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…
Companies
‘GDP rebasing to lower insurance penetration’
THE rebasing of Zimbabwe’s gross domestic product (GDP) in 2018 will lower insurance penetration rate by 2,9%, an industry official has said.
Local banks join in money laundering fight: Mangudya
CENTRAL bank governor John Mangudya says local banks have reached acceptable levels in the implementation of Money Laundering and Proceeds of Crime Act…
Investors pile into big caps
INVESTORS are carefully rebalancing their equities portfolio to include big caps as Zimbabwe’s economic and inflation outlook worsens.
Earnings surprises as reporting season nears
THE earnings season is officially upon us with companies with December year-end reporting periods expected to start releasing into the market anytime now.
Malaysia rejects aircraft deal reversal
MALAYSIAN Airlines has turned down the Zimbabwean government’s request to reverse a deal for the purchase of two Boeing 777 planes and threatened to take…
Property owners charge rentals in forex
PROPERTY owners are now demanding rentals in foreign currency as the local unit continues to rapidly lose value against the US dollar, businessdigest has…
Stocks set to give up gains
STOCKS are seen giving up gains this year, a research firm says.
Forex scarcity rattles granite stone producers
GRANITE stone producers are struggling to remain viable due to an acute foreign currency shortage which has resulted in at least 50% of them retrenching their…
Monetary policy: Mangudya expected to tackle fiscal rot
CENTRAL bank chief John Mangudya will have to make bold monetary policy decisions or risk the country sliding back into hyperinflation, analysts say.
