Zimbabwe

Zimbabwe

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
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
Zimbabwe
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
Zimbabwe
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
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
Zimbabwe
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
Zimbabwe
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
We saved ZWL 500 billion, but at what cost?

The government has reported that it has saved ZWL$ 500 bn in expenditure after intensifying scrutiny on procurement by ministries, departments, and agencies. The government had seen leakages of funds

May 29, 2023
Organisations Call for Earlier Suspension of Free Duty on Basic Goods

ompetition and Tariff Commission together with National Competitiveness Commission says the government should in the short term reverse the opening of imports to protect the local industry from stiff

May 29, 2023
Corporate Action Summary

Edgars Stores Limited announced that the 74th Annual General Meeting of members will be held at 08:30 hours on Thursday, the 15th of June, 2023, at the Edgars Training Auditorium, 1st Floor LAPF House

May 29, 2023

Lessons from Turkey's Election: Implications for Zimbabwe's Upcoming Elections

Erdogan's emphasis on fighting inflation and healing the wounds from a catastrophic earthquake provides a valuable lesson for Zimbabwe. The country is facing a severe economic crisis, with high inflat

May 29, 2023

South Africa's Maize Boost Benefits Zimbabwe's Food Security

However, the two countries' experiences with maize production highlight the need for a more coordinated approach to agricultural development in the region. South Africa's success in increasing maize p

May 26, 2023

Colcom Expands Piggery Operations with New Feed Mill Investment

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 26, 2023

Elections Update: Elections Fever Triggers Exchange Rate Madness

he parallel market rate, which is neither overvalued nor determined by the government shoot by 40% within one week to US$1: ZWL5000 on the 26th of May 2023, one of the worst performances since the re-

May 26, 2023

Zimbabwe Dollar Sheds 26% on Auction Market, Biggest Weekly Depreciation Since June 2022

The embattled Zimbabwe dollar continued on a freefall after depreciating by another record 26% on the RBZ-governed Auction Market held on the 23rd of May 2023. This was the biggest weekly decline sinc

May 24, 2023

Truworths Introduces US Dollar Credit Sales as Government Remains Hawkish

Listed clothing retailer, Truworths Zimbabwe Limited has introduced United States Dollar (US Dollar) credit sales effective the 1st of April 2023 to offset losses through inflationary pressures and re

May 23, 2023

Axia Stays Resilient Despite Turbulent Quarter

Axia Corporation released their trading update for the third quarter ended March 2023, demonstrating satisfactory performance despite facing significant exchange rate volatility and economic distortio

May 22, 2023

Simbisa Weathers Economic Storm, Delivers Solid Growth

Simbisa Brands released their trading update for the third quarter ended 31 March 2023, demonstrating the group’s resilience in the face of significant economic headwinds. The fast-food giant reported

May 22, 2023