HARARE – Zimbabwe needs to introduce comprehensive reforms to meet its $5,5 billion ZimAsset annual investment target, after investment traffic tumbled 70 percent in the period to July on the back of policy uncertainty, a Zimbabwe Investment Authority (Zia) official said. Zia chairman, Nigel Chanakira, last week told delegates at the Investor’s Awards that the…
HARARE – Zimbabwe’s financial sector — which has been faring well in recent years — recorded a decrease in customer satisfaction in the period from October 2015 to September 2016, on the back of cash uncertainties. Service Excellence Awards adjudication committee chairperson, Darlick Marandure, last week said the financial services sector had recorded a marked…
HARARE – The Confederation of Zimbabwe Industries (CZI) has called on government to reduce the cost of local vehicle number plates, pointing out that it is too high compared to regional countries. In the body’s recommendations and expectations for the upcoming 2017 National Budget, CZI pointed out that the present pricing structure on vehicle plates…
KADOMA – Listed resources firm, RioZim, says it is targeting a 200 kilogrammes (kg) monthly gold production, following the commissioning of its Cam and Motor Plant and its recent acquisition of Dalny Mine Complex (Dalny). The firm’s outgoing chief executive, Noah Matimba, on Wednesday said the newly-unveiled Cam and Motor Mine — which was mothballed…
HARARE – Zimbabwe’s largest mobile telecommunication firm by assets and investment, Econet, has grown its subscriber base to over 10 million, latest data show. Statistics released by the Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) on Tuesday revealed that Econet subscriber base increased by 7,4 percent from 9,2 million in the first quarter of…
HARARE – The Reserve Bank of Zimbabwe governor John Mangudya yesterday said the introduction of bond notes will not result in food shortages or an increase in inflation. Mangudya said the currency, set to start circulating early next month, was aimed at boosting exports and subsequently grow the economy. “The issue is about the economy…
HARARE – Zimbabwe’s $3,3 billion stock market is up 22 percent this month, more than any of the 94 equity indexes tracked by Bloomberg globally. Zimbabweans are piling into equities to preserve their wealth as the government plans to introduce a pseudo-currency called bond notes, stirring memories of the hyperinflation that plagued the southern African…
HARARE – Zimbabwe’s tobacco export earnings rose by nearly 10 percent to $518 million in the seven months to October on higher prices and demand from China. Tobacco is the country’s single largest export commodity, ahead of platinum and gold. Statistics released by the Tobacco Industry and Marketing Board (TIMB) yesterday showed that cigarette makers…
HARARE – Mercedes-Benz distributor in Zimbabwe, Zimoco, has introduced the GLC 4Matic sports-activity vehicle to the local market. On a technical level the new SUV clearly makes its’ mark with the excellent standard of safety that is a brand hallmark, featuring state-of-the-art assistance systems and outstanding energy efficiency. Fuel consumption has been cut by up…
HARARE – The world’s largest platinum producer Anglo-American Platinum (Amplats) says production at its Zimbabwean unit went up 16 percent to 18 200 ounces in the quarter to September on the back of improved production at the mine. Amplats owns and operates Unki Platinum Mine (Unki) near Shurugwi. [GoogleAd] The Johannesburg Stock Exchange-listed company said…
