Mazvita Samuriwo The Securities and Exchange Commission has expressed concern over African Sun Limited’s intention to purchase the entire share capital of Dawn Properties Limited and has begun investigations into the issue. If the agreement is entered into, the shares will be sold at a price that is significantly lower than the prevailing market rate […]
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Blessing Munatsi With Zimbabwe’s 2021 budget launch imminent, government has maintained a positive outlook, with the country’s GDP expected to grow by 7,4 percent next year. Presenting the 2021 budget strategy on Friday morning, Finance and Economic Development minister, Professor Mthuli Ncube said productivity and import substitution, as well as recovery from the impact of […]
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Mazvita Samuriwo According to the International Monetary Fund (IMF), a Staff Monitored Programme (SMP) is an informal arrangement between the Zimbabwean government and the IMF to monitor the implementation of economic programmes in the country, with the aim of bolstering economic growth policies, restoring economic stability and accommodating spending to alleviate food insecurity and protect vulnerable […]
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Munashe Mukahlera Zimbabwe’s premier farming show, the Zimbabwe agricultural show is on this year, despite the covid-19 pandemic. The annual exhibition, which is normally held in August, will be held from 28 to 31 October, albeit under strict regulations. Organizers say this year’s edition will be a “strictly business” affair. According to the Zimbabwe Agricultural […]
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Sibonginkosi Mlalazi In today’s job market and entrepreneurial landscape, there is no room for being just another face in the crowd. You must separate yourself from the competition and be more appealing to your target audience. This can be achieved by creating a recognisable personal brand. What is a personal brand?So often we hear people […]
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Ndakaziva Majaka ZIMBABWE is set to resume domestic flights soon as the country re-opens its tourism sector after five months of sectorial shutdown. Environment, Climate, Tourism and Hospitality Industry Minister Nqobizitha Mangaliso Ndhlovu told a news conference this afternoon that all tourism players were to resume full operations as announced by Cabinet on Tuesday. He […]
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Ndakaziva Majaka The Zimbabwe Dollar recorded its lowest drop against the greenback this afternoon after closing the ninth session of the forex auction with a weighted average of 82,9. This comes after the local exchange started steadying last week, shedding 2.5 percent to settle at 82.5 to the Dollar. All valid bids were allotted at $13.8 million […]
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Takudzwa Chihambakwe The coronavirus pandemic is set to leave a third of Zimbabwean workers unemployed by the end of 2020. According to the 2019 Labour Force and Child Labour Survey conducted by ZimStats, only 2.9 million people are employed in Zimbabwe in both the formal and informal sector. This means that close to 960 000 workers […]
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Ndakaziva Majaka ZIMBABWE conducted its maiden foreign currency auction system for small to medium-scale enterprises (SMEs) on Thursday, with the weighted average rate coming in at 80,46. The Reserve Bank of Zimbabwe (RBZ) said the new auction will now run concurrently with the weekly Foreign Exchange Trading System which has been running every Tuesday since […]
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Ndakaziva Majaka The exchange rate between the Zimbabwe dollar and the greenback eased to ZWL$80.5 following yesterday (Tuesday) seventh auction which saw US$18.5 million allotted out of US$19.7 million in total bids. This means the local exchange lost five percent at auction as it continues in price discovery mode after slipping further from 76.8 recorded […]
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