Banks pleased with uptake of bond notes

Harare – The Bankers Association of  Zimbabwe (BAZ) says the public has been receptive of bond notes, which  were introduced on Monday, despite initial skepticism. The Reserve Bank of Zimbabwe...
Posted On 30 Nov 2016

ZSE suspends trading in Zeco shares

Harare– The Zimbabwe Stock Exchange  (ZSE) yesterday suspended the trading in shares of listed engineering  firm, Zeco Holdings Limited for a period of three months due to failure  by the company...
Posted On 02 Dec 2016

Is this the ‘Great Rotation’? Some banks think so

By Dhara Ranasinghe and Vikram Subhedar — After a number of false starts since the term was first coined five years ago, the idea of a ‘Great Rotation’ out of bonds into stocks...
Posted On 01 Dec 2016

Zim tobacco exports gross $735 mln

Harare – Zimbabwe has so far exported 133 million kilograms of flue-cured tobacco valued at $735,9 million, latest statistics from the industry regulator show. Tobacco Industry and Marketing...
Posted On 01 Dec 2016

RHA Tungsten resources upgraded 300pc

HARARE – Regional mining group, Premier African Minerals has reported a significant increase in resources at its flagship operation in Zimbabwe – the RHA Tungsten project. The latest upgrade saw...
Posted On 02 Dec 2016

African Travel Spend expected to rise 24pc on introduction of AU passport in 2018

Travellers from four countries – South Africa, Nigeria, Kenya and Egypt were surveyed, with those having flown in the past 24 months saying they would spend 24 percent more with the introduction...
Posted On 25 Nov 2016

Prepaid electricity meters revenue to rise to 65pc

Power utility Zesa Holdings is targeting to increase revenue from prepaid electricity metering to 65 percent by the end of 2017, an official has said. Zesa chief executive officer Engineer Josh...
Posted On 24 Nov 2016

Russian oil output near post-Soviet record as it prepares to cut

Russia, the world’s largest energy exporter, held November output near a post-Soviet record, which is likely to remain a high-water mark in the near term after a pledge to cut production. Russian...
Posted On 02 Dec 2016