Truworths extends results publication
Listed clothing retailer, Truworths, has been granted the nod to extend publication of its half year financial results for the period to January 08, 2023. The financial results that were … Read More
Category: Foreign Exchange
Bilboes acquisition bolsters Caledonia operations
THE completion of the acquisition of Bilboes Gold Limited by Caledonia Mining Corporation, which owns Blanket Gold Mine in Matabeleland South, has consolidated the company’s expansion drive with production at … Read More
Forex auction current, but backlog yet to be cleared
THE Reserve Bank of Zimbabwe (RBZ) is now current in payment of all foreign currency allotments at the auction with a weekly average of US$25 million being availed for allotment, … Read More
Business reiterates call to clear auction backlog
BUSINESS leaders have implored authorities to prioritise clearing the foreign currency auction allotments backlog they say continues to stifle production in the economy. Last year, the manufacturing sector recorded 56,25 … Read More
Forex auction backlog: RBZ misses target
The Reserve Bank of Zimbabwe is working “frantically” to clear the foreign currency auction backlog running into tens of million, but has missed end of May target set by President … Read More
Auction rate reaches $258
The auction rate, the weighted average of successful bids on the Reserve Bank of Zimbabwe foreign currency auction for productive businesses, fell from $173,2685 to the US dollar last week … Read More
Zim dollar plunges 49% at the RBZ forex auction system
THE official exchange rate this week plunged 48,9% on the Reserve Bank of Zimbabwe foreign exchange auction, suffering a huge decline since the establishment of the platform. A trading update … Read More
Forex auction allots US$107 million
The Reserve Bank of Zimbabwe (RBZ) says a total of US$107,8 million was allocated to companies under the foreign exchange auction system in April. The auction system was established in … Read More
MPC interest rate decision threatens forex auction system
Since the start of the Russia-Ukraine conflict we have seen an increase in global inflation which has resulted in a rise in prices the world over. The conflict has directly … Read More
RBZ releases US$100m to clear auction backlog
THE Reserve Bank of Zimbabwe (RBZ) has released US$100 million to clear the backlog of foreign currency allocations at the RBZ’s weekly auctions, Governor Dr John Mangudya said. The central … Read More
