Poverty Datum Line jumps 10,7 percent to $17 200, ZimStat report
THE Poverty Datum Line (PDL) for an average family of five rose to $17 244,07 last month, a 10,7 percent increase from the month of July rate of $15 572,85, … Read More
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Match-making international buyers with sellers – the new business norm
THE global Covid-19 pandemic has affected face-to-face business interactions between buyers and exporters, thus interrupting the traditional business model. Companies are no longer able to send their export representatives across … Read More
Inflation eases as prices stabilise, Zim-dollar strengthens
ZIMBABWE’S month-on-month inflation rate stood at 8,44 percent in August after a drastic depreciation by 27,09 percentage points on the July rate of 35,53 percent, showing that stability of the … Read More
VFEX will deal with exchange rate risk
The launch of the Victoria Falls Stock Exchange (VFEX) is meant to deal with exchange rate risk from portfolio investment into the country, Finance and Economic Development Minister Mthuli Ncube … Read More
Solid Zimdollar gains 1,2pc
The Zimbabwe dollar gained 1,2 percent on the US dollar in yesterday’s auctions to reach $81,7076 as allotments went over US$20 million for the first time to reach a record … Read More
Zisco board targets subsidiaries
THE Ziscosteel board and management have come up with a short-term revival roadmap that targets the resuscitation of the defunct steel giant’s subsidiaries. Acting board chairperson, Engineer Martin Manuhwa, revealed … Read More
Forex Auction, Zim dollar sees another week on the up. Rate at 81.7076
The Forex Auction results for 15/09/20 are in and the Zimbabwe dollar has yet again seen an upturn. This week the weighted median average is ZWL$81.7076 which is a ZWL$0.9917 … Read More
Oil drilling heralds new era
Zimbabwe’s economy is headed for exciting times ahead following the recent announcement by Invictus Energy, the Australia listed resources firm that is exploring for oil and gas in the Muzarabani, … Read More
Banks making a killing through service charges
BANKS in Zimbabwe are generating up to 90 percent of their revenue through service charges as opposed to the global norm of riding on interest rates. Despite prevailing economic challenges, … Read More
Directors’ Dealings: Mushayavanhu ups stake in FBCH
FBC Holdings Limited executive directors, John Mushayavanhu (CEO), and his deputy Trynos Kufazvineyi are buying the company’s shares again. The two senior directors bought just above 500 000 shares each … Read More
