Simbisa to acquire Foodfund

Tawanda Musarurwa HARARE – Fast foods group Simbisa Brands is looking to acquire foreign complementary business – Foodfund – once it completes its proposed listing on the London Stock Exchange (LSE).

Zim and Bots in diamond beneficiation deal

GABARONE – Zimbabwe plans to start  sending rough diamonds to Botswana by June this year for cutting and  polishing, before auctioning, to enhance revenue earnings from sales of  the gems,…

Bonds stable as rand takes heart from Zexit

South African bonds were little changed on Wednesday morning, as the markets waited to see whether speculation of an imminent resignation by President Jacob Zuma would turn out to be true.

Asia shares wary of U.S. inflation, dollar breaks down

SYDNEY – Asian share markets turned mixed on Wednesday as investor nerves were strained ahead of a U.S. inflation report that could soothe, or inflame, fears of faster rate hikes globally.

Tulip mania: the classic story of a Dutch financial bubble is mostly wrong

By Anne Goldgar Right now, it’s Bitcoin. But in the past we’ve had dotcom stocks, the 1929 crash, 19th-century railways and the South Sea Bubble of 1720. All these were…

Agribank to lead on export finance facilities

HARARE – Agricultural Bank of Zimbabwe (Agribank) says it will take a leading role in the disbursement of Reserve Bank of Zimbabwe (RBZ) export finance facilities especially for the budding…

China committed to see Zim projects completed – envoy

HARARE – China remains committed to finish projects it has embarked on in Zimbabwe, as well as start new ones, an envoy said yesterday.

Rand remains calm amid uncertainty over Zuma future

The rand was relatively steady and well contained on Tuesday morning amid uncertainty about the future of President Jacob Zuma.

Intratrek shareholders fight

HARARE – Intratrek Zimbabwe, the local  company that won the tender to set up a 100 Megawatt solar power project  in Gwanda on Monday admitted that it does not have the financial …

What we can expect from China’s economy in 2018

By Alice de Jonge In 2017, we saw the consolidation of China’s power and influence globally, and of Communist Party leader Xi Jinping’s power nationally. This year, the party will…

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