16.7 C
Harare
Sunday, April 5, 2020
He has been appointed to various leadership positionsHe is the current CE of United RefineriesDoug Munatsi assumes board CE position Harare - Renowned businessman, Busisa Moyo has been appointed the new board chair of the Zimbabwe Investment and Development Agency (ZIDA). The new...
Hyperinflation has changed accounting standards in reportingHyperinflation accounting was adopted in the second half of 2019Before dollarisation Zimbabwe used hyperinflation accountingCompanies delaying financials release as a consequence Listed companies in Zimbabwe will delay release of their earnings for the period to December 2019 due...
Government implicitly sees exchange rate falling by almost 100% in 3 monthsProducer prices set on Tuesday guides the projectionFormal exchange eases by over 20% after Reuters goes live Harare - New set producer prices for wheat, suggest that the government of Zimbabwe sees the exchange rate closing...
The development follows the lack of an official exchange rateThe Reuters system will pave way for an official market exchange rate and liberalisation of foreign exchangeThe system will also generate a daily exchange rate. A defining economic development in Zimbabwe took place today as the treasury...
Zimbabwe economic landscape to change for the worstLiberalising the market will see the exchange rate jump to circa 1:40Real fiscal carnage to follow the move of liberalising the market Harare - “You can’t have your cake and eat it” and “there is no...
World Bank providing $12 billion in immediate supportConfirmed cases spiking in Africa, one death reportedGlobal markets crumbling amid the corona virus outbreak Harare - Most African nations reel on high risk of debt, stunted global economic growth as result of the financial sector’s resistance to change , high...
Grain, maize meal and wheat flour listed on Open General Import LicenceIndividuals and corporates to import without import licence Harare - As the country continues to wrestle not only food insecurity but inflation which is fuelling the increase of poverty, pricing of basic food consumed by the...
SADC’s economic growth slower than other blocsPower cuts affecting SA economySlow SA economic growth to grow marginally Harare- SADC’s regional economy is expected to continue on a slow growth trajectory as South Africa’s economic challenges continue. The bloc’s growth has been slow...
Economy entered second recession in Q4 2019Corona virus stalling trade between SA and ChinaSouth Africa confirmed as the second largest economy in Africa Harare - Having slumped into its second recession in the final quarter of 2019, South Africa has had to endure the severity...
FPL for one up by 8%FPL for an average of five stood at $2004TCPL for an average of five persons rose by 7% Harare- Latest data released by the Zimbabwe Statistical Agency (Zimstat) indicates that the Food Poverty Line (FPL) for one person in January stood at...