Monday, July 16, 2018
Jeffrey Gogo It’s been a dramatic past few weeks for the cryptocurrency sphere in Zimbabwe, particularly for the country’s first and biggest digital money exchange Golix. A surprise hard-line position from the Reserve Bank of Zimbabwe (RBZ) banning cryptocurrencies led to a chain of fractious events — the shutting down and...
HARARE - The All Share index closed the week on a higher note after putting a strong 1.69 points (or 1, 56 percent) to close at 109.99. Beverage giant Delta Corporation went up by $0, 0600 to trade at $2, 1300, while telecoms giant Econet gained $0, 0512 to close...
HARARE – The local bourse’s All Share index opened the week lower at 105.05 after losing 0.22 points as Hippo Valley led the losers with a $0, 2300 loss to close at $1, 4000, while cement producer PPC shed $0, 0499 to end at $1, 5500 and Old Mutual...
Kudzanai Sharara The dramatic events that took place in 2017 coupled with the significant shift towards electronic based payment systems have made it very difficult for analysts and investors alike to really figure out how real and sustainable latest results from Delta Corporation and OK Zimbabwe are. Is the growth in...
Jeffrey Gogo We hazard a thought to the events that could have led to the Reserve Bank of Zimbabwe’s dramatic move on cryptocurrencies. On May 11, Golix presented it’s case for a $35,8 million token sale, the RBZ turned it down, but the digital currency exchange insisted on going ahead with...
Move not sustainable Value of income to weaken further Budget deficit could spiral At the heart of the Zimbabwe’s economic challenges is an unsustainable budget deficit, whose financing through issuance of Treasury Bills and recourse to the overdraft with the Reserve Bank is untenable. This is according to Finance and Economic Planning...
London: The dollar took a breather at a five-month high on Thursday, though government borrowing costs continued to grind upwards as oil prices hit their highest since 2014 at almost $80 a barrel. Ten-year U.S. government Treasury yields, which are a key driver of global borrowing costs, neared a 7-year...
By Enacy Mapakame Zimbabwean stocks continued with their rally this week, boosted by hopes of rapid economic recovery post election. The ZSE All Share Index climbed 1, 54 percent to 104 level in the week to Wednesday,  as the Industrials Index rose 1, 4 percent to 348 level on the back...
HARARE - The Zimbabwe Stock Exchange’s All Share index’s bullish trend continued at it ended 0.38 points higher at 104.25 on the back of heavyweight gains. Seed producer SeedCo added $0, 0846, while cement producer PPC put on $0, 0775 to close at $1, 2000 and Old Mutual continued its...
HARARE – The ZSE’s All Share index opened the week on a higher note after adding 0.63 points to close at 103.87 as Old Mutual traded $0, 1893 higher at $7, 0085, while SeedCo added $0, 1015 to trade at $2, 1499 and Padenga increased by $0, 0400 to...