Sunday, November 18, 2018
Kudzanai Sharara Taking Stock The Confederation of Zimbabwe Industries this week held its 2018 Economic Outlook Symposium that sought to map the way forward on how businesses can tackle economic challenges that they are likely to face in 2018. In his opening remarks, CZI president Sifelani Jabangwe said the platform was...
HARARE - Australian based mining firm  Prospect Resources on Wednesday said it has raised $10 million via a  private placement of 166 million shares, which will be used to  accelerate development of its Arcadia Lithium Mine, located about 38  kilometers east of the capital, near the long established Acturus Mine  in...
HARARE – The Zimbabwe government will not introduce price controls on basic goods and commodities, but will work with stakeholders to ensure prices remain stable, a top ruling Zanu PF party official said on Wednesday. Prices of basic goods had risen sharply since the end of last year, resulting in...
South African bonds were mixed on Thursday morning as the rand lost some ground following the US Federal Reserve’s decision to keep interest rates unchanged. The US Fed was marginally more upbeat and hawkish on Wednesday. "It indicated that the economy is growing at a solid pace on the back of household spending,...
LONDON - Royal Dutch Shell could usurp its largest rival Exxon Mobil as the energy sector’s biggest cash generator after higher oil and gas prices combined with an improved performance lifted its 2017 revenue. Chief Executive Ben van Beurden has made no secret of his desire to challenge the dominance...
By Ian Scoones Agriculture is taking centre stage in plans for the revival of Zimbabwe’s ailing economy under the new leadership of Emmerson Mnangagwa. Getting agriculture moving in Zimbabwe is a big task. The radical land reform of 2000 has left many outstanding challenges; not least the importance of compensating former farm...
BH24 Reporter HARARE - Industrial holdings group, TSL Limited’s revenue for the year ended October 2017 rose 7 percent to $50 million ahead of same period last year on mixed performances across the board. Operating profit at $7 million was 24 percent above prior year levels while profit before tax jumped...
HARARE - The Zimbabwean mining sector is expecting to register a marginal increase in revenue earnings this year to $2, 5 billion from $2, 38 billion in 2017, the industry representative body has said. The Chamber of Mines of Zimbabwe (CMZ) said the increase in revenue is anticipated on the...
HARARE –The Zimbabwe government must take a bold step and commercialise all state enterprises and restrict itself to providing an enabling environment for business to prosper, an economist said on Tuesday. The government recently said it was in the process of rationalizing its over 90 state enterprises and was targeting to...
By Danny Bradlow South Africa’s Reserve Bank Governor, Lesetja Kganyago, has been selected as the first sub-Saharan African to serve as chair of the International Monetary and Finance Committee. The chair is appointed by consensus. The three-year appointment is not only an impressive personal achievement, it’s also a significant opportunity for...