Take auction as step to market rate: CZI

THE foreign exchange auction system should be regarded only as a transitional means to a market based exchange rate regime, the Confederation of Zimbabwe Industries (CZI) said, as part of recommended proposals from its research findings.

‘Opportunities laden in luxury property market’

Although the Covid-19 pandemic has had significant negative impacts on the local property sector, especially on office and commercial spaces, there are growing opportunities in the luxury real estate space.

Consumer spending to remain under pressure

Consumer spending in the country is likely to remain under pressure this year as the combined effects of Covid-19, inflation and a tight fiscal policy weigh on discretionary spending, say analysts at IH Securities.

Soul Jah Love a hero in his own right

Bongani Ndlovu, Showbiz Correspondent SOUL Jah Love was conferred Liberation Hero status because he was a hero in his own right and the status befits his immense contribution to the…

Nampak outlines US$66,8m debt plan

PAPER and packaging firm, Nampak Zimbabwe Limited, says it will next month start paying in tranches a US$66,8 million it owes foreign creditors.

US$795m allotted to industry to date: RBZ

Oliver Kazunga, Senior Business Reporter A TOTAL of US$795 million has been allotted to the productive sector since the introduction of the weekly Foreign Currency Auction Trading System in June…

Caledonia targets 37pc growth

Caledonia Corporation says its new central shaft at Blanket Mine, will result in a 37 percent increase in production by 2022 while at the same time extending mine life to 2034.

Japan eyes Olympics

Japan launched its coronavirus vaccination campaign on Wednesday, months after other major economies started giving shots and amid questions about whether the drive would reach enough people quickly enough to save a Summer Olympics already delayed by the pandemic.

Why Zim needs to resolve debt crisis

Last week Finance and Economic Development Minister Mthuli Ncube gazetted details of the loans that the Government, through the Reserve Bank of Zimbabwe has been accumulating from the African Export–Import Bank (Afreximbank) since 2017.

FC Platinum captain confident

Ricky Zililo, Senior Sports Reporter FC PLATINUM captain and veteran goalkeeper Petros Mhari is confident his team can overturn the 1-0 Caf Confederation Cup first-leg playoff loss they suffered at…

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