Mystery buyer snaps up majority stake in ZB
Trading on the Zimbabwe Stock Exchange yesterday was boosted by a $1,6 billion trade in ZB Financial Holdings. A total 66 528 658 shares changed hands that means the financial … Read More
Category: Finance
Stanbic Continues With Digital Banking Agenda
Stanbic Bank continues to implement its digitization strategy as it seeks to remain in sync with the futuristic need for technological advancement as well as the dictates of the new … Read More
US$100m for Sovereign Wealth Fund
AN equivalent of US$100 million has been set aside in the National Budget to operationalise the Sovereign Wealth Fund (SWF), established about five years ago to build reserves for long … Read More
Mthuli targets US$1bn from Cannabis Levy
THE Government will next year introduce a Cannabis Levy as it angles to tap into the envisaged boom in the production of the crop in the country following the decision … Read More
Export taxes becoming more prevalent globally
South Africa has joined the bandwagon in imposing export taxes to either collect more revenue or alter the flow of goods across borders. The Customs and Excise Duty Act has … Read More
Insurers, pension funds get US-dollar premium approval
Regulations that allow insurance companies and pension funds to carry out business in foreign currency have been promulgated, a move that will help these entities hedge contributions, investments, and assets … Read More
Digesting the 2021 Budget
As expected, the 2021 National Budget was couched around the National Development Strategy (NDS) 1, which was recently launched by the Government to guide economic policy for the next five … Read More
Money supply swells
Zimbabwe’s broad money (M3) registered an annual growth rate of 552,8 percent to $153,84 billion as at end September 2020 largely due to foreign currency component of the deposits, which … Read More
‘Pension investments not reflecting true economy’
Local pension funds’ monies may not be fully contributing to Zimbabwe’s economic development insofar as their investments may not be reflecting the true nature of the economy. There tends to … Read More
Govt’s 2021 spending tight, to tax SMEs
Government is planning to spend $421 billion next year of which $390,8 billion will come from local resources, Finance and Economic Development Minister Mthuli Ncube said yesterday. Of the total … Read More
