Wednesday, January 16, 2019
LONDON - The dollar hovered near a 10-week high on Friday as investors waited to see if U.S. economic growth figures do anything to interrupt its months of strength. Donald Trump has expressed displeasure over the dollar’s strength, defying a custom that U.S. presidents avoid openly interfering in financial markets. Traders...
Enacy Mapakame A bearish sentiment persisted on the Zimbabwe Stock Exchange (ZSE) as three of the market’s indicators closed the week pointing southwards.In the week to Wednesday, the ZSE total market capitalisation let go of a hefty 9,5 percent or nearly $2 billion or to close pegged at $17,9 billion...
. . . but ZSE has other ideas If all you looked at is the performance of Zimbabwe Stock Exchange-listed stocks in October, there would seem there's nothing much to worry about. All indices pointed north, with the ZSE Top 10 index the top performer, having recorded a 42,41 percent gain....
Sub Saharan Africa set a new record for a third consecutive year, carrying out 107 reforms in the past year to improve the ease of doing business for domestic small and medium enterprises, says the World Bank Group’s Doing Business 2019: Training for Reform report, released on Wednesday.The latest...
Enacy Mapakame Stocks traded mixed closing the week to Wednesday with marginal gains as three of the four indices closed in the positive reversing prior week’s losses. This comes amid the suspension of Statutory Instrument 122 of 2017 to allow companies and individuals with offshore and free funds to import basic...
Taking Stock Kudzanai Sharara This month and probably the previous one was not Zimbabwe’s finest — by any means. From over-pricing madness to crippling shortages, from the 2 cents tax to corruption allegations levelled against senior RBZ officials, the market has had many things to digest. Then the latest one, the indefinite repeal...
Tawanda Musarurwa Capital markets can be facile targets as vehicles for money laundering because they are typically a subset of the broader market. That is, it is a part of the financial system where funds are mobilised and channelled to productive sectors of the economy (the broader market). For one thing, dirty...
Jeffrey Gogo When the history of anarchism in global economics is written, bitcoin will have a special chapter. Started by a shadowy individual (or group) known as Satoshi Nakamoto in 2009, as the world went through its worst financial crisis since the Great Depression, bitcoin, the world’s first decentralised currency, has...
Around the world, researchers estimate that about 8 million tonnes of plastic waste leak from land into the sea each year Prince Djabea (15) stamps on a plastic bottle as if squashing a cockroach, then using the heel of his other foot, flicks the bottle cap through the air with...
The fortunes of Lesotho, Namibia, and Eswatini, formerly known as Swaziland, are beholden to  developments in their larger neighbour with their exchange rates pegged to the rand, the worst-performing major currency against the dollar this year. The three nations, together with Botswana, also derive revenue from a customs-sharing pool...