RBZ slams retailers’ speculative pricing

The Reserve Bank of Zimbabwe (RBZ) has expressed concern over the speculative pricing by wholesalers and retailers, which has stunned the market at a time when experts were expecting the inflation rate to start falling.

Strong customer focus at ZITF 2019

As the 60th edition of the Zimbabwe International Trade Fair (ZITF) kicks off next week, organisers say they are ready to host thousands of delegates with assurance of a unique customer centric experience.

Heritage Diamond project to begin in 4 months

The Heritage Diamond project can become operational in four months’ time, Vast Resources CEO Andrea Prelea has said.

Slowing world economy to weigh down Zim growth

In November last year, the Organisation for Economic Co-operation and Development (OECD), a Global economic watchdog, issued a chilling warning about an impending slowdown of the global economy.

Blanket gold production slows . . . but still on course full year

Caledonia Mining Corporation, the owners of Blanket Mine in Zimbabwe, says the mine is still expecting to produce between 53 000 ounces to 56 000 ounces of gold in 2019 despite producing slightly below target for the first quarter to March 31, 2019. 

Human-wildlife conflict Indaba set for June

Zimbabwe has won the bid to host the inaugural United Nations Environment Summit in June whose objective will be to deliberate on issues to do with human-wildlife conflict. The summit, which is being facilitated by the African Union (AU), will be held between June 24-25 in Victoria Falls.

Inflation could hamper real GDP growth

Nobody cared much about this week’s inflation figures for the month of March released by ZimStat as the outcome was largely expected. The real feel of inflation is experienced by all, even without the figures. But that’s no reason to ignore the official figures. Here they are:

U.S. firms no longer ‘positive anchor’ for Beijing ties: AmCham in China

BEIJING – Frustrated U.S. businesses can no longer be counted on as a “positive anchor” in U.S.-China relations, a top U.S. business lobby said on Wednesday, arguing any deal to end trade tensions must address structural problems in China’s economic system.

South African consumer inflation quickens to 4.5 pct in March

JOHANNESBURG – South Africa’s headline consumer inflation accelerated to 4.5 percent year on year in March from 4.1 percent in February, data from Statistics South Africa showed on Wednesday.

Tobacco farmers unhappy with RTGS proceeds, push for USD payments

HARARE – Farmers on Tuesday expressed  frustration with the payment system for the crop at the auction floors,  currently denominated in RTGS dollars saying the local currency gets  wiped up by ever-increasing cost of inputs.

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