24.5 C
Harare
Saturday, May 30, 2020
DGA Zim Q3 and nine months volumes were down by 25% and 35% respectivelyAccessing forex has remained Transerv’s biggest challengeGroup registered positive profit performance in April despite lockdown Harare - Local shortage of foreign exchange negatively affected AXIA’s sales volumes which saw only...
Selling season to commence in three to six weeksThe group continues to invest in upgrading handling facilities Harare - As the country gears for this year’s tobacco selling season, TSL’s Tobacco Sales Floors preparations for the period are at an advanced stage. The...
Group’s HE declined by 7%Nedbank Zimbabwe HE down by 23%Nedbank Zimbabwe registered monetary loss of R296 millionZimbabwe’s weak economic fundamentals also weighed on SADC business performance Harare - Nedbank Group’s financial performance fell flat for the year ended 31 December compared to the previous year owing to...
Harare – Pan African Bank, Ecobank Zimbabwe was awarded the best bank in Zimbabwe at the recently held Banks and Banking 2019 Survey Awards. The program, running under the theme “Return of the Zim-Dollar Transition to Nolmacy?” was presented by The Zimbabwe Independent which is owned by Alpha Media Holdings...
Indices slump in Thursday sessionInvestors are opting for liquidityTruworths led the fallers of the day after letting go 19.78% It was a bloodbath in Thursday’s session as all indices closed in the red. The mainstream All Share Index dropped 2.80% to 466.94pts while the Industrials slumped...
Mines not making enough money due to undercapitalisation55% forex retention more than enough Harare - Caledonia Mining Corporation plc CFO, Mark Learmonth stated undercapitalisation as one of the factors affecting the mining industry in Zimbabwe at a time when there are forex shortages.
Despite the effects of drought, grain output in Zimbabwe over the years has been stifled due to a number of issues such as challenges in the importation of production inputs such as fertiliser, fuel, agrochemicals, amongst others, due to liquidity issuesGovernment said the subsidised price has created undesirable arbitrage opportunities for...
Foreign sells increased to $104 millionForeign purchases came off at $50 million Foreign participation on the Zimbabwe Stock Exchange continues to plummet in February as investors continue losing hope owing to the weak economic fundamentals prevalent in the country. Foreign investor participation remains...
Rand Refinery fails to secure commercial flights to UKRand Refinery suspends shipmentsGold contributed 37% to Zim’s 2019 forex receipts Zimbabwe’s gold exports have come under threat after South Africa’s Rand Refinery suspended its gold exports to the UK upon failing to secure commercial flights to ship...
Monthly inflation for January 2020 fell to 2.23% from 16.55% in December 2019The surprise drop was driven by the smaller increases in price of food and non-alcoholic beveragesAlthough the monetary authorities expects inflation to fall, the pressure emanating from exchange rate loss is too high and therefore increases outlook uncertainty