Zimbabwe

Zimbabwe

Understanding Circuit Breakers: ZSE implements cool-off periods

Since the beginning of June, the Zimbabwe Stock Exchange (ZSE) has instituted a trading halt in more than two sessions. A 30-minutes cooling off period is typically implemented when the mainstream ZSE

Jun 09, 2023
World
FBC Holdings Limited Acquires Standard Chartered's Business in Zimbabwe

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 Jun 08, 2023
World
South African Rand Holds Steady Amidst Positive Momentum

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 Jun 08, 2023
Zimbabwe
New Measures to Counter New Measures: RBZ changes stance on Monetary Policy

Following the implementation of economic measures announced on 11 May 2023 and 29 May 2023 respectively, the Central Bank introduced new measures on the 6th of June, 2023 meant to curtail exchange rat

 Jun 07, 2023
Zimbabwe
Malawi Stock Exchange: A Bright Spot in Africa's Capital Market

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 Jun 06, 2023
Zimbabwe
Corporate Action Summary

First Mutual Properties Limited also announced that its 20th AGM of members will be held at 0930 hours on Tuesday, 27 June, 2023 at First Mutual Office Park, 100 Borrowdale Road, Harare. Among the res

 Jun 05, 2023
World
Sweet Entry into the Chinese Market: Zimbabwean Citrus Farmers Find Solace

China consumed over 54 million tonnes of citrus fruits in 2021, accounting for about 34% of total citrus consumption globally. The sheer size of the Chinese market signals a huge export potential for

 Jun 05, 2023
The Rise of China's Influence in the Global Metals Market: How the Loss of Benchmark Status by the LME may impact Zimbabwe

In a major shake-up for the global metals market, the London Metal Exchange (LME) has lost its benchmark status for a part of the nickel market. According to a report by Bloomberg News, the Shanghai M

Jun 05, 2023
Nedbank in Solid Start to 2023

Nedbank warned that risks to its full-year outlook are rising from South Africa’s weakening economy, where growth has been hit by power cuts, weak global demand, and rising rates.

Jun 02, 2023
Lessons from Dell's Cost-Cutting for Zimbabwean Companies

In such a challenging environment, cost-cutting measures can be an effective way for companies to maintain profitability. However, it is important to note that cost-cutting measures can also have nega

Jun 02, 2023
South African Rand Remains Unchanged After Month of Losses

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jun 01, 2023

Zimbabwe Dollar Continues on a Free-fall, Narrows Premium to 50%

As the government continued preaching the gospel of letting economic forces determine the RBZ-governed foreign currency auction market, the Zimbabwe dollar continued on a free-fall after shedding by a

May 31, 2023

Zimbabwe’s Budget Deficit Surpasses ZWL21 Bn in Q1

Zimbabwe has incurred a ZWL21.3 billion budget deficit which was financed from accumulated reserves during the first three months to March 31 2023 according to the Treasury’s First Quarter Bulletin Re

May 31, 2023

Riding the Hyperinflationary Storm: First Mutual Delivers Solid Q1’FY23 Performance

In the face of persistent macroeconomic instability and hyperinflation in Zimbabwe, First Mutual Holdings Limited was able to navigate treacherous waters to deliver a robust set of results for the qua

May 30, 2023

Understanding the Risks: An Overview of the South African Market for Investors and Businesses

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

May 30, 2023

Zimbabwe Trade Balance Worsens by 26%, What it means for the economy

While platinum prices gained during the quarter owing to strong industrial demand for auto catalysts during the first quarter of 2023 as China reopened its industry from Covid-19 induced lockdowns, th

May 30, 2023

Zim Mining Sector Records Growth in Q1'23 Except Gold Production

The report shows that Kariba South Power Station has been producing an average of 350 MWh, below its installed capacity of 1050 MWh while Hwange Power Station produced on an average of 206 GWh during

May 30, 2023

How South Africa's Ties with Russia Could Affect Zimbabwe's Economy and Trade

In the short term, Zimbabwean businesses may need to prepare for higher prices for imports from South Africa, and the government may need to monitor the situation closely to ensure that any potential

May 30, 2023

Patchwork Power Solution Provides Fragile Respite as Hwange Unit 7 Joins National Grid

Zimbabwe’s Hwange Power Station Unit 7 has been officially integrated into the national power grid, adding 300MW of electricity generation capacity. This milestone comes after the power plant successf

May 29, 2023