Assessing the economic impact of coronavirus
The outbreak of the novel coronavirus (Covid-19) poses a significant threat to the world economy and to Zimbabwe’s fragile economy too. So far the virus has…
Business
Forex shortages derail Willdale ops
BRICK manufacturer Willdale Limited says continued foreign currency shortages are crippling progress on a US$2 million capital expenditure (capex) planned…
Hotel occupancy plunges
THE covid-19 pandemic has engulfed the tourism sector, resulting in hotel occupancy plummeting below 20%, amid fears that some operators would be forced out of…
Achieving an efficient interbank market
THE Zimbabwean government announced that it was going to introduce a managed floating exchange rate system in a bid to contain exchange rate volatility. The…
ZSE fumes over suspensions
THE Zimbabwe Stock Exchange (ZSE) is fuming over government’s decision to suspend the fungibility of three counters last week, saying it was an unwise move,…
‘50% inflation target a pipedream’
THE increase in the year-on-year inflation rate to 540% for February is reflective of the weakening of the Zimbabwean dollar, characterised by the sharp…
Art Corporation eyes growth in the region
ART Corporation says it will continue to seek growth opportunities in the region while consolidating its dominant business segments in the local market in…
Plummeting Zimdollar wreaks havoc
THE Zimbabwean dollar has continued its dramatic meltdown as it weakened even further against the greenback this week, 263 days after it was made the sole…
Cambria hits snag in bid to acquire Radar
CAMBRIA Africa says it will explore every means possible to acquire further ownership in Radar Holdings Limited after an arbitrator ruled in favour of Caulicle…
Tobacco farmers to retain 50% forex
THE Reserve Bank of Zimbabwe, in conjunction with the Tobacco Industry and Marketing Board, has said golden leaf growers are set to retain 50% of their sale…
