Monday, August 20, 2018
Expects better earnings MMCZ to conduct regular sales Martin Kadzere Zimbabwe expects to sell its diamonds stockpile, by June this year, through a series of international tenders, the country’s mineral marketing agency said this week. The country has a stock pile of about 1,4 million carats in stock stored in order to improve...
Kudzanai Sharara The decision by the Reserve Bank of Zimbabwe to enhance rewards to exporters as well as give assurance of ease access to foreign currency is fantastic, banker and financial markets expert Dr Nigel Chanakira has said, but other analysts believe the central bank has no business in providing...
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...
Taurai Togarepi The country has been suffocating from cash challenges for the past few months resulting in many theories being put forward in trying to address this anomaly. There have been calls to adopt the rand, print more bond notes and introducing local currency. The President and the Reserve Bank...
Clive Mphambela The Reserve Bank of Zimbabwe finally issued the much awaited 2018 Monetary Policy Statement on Wednesday under the theme “enhancing financial stability to promote business confidence”. The market was pregnant with expectations, and the question is: Did the good governor do justice to the pertinent issues? Just so that...
Firm drained of working capital through externalisation New sands retreatment plant in false start Tinashe Makichi Gold mining group, Metallon Gold Corporation, has suspended mining operations at its Mazowe Gold Mine due to serious operational challenges. Information gathered indicates that despite announcing positive production and financial results for the past two years, the...
Enacy Mapakame Paper and packaging group Nampak Zimbabwe Limited’s turnover for the quarter to December 31, 2017 was 16 percent above comparable period prior year on firming demand especially for its beverages related packaging products. Group managing director John Van Gend said the group has benefited from growth in export orders...
Government has not yet received its 60 percent shareholding in Telecel International which it acquired from Dutch company Vimpelcom, as it has not made full payment, a Cabinet minister has said. In 2016, the government announced that it had reached an agreement with Vimpelcom to acquire its entire shareholding in...
Taurai Mangudhla Bindura Nickel Corporation says it will soon approach local banks to negotiate for $6 million funding facilities it requires to complete the reconstruction of its Trojan Nickel Smelter. Managing director Batirai Manhando said the Zimbabwe Stock Exchange listed company expected to secure the funding facilities by the end of...
Kudzai Mubaiwa Everyone knows that Zimbabwe is an agro-based nation. Agriculture and farming have been core economic activity in this nation since independence and most of our people are connected somehow to peasant farming at their rural areas, and a few fortunate ones at commercial level. Other industries depend on the...