Barclays Zim divesture to be completed in H2

HARARE – Barclays Plc, parent company for Barclays Zimbabwe expects to complete its divestiture from the local operation during the second half of 2017 as the banking firm eyes maintaining...
Posted On 16 Aug 2017

Short-term deposits continue to affect lenders

THE country’s broad money supply continues to be dominated by short-term deposits, a factor that constrains the local financial services sector’s capacity to lend to critical sectors of the...
Posted On 16 Aug 2017

Is this the start of a hot new metals bull market?

By Frank Holmes — Major US indices slid for a second straight week as President Donald Trump and North Korea both escalated their saber-rattling, with Kim Jong-un explicitly targeting Guam,...
Posted On 16 Aug 2017

Milk production up

HARARE – Milk production for the month of July rose 6,2 percent to 5 810 176 litres compared to 5 471 113 litres in the period a year ago. This is the highest milk production achieved so...
Posted On 16 Aug 2017

Is this the start of a hot new metals bull market?

By Frank Holmes — Major US indices slid for a second straight week as President Donald Trump and North Korea both escalated their saber-rattling, with Kim Jong-un explicitly targeting Guam,...
Posted On 16 Aug 2017

African Sun profits jump 134pc

By Enacy Mapakame HARARE- Hospitality group, African Sun Limited is upbeat on maintaining a growth trajectory into the second half of the year after reporting a 134 percent jump in profit for the...
Posted On 09 Aug 2017

Bitcoin soars to record as buyers look beyond miners’ split

Bitcoin extended gains to a record, ignoring a split in the cryptocurrency over its future. The digital exchange rate jumped as much as 16 percent from Friday to an unprecedented $3292,41, even...
Posted On 07 Aug 2017

Rand slightly firmer as attention turns to Fed minutes

The rand was slightly firmer in early morning trade on Wednesday as the dollar battled to hold on to its stronger levels against the euro. The rand normally trades inversely to the dollar....
Posted On 16 Aug 2017