Tuesday, November 21, 2017
Kudzanai Sharara A block of Old Mutual Plc (OML) shares worth over $9 million changed hands on the local bourse on Monday this week. This is the biggest deal in the counter in a very long time, but the attraction has been intensified and strong for the better part of...
Mamvura’s Market Minute The jury is out on whether Delta, which makes more than half its profit out of sorghum beer, will make a success of Natbrew in Zambia. As indicated in commentary following the results, the sorghum beer market in Zambia is slightly bigger than ours at 4m hectolitres,...
Martin Kadzere SMM Holdings will soon re-open Mashava Mines, one of its asbestos mines in southern Zimbabwe, Mines and Mining Development deputy minister Fred Moyo has said. “We will start with Mashava because technically, it is easier to restart and requires less capital. It also produces the grade that...
Kudzanai Sharara Taking Stock In an economy that is generally described as under-performing, the increased dividend payouts by local companies is a reason to celebrate. But higher dividend payments could actually be a bad sign for the overall economy. In recent months, we have seen Zimbabwe Stock Exchange listed entities going...
Taurai Mangudhla Zimbabwe Stock Exchange (ZSE) listed crocodile skins and meat producer Padenga Holdings, has shelved a decision to buy back its own shares on account of a firming share price. The share buyback was meant to increase shareholder value by reducing the number of shares in circulation and in turn...
Martin Kadzere Zimbabwe’s industry requires about $200 million quarterly to import raw materials to operate optimally. The Confederation of Zimbabwe Industries, a lobby group representing local manufacturers, recently collated data on the foreign requirements from its members to determine their quarterly requirements to help the RBZ to budget for forex...
Business Writer The price of Bitcoin in Zimbabwe cannot be around the $13 000 mark as reported by a number of media outlets, according to Quartz.com. The digital news publication says the high price has only been quoted by a single Zimbabwean Bitcoin trader. Quartz said Bitcoin brokers for Zimbabwe were...
This week we return to Great Zimbabwe but asking new questions about its available natural resources and how those influenced its development . What was the population of Great Zimbabwe? Last time, we reviewed the theories on the possible size of the community that may have lived at Great Zimbabwe during its...
Some people, and perhaps many readers of Business Weekly, will be surprised that annual inflation rose to “just” 2,24 percent in October, which takes into account many of those panic price rises towards the end of September. But there is no cheating at Zimstat, the Zimbabwe National Statistics Agency. The...
Business Writer The Zimbabwe Stock Exchange recorded its biggest pull-back in more than a year yesterday as investors rushed to crystalise profits amid speculation in the wake of the current political impasse. By the close of trading the main Industrials Index had lost 7,46 percent or 39,34 points to 487,93 while...