THE World Bank (WB) says Zimbabwe owes US$1,5 billion to the global financial institution and is currently the only African country which is in debt arrears to the Bretton Woods …
finance
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National Report
‘Gold coins to ease parallel market’
by Farai Mabeza, Senior Staff Writer 0 minutes readMONDAY’S introduction of the Mosi-Oa-Tunya gold coins is likely to “cool-off Zimbabwe’s raging parallel market” – in the short to medium term – as they will provide investors with “access …
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Companies & Markets
ZSE trades hit $34,6 billion in Q2
by Paul Nyakazeya, Group Digital Editor 0 minutes readTHE total value of shares traded on the Zimbabwe Stock Exchange (ZSE) during the second quarter of the year (Q2) was $34,55 billion, a 201,7 percent increase compared to prior …
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FARMERS are increasingly growing anxious ahead of the fast-approaching summer cropping season as preparations have been sent off the rails by inflation and currency volatility.Advertisements
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National Report
Cottco lint sales surpass 50k tonnes
by Paul Nyakazeya, Group Digital Editor 0 minutes readCOTTCO Holdings (Cottco) says it sold 50 187 tonnes of lint during the year to March 31, 2022, with 38 524 tonnes sold through the export market, while the …
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Top Stories
Zimbabwe in ‘fire’ aircraft sale
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readA PRIVATE auctioneer will conduct “a rare public sale” of seven Civil Aviation Authority of Zimbabwe (Caaz) planes, meant for a 90s flying school, this weekend.Advertisements
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Columns & CommentLegal Matters
LEGAL MATTERS: Exporters’ forex payments towards Zesa bills …an analysis of SI 131/22
by Hilary Muzaby Hilary Muza 0 minutes readThe Exchange Control (Payment for Electricity and Related Services in Foreign Currency by Exporters and Partial Exporters) Order, 2022 was published in Statutory Instrument 131/22 on July 11, 2022.Advertisements
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Top Stories
2pct tax eats into OK Zimbabwe’s profit
by Paul Nyakazeya, Group Digital Editor 0 minutes readOK ZIMBABWE says the Treasury’s two percent intermediated money transfer tax (IMTT) is straining its profitability.Advertisements
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WITH environmental, social and governance (ESG) issues emerging as a priority on the global scene, a local think-tank has warned that Zimbabwe could lose export markets and capital if regulators …
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National Report
Ariston tea export volumes in 15pc decline
by Paul Nyakazeya, Group Digital Editor 0 minutes readLISTED agricultural concern, Ariston Holdings Limited (Ariston) suffered a 15 percent decline in tea volumes export during the quarter to June 30, 2022 due to shipping logistics disruptions.Advertisements