daniel chigunwe
- businessweekly
- May 23, 2023
- 73 views
Zim dollar tumbles 34 percent on official auction system
Business Writer The Zimbabwe dollar weakened by approximately 34 percent on Friday, its biggest fall in months following the decision by authorities to implement a “pure” Dutch auction system. Following…
- businessweekly
- May 23, 2023
- 74 views
Border Timbers pushes for recapitalization
Business Writer Listed timber producer Border Timbers in its trading update for the nine months to March 31, 2023 said it is still pushing for the recapitalization of its operations…
- businessweekly
- May 23, 2023
- 211 views
NSSA forensic audit complete
Business Writer A forensic audit of the National Social Security Authority(NSSA) by AMG Global has been completed, a senior official has said. The audit covers a lot of aspects including…
- businessweekly
- May 23, 2023
- 443 views
Liquid Intelligent Technologies Drives Digital Empowerment in Zimbabwe
Enacy Mapakame As the world becomes more interconnected and transforming into one global community, digital transformation from grassroots becomes a key enabler to economic growth and societal advancement, which Zimbabwe…
- businessweekly
- May 23, 2023
- 62 views
Fed’s Bullard sees two more interest-rate hikes needed in 2023 to cool prices
Bloomberg Federal Reserve Bank of St. Louis President James Bullard said he expects the central bank will need to raise interest rates twice more this year to quell inflation. “I…
- businessweekly
- May 23, 2023
- 64 views
Deutsche Bank strategists recommend buying ‘extremely cheap’ SA bonds
Bloomberg Deutsche Bank AG strategists recommend buying South African government bonds after a selloff that drove yields to near the record highs seen during the pandemic. Valuations are now “extremely…
- businessweekly
- May 23, 2023
- 53 views
Rand firms on bets of large Sarb rate hike, credit rating unchanged
Reuters The rand strengthened on Monday amid relief that South Africa’s credit rating was not downgraded and bets on a large interest rate hike, with a central bank announcement the…
- businessweekly
- May 23, 2023
- 64 views
Lagarde trusts in US common sense to avert catastrophic default
Bloomberg European Central Bank President Christine Lagarde appealed to US politicians to resolve their standoff over the debt ceiling. “If the United States was to default on its debt it…
- businessweekly
- May 22, 2023
- 65 views
Analysts warn of economic meltdown as businesses resist stabilisation measures
Michael Tome Some analysts have warned of a “sharper” economic slowdown following the recent measures put in place by Government meant to stabilise the economy already threatened by massive depreciation…
- businessweekly
- May 22, 2023
- 73 views
Govt spending spurs demand for construction inputs
Business Writer Government spending on construction has markedly increased in the past few years, some industry players said, giving the already booming sector an additional impetus. Over the past four…