10.5 C
Harare
Saturday, June 19, 2021
Economists had predicted 3.1% growthFinance industry was the biggest contributor Harare – South Africa has recorded an above target economic growth of 4.6 in the first quarter of 2021 compared to the last quarter of 2020 significant of the beginning of recovery from the...
LISTED financial services group, ZB Financial Holdings Limited has for the second time postponed the publication of its financial results for the year ended 31 December 2020 due to delays in the auditing process. The announcement has now been pushed to 30...
Harare – Mines and mining development minister, Winston Chitando says gold production volumes in the country will have increased to 100 tonnes annually by the year 2023. Chitando said this earlier today in a speech at the 2021 Zimbabwe Mining Indaba currently underway...
Transitional period had been set until May 31It has now been extended to June 30Meant to cater for the completion of the processing of vehicles bought before the enactment of SI 89 of 2020 Harare – The Zimbabwe Revenue Authority (ZIMRA) and the...
SI 127 set new regulations and penalties on the use of forex in the countryCZI believes that the new regulations are counterproductive to the gains made in achieving macroeconomic stability thus farAnalysts equate new measures to 2007/08 price controls Harare -  The confederation...
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...
MoM inflation was 2.54 percent up from April’s rate of 1.58%YoY inflation stood at 161.91 percentLack of confidence in the local currency threatening price stabilityCentral Bank officials confident that inflation will close the year in a healthy territory Harare – Monthly inflation accelerated...
HARARE – Retailers are facing a myriad of challenges that have periodically continued to threaten business viability. The Zimbabwean economy has generally been depressed for several years now and the advent of COVID-19 worsened the situation as government responded by imposing lockdown measures that saw businesses...
Lower inflation propels economic growthGradually increasing fiscal spending, a risk to exchange rate and price stabilityFor stability, RBZ should engage in aggressive market liquidity management Zimbabwe is one of the few countries worldwide battling too high inflation. Though the monthly outturn is hovering...