Forex shortfalls choke miners

Oliver Kazunga A SIGNIFICANT number of large-scale mining houses, particularly those undertaking expansion projects, are hamstrung by foreign exchange shortfalls to meet their capital expenditure and operations, the Chamber of…

Interest rates kept unchanged

The South African Reserve Bank’s monetary policy committee left interest rates unchanged on Thursday — after 10 hikes in 21 months aimed at cooling inflation. Three members voted to keep…

Inflation reverberations

The post-Covid inflation surge and accompanying jump in interest rates was a global phenomenon. There were a few important exceptions, notably China and Japan, but almost all other economies experienced…

Econet fears foreign currency challenges

Michael Tome Business Writer ECONET Wireless Zimbabwe (EWZ) says it fears that foreign currency challenges will constrain its envisioned US$135 million capital expenditure programme, as the mobile network operator intends…

Zim’s US$1bn lithium plan faces setback

South Africa’s Moti Group said a Chinese company with which it planned to develop a US$1 billion lithium processing plant in Zimbabwe was halving its stake in the venture, dealing…

Termination of employment contracts

Arthur Marara The area of termination of contracts of employment remains one that is topical among Human Capital Practitioners, and employees. Just like any other contract, a contract of employment…

Care now needed when rates stabilise

There is general agreement that the main reason the price of a US dollar has been falling over the past four weeks is that the commercial banks do not have…

African superfoods to boost gut health

Incorporating African superfoods like baobab fruit powder, moringa and fonio into your diet can provide a significant boost to gut health. African superfoods have gained recognition worldwide for their exceptional…

How to behave in a bear market

Kudzanai Sharara The Zimbabwe Stock Exchange has been on a downward trajectory since the June 15, 2023. The All Share Index peaked at 187 657,43, but has since fallen to…

Unki’s performance weigh parent company

Business Writer Anglo American Platinum Limited’s local unit, Unki Mine recorded platinum group of metals (PGM) production for the second quarter to June 30, 2023 went down 11 percent to…

×
×