Columnist / Finx
Falgold ceases gold production
Troubled mining group Falgold Zimbabwe published its delayed financial statements for the year ended 31 September 2018. During this period the group's net loss after tax widened by 609% to US$4.9 mill...Published: 14 Aug 2019 at 19:01hrs | | by FinX
Housing Corporation Zimbabwe rejects flawed NSSA report
The Housing Corporation Zimbabwe (HCZ) says the final Report on the Forensic Investigation into the Affairs of the National Social Security Authority (NSSA) conducted by BDO Zimbabwe Chartered Account...Published: 05 Aug 2019 at 07:48hrs | | by FinX
Zimbabwe FDI doubles to $745 million in 2018 ($349 million in 2017)
Zimbabwe's Foreign Direct Investment (FDI) inflows more than doubled to $745 million in 2018 from $349 million in 2017, on the back of a small number of approved projects, latest report shows. FDI out...Published: 17 Jun 2019 at 09:38hrs | | by FinX
IMF, Zimbabwe agree on policies & reforms
The International Monetary Fund and Government have reached agreement on macroeconomic policies and structural reforms that can underpin a Staff Monitored Programme. This follows a visit ...Published: 11 Apr 2019 at 07:30hrs | | by FinX
Delta Corporation operating at full capacity
Listed beverages manufacture Delta Corporation is expected to resume operating to full capacity this week. This comes as the company's forex woes have been reduced following the introduction of the in...Published: 18 Mar 2019 at 07:01hrs | | by FinX
Zimbabwe's currency reform a step in the right direction says IMF
Zimbabwe's currency reform which resulted in the conversion of bond notes and all electronic money into a currency called the RTGS dollar, will mitigate the current economic woes, characterised by acu...Published: 09 Mar 2019 at 08:43hrs | 1 | by FinX
Zimbabweans should accept that their balances have been devalued by 2.5 times, says Mthuli Ncube
The Reserve Bank of Zimbabwe has set the interbank rate at 2.5 to the US dollar to kick start its auction system. However its ability to sustain it at those levels depends, among others o...Published: 22 Feb 2019 at 15:31hrs | | by FinX
Ministry of Finance to set up Recovered Assets Fund
The Ministry of Finance will soon set up a Recovered Assets Fund following the passing of the Money Laundering and Proceeds of Crime Bill 2013 last week. According to the Bill, the funds will ...Published: 24 Jun 2013 at 13:36hrs | | by finx
Charles Msipa elected CZI president
Schweppes MD Charles Msipa was last week elected CZI president for the 2013-14 period taking over from Nestle Zimbabwe CE Kumbirai Katsande. Before the appointment, Msipa was the first VP of t...Published: 24 Jun 2013 at 12:09hrs | | by finx
Industrials extends losses at week's opening
Zimbabwe Stock Exchange shares drifted lower on Monday as some investors sought to lock in profits and consolidate from recent gains. Trading activity was reasonable for the beginning of the w...Published: 24 Jun 2013 at 10:58hrs | | by finx
Meikles expects one mine to be operational in 2014
Meikles Limited expects at least one mine to be operational in 2014 following the formation of Meikles Centar Mining. The company will explore opportunities in gold, tantalite and iron ore.Thi...Published: 24 Jun 2013 at 08:41hrs | | by finx
Non-compliant firms to be prosecuted effective Jan 1, 2014
Companies who have not yet obtained an indigenisation compliance certificate will with effect from January 1, 2014 be guilty of an offence, Indigenisation minister Saviour Kasukuwere has said....Published: 24 Jun 2013 at 08:26hrs | | by finx
ZPI reports a 38% increase in profits
ZPI reported a 31% increase in operating profit to $1.55 million in the five months to May and a bottom-line of $1.38 million largely boosted by the Tynwald project sales.CE Edson Muvingi told...Published: 19 Jun 2013 at 17:53hrs | | by finx
Zimbabwe needs $24.5 billion to rehabilitate roads
The ease of moving goods and services across borders is an important indicator of the quality of trade and transport facilitation in a country but unfortunately Zimbabwe is still weak in that aspe...Published: 19 Jun 2013 at 14:41hrs | | by Finx
ZSE: Dairibord in 13% sell off after profit warning
Dairibord fell 13% on Wednesday after the group warned that profitability for the half year to June will be lower than the comparable year ago period after the first quarter plant rationalisation dis...Published: 19 Jun 2013 at 14:43hrs | | by Finx
Delta, Barclays help ZSE Industrials firm
Delta's marginal recovery helped both stocks and turnover rise on Tuesday as investors c...Published: 18 Jun 2013 at 16:29hrs | | by Finx
Short term insurers fall marginally - IPEC report
Gross premium written for short term insurers in the first quarter was recorded a marginal decrease of 0.3% to $66.68 million attributed largely to the decline in hail insurance to $370 000 from...Published: 18 Jun 2013 at 16:29hrs | | by Finx
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