Palladium holds near multi-year peaks; gold holds steady

Singapore. — Gold prices hold largely steady after marking a near three-week high in the previous session, while palladium remains close to a more than 16-year peak. Gold prices held…

$300m more bond notes month end

Business Writers The Reserve Bank of Zimbabwe (RBZ) is set to introduce a new $300 million export incentive facility at the end of this month, as it accelerates efforts of…

Zim to apply for Sadc special derogation

Golden Sibanda Zimbabwe has secured permission from Sadc to apply for special derogation (exemption) to defer compliance with some of the regional body’s trade rules, which requires it to phasedown…

Gold miners rake in $31m from incentives

Business Writer Gold miners – both large and small-scale – have raked in almost $31 million from the export incentive introduced by the Reserve Bank of Zimbabwe (RBZ) in May…

OK Zim revenue up 22,6pc

OK Zimbabwe’s revenue for the half year period to 30 September 2017 increased 22.6 percent to $268 million compared to $218.6 million same period boosted by additional stores and the…

Delta’s market value rises to $4bn as ZSE continues to rise

Business Writer The Zimbabwe Stock Exchange clocked 15 billion market capitalisation this week as stocks continued their upward trend week-on-week after it added 1,31 percent for the week toWednesday November…

Zimbabwe expects to get $81m from first diamond auction

Tawanda Musarurwa Zimbabwe expects to get over $81 million from its first diamond auction since it began a deliberate policy to stock pile produce for auctioning at the appropriate time.

Zimbabwe heads towards $1,82bn deficit

Business Writer Zimbabwe is expected to close the year with a budget deficit of $1.82 billion as the government struggles to rein in its expenditure, Finance and Economic DevelopmentMinister Dr…

Free money for bitcoin investors. . . as currency splits for second time

Jeffrey Gogo Investors on the Harare-based virtual money exchange Golix.io are to receive hundreds of thousands of dollars equivalent to their bitcoin for free after the currency split again for…

Table eggs shortage expected to ease by Xmas

Business Writer The shortage in the supply of table eggs is expected to ease by Christmas this year. The country has been experiencing a shortage table eggs following the outbreak…

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