Wednesday, January 16, 2019
The price of bitcoin (BTC) on local social media groups such as Whatsapp this week hit more than $19 600, about 200 percent above the global average price, as panicky investors searched for a safe haven for their wealth amid runaway price increases and a falling local currency. This means...
The problem for investors now is to find whether you are getting value from ballooning stock prices, or it’s just a false impression on performance.  As of Wednesday, the Zimbabwe Stock Exchange’s main Industrials Index was up 75,82 percent year-to-date, while the ZSE Top 10 was up 84,43 percent year-to-date....
Enacy Mapakame Selling pressure on the Zimbabwe Stock Exchange (ZSE) saw three of the bourse’s benchmark indices close the week to Wednesday in the red. In the previous week, the market had soared to record highs on the back of high demand for stocks as investors sought a safe haven of...
JOHANNESBURG - The South African rand firmed against the globally hobbled dollar early on Friday ahead of the country’s credit review announcement by ratings agency Moody’s later in the day. The rand was 0.85 percent stronger at 14.5100 per dollar at 0650 GMT, having closed in New York at 14.6350. The...
Financial technology poses risks to global economic stability, if left unchecked, the International Monetary Fund and World Bank have warned. In a policy paper released to coincide with the IMF’s annual meeting in Indonesia this week, the organisations said rapid advances in fintech are transforming the economic and financial landscape...
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...