18.3 C
Harare
Wednesday, January 20, 2021
On the 16th of November 2020, the government launched first National Development Strategy (NDS1) which is a five year economic development plan meant to run between 2021 and 2025 and supplanting the Transitional Stabilisation Programme (TSP), launched in 2018, with a two-year life span.
If the Zimbabwe dollar further depreciates value, and budget deficit persists in addition to the rapid accumulation of external arrears, toxic as that combination is, the country will by no means manage to safely carry the debt. Zimbabwe is in debt distress...
*Performance Charts incl (ZSE indices, ZSE Value Traded, Interbank) ZSE market opened the week extending see-saw movement, with the All Share Index marginally shedding off -0.13% to close at 1508.67points again failing to hold on to prior session gains. The bourse has been...
• Finance and Economic ministry initially predicted 3% growth • Negative growth on the back of COVID 19 and Drought • 4.2% recovery expected next year The International Monetary Fund (IMF) has maintained an adverse economic outturn for Zimbabwe in 2020. In its...
YoY inflation dropped 101.62 percentage pointsSecond drop in inflation since JulyExchange rate stable at USD1: ZWL 81 Harare – The retail inflation, measured by Consumer Price Index (CPI) fell to 659.40% in the month of September 2020 shedding 101.62 percentage points as compared to...
Zimbabwe’s inflation rate stood at 679,39% at the end of the PPC financial yearCement Sales volumes were down by 15% to 20%Heightened prices depressed demand Harare – Dual listed, regional cement manufacturing company Pretoria Portland Cement (PPC) Limited has cited the hyperinflation in...
August MoM inflation shed 27.09 percentage points from 35.53% in JulyGovernment is targeting 2-digit YoY inflation by year endAccording to Equity Axis, the balance of risks remains to the downside Harare - The retail inflation, measured by Consumer Price Index (CPI) eased to...
The Zimbabwe dollar traded at 1:8,56 in latest auction tradingFrom the totals allocated, US$7.6 million was allotted towards raw materials on the main auction whilst US$235 721 was allotted towards the same on the SME auction●       “The Foreign Exchange Auction System shall continuously be fine-tuned in order...
James, the Apostle, and the brother of Jesus Christ, is said to have died in Spain. In his honour, a shrine was built at the Cathedral of Santiago de Compostela in Spain. Cape Finisterre is the final destination of the famous pilgrimage to this shrine of...
Zim records 737.26% Y-O-Y inflation for JuneMonth on Month inflation gains 16.53%Weakening local currency driving inflationZSE suspended by govt, blamed for worsening economy Zimbabwe’s inflation came in at 737.26% year-on-year in June compared to 785.55% in a climbdown which is a first in...