9.9 C
Harare
Friday, July 30, 2021
Petrol price has gone up from ZWL$71.62 per litre to ZWL$93.15 while diesel price has increased from ZWL$62.77 per litre to ZWL$83.36.US$ prices remains unchangedThe local currency traded at 80.46 to the greenback, up from 76.75 which was recorded last week Harare –...
Total assets stood at ZWL$49.81 billion in nominal termsFixed properties and equities dominated asset baseOld Mutual market share was 41.92% Harare- Total assets in the Life Assurance business for the half year ended 30 June 2020 grew by 134.62% in nominal terms, while...
FPL for one stood at $1 329TCPL for an average household of five persons stood at $15 573Govt yet to pay out cushioning package for the vulnerable Harare- As more than half the population in Zimbabwe faces food insecurity which has been worsened...
·      Dam levels increased by 56.9 percent ·      Highest increase since 1974 ·      Government expects economic revival on the back of consequent good harvests Harare – The Zimbabwe National Water Authority (ZINWA) has reported that national dam levels have increased by...
Lost ZW$0.025 in valueTotal amount allotted increased to US$32.85Highest bid received scaled down to ZW$87 on the main auction Harare - After zig-zagging up and down for the past four weeks, the Zimbabwean dollar this week fell for the second consecutive time against...
Amid the currency saga, domestic political tumult and seemingly labour unrest is causing further uncertaintyCZI has urged the government to demonstrate clarity on the currency position on whether the country is still under the multi-currency environmentThe currency saga has created a dislocation in the economy and it is threatening any efforts for economic...
Major tax revenue sources are thinly distributed across sectors and tax headsCountry’s unsustainable external debt traps the economy at growth rates below its potential Harare – In its March 2020 Article IV Consultation report, the IMF noted the gravity of Zimbabwe’s external debt...
Treasury offered little economic stimulus against COVID-19 in 2020Limited fiscal coffers to blameNew incentives to increase forex earnings, employment, and national output When coronavirus (COVID-19) struck the world heavily in early 2020 forcing nations to implement hard lockdown measures and curfews, governments and...
Month-on-month inflation dropped to 2.56%Annual inflation dropped to 56%, the first time it has been two digits in over two yearsFPL and TCPL scaled up by 2.5% Harare – The Zimbabwe National Statistics Agency (ZIMSTAT) reports that Zimbabwe’s month-on-month inflation fell by 1.32...
Rate stands at 1US$: ZW$83.75The local unit fell from 83.37 in the prior weekHighest rate received climbed to ZW$89 After holding the same position for two consecutive weeks the Zimbabwean dollar has come out of this week’s foreign currency auction ZW$0.37 cents weaker...