Small miners halt operations as heavy rains cause flooding.

Business Writer Heavy rains pounding some parts of the country are reportedly causing flooding, a scenario that has forced some artisinal miners to halt operations. This could seriously affect gold…

Buffett is richer than Zuckerberg again after massive tumble in tech stock

Warren Buffett is once again richer than Mark Zuckerberg, a reminder of the enduring power of his value-investing approach.   It’s also the result of the week’s precipitous decline in…

Gold demand rebounds, but headwinds loom

Lisa Steyn   Gold demand surged last year as retail investors flocked to the safe haven asset and consumers splashed out on jewellery.   Demand for the yellow metal recovered…

Talks on Old Mutual and PPC return on ZSE in progress

Business Writer Negotiations are still ongoing for the return of Old Mutual and PPC to the market following their suspension from the local bourse in 2020, according to Zimbabwe Stock…

Mangudya calls for increased use of local currency

Business Writer RESERVE Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, says the much hyped 1:1 exchange rate era did not bring any economy growth, but just stability, arguing that…

Ariston banks on new shareholder to expand new markets

Business Writer   Agro-concern, Ariston Holdings, says the transaction that enabled the entry of a foreign shareholder into the Group will provide the company financial leeway for expansion as well…

ICAZ acting CEO Mavengere to maintain standards

Formed in 1918, the Institute of Chartered Accountants of Zimbabwe (ICAZ), has evolved to become the biggest professional accountancy organisation. Earlier this year, the Institute appointed Owen Mavengere as its…

Mangudya, analysts differ on inflation

Business Writer The country’s inflation levels remained elevated in January 2022 at a time the Reserve Bank of Zimbabwe is adamant that inflation expectations have been firmly anchored. Inflation is…

Invictus works on new initiatives in Muzarabani

Golden Sibanda INVICTUS Energy, the Australian firm searching for oil and gas in Muzarabani, says it has started several initiatives that are already positively impacting the local communities and may…

. . . slows in January, but remains elevated

Business Writer The country’s inflation levels remained elevated in January 2022 at a time the Reserve Bank of Zimbabwe is adamant that inflation expectations have been firmly anchored. Inflation is…

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