Wednesday, November 22, 2017
Taurai Mangudhla Zimbabwe Stock Exchange (ZSE) listed crocodile skins and meat producer Padenga Holdings, has shelved a decision to buy back its own shares on account of a firming share price. The share buyback was meant to increase shareholder value by reducing the number of shares in circulation and in turn...
Martin Kadzere Zimbabwe’s industry requires about $200 million quarterly to import raw materials to operate optimally. The Confederation of Zimbabwe Industries, a lobby group representing local manufacturers, recently collated data on the foreign requirements from its members to determine their quarterly requirements to help the RBZ to budget for forex...
Business Writer The price of Bitcoin in Zimbabwe cannot be around the $13 000 mark as reported by a number of media outlets, according to Quartz.com. The digital news publication says the high price has only been quoted by a single Zimbabwean Bitcoin trader. Quartz said Bitcoin brokers for Zimbabwe were...
This week we return to Great Zimbabwe but asking new questions about its available natural resources and how those influenced its development . What was the population of Great Zimbabwe? Last time, we reviewed the theories on the possible size of the community that may have lived at Great Zimbabwe during its...
Some people, and perhaps many readers of Business Weekly, will be surprised that annual inflation rose to “just” 2,24 percent in October, which takes into account many of those panic price rises towards the end of September. But there is no cheating at Zimstat, the Zimbabwe National Statistics Agency. The...
Business Writer The Zimbabwe Stock Exchange recorded its biggest pull-back in more than a year yesterday as investors rushed to crystalise profits amid speculation in the wake of the current political impasse. By the close of trading the main Industrials Index had lost 7,46 percent or 39,34 points to 487,93 while...
Chris Chenga There is a theory of a multiplier effect, where policy interventions have respective levels of reverberating influence across an economy. Policy interventions can be varied. Commonly, a multiplier effect was often in reference to the increase in aggregate demand arising from any new injection of spending into...
Excerpts from the preface by R. Ramakumar for the upcoming book “Note-Bandi: Demonetisation and India’s Elusive Chase for Black Money”. “Demonetisation” — the withdrawal of legal tender status of notes of denomination Rs 500 and Rs 1 000 — announced by India’s Prime Minister Narendra Modi over a televised address...
Tinashe Mukogo and Musekiwa Samuriwo Over the last series of articles, we have looked at the inherent advantages that exist for the African entrepreneur operating in the African Context. We looked at the benefits of obvious problems, the home-field advantage and the opportunities that exist in the massively underserved markets...
Kudzai M. Mbaiwa The task of raising capital is certainly one of the toughest things any entrepreneur will experience. However, there are many approaches to raising capital and if any one method fails the business owner of today has options. In the digital age, information can more easily be accessed...