Wednesday, December 19, 2018
Victor Bhoroma Taxation is one of the fundamental policies at the hands of every government in the world. It can stimulate economic growth through giving profit incentives to business or slow down economic growth (unintentionally, in most cases). Taxation has been a thorny issue for nearly 20 years in Zimbabwe due...
NEW YORK - Last March, executives at General Electric Co’s power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new natural gas power plants, they said, GE Power’s revenue and profit would rise. Showing data from financial firm Lazard and other sources, their...
By Frik Els Volatility has not only returned to equity markets. Gold on Tuesday suffered its worst trading day since December 2016 according to MarketWatch. A week ago the price of gold gained the most since financial markets were shocked by Britain voting to leave the European Union in June 2016. The...
By Thomas Daum & Regina Birner Mechanisation of agricultural has become a priority across many African countries as the continent gears up to exploit its well recognised potential to become the world’s food basket. This comes on the back of the fact that African farming systems remain the least mechanised of all...
By Anthoni van Nieuwkerk Times of political transition bring turmoil and uncertainty. But if the country’s national security is not threatened, minds can focus on what an incoming administration should do to proceed with the business of governance. This should be in the minds of South Africans as the country...
By Frik Els Gold on Wednesday enjoyed its best trading day since June 24, 2016 when financial markets were shocked by Britain voting to leave the European Union. The most active gold futures contract on the Comex market in New York touched a high of $1,358.60 an ounce in midday trade, up more...
By Anne Goldgar Right now, it’s Bitcoin. But in the past we’ve had dotcom stocks, the 1929 crash, 19th-century railways and the South Sea Bubble of 1720. All these were compared by contemporaries to “tulip mania”, the Dutch financial craze for tulip bulbs in the 1630s. Bitcoin, according some sceptics,...
By Alice de Jonge In 2017, we saw the consolidation of China’s power and influence globally, and of Communist Party leader Xi Jinping’s power nationally. This year, the party will try to use this to tackle some of its biggest economic hurdles such as financial risk, environmental pollution and maintaining...
By Frik Els On Thursday gold lifted from the 2018 low the metal struck yesterday, exchanging hands for $1,320.40 near the close of trading. Despite recent weakness gold is still up by $75 an ounce since mid-December after large-scale speculators increased their exposure to gold on derivatives markets for the seventh week...
Victor Bhoroma For the past three years, remittances from Zimbabweans living abroad have been averaging $1 billion. This figure only accounts for funds sent home through official banking channels, as such the figure may be less than 70 percent of the actual remittances into our nation as some funds are...