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- businessweekly
- June 15, 2020
- 77 views
It’s not about currency but stability, Mthuli
The raging currency debate that for long has occupied the economic discourse in Zimbabwe, should not be about having the Zimbabwe dollar in circulation, but on how to keep it stable, Finance and Economic Development Minister Mthuli Ncube has said.
Communal farmers dominate crop production
COMMUNAL farmers have delivered the bulk of the tobacco marketed so far, while the Second Round Crop and Livestock Assessment report has indicated that they will also score the highest maize yields from the 2019/20 summer cropping season.
- businessweekly
- June 15, 2020
- 58 views
2) ZSE unfazed by proposed mergers and delistings
The proposed mergers of African Sun and Dawn Properties as well as that of Zimre Holdings Limited and Zimre Property Investments is what capital markets are all about but should also act as a catalyst for the Zimbabwe Stock Exchange to get more listings on board as well as introduce more products, an official with the local bourse has said.
- businessweekly
- June 15, 2020
- 20 views
Covid-19 knocks exports to lowest in 3 years
The coronavirus pandemic knocked the country’s monthly exports to their lowest since January 2017 or before, latest statistics from Zimstat show.
Details of informal sector, churches exemptions spelt out
Informal traders registered with a local authority for the purposes of paying presumptive taxes or who pay rent on premises for carrying out their operations are now deemed to be in the formal sector and so exempted from lockdown regulations, while churches can now congregate on set conditions, under recently gazetted amendments.
- businessweekly
- June 15, 2020
- 75 views
Gvt backs Gwanda solar financing plan
ENERGY and Power Development Minister Fortune Chasi says Government cannot afford the luxury of endless legal wrangles relating to the Gwanda solar project in the face of a new financing plan that he believes can help reduce chronic power deficits.
Covid-19 strain in Africa weak — experts
COVID-19 might not affect people in the African continent in the same manner it has hit Europe and Asia, but this is not an excuse for people to relax adherence to stipulated preventive guidelines.
Zupco fleet boost for residents
THE new fleet of Zupco buses launched by President Mnangagwa on Friday at Chinhoyi University of Technology (CUT) will go a long way in driving the Vision 2030 agenda, while at the same time protecting passengers from unscrupulous transporters.
- businessweekly
- June 15, 2020
- 60 views
Currency weakness puts Zimbabwe on edge
It’s hard to ignore current affairs when you are an economist, so this week with everyone’s eyes firmly on the exchange rate it’s only fitting that we try and understand what has gotten us to where we are as an economy. Why is inflation, the major route cause of currency weakness sitting at 765 percent and showing no signs of relenting judging by the continued rise in the price of products and services in the economy? What has gone wrong and why are we seeing this pressure on the currency now? As far back as February 2020, there were already strong indications that the Zimbabwe dollar would weaken further.
- businessweekly
- June 15, 2020
- 51 views
U.S. Fed keeps interest rates near zero, sees no rate change through 2022
WASHINGTON — The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero amid mounting fallout from the COVID-19-induced recession, and projected…