Monday, July 16, 2018
Jeffrey Gogo In Zimbabwe things financial tend to catch-on rather slowly. But when they do, they do so with a bang. And then as quickly as they emerged, die out unnoticed. Think about the mania over Zvihuta, Matapiri emusaki, Ayini dzesimbi etc! It is a common social trait of the...
Investments are never the same, and knowing about them, why one needs to invest, what to invest in, when to invest and how much to invest are questions that are frequently asked. We continue from last week where we endeavour to answer some of those questions that will fill...
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...
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...
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...
--- Industry strategy seeks to grow hectarage by 2 000ha --- To generate $25 million export earnings Business Writer --- Zimbabwe’s coffee industry requires at least $65 million to boost production mainly by small scale farmers, according to the sector’s five year development draft strategy. At least 4 700 hectares would be planted...
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,...
Kudzanai Sharara Government has granted prescribed asset status to Afreximbank’s Depository Receipts worth $300 million. The depositary receipts (DR), which will be listed on the Stock Exchange of Mauritius and is being managed by SBM Asset Mangers as lead arranger, opens Afreximbank’s shareholding to the investing public, including Zimbabwean investors, and...
A business (also known as an enterprise, a company or a firm) is an organizational entity involved in the provision of goods and services to consumers.Businesses serve as a form of economic activity, and are prevalent in capitalist economies, where most of them are privately owned and provide goods...
LIQUEFIED petroleum gas imports jumped 67 percent between January and June this year, indicating growth in the use of alternative heating energy compared to electricity, statistics from Zimbabwe Energy Regulatory Authority show. Zera chief executive officer Engineer Gloria Magombo told The Herald Business by email that LPG imports increased to...