Wednesday, November 22, 2017
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...
Business Writers The Reserve Bank of Zimbabwe (RBZ) is set to introduce a new $300 million export incentive facility at the end of this month, as it accelerates efforts of generating the much-needed foreign currency. The $300 million facility, which will come in the form of bond notes, has been arranged...
Golden Sibanda Zimbabwe has secured permission from Sadc to apply for special derogation (exemption) to defer compliance with some of the regional body’s trade rules, which requires it to phasedown prescribed tariffs on members’ exports, as it still needs to address policy, health and safety issues on the products. This...
Business Writer Gold miners – both large and small-scale – have raked in almost $31 million from the export incentive introduced by the Reserve Bank of Zimbabwe (RBZ) in May last year,latest statistics show. RBZ Governor Dr John Mangudya, announced an export incentive of 2,5 percent and 5 percent for small-scale...
OK Zimbabwe’s revenue for the half year period to 30 September 2017 increased 22.6 percent to $268 million compared to $218.6 million same period boosted by additional stores and the panic buying witnessed in September. Chief executive officer Alex Siyavora told an analyst briefing that additional stores opened during the...
Tawanda Musarurwa Zimbabwe expects to get over $81 million from its first diamond auction since it began a deliberate policy to stock pile produce for auctioning at the appropriate time.According to Mines and Mining Development permanent secretary Munesushe Munodawafa, the Zimbabwe Consolidate Diamond Company has been stocking up on gems...
Business Writer Zimbabwe is expected to close the year with a budget deficit of $1.82 billion as the government struggles to rein in its expenditure, Finance and Economic DevelopmentMinister Dr Ignatius Chombo has said. Dr Chombo, who was thrown into the hot seat of finance in last month’s cabinet reshuffle, is...
Business Writer The shortage in the supply of table eggs is expected to ease by Christmas this year. The country has been experiencing a shortage table eggs following the outbreak of bird fluthat hit one of the country’s biggest poultry producers Irvine’s. The outbreak saw Irvine’s culling approximately 835 000...
Business Writer The challenging operating environment has meant businesses have had to be innovative and come up with products that meet the needs and pockets of the constrained consumer. Business models have had to be changed while new products have been introduced as producers and manufacturers come up with lower-priced...
Kudzanai Sharara Zimbabwe risks missing out on its diaspora remittances targets for 2017 as the country has only received $540 million for the 10 months period to October, official figures from theReserve Bank of Zimbabwe (RBZ) have revealed. The RBZ is projecting diaspora remittances for 2017, excluding money that comes...