Proplastics turns to internal reserves... as official forex market struggles to meet demand
Since re-introducing the local currency in 2019 after initially abandoning it in 2009, the Zimbabwe dollar has been in turmoil.
By Tafadzwa Mhlanga
Mar. 28, 2024
Hippo Valley to exhaust available borrowing facilities for capital
The firm added: “The company will also leverage on available borrowing facilities up to the end of the financial year to cushion its working capital in light of off-crop requirements.”
By Tafadzwa Mhlanga
Feb. 19, 2024
TSL lines up several investments
Revaluation of certain assets led to total assets of ZWL$441,8 billion, from the comparative of ZWL218,08 billion.
By Belinda Chiroodza
Feb. 2, 2024
Pension industry forex-denominated assets surge
This was driven by the major asset classes of equities, money market investments and prescribed assets.
By Melody Chikono
Jan. 15, 2024
ZSE, VFEX tweak rules as firms struggle to submit audited interim results
Similarly, ZSE said effective January 1, 2024, the requirement for review by the listed company's external auditors of unaudited half-year interim reports had been waived.
By Business Reporter
Dec. 20, 2023
Create foreign currency REIT, Mthuli tells NRZ
Ncube urged the pension fund to support its mother company, the National Railways of Zimbabwe, to manage its properties better to improve its balance sheet.
By Tafadzwa Mhlanga
Dec. 19, 2023
Media budget vote disenfranchises citizens right to information
The budget vote for the digitization program, which is my second point, is extremely low to the extent that at this rate the process will be completed in 2030.
By Nigel Nyamutumbu
Dec. 10, 2023
Industry reels under water, power crisis
The official foreign currency exchange rate as at November 30 stood at US$1:ZW$5 791,08
By Belinda Chiroodza and Tafadzwa Mhlanga
Dec. 8, 2023
CCC MP calls out delays in RBZ’s currency auction
He argued that over the past four auctions, funds had been withdrawn from Zimdollars, but the corresponding foreign currency was not released.
By Harriet Chikandiwa
Nov. 30, 2023