Search results for 'Exchange Rate'
Companies
Bridgefort Exits ZSE , Eyes VFEX Listing

The Zimbabwe Stock Exchange (ZSE) has terminated trading of Bridgefort Capital Limited shares which consists Class A and Class B  effective November 26  2024, as the company volunteered to delist from

Nov 27, 2024
Zimbabwe
Mthuli Ncube Anticipates 52% Depreciation of ZiG in 2025

The Zimbabwe’s economy faces a turbulent 2025, with the local currency, the Zimbabwe Gold (ZWG), expected to depreciate by an alarming 110% in FY2025, Government 2025 Budget reviews. This grim foreca

Dec 03, 2024
Zimbabwe
How Has the ZiG Performed So Far, What Is the Possible Outlook?

During the close of the second week of January 2025 (10/01/2025), the local currency has traded at an exchange rate of 26.0579 against the US dollar, reflecting a slight depreciation from the opening

Jan 10, 2025
Zimbabwe
ZiG Weekly Review: Slides to 26.67, Worst Performance Since January, but PMR Gap Narrows

The Zimbabwe Gold (ZiG) has demonstrated sustained depreciation against the United States Dollar (USD), recording an exchange rate of 26.6749 on 17 March 2025, extending a loss-making streak observed

Mar 17, 2025
Zimbabwe
ZiG Weekly Review: Gradual Erosion Continues, What’s the Key to Sustainable Stability?

The Zimbabwe Gold (ZiG) has faced persistent bearish pressure against the US dollar (USD), settling at an exchange rate of 26.7069 as of March 21, 2025, marginally weaker than its 26.7116 close on Jan

Mar 21, 2025
Zimbabwe
RBZ Repeal Penalties on Pricing Above Official Rate Under SI 34 of 2025: Analysing ZiG and Exchange Rate Policy Shift

Government has repealed Statutory Instrument 81A of 2024, which penalised businesses for charging goods and services above the official exchange rate set by the Reserve Bank of Zimbabwe (RBZ). This p

Apr 17, 2025
Zimbabwe
ZiG Resumes Cat and Rat Chase: Policy Shift Triggers ZiG Turmoil

The Zimbabwe Gold (ZiG) has entered a volatile phase on the parallel market, shelving the stability the currency enjoyed from the first quarter into April. On the formal market, the ZiG maintained its

May 05, 2025
Zimbabwe
ZiG Firms for the First Time on Formal Market, Ends Bearish Streak Since April

The Zimbabwe Gold (ZiG) appreciated for the first time on May 21, 2025, strengthening to 26.8853 from 26.9786 per dollar the previous day, breaking a chain of loss-making streaks since April 25, when

May 23, 2025

Top Stories

ZCDC Cuts 400 Jobs as Global Diamond Industry Faces Major Crisis

Zimbabwe Consolidated Diamond Company (ZCDC), the country’s largest state-owned diamond miner, has confirmed the retrenchment of 400 employees, a move that reflects the worsening crisis in the global

6 hours ago

Zimbabwe's Gold Deliveries Hit Historic Peak Since 2021

Zimbabwe’s gold deliveries to Fidelity Printers and Refiners (FPR) in June 2025 reached 4.27 tonnes, marking a significant increase from May’s 3.49 tonnes, driven primarily by contributions from Artis

7 hours ago

ZSE Lifts Suspension on Meikles Limited, Trading Resumes

The Zimbabwe Stock Exchange (ZSE) has officially lifted the suspension of trading in Meikles Limited shares, effective July 14, 2025, following the successful resolution of corporate governance concer

9 hours ago

Gold Weekly Wrap: Africa Investors Lag as Global Gold ETFs Surge to $400 Bn with Record H1 2025 Inflows

In the first half of 2025, global gold exchange-traded funds (ETFs) saw a remarkable resurgence, with inflows reaching US$38 billion, the highest semi-annual performance since H1 2020, driven by geopo

1 day ago

Zimbabwe Targets 50% Boost in 2025  Blueberry Output

Zimbabwe is projecting a 50% increase in blueberry production this year  rising from 8,000 tonnes in 2024 to 12,000 tonnes in 2025 as the country ramps up efforts to diversify its export portfolio and

1 day ago

ZiG Weekly Commentary: ZiG Achieves Record Appreciation, June Outperforms with Robust Late Rally

The Zimbabwe Gold (ZiG) currency exhibited robust appreciation in late June 2025, a trend that extended into July 2024, bolstered by an expansion in gold reserves and sustained tight monetary policy m

1 day ago

Weekend Read: Zimbabwe’s Gold Rush – Billions Earned, Billions Lost

Gold is Zimbabwe’s golden ticket, shining brighter than ever as the world’s chaos, wars in the Middle East, Russia’s invasion of Ukraine, and shaky U.S. support for Kyiv drive demand for this safe-hav

Jul 11, 2025

BAT Anticipates Comeback After Transitioning to a Loss in FY2024

British American Tobacco Zimbabwe (BAT Zimbabwe) experienced a pronounced financial reversal in its fiscal year 2024 (FY2024), transitioning from a profit after tax of ZWG 234 million (US$9 million to

Jul 11, 2025