Govt grants Prospect’s Arcadia lithium project a special economic zone status

HARARE – Zimbabwe government has granted special economic zone (SEZ) status to Prospect Resources for its flagship project Arcadia lithium mine, which has a forecast life of...

Hot Stories

Unpacking the “New” Foreign Exchange System

Harare – The liberalization of foreign currency exchange through the return of interbank trading was the headline of the long-awaited Monetary Policy Statement (MPS)....

Analyzing the Financial Performance of TSL Ltd for the 2018 Financial Year

Overall Performance On the 31st of January 2019 TSL Ltd announced its 2018 financial year results. The headline figure was a...

The Informal Sector: Incidental or an Opportunity Beckoning?

What is the informal sector? Generally, it is defined as all economic activity that is neither taxed or monitored by the government. Locally, the...

Powerspeed volumes up 10%, eyes to expand its footprint

HARARE – Hardware retail chain, Powerspeed Electrical Limited says it is still in a profitable position as volumes rose 10% year on year in...

Govt records $113mln surplus in January, targets $600 mln from IMMT in F19

HARARE- Government’s cost containment and revenue enhancement measures pronounced in the 2019 National budget statement presented in November last year,  are now delivering positive results...

Minister Ncube: Bogged Down in Politics?

HARARE – The Minister of Finance plans to visit the United States of America next month in a bid to repeal the sanctions related...

Zimbabwe’s currency reform a step in the right direction says IMF

HARARE – Zimbabwe’s currency reform which resulted in the conversion of bond notes and all electronic money into a currency called the RTGS dollar,...

Zimbabwe requires bold policies to solve economic woes – IMF

HARARE – The International Monetary Fund (IMF) has challenged Government to come up with sound footing policies that are meant to curb the current...

Art Corp turnover up 27% to $23m in five months to Feb

HARARE - Art Corporation says turnover in the five months to February grew to $23 million from $18 million in the year ago period...

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Capital Markets

Record breaking streak on ZSE continues unabated

HARARE – The stock market continued its record-breaking streak on Thursday as investors continue to pile money into the stock market as...

MPS interpretation causes turmoil in ZSE trades settlements

HARARE - Confusion has arisen within the local market on how to settle trades involving foreigners following the new currency framework...

Econet considering debentures to equity conversion

HARARE – Econet Wireless Zimbabwe could be considering a debenture to equity conversion, people with knowledge in the matter have said....

ZSE just $65m trades away from surpassing F17 turnover

HARARE – The Zimbabwe Stock Exchange is just $65 million trades away from surpassing the $694.96 million turnover value achieved...

Stock market in marginal gain in thin activity

HARARE - Zimbabwe Stock Exchange shares traded in positive territory on Friday though turnover was weak following the Monetary Policy Statement released by the...

GetBucks Sees Half-Year Profits Rise to $3 million, offers $0.54 cents dividend for the period

 GetBucks Ltd’s 31 December 2018 half year revenues and profits rose moderately from the comparative period, with net profits rising 16%, driven by a 30% rise in net total income brought on by a 49% expansion...

Opinion and Analysis

Growth in unit sales at Farmec and parts sales at Barzem boost Zimplow H1

HARARE – A 100% increase in Farmec’s revenue offset the downturn in Mealie Brand to ensure that Zimplow Holdings reported a 38%...

Monetary solutions to economic problems is what brought Zim to where it is now

HARARE- Throwing monetary solutions at economic problems is nothing new in Zimbabwe’s economic history. In 1981, the Zimbabwe Conference for Reconstruction and...

Analyzing the Financial Performance of TSL Ltd for the 2018 Financial Year

Overall Performance On the 31st of January 2019 TSL Ltd announced its 2018 financial year results. The headline figure was a...

GetBucks Sees Half-Year Profits Rise to $3 million, offers $0.54 cents dividend for the period

 GetBucks Ltd’s 31 December 2018 half year revenues and profits rose moderately from the comparative period, with net profits rising 16%, driven by a...

The Informal Sector: Incidental or an Opportunity Beckoning?

What is the informal sector? Generally, it is defined as all economic activity that is neither taxed or monitored by the government. Locally, the...

MarketWatch

Last updated March 7, 2019, 8:43 am
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LATEST POSTS

Small scale miners boost February gold deliveries

HARARE - Gold production in February rose 21% thanks in part to the dry weather conditions, which made it possible for miners to work without...

Fears passed-on IMMT to depress tobacco prices as RBZ removes 30-day window for industry

HARARE – The Reserve Bank of Zimbabwe has given players in the tobacco industry unlimited period for them to utilise retained foreign currency,...

January 2019 trade deficit narrows to $44.2 million as exports and imports decline

HARARE – Zimbabwe’s trade deficit narrowed 78% month on month to reach $44.2 million in January 2019 compared to $198 million recorded in December 2018...

Dairy sector upbeat despite drought as milk output rises 10.24% in January

HARARE – Zimbabwe’s raw milk production in the first month of 2019, increased by 10.24% to 6.7 million litres from to 6.1 million litres recorded...

Zimbabwe’s currency reform a step in the right direction says IMF

HARARE – Zimbabwe’s currency reform which resulted in the conversion of bond notes and all electronic money into a currency called the RTGS dollar, will...

Govt hires top Washington lobbyist

WASHINGTON: The government of Zimbabwe has hired Ballard Partners to represent it in Washington, making it the first firm to lobby on the country’s behalf...

Bgoni set to be announced as new ZSE chief executive

HARARE - The Zimbabwe Stock Exchange is set to announce the appointment of Justin Bgoni as its chief executive officer, a position which has been...

ZAMCO resolves 22% of NPLs acquired: Kanhai

HARARE - The Zimbabwe Asset Management Company has fully resolved 22% of the total non-performing loans acquired surpassing the target of 12.5% that should be resolved...

Stock market see-saws back to positive territory in thin trades

HARARE - Zimbabwe Stock Exchange shares see-sawed back to positive territory at the beginning of March but activity was quite thin as investors mostly foreign...