Gold edges higher as policy outlook weighed against Omicron

Bloomberg Gold edged higher after its best week in two months as traders weigh the outlook for monetary policy against the threat posed by a fresh coronavirus wave in the…

The cost of a new car won’t be dropping anytime soon

Bloomberg Last year’s record-high car prices won’t be dropping soon. In December, the average price of a new vehicle in the US hit US$47 077, up 14 percent (US$5,742), compared…

‘It’s out of our control’: Eskom fights for 20.5% hike in April

Fin24 Eskom defended its proposed 20.5 percent tariff increase for 2022/23 on Monday, arguing that most of the cost increase was driven by two factors outside of its control: the…

EU replaces Southern Africa travel ban with testing requirements

European Union member states have agreed to lift the air travel ban on southern African countries, which will allow more travel to resume.   The decision lifts the so-called emergency…

Trade deficit narrows in November

Business Reporter   Zimbabwe recorded a trade deficit of just US$36 million in the month of November 2021, latest figures released by Zimbabwe National Statistics Agency last week show. This…

As condom sales slump, world’s biggest producer starts making gloves

The world’s largest maker of condoms hasn’t been spared from the coronavirus pandemic as the use of its products slumped as much as 40 percent in the last two years.…

Zim records sharp drop in visitors

Sandra Maziwisa and Panashe Nyamudeza   Zimbabwe recorded a 77 percent drop in visitors for the year 2020 largely as a result of the outbreak of the Covid- 19 pandemic…

Investors pour $179 mln in Old Mutual ETF in 2021

Michael Tome   The Old Mutual Top 10 Exchange Traded Fund (ETF), which was listed last year, closed its first trading year valued at $632 million. This represented a yearly…

Bindura Nickel banks on higher nickel prices

Tapiwanashe Mangwiro   Bindura Nickel Corporation (BNC), says it anticipates nickel prices to continue to firm up in the current year, helping the company move to a better trajectory under…

Factors influencing the rand this year and the potential outcomes

The rand ended 2021 on the back foot, after the Omicron announcement and subsequent global kneejerk reaction of isolation and red-listing the country. And while the currency did claw back…

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