No going back on de-dollarisation: RBZ

The Zimbabwe government on  Wednesday insisted that the country was not re-dollarising despite  continued use of the US dollar in the economy and expressed confidence  that full de-dollarisation would be achieved in five years.

ZSE, HRE in receivables financing JV

The local bourse is forging ahead with moves to broaden Zimbabwe’s capital markets, with the latest joint venture (JV) agreement between the Zimbabwe Stock Exchange (ZSE) and Harare Receivables Exchange (Private) Limited (HRE) setting the pace for the setting up of a receivables financing platform.

To stop a tech apocalypse we need ethics and the arts

If recent television shows are anything to go by, we’re a little concerned about the consequences of technological development. Dystopian narratives abound.

Banks at risk of losing billions of dollars in fee-based revenues: study

NEW YORK – Major banks are at risk of losing billions of dollars of fee-based retail revenue as they face increased regulatory pressure and growing competition from new entrants offering no-fee services, Accenture Plc said on Wednesday.

Rand retreats as coronavirus worries weigh

JOHANNESBURG – South Africa’s rand weakened early on Wednesday as another bout of risk aversion dragged emerging market currencies lower, with investors fretting over the economic impact of the coronavirus and opting to move money to safe-haven assets.

Exchange losses hit on Border Timbers’ HY 2019 profits

Forestry and saw milling firm,  Border Timbers said on Tuesday exchange losses of up to $46.8 million  hit on its financial performance for the half year ending December 2019,  resulting in net profit slumping to $0.8 million from $3.1 million in  the comparative period the previous year.

Resume elephant sales, ivory exports: Parly

Zimbabwe needs to expedite it resumption of elephant sales and ivory exports as this will benefit enhance ongoing conservation programmes as well as boost the wider economy.

New minimum capital requirements for insurers take effect

Government has effected the new minimum capital requirements for insurance companies through the promulgation of Statutory Instrument 59 of 2020.

Zim eyes regional transport hub status

Government says it is determined to develop a sound infrastructure base which can spur economic growth while reiterating its desire to emerge as the regional transport hub.

These three firms own corporate America

A fundamental change is underway in stock market investing, and the spin-off effects are poised to dramatically impact corporate America.

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