A look at the ZNCC congress
LAST week, at the invitation of the Zimbabwe National Chamber of Commerce (ZNCC), I attended as a panelist at its annual congress in the resort town of…
Companies
Inflation sabotages Masimba Holdings projects
MASIMBA Holdings Ltd says inflationary pressures have forced the group to temporarily shelve some of its key projects and also slowed down the pace of…
Proplastics sales volumes plunged 25%
Proplastics sales volumes plunged 25% on the back of declining consumer spending in the market in the five months to May 31 2019, but higher exports could be…
OK Zim earnings jump 200%
OK Zimbabwe Ltd reported a 196% net earnings jump to RTGS$49,2 million in the year to March 2019 (FY18) but the numbers did not thrill the market in real terms.
‘Mining sector to reap from liberalised inter-bank rates’
ZIMBABWE’S economic crisis continues to deepen, with no signs of recovery in the short to medium term. This has had a devastating impact on industry,…
US$4m offshore debt burden for ART Corporation
ART Corporation says it is saddled with an offshore creditors’ debt of over US$4 million and a monthly requirement of US$600 000, but the company is…
RBZ financial inclusion facility surges to US$500m
THE Reserve Bank of Zimbabwe (RBZ) says its financial inclusion facility has ballooned to US$501 million with over 50% of the funds advanced to marginalised…
Helicopter Mangudya and Ncube’s Freudian slip up
THIS remark by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya in an interview with the Zimbabwe Independent last week sent chills down my spine: “You…
Non-performing loans up amid high credit risk
NON-PERFORMING loans (NPLs) rose in the full-year to December 2018 (FY18), as credit risk increased in the economy from 7,08% in December to 8,25% in the prior…
Platinum project to get US$260m
Funding totalling of US$262 million will be allocated for working capital and equity by African Export-Import Bank (Afreximbank) and the African Finance…
