Capital market investing not for everyone: SECZ

Tawanda Musarurwa and Enacy Mapakame Despite Zimbabwe’s capital market apparently suffering from the absence of a strong retail investor base, Securities and Exchange Commission of Zimbabwe (SECZ) chief executive Tafadzwa…

Rising U.S. oil output helps fill gap left by Iran, Venezuela: IEA

LONDON – The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency…

Goldman Sachs to sell fixed income products in South Africa, seeks licence

JOHANNESBURG – Goldman Sachs is seeking a South African banking licence as part of plans to offer fixed income products in the country, sources and the Wall Street investment bank…

EcoCash promotion returns

BH24 Reporter HARARE – EcoCash has brought back its multi-million dollar ‘ChakaChaya neEcoCash’ promotion, which is now in its third successive year. “We are obviously excited for our customers who…

Govt eyes $400 mln injection by investors towards CSC, Zupco revival

HARARE – Government is targeting a capital injection of nearly US$400 million by investors towards the revival of two struggling parastatals, meat processor, Cold Storage Company (CSC) and public transporter,…

Zim inflation tops 76%

Kudzanai Sharara Zimbabwe’s year on year inflation rate for the month of April 2019 as measured by the all items Consumer Price Index (CPI) stood at 75.86 percent, up from…

Standard Bank Group Partners with Microsoft to Accelerate Digital Transformation

Stanbic Bank’s parent company, Standard Bank Group and Microsoft recently announced a new strategic partnership that will help to transform the bank’s technology estate and internal corporate functions.

How cities can approach redesigning informal settlements after disasters

Fiona Anciano & Laurence Piper Recent devastating flooding in parts of South Africa as well as the second massive cyclone to batter neighbouring Mozambique and Zimbabwe in just two months…

China stocks, yuan weaken as trade war escalates

HONG KONG/SHANGHAI – Chinese stocks skidded further on Tuesday and the onshore yuan fell to its weakest level of the year as the Sino-U.S. trade war intensified. Markets managed to…

Rand down

JOHANNESBURG – South Africa’s rand was mostly flat on Tuesday, struggling to bounce back from a flare-up in U.S.-China trade tensions that had dragged the currency down a day earlier.…

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