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Wednesday, October 20, 2021
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news about the Zimbabwean economy

HARARE – Amidst rising inflationary pressures, depreciating currency and an overall economic uncertainty worsened by lack of cohesion among government, other political players and the business sector, the International Monetary Fund (IMF) on Wednesday lowered its 2021 growth outlook for Zimbabwe to 5.1 percent.
Results to be out on or before 11 November 2021ZSE granted permission for the delayPenalties are given to companies that fail to publish results on time Harare - The effects of the COVID-19 restrictions which affected most companies in the country have not...
HARARE – The telecoms market is not insulated against the weakening economic situation. The recent Q2 2021 report by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) shows that the sector is grappling with severe economic distress. The sector reported an...
HARARE – Rebranding offers a company a chance to show that the business is evolving. Embarking on that exercise allows companies to reflect new goals, products, offers and values which go a long way in establishing new or cementing already existing relationships with stakeholders.
HARARE – Mealie Brand, a division of diversified construction, infrastructure and agricultural equipment manufacturer and distributor, Zimplow Holdings Limited has been named as the 2020 exporter of the year in the agriculture implements division. Mealie Brand which is one of the largest...
ZWL Petrol up 4.47%ZWL Diesel up 6%International energy demand on the rise Zim Fuel Price ReviewFollowing a cautionary statement by the country’s energy regulator ZERA, October 2021’s fuel price caps were pushed up in both ZWL and US$ terms from the previous month’s price...
New peak rate of ZWL 88.55:US$12nd highest number of bids received: 1,683Highest bid rate received: 982nd highest Raw Material allotment to-date: US$ 18.47m HARARE – The Zimbabwe dollar plunged by the highest weekly margin since the beginning of the year to ZW$88.5532 against...
Gold production for the six months to 30 June 2021 fell by 4% to 564kgLoss for the period widened to ZW$1.5b from prior year’s loss of ZW$77.4m due to the lower productionWorking on resuming chrome business and bringing back nickel production to full capacityHigher diamond sales offset...
Having violated ZSE listing requirements, shares of Cassava Smartech have been suspended from trading (effective October 1st 2021). The firm was due to publish its set of financial statements for the year-ended February 2021. Seven months later & no financials are out. Cassava’s market cap stood at...
2nd highest allotment this month at US$41.09 millionNo Fuel, Electricity and Gas allotmentsHighest Paper & Packaging allotment at US$1.55 millionLeast number of rejected bids this month Harare – After shedding 1% last week, the Zimbabwean dollar has come out of this week’s foreign...