Thursday, July 19, 2018
The Zimbabwe Stock Exchange benchmark Industrials Index closed the week 4,22 percent softer due to losses in most heavyweights with Seed Co and Econet both falling by more than 14 percent over the week. Barclays, Innscor, BAT and Delta also declined over the week on low value trades. The Industrials...
Mamvura’s Market Minute The RBZ governor is on record for saying that manufacturers are “cry babies” when it comes to forex. But what Dr Mangudya was probably trying to say is that for the forex demanded by manufacturers, the forex returned in the form of a manufactured good does not...
Taurai Mangudhla Micro-finance Enterprise Untu Capital (Untu) on Wednesday said the $5 million mobile debt instrument due is expected to change the face of Zimbabwe’s capital markets by casting the net wider to the low income earners. Investors across the world are able to lend money to Untu and get an...
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...
--- 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...
Mamvura’s Market Minute --- It’s not often that Mamvura experiences schadenfreude, but watching Old Mutual drop in the wake of “Operation Restore Legacy” (ORL) was sheer delight, especially when you think about all the fools who bought at a 560 percent premium, when the currency had not moved by nearly...
Jeffrey Gogo --- State pension fund NSSA will consider moving money into bitcoin in the future, but will be cautious about it when it decides to do so, says board chairman Robin Vela. “The reality is that more and more people are now moving into the digital age, looking for alternative...
Africa Moyo --- Government’s efforts to reduce bottlenecks impacting on the export business under the Rapid Results Initiative (RRI), have gained fresh impetus after the appointment of a taskforce to monitor the implementation of the identified 22 statutory reforms. The reforms are being undertaken under the Rapid Results Initiative (RRI), which...
Africa Moyo Zimbabwe is this year is heading towards breaking its 18-year record of the highest ever gold output of 27,1 tonnes, spurred by a sterling performance by small-scale and artisanal miners. This year’s target is 27 tonnes of gold. A remarkable turnaround in gold production by artisanal miners particularly from June,...
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...