adminFirst Capital Bank loan book rises to $622m
First Capital Bank’s RTGS loan book rose two-fold to $622 million last year, with the growth largely in the third and fourth quarters, covering the key productive sectors including agriculture,…
Blanket Mine pursues lockdown exclusion
Resources group – Caledonia Mining Corporation’s local unit, Blanket Gold Mine remains in partial operation as it awaits response from Government on its application for an exemption .
Panic buying, lockdown drives up food inflation
Sifelani Tsiko Lockdowns and coronavirus-triggered panic food buying is likely to push up prices in Zimbabwe and across the entire Southern African region already battling with a drought caused by…
Farmers seek tax exemption
Martin Kadzere Senior Business Reporter THE Zimbabwe Farmers’ Union (ZFU) is lobbying Government to exempt farmers from paying 10 percent withholding tax on produce exceeding $1 000, arguing the levy…
Gold drops
Gold traded with a mild negative bid through the early European session and dropped to multi-day lows in the last hour, albeit has still managed to hold above the $1…
US$ revenues for own use: RBZ
Corporates receiving free funds from domestic transactions are allowed to use the funds for their own use either for foreign or for domestic payments, the Reserve Bank of Zimbabwe has said.
Sasol in junk status
Embattled chemicals group Sasol, whose share has lost almost 90 percent of its value so far in 2020, was cut deeper into junk status by Moody’s Investors Service yesterday and…
‘Mini-IPO’ reform takes on new virus urgency
SHANGHAI/HONG KONG — One unforeseen outcome from the coronavirus outbreak in China is that it is speeding up capital market reform even as economic activity is gummed up by restrictions…
‘China will strike back against new US restrictions’
SHENZHEN, China — Huawei warned yesterday that 2020 would be its most difficult year yet due to American trade restrictions which dealt a blow to its overseas sales in 2019,…
Dollar surges
LONDON. – The dollar climbed against a swathe of currencies yesterday amid fiscal year-end demand by Japanese firms while the Australian dollar slipped despite a Chinese survey showing manufacturing returned…