Tuesday, November 13, 2018
Enacy Mapakame The Zimbabwe Stock Exchange (ZSE)’s market aggregates surged in the week to Wednesday with the volume of shares traded ballooning 425 percent to 144 million shares from 27 million shares in frenzied buying as investors scramble to offload excess liquidity. Block trades in beverages giant, Delta Corporation which traded...
JOHANNESBURG - The South African rand was steady early on Wednesday, after strengthening the previous day on news that President Cyril Ramaphosa had appointed former central bank governor Tito Mboweni as finance minister. The rand was 0.03 percent stronger at 14.5500 per dollar at 0700 GMT, having closed in New...
JOHANNESBURG - South Africa’s rand retreated early on Thursday after the World Bank cut its economic growth forecast and took a dim view of President Cyril Ramaphosa’s stimulus plan. South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg,...
Kudakwashe Mhundwa HARARE - Zimbabwe should work on measures to increasing its calving rate as efforts still stand to improve the country`s national cattle herd, according to a new report from the Zimbabwe Commercial Farmers Union (ZCFU). Statistics revealed by the Union indicate that currently the country`s calving rate stands at...
JOHANNESBURG - South Africa’s rand was on the back foot on Tuesday amid weak emerging market sentiment and with investors unimpressed by an economic stimulus package announced by President Cyril Ramaphosa last week that included no new money. At 0645 GMT the rand was 0.36 percent weaker at 14.3325 per...
Walter Mswazie MASVINGO - Tourist arrivals at Great Zimbabwe Monuments continue to spike with the World Heritage Site having received 40 000 visitors since the beginning of this year. The number of visitors so far is 5 000 more compared to tourists who came to Great Zimbabwe during the same period...
Kuda Mhundwa HARARE – Tobacco production is expected to increase during the 2018 /19 season with the number of tobacco growers increasing by 47 percent on last year. Recent statistics from the Tobacco Industry Marketing Board (TIMB) indicate that 124 220 farmers have so far registered for the 2018/19 farming season...
Elita Chikwati HARARE – The Grain Marketing Board (GMB) has received 896 273 tonnes of maize and 21 750 tonnes of small grains as the parastatal   has come up with measures to ensure smooth deliveries of the grain to its depots. GMB general manager Rockie Mutenha yesterday said GMB was receiving...
JOHANNESBURG - South Africa’s rand firmed against the dollar early on Tuesday as some emerging market currencies that sold-off sharply in recent weeks regained some lost ground. At 0650 GMT the rand was 0.77 percent stronger at 15.0925 per dollar compared to a close of 15.2100 in New York. Investors remain...
JOHANNESBURG - South Africa’s rand continued to recover early on Friday as a narrowing of the current account deficit helped ease some of the shock of the economy tripping into recession, while profit-taking on the recent slump also aided the currency. At 0640 GMT the rand was 0.75 percent firmer...