10 C
Harare
Tuesday, July 14, 2020
OMIR implied rate increased due to sharper JSE losses ZSE losses were deep but cut short The OMIR is expected to remain adverse in Zim’s disfavour The adverse movement in Old Mutual’s shares on the JSE...
ZANACO Trading Income mounts 328%PAT grows 9%Loan book grows funded incomeThe group operationalizes 2 subsidiaries Lusaka listed Zambian National Commercial Bank group reported a 328% growth in Trading income compared to the prior year on account of increased volumes of transactions as well as an improved...
RBZ suspends 30-day liquidation requirementfirms receiving foreign currency from domestic transactions to deposit the funds in local FCA flagging of importers and the penalty system has also been suspended. With a deepening Corona Virus crisis and weakening economic fundamentals, the RBZ has...
Total bank deposits stood at ZW$34.5 billion as at 31 December 2019, composed of ZW$22.0 billion (64%) in local currency and ZW$12.5 billion (US$785 million) or 36% in foreign currencyRBZ says it is strongly monitoring money supply to ensure that it does not cause inflation and/or bring volatility to the exchange...
Amid the currency saga, domestic political tumult and seemingly labour unrest is causing further uncertaintyCZI has urged the government to demonstrate clarity on the currency position on whether the country is still under the multi-currency environmentThe currency saga has created a dislocation in the economy and it is threatening any efforts for economic...
USD/ZWL$ exchange rate breaches 1:25 on the parallel marketRBZ said the issue is now up for investigationWildly currency fluctuation create economic uncertainty and instability, affecting capital flows as well as threaten a spike in inflationThe fall in ZWL$ value was expected. Its reintroduction was mistimed and marred by uncertainty from the...
KEY TAKEAWAYS The delay follows the change in functional and reporting currency in Zimbabwe effective June 24, 2019Usefulness of published corporate financial statements depends on their timeliness as well as their accuracy.In the face of hyperinflation, in certain cases companies are permitted to use inflation-adjusted figures, restating numbers...
News about a pending currency coming to the market in a fortnight made headlines on Tuesday even as it abated confusion over the reintroduction of the currency in question. The confusion pertains to whether the currency is a new currency different from the one introduced in June or in...
Harare – Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya has given an indication that government will be introducing a new currency in the next two weeks, the latest of what has been an intense speculation regarding the authorities’ next big move in the face of persisting cash...