8.9 C
Harare
Wednesday, August 4, 2021
Gold prices to soar to US$1552 & US$1625 in 2020/21 respectively-RBCGold price reaches 4 month-high amid geopolitical tensionsZim’s gold deliveries declined by over 20% in 2019Side marketing affecting deliveries to Fidelity Printers The Royal Bank of Canada (RBC) earlier today raised gold price projections for the next 2...
Assumed office on 1 March 2020She left ABCH in January 2020Comes in following Letshego Group’s executive shake up Harare – Former Banc ABC executive has re-emerged at a Botswana listed microfinance bank. Gwen Muteiwa whose previous designation was finance director...
Up 175% MoMPrices are soaring as regulators are trying to tame pollutionRhodium is about 6% of PGM basket, but now largest revenue contributor HARARE -  Beyond imagination, rhodium has taken investors by surprise. Not only has the platinum group metal (PGM) surpassed gold...
As the coronavirus pandemic slowly increases its spread on Zimbabwe with 10 confirmed cases and one death, Zimbabwe, just like many other countries across the world endures a national lockdown now in its second week. The lockdown which is gradually being loosened was imposed in a...
Sales volumes down 32.7%Inflation adjusted revenue declined by 13% Harare- OK Zimbabwe Limited registered a dip in sales volumes in the quarter ended 30 June 2020 (Q1 2020) as the market has been experiencing instability due to the COVID-19 pandemic.
Earlier this week, the Central bank reintroduced the interbank foreign currency trading platform but with modifications. When the interbank was first introduced in February of 2019, it marked Zimbabwe’s shift from a fixed exchange system of 1:1 between the USD and RTGS (local currency) balances. Essentially,...
Harare – Standard Chartered Bank Zimbabwe is in the process of merging branches and transferring of customer accounts starting October 2019 in line with restructuring exercise towards digital banking. Indications across the wider banking industry have shown that Banks are rolling out aggressive investments towards upgrading their digital platforms as...
Gold deliveries between Jan-Sep 2020 down 41% compared to prior yearInefficient pricing models promoting side marketingThe country looks set to achieve less than 27.66 tonnes delivered in 2019Govt is targeting 100 tonnes of gold per year by 2023 Harare – Gold deliveries to...
Reduction in consumer demand anticipatedDisruptions to Group’s supply chain likely British American Tobacco Group anticipates a significant adverse material impact to its business if the coronavirus continues to affect key geographies or if the situation deteriorates for an extended period.  The Group said...
Profits down 135%COVID 19 and Accident at warehouse main culpritsWater shortages also contributed negatively. Harare – Sugar refining company, Star Africa Corporation has recorded a loss of ZWL53,8 million in inflation adjusted terms for the half year ended 30 September 2020 as a...