Thursday, December 14, 2017
Singapore. — Gold prices hold largely steady after marking a near three-week high in the previous session, while palladium remains close to a more than 16-year peak. Gold prices held largely steady yesterday after marking a near three-week high in the previous session, while palladium remained close to a...
Business Writer The Zimbabwe Stock Exchange clocked 15 billion market capitalisation this week as stocks continued their upward trend week-on-week after it added 1,31 percent for the week toWednesday November 8, 2017. The Industrials Index closed at 530,08. Delta cemented its position as the most valuable company on the ZSE...
Jeffrey Gogo Investors on the Harare-based virtual money exchange Golix.io are to receive hundreds of thousands of dollars equivalent to their bitcoin for free after the currency split again for the second time in three months, officials say. The latest “hard fork” of October 24 created a new cryptocurrency called bitcoin...
Mamvura’s Market Minute Next Tuesday, November 14, marks the 20th anniversary of Black Friday, the start of the economic downturn which has lasted for the better part of the last two decades. As indicated in today’s Business Weekly Briefing, the event was almost certain precipitated by London’s refusal to fund...
Kudzanai Sharara The Zimbabwe Stock Exchange recorded its biggest monthly turnover since dollarisation after the October 2017 turnover breached the monthly record turnover achieved in September 2017. Turnover for the month of October amounted to $168,8 million. The previous highest was $89,8 million recorded in September 2017 and before that,...
Art managed to recover to its January 1 level on Friday (only to lose it again on Wednesday), meaning there was only one counter in the minus on a year-to-date RTG. The prospects don’t look good either following NSSA’s purchase of FML’s stake at the beginning of October. Certainly this...
Yesterday (October 19) was the 30th anniversary of Black Monday — when Wall Street recorded its largest fall (22,61 percent) since the Great Depression. As with almost every major historical milestone to effect global financial markets since, this event zero impact on the ZSE, which was at the time...
Golden Sibanda Zimbabwe will proceed with plans to levy 15 percent on raw platinum exports starting next year, if producers fail to comply with Government policy and directive for miners to build beneficiation facilities. Mines and Mining Development Minister Walter Chidhakwa said in an interview Government had no plans to...
June reporting season was not anything far from the general analysts’ forecasts. Earnings were weaker across most companies due to volume declines and/or reduction in average selling prices. The operating environment remained challenging, with the severity of foreign currency shortages felt over the period. Consumer disposable income remained low, cash...
Johannesburg. — Advances in electric vehicles powered by batteries will have a "devastating impact" on palladium in the future, but in the meantime the metal is experiencing a rare moment of being more expensive than platinum. But that raises its own risks. In the latest Commodities Compendium from Macquarie Research,...