admin
AT a time when the country is now waiting for the introduction of the bond notes, the Reserve Bank of Zimbabwe must start marketing the new notes so that people get to familiarise with them.
History with bond coins showed that it took some time for people to embrace them, and this was partly due to lack of marketing campaigns. It was only after some shops and commuter operators started refusing the coins that the central bank had to go on a marketing charm offensive, and that was when people started accepting them. RBZ must not repeat that mistake but should activate its public relations machinery to start teaching people about the notes.
Meanwhile, the Industrial index added a further 0.51 points (0,52 percent) to close at 98.88 points. Innscor improved by $0,0320 to trade at $0,2300 while Meikles recovered $0,0020 to close at $0,0740. Amalgamated Regional Trading shed $0,0040 to close at $0,0300, CBZ Holdings lost $0,0025 to settle at $0,0995 and Dawn Properties eased $0,0002 to close at $0,0158.
Despite Friday’s gain the industrial index lost 0.28 points (0,28 percent) compared to week ending 16 September 2016.
The Mining index was flat at 25.69 points. Bindura Falgold, Hwange and RioZim remained unchanged on previous price levels at $0,0112, $0,0050, $0,0300 and $0,1710 in that order.
The Mining index was unchanged compared to week ending 16 September 2016.
Online Reporter