Traders manipulated gold price openly, court hears

Bloomberg At Bear Stearns, before the bank was acquired by JPMorgan Chase & Co. in 2008, manipulating the gold futures market with bogus spoof orders was “common practice,” especially for…

Mine Entra back after two year- hiatus

Business Writer The country’s premier mining, engineering and transport (Mine Entra) exhibition begins in Bulawayo today with over 300 confirmed delegates after the show went on a two-year hiatus induced…

Zim’s Victoria-Falls sets pace in inclusive tourism modelling

Leonard Ncube in Victoria Falls Zimbabwe’s premier resort city, Victoria Falls, has become the first tourism destination to embrace the inclusive tourism concept in the region following installation of braille…

Zimnat backs Gold Coins as diversification instrument

Business Writer Asset management company Zimnat through its published opinion, has given the yet to be released Gold Coins its backing as a good investment option especially for institutional investors.…

Textile sector pleads for capitalisation bailout

Business Writer The cotton to clothing value chain sector says an urgent capitalisation bailout package and deliberate policy support measures from the Government would help rejuvenate its members and yield…

Blanket mine in record production

Blanket Mine in Gwanda, Matabeleland South province, delivered a new quarterly production record of 20 091 ounces of gold during the second quarter ended June 2022, pushing total output for…

Three SA restaurants ranked among world’s top 100

Cape Town’s Fyn restaurant has been ranked number 37 in the World’s 50 Best Restaurant List, with La Colombe, also in Cape Town, and the small restaurant Wolfgat on the West Coast…

Exporters to buy gold coins exclusively in foreign currency

Business Writer The Reserve Bank of Zimbabwe says all exporters will exclusively buy the Mosi-os-Tunya gold coins in foreign currency. The coins are set to hit the market on July…

Econet laments forex shortages

  Enacy Mapakame  Econet says limited access to foreign currency is hampering its efforts to fully roll out network upgrades, as it prepares the country for digital opportunities coming from…

Prescribed assets status very low for pension funds

Oliver Kazunga Senior Business Reporter Compliance levels for prescribed assets by pension funds still remain “far” below the prescribed minimum of 20 percent achieving an average ratio of 3,05 percent…

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