Zim develops Medium-Term Debt Management Strategy

HARARE – Zimbabwe has made significant progress in building and strengthening public debt management capacity by setting up a dedicated Public Debt Management Office (PDMO), adoption of a modern public debt management legislation, preparation and adoption of debt management...
Posted On 14 Nov 2017

Are Zimbabwean banks ready for the ‘new normal’?

By Tawanda Musarurwa THE collapse of Lehman Brothers, then a behemoth among international banks, in September 2008 nearly brought down the world’s financial system.It came to typify the era’s financial crisis and global recession. And the upshot of the financial crisis and the...
Posted On 14 Nov 2017

Asia stocks steady ahead of Central Banker meeting

Tribeca Investment’s Sean Fenton discusses the lack of pullbacks in the markets and what could trigger a correction.Equity markets in Asia were steady as investors awaited clues on monetary policy from heads of some major central banks and kept an eye on U.S. tax reform...
Posted On 14 Nov 2017

Govt issues $500m TBs for ZESA

HARARE – Government has had to move in to bail out the Zimbabwe Electricity Supply Authority by extending Treasury Bills to the tune of $500 million to avert serious power outages. This comes as the State power entity has only so far received a mere 14 percent of budgetary...
Posted On 14 Nov 2017

Zuma TV interview is bad news for rand

The rand was trading at over R19/£ and edging towards R17/€ on Tuesday morning ahead of what is likely to be a stormy day for currencies.
Posted On 14 Nov 2017

Tourism industry to interrogate pricing, tax issues

Mapakame HARARE – Stakeholders in the tourism and hospitality sector will next week convene in Nyanga for the Hospitality Association of Zimbabwe (HAZ) as they interrogate pricing, tax issues and the sector’s competitiveness.
Posted On 14 Nov 2017

Blanket ramps up gold output

HARARE – Caledonia Mining Corporation on  Monday said gold production for the third quarter ended September 30  this year at its Blanket mine reached a record 14 396 ounces, 15 percent  higher than the previous quarter.Production for the period under review at Blanket mine,...
Posted On 14 Nov 2017

Equities in positive run

HARARE – The ZSE’s mainstream Industrial Index gained 1.96 points to close at 534.13 as. NatFoods led the gainers with a $0, 2000 jump to trade at $7, 3000, while Lafarge rallied $0, 1600 to $1, 6000 while TSL advanced $0, 0795 to end at $0, 5300.
Posted On 14 Nov 2017