Local banks dump Paynet
Ubiquity of mobile money whilst growing discomfort with cash queues will see more customers sign up for mobile financial services. ZIMBABWE banks have dumped Paynet, a subsidiary of Mauritian financial … Read More
Author: Bulls n Bears
Govt Considering Scrapping Off Import Duty On Various Goods
Govt is considering scrapping off import duty on some goods & food stuffs as a measure to lower down prices in shops. The government is reportedly considering scrapping off import … Read More
CSC Revival Efforts Gather Momentum
The government ‘s bid to revive Cold Storage Commission maybe fruitful if reports flying around are to be believed, The Government engaged Bousted Beef Zimbabwe to help in the revival … Read More
Mthuli Ncube’s dramatic new currency flip-flops
GOVERNMENT was stampeded into seeking refuge in the resurrected Zimbabwean dollar — as an emergency — as it feared losing control of the financial levers of the economy through rapid … Read More
Inflation sabotages Masimba Holdings projects
MASIMBA Holdings Ltd says inflationary pressures have forced the group to temporarily shelve some of its key projects and also slowed down the pace of execution on other projects as … Read More
US$ ban piles pressure on employers
The government should channel its entire surplus towards cushioning workers in the face of rising costs and declining incomes, economist Ashok Chakravarti has said. In a wide-ranging interview with Standardbusiness … Read More
3 planes disappear at Air Zimbabwe
The national Airline Air Zimbabwe has failed to account for 3 planes the Daily News on Sunday has reported. The aircrafts which have disappeared are MA60. The Auditor General Mildred … Read More
Agribank weighed down by foreign debt
STATE-owned Agribank says it is struggling to pay up to $30 million in loans secured from South Africa-based Industrial Development Corporation (IDC) due to foreign currency shortages. Agribank CEO Sam … Read More
IPEC’s new boss buoyant
The newly-appointed Insurance and Pensions Commission (IPEC) commissioner Grace Muradzikwa says Zimbabwe’s insurance industry has shown resilience despite the economic turbulence. Muradzikwa (GM), an insurance industry veteran, told our business … Read More
ZSE records gains in inflationary environment
The Zimbabwe Stock Exchange (ZSE) climbed significantly during an eventful six months ended June 28 2019. At a time when inflation has been creeping up, equity gauges saw double-digit gains … Read More
