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- businessweekly
- November 4, 2019
- 64 views
S.Africa bonds rally after Moody’s rating reprieve
South Africa’s dollar-denominated sovereign bonds jumped and yields of the local 10-year benchmark eased on Monday after Pretoria escaped a relegation to “junk” status by ratings agency Moody’s in the…
- businessweekly
- November 4, 2019
- 54 views
Eight ministries bid for $112bn in 2020 Budget
HARARE – Eight ministries have thrown in 2020 national budget bids of a combined $112 billion, far outstripping what government is capable of providing, Finance and Economic Development Minister, Mthuli…
- businessweekly
- November 4, 2019
- 59 views
Retail stocks are a hedge: analysts
BH24 Reporter HARARE – Retail stocks are current best defensive stocks at the moment in view of the prevailing economic climate, Analysts at IH Securities has said. With Zimbabwe currently…
- businessweekly
- November 1, 2019
- 53 views
Futures drop as U.S.-China trade worries resurface
U.S. stock index futures fell on Thursday as uncertainty around a potential trade deal between the United States and China overshadowed strong earnings reports from Apple and Facebook. Chinese officials…
- businessweekly
- November 1, 2019
- 150 views
Africa’s MTN cancels $300 million stake sale in Mascom Wireless Botswana
JOHANNESBURG – South African telecoms major MTN Group Ltd has ditched a plan to sell its 53% stake in Mascom Wireless Botswana, which was supposed to net the company $300…
- businessweekly
- November 1, 2019
- 71 views
Zim reduces trade deficit in September
HARARE – Zimbabwe managed to reduce its trade deficit for the month of September 2019 compared to the previous month by about US$14 million, latest trade data released on Wednesday …
- businessweekly
- November 1, 2019
- 213 views
Cresta group in US$2.5m Jameson hotel upgrade
HARARE – Cresta Hotels said on Thursday it has invested US$2.5 million in the on-going upgrade of the iconic Cresta Jameson (Jameson) hotel in central Harare. In addition to improving…
- businessweekly
- November 1, 2019
- 56 views
Edgars profits up 594pc
Michael Tome HARARE – Clothing retailer, Edgars Stores Limited Edgars recorded a solid financial performance posting a 594 percent jump in profit to $13 million for the half year ending…
- businessweekly
- November 1, 2019
- 131 views
Banks shun RBZ’s overnight facility
Golden Sibanda None of Zimbabwe’s 18 registered commercial banks has used the Reserve Bank of Zimbabwe (RBZ) overnight window since the apex bank hiked its bank rate from 15 percent…
- businessweekly
- November 1, 2019
- 84 views
Uncertain future for coal miners . . . as Zesa mulls own production
Martin Kadzere Zimbabwe’s coal mining giants face an uncertain future after Zimbabwe Power Company (ZPC) — a subsidiary of Zesa — said it is weighing an option of investing heavily…