It is a literal portrayal of how Zimbabwe's foreign currency shortages are keeping investors away. Brokers on the Zimbabwe Stock Exchange (ZSE) are failing to access the market’s automated trading platform after the software supplier withdrew support services due to...
SUGAR exports from Zimbabwe to the United States and regional markets declined 62 percent in the year ended March 2018, due to decreased production and increased local demand, industry giant Tongaat Hulett has reported. South Africa’s Tongaat Hulett dominates Zimbabwe’s...
AFTER his surprise appointment last month, Finance Minister Mthuli Ncube arrived at a Treasury which had just put out a grim first half report showing a $1.34 billion budget deficit, domestic debt approaching $10 billion, an unrelenting Treasury Bill...
THE government’s Industrial Development Corporation (IDCZ) has invited bids for Chemplex Corporation, the country’s largest chemical and fertilizer maker, in line with plans announced earlier this year. The IDC has engaged Ernst & Young to advise on the dilution of...
As Zimbabwe’s farmers head to the fields to plant, the country is facing yet another dry growing season, meteorologists predict. But that has not persuaded Sikhathele Sibanda to grow something besides thirsty maize, despite government urging. Drought-hardy grains such as sorghum...
EACH time Tendai Biti gets up to address an MDC Alliance rally, he is greeted with ‘USA! USA!’ chants. This adulation is not for America, but its coveted currency. Biti, Zimbabwe’s finance minister between February 2009 and June 2013,...
TURNALL Holdings reported its biggest half-year profit since dollarisation in the first half of 2018, driven by strong volume growth and an unlikely upswing in construction activity in the country. The company reported $1.4 million net profit, from a $295,000...
By Fitch Solutions Key View: The election of Emmerson Mnangagwa as President of Zimbabwe presents growing upside risks to growth in the country's mining industry over the coming years. However, we are holding off on revising the country's production forecasts...
THE Confederation of Zimbabwe Industries (CZI), the country’s main business representative body, has come out in support of government’s 2% tax on electronic payments after initially opposing the unpopular revenue measure. The tax, announced by Finance Minister Mthuli Ncube on...
GOVERNMENT has scrambled to fund wheat imports and avert a bread shortage after a dire warning by millers that stocks could run out in the next few days. Grain Millers Association of Zimbabwe (GMAZ) chairman Tafadzwa Musarara told reporters on...
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