Latest News

BUSINESS NEWS

Zimdollar strengthens against the real US dollar

The local currency appreciated for the first time against the US dollar after it firmed a marginal 0.094% to 83.3209 from 83.3994. This followed a drop in both the highest and lowest bids to 87.5 and ...

By Staff reporter | Published: 01 September 2020

ZIMBABWE

SecZim licences VFEX

The Securities and Exchange Commission of Zimbabwe has licenced the Victoria Falls Stock Exchange paving way for its scheduled opening. The VFEX will become the country's second stock exchange as...

By Staff reporter | Published: 01 September 2020

ZIMBABWE

Seedco seeks to merge Zimbabwe operations for secondary listing

Pursuant to the proposal to transfer the ZSE Secondary Listing of Seed Co International Limited from the ZSE to the soon to be established VFEX, a proposal to merge the Zimbabwean operations, held und...

By Staff reporter | Published: 01 September 2020

BUSINESS NEWS

Concerns that informal market may mop up US$ as parallel rates creep up

Industry is yet to gather data on how much sales are being generated in foreign currency although there is an increase in the use of domestic nostro accounts to settle transactions as RTGS liquidity b...

By Staff reporter | Published: 01 September 2020

LANDS & AGRICULTURE

Milk production in July increases 5%

Milk production increased 4.84% in July to 6.5 million litres which is two thirds of the country's monthly requirements of 10 million litres. According to the latest Zimbabwe Dairy Services stati...

By Staff reporter | Published: 01 September 2020

ZSE TODAY

Stocks back in negative territory on Simbisa, Innscor

The stock market made a marginal swing back to negative territory weighed down by losses in Simbisa and Innscor although the market breadth was positive, as stocks remain a safe haven in this crisis p...

By Staff reporter | Published: 22 April 2020

LANDS & AGRICULTURE

Zimbabwe writes off 106 520ha of maize due to dry weather spell

The Ministry of Agriculture is pursuing crop diversification in order to spread the risk of crop failure after the prolonged dry spells experienced in the 2019/2020 season led to low area planted and ...

By Staff reporter | Published: 22 April 2020

ECONOMC INDICATORS

Zimbabwe's March annual inflation rises to 673.39%

Zimbabwe's annual inflation rose in March to 676.39% with expectations that it might touch the 1000% level within two months as supply chain disruptions and shortages are expected to lead to prolonged...

By Staff reporter | Published: 14 April 2020

TELECOMS & TECHNOLOGY

Ralph Mupita paid R66.3 million by MTN for 2019

MTN has published its integrated report for 2019, showing what its top executives were paid in the last year.MTN group chief financial officer, Ralph Mupita, took home the largest salary at the group ...

By Staff reporter | Published: 31 March 2020

BUSINESS NEWS

Mnangagwa okays US dollar use

PRESIDENT Emmerson Mnangagwa has gazetted Statutory Instrument 85/20, which will allow citizens and businesses to charge goods and services using the United States (US) dollar as part of combating the...

By Staff reporter | Published: 31 March 2020

BUSINESS NEWS

RBZ suspends 30-day forex liquidation requirement

The Reserve Bank of Zimbabwe has suspended the 30-day liquidation requirement on un-utilized foreign currency balances for exporters to support its use of free-funds policy. Last week the RBZ announce...

By Staff reporter | Published: 31 March 2020

POLITICS

Massive border fence between South Africa and Zimbabwe

In response to the Covid-19 pandemic, government is to erect a 40km fence within a month to ensure that no undocumented or infected persons cross the border into South Africa from Zimbabwe and vice ve...

By SA News | Published: 19 March 2020

ZSE TODAY

ZSE stocks little changed as Old Mutual halts losing streak

The equities market closed near flat on Thursday after gains in select heavyweight stocks restricted the losses on the benchmark index to just 0.08%.Trading in the heavyweight was not impressive with ...

By Staff reporter | Published: 19 March 2020

BUSINESS NEWS

Tax breaks for renewable energy investors as govt launches new policy

Government has dangled a carrot to potential investors in the renewable energy sector by giving tax breaks as well as awarding national project status for such ventures.This is contained in the new en...

By Staff reporter | Published: 19 March 2020

INDUSTRIALS & ENERGY

Willdale sales volumes in 5 months to Feb grow 10%

Willdale says sales volumes in the five months to February are 10% above prior year while profitability in the period has grown above the inflation rate due to an effective pricing mechanism and cost ...

By Staff reporter | Published: 19 March 2020

ZIMBABWE

Zim$ depreciates 27.28% as Reuters goes live

The Reuters foreign currency trading platform went live today, marking Zimbabwe's long-delayed step towards a transparent and effective foreign exchange trading platform.This also comes as Bureaux de ...

By Staff reporter | Published: 18 March 2020

ZSE TODAY

ZSE falls as RBZ readies corporate OMO Bills to mop up excess liquidity

The stock market fell on Wednesday but at a much slower pace as investors have adopted a somewhat wait and see approach until the dust settles on the ongoing currency reforms that Treasury and the Res...

By Staff reporter | Published: 18 March 2020

POLITICS

Chombo removed from remand

FORMER Local Government minister, Ignatius Chombo, was yesterday removed from remand in a case he is accused of illegally facilitating the sale of a government house in Mutare to ex-Zanu-PF legislator...

By Staff reporter | Published: 18 March 2020

POLITICS

Mudenda blasts Zanu-PF MPs

SPEAKER of the National Assembly Jacob Mudenda has slammed Zanu-PF MPs for disrupting Parliament's portfolio committee meetings chaired by MDC legislators saying the development contradicted President...

By Staff reporter | Published: 18 March 2020

BUSINESS NEWS

US$24m for fuel

The Reserve Bank of Zimbabwe (RBZ) has released US$23,89 million for the purchase of fuel to be sold in local currency for the week March 16 to 22. RBZ governor Dr John Mangudya made the announcement ...

By Staff reporter | Published: 18 March 2020

BUSINESS NEWS

COVID-19: Zimbabwe places restrictions on visitors from high risk countries

President Mnangagwa has said that travellers from ‘high risk countries' will be quarantined for 14 days before they can mingle with Zimbabweans as Zimbabwe upped efforts to stop the spread of COVID-...

By Staff reporter | Published: 18 March 2020

ZIMBABWE

Market breadth turns negative as ZSE falls further

The stock market fell further on Tuesday as the market breadth turned negative. Foreign participation remained insignificant and local liquidity remained restricted with turnover closing at $17.9m whi...

By Staff reporter | Published: 18 March 2020

ECONOMC INDICATORS

Zimstat says Zimbabwe unemployment rate at 16%

About 1.2 million people in Zimbabwe have given up on securing employment, the Zimbabwe National Statistics Agency (Zimstat) has said as it reported that the national unemployment rate stood at 16 per...

By Staff reporter | Published: 17 March 2020

ZIMBABWE

Zimbabwe shuts down main source of hard currency

Zimbabwe has suspended the transfer of local shares in dual-listed companies to foreign bourses, one of the main ways citizens and businesses have been able to obtain dollars as inflation wipes out th...

By Reuters | Published: 17 March 2020

ZIMBABWE

Bureaux De Changes to trade through a centralised system

Bureaux De Changes will be required to trade only through an online retail foreign currency platform with the trades being fed in real-time to a central monitoring server, according to new rules which...

By Staff reporter | Published: 17 March 2020
Pages:
1
2
3
4
5
6
7
8
9
...

Latest News

Latest Published Reports

Latest jobs