17.1 C
Harare
Wednesday, October 20, 2021
When the Reserve Bank of Zimbabwe (RBZ) announced the introduction of Statutory Instrument (SI) 127 of 2021, the public was shocked, and businesses were thrown into disarray. Questions were asked about the possible impact on inflation – a lion that continues to terrorise the citizens.
Businesses refusing payments in local currency to be fined ZW$50,000Discounts for foreign currency transactions now illegalCommand economics is detrimental to economic stability Harare – The Zimbabwean government has recently published statutory instrument 127 of 2021 (SI 2021-127) detailing civil penalties for all economic...
HARARE – On 27 May 2021, the government of Zimbabwe published in the official gazette, Statutory Instrument (S.I) 127 of 2021 carrying a raft of measures meant to force businesses to accept the Zimbabwe dollar and to eliminate the pegging of prices using exchange rates outside...
Ahead of what seemed to be a pertinent infancy death for the Victoria Falls Stock Exchange (VFEX), there seems to be a little light of hope that has been shone following the incentives announced by the government for any company in the export business that chooses...
77% drop in licensed fuel companiesMonthly Fuel Price Review expected this weekPotential rise in production costs in months ahead Following an April 30th 2021 fuel licensing application deadline, ZERA has reported a 77% decline in approved entities. Down from 130, only 30 companies are...
Q1 net revenue outturn at ZW$88.26 billion against ZW$86.52 targetFY2021 total revenue target was set at ZW$390.8 billionExpected economic rebound to increase ZIMRA collections In November 2020, finance minister Professor Mthuli Ncube presented his 2021 National Budget with a spending ceiling of ZW$421.6...
After experiencing two (2) severe consecutive droughts in the 2018/19 and 2019/20 season the agriculture sector is poised for a sharp recovery this season thanks to proper preparations, buttressed by normal to above-normal rainfall across the country. Zimbabwe’s government has supported the...
Following the April 20th 2021 RBZ Press Statement on Bureaux de Change enhanced access to foreign currency, listed below are a few points of concern that should hopefully spark public discourse and yield clarification from the central bank: According to an RBZ...
Aluminium is seeing a price surge buoyed by supply cuts in China, the world's biggest user and producer of the metal while the depressed US dollar makes metals an attractive option for investors. Global aluminium prices hit a near three-year high last...
HARARE – The Banking industry is in a digital arms race. Following the outbreak of COVID-19, we’ve seen local banks – in line with global trends, accelerating digital innovation which is key in optimising the customer experience. For many retail banks, online and mobile channels have...