Homelink extends $5m to HIT

Mike Tome — HARARE – Reserve Bank of Zimbabwe (RBZ) subsidiary Homelink Finance Services will extend a $5 million facility to the Harare Institute of Technology to help fund its project of making small-scale cooking oil pressing machinery.
Posted On 10 Oct 2017

NPS transactions up 23pc

BH24 Reporter — HARARE - The value of transactions processed through the National Payments System rose by 23 percent to $2,318 billion, during the week to September 29, 2017 from $1, 884 billion recorded previously.
Posted On 10 Oct 2017

ZSE continues upward trend

HARARE – The Zimbabwe Stock Exchange’s mainstream Industrial Index rallied by a further 5.80 points to close at 468.64 as giant insurer Old Mutual led the risers, gaining $0, 7832 to $12, 5063 while the cement maker PPC gained $0, 3875 to close at $2, 3300.
Posted On 10 Oct 2017

Zim/Zambia working on One stop border post for Vic Falls

HARARE - Zimbabwe and Zambia are close to finalising a bilateral agreement that will result in the establishment of a One Stop Boarder Post (OSBP) in Victoria Falls, a senior Government official said on Monday.
Posted On 10 Oct 2017

LPG gas imports rise

HARARE - Imports of Liquefied Petroleum Gas (LPG) have shot up to 23, 6 tonnes in the eight months of 2017 from 15  tonnes last year, the Zimbabwe Energy Regulatory Authority (Zera) said  on Tuesday.
Posted On 10 Oct 2017

Europe stocks drift, bonds edge lower; dollar dips

Japan’s Abe Has Been Good for Stocks, Bad for YenEuropean stocks traded sideways, bonds drifted lower and the euro rose ahead of a meeting of Catalan’s regional parliament to consider a declaration of independence that risks an ironclad backlash from Madrid. The dollar was...
Posted On 10 Oct 2017

Why capitalism wins. And how a simple accounting move can defeat it

By Lorenzo Fioramonti — Notwithstanding its many flaws and centuries of criticisms, capitalism is still the dominant economic system globally. What made it so resilient?
Posted On 10 Oct 2017

JSE’s all share index eyes 58,000 points

The US stock rally stumbled on Monday, with all three main indices closing lower. But the JSE showed no sign of slowing down, with the all share index rising 0.53% to a fresh record of 57,751 points, its seventh successive trading day of gains.
Posted On 10 Oct 2017