Gold sector looking for US$1 bln, but that money can’t be found locally

Business Writer The local financial market has limited capacity to finance huge capital requirements needed in the gold-producing industry,  according to Chamber of Mines Zimbabwe (CoMZ) Chief Executive Officer Isaac…

Policy adjustments curbing artificial FX demand: Report

Business Report Research firm IH Securities in its latest Macro Economic Update, highlighted that there was a cooling of foreign premiums on the parallel market as the central bank reins…

Liquid rolls out awareness campaigns

 Enacy Mapakame Liquid Home, a part of Liquid Intelligent Technologies is this month rolling out awareness campaigns across the country to promote WibroniX, its LTE connectivity offering as the group…

China shocks with rate cut as data show ‘alarming’ slowdown

Bloomberg China’s economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while…

Why petrol, diesel prices are on track for large cuts next month

AFP After a grim few months, South African motorists will probably get substantial relief next month – if the oil price and rand-dollar exchange rate don’t weaken from current levels.…

Pick n’ Pay announces new name for its middle market stores

Fin24 Retailer Pick n Pay has officially named its “middle market” retail chain, as its store rollout gains momentum. Pick n Pay QualiSave, which was provisionally named Pick n Pay…

Tesla has now built one million cars in China

CNN Tesla is celebrating its one millionth car manufactured in China, a major milestone for the electric car company’s global ambitions. But Tesla hasn’t overcome its recent troubles in the…

Saudi Aramco posts biggest quarterly profit of any listed company

Bloomberg Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production. Aramco followed big oil rivals reporting a surge in…

Miners verify details ahead of cadastre system implementation

Oliver Kazunga Senior Business Reporter OWNERS of small-scale mining operations whose claims were registered before 2010 have up to the end of the month to verify their details as the…

ZSE worst performing African stock exchange

Tapiwanashe Mangwiro The Zimbabwe Stock Exchange (ZSE) is the worst performing stock exchange on the continent this year in US Dollar terms, according to website African-Markets.Com which tracks stock markets…

×
×