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- businessweekly
- January 30, 2018
- 383 views
Rand back over R12/$ as the hope of early Zuma exit fades
The rand was back over R12 to the dollar on Tuesday morning as the hope of ANC president Cyril Ramaphosa replacing President Jacob Zuma before the February 8 state of…
- businessweekly
- January 30, 2018
- 500 views
SAP talks up cloud business, buys $2.4 billion U.S. sales software firm
WALLDORF, Germany – SAP posted 2017 results on the lower side of market expectations after Chief Executive Bill McDermott had promised a “dynamite” final quarter in its cloud business, as…
- businessweekly
- January 30, 2018
- 396 views
Blood oil: More than half of the oil traded across the world has been stolen
By Leif Wenar Donald Trump tweeted something true recently. Responding to the protests in Iran, the US president stated that “The people are finally getting wise as to how their…
- businessweekly
- January 29, 2018
- 681 views
Untu Capital’s first mobile retail bond oversubscribed
BH24 Reporter HARARE – Untu Capital, which last year issued Zimbabwe’s first mobile retail bond, says the bond issuance aimed at raising $1 million has been oversubscribed by 72, 5…
- businessweekly
- January 29, 2018
- 435 views
COMESA members to benefit from climate change funding
HARARE – The European Union has availed a Euro 7, 1 million grant to the Common Market for Eastern and Southern Africa (Comesa) to implement climate change resilience programmes within…
- businessweekly
- January 29, 2018
- 381 views
IDC hunts for investors for Chemplex
HARARE – The Industrial Development Corporation of Zimbabwe (IDCZ) has said it was looking for a joint venture investor for its subsidiary, Chemplex Corporation Limited, which has interests in manufacturing…
- businessweekly
- January 29, 2018
- 645 views
Are Zimbabwean banks’ profits justified?
Tawanda Musarurwa A basic rule of thumb in the financial services sector is that banks principally make money by lending money at rates higher than the cost of the money they lend. But over the last couple…
- businessweekly
- January 29, 2018
- 425 views
Rand slips as dollar stages modest recovery
The rand slipped against the dollar on Monday morning, but held its ground against the euro and pound. The divergent performance in the rand largely mirrored global dynamics, where the dollar…
- businessweekly
- January 29, 2018
- 393 views
Dollar will be key to gold sesame
Gold may be considered to be a bet against the U.S. dollar. The depreciation of the greenback supported the yellow metal in 2017. The price of gold managed to rise…
- businessweekly
- January 29, 2018
- 358 views
Oil dips as North American output soars; overall market remains strong
SINGAPORE – Oil prices dipped on Monday as soaring North American production was seen undermining efforts led by OPEC and Russia to tighten supplies. Despite this, traders said overall market conditions…