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- businessweekly
- March 9, 2018
- 331 views
Art generates half of its forex requisites: Macheka
Kudzanai Sharara Art Corporation generates approximately half of its foreign currency requirements, group chief executive officer Milton Macheka has said. This comes as most Zimbabwean companies are struggling to make foreign…
- businessweekly
- March 9, 2018
- 347 views
Limits of monetary stimulus on economy
Joseph Mverecha “For my people have committed two sins (commissions) — they have forsaken me the fountain of living waters and have hewn out broken cisterns that cannot hold water”…
- businessweekly
- March 9, 2018
- 487 views
Are we seeing the return of quasi-fiscal operations?
Taurai Togarepi During 2004 to 2008, the Reserve Bank of Zimbabwe embarked on massive quasi-fiscal operations, which included helping funding the farm mechanisation project among other operations. We all know…
- businessweekly
- March 9, 2018
- 849 views
New crypto exchange Styx24 seeks to break Golix’s monopoly
Jeffrey Gogo When Tatenda Mabungu founded Styx24.com (pronounced Sta-i-x) last September to rival Golix.com — until now Zimbabwe’s only cryptocurrency exchange – he had already made up his mind this…
- businessweekly
- March 9, 2018
- 341 views
Turnover percentiles versus inflation
Mamvura’s Market Minute This past week saw three more sets of earnings and an update from Cafca on their performance. Interestingly at the Powerspeed AGM last Thursday, there were grumbles…
- businessweekly
- March 9, 2018
- 380 views
Property market stagnant: Dawn
Business Writer The uptake of lettable space has slowed down and the rentals have been flat since the last quarter of 2017, Dawn Property Consultancy has said. Responding to Business Weekly,…
- businessweekly
- March 9, 2018
- 558 views
RioZim moves to exploit claims in Sese area
Resources firm RioZim intends to invest up to $25 million to explore and develop its diamond claims in the Sese communal lands in Chivi, Masvingo province. RioZim, which also owns…
- businessweekly
- March 8, 2018
- 349 views
All Share Index maintains bearish form
HARARE – The local equities market’s All-Share index went down by 0.24 points to end at 86.40 as giant insurer Old Mutual shed $0, 0096 to close at $5, 4100,…
- businessweekly
- March 8, 2018
- 380 views
Zim/Russia step up co-operation
HARARE – Russia intends to set up a Special Economic Zone in Zimbabwe for companies from that country to operate from, as part of a broader thrust to pursue mutually…
- businessweekly
- March 8, 2018
- 400 views
Simbisa posts $11, 1 million HY pretax profit
Tanaka Vunganai HARARE – Quick service restaurant operator Simbisa Brands’ pretax profit for the half-year to December 31, 2017 jumped 70 percent to $11, 1 million from $6, 6 million…