Comesa records increase in inflation
THE Common Market for Eastern and Southern Africa (Comesa) region has recorded a 1,3 percentage points increase in year-on-year inflation due to the escalation in prices of goods and services…. Read more »
Author Archives: Bulls n Bears
ZNCC CEO Says “Authorities Should Be Worried” By Fluctuating Exchange Rates
Zimbabwe National Chamber of Commerce CEO, Mr Christopher Mugaga has said said that the depreciation of the local currency against other currencies should be a cause for concern for the… Read more »
ZESA Considering Power Tariff Increase
Electricity Tariffs to be increased. Local power utility, ZESA Holdings have indicated intentions to increase power tariffs as the local currency continues to shed value, particularly against the USD. Zimbabwe… Read more »
ZIMRA Charging Duty On Sanitary Wear Despite Ban
MDC-T legislator Priscilla Misihairabwi-Mushonga last week disclosed that the Zimbabwe Revenue Authority (ZIMRA) was still requesting duty for sanitary wear even though it was scrapped by Finance and Economic Development… Read more »
Strive Masiyiwa Speaks Out On EcoCash Agents’ Illicit Activities
Econet Zimbabwe founder Strive Masiyiwa has spoken on the controversy surrounding EcoCash agents who are reportedly demanding exorbitant commissions when they do cashout transactions. Masiyiwa expressed his thoughts in a… Read more »
Cotton export receipts set to rise significantly
ZIMBABWE’s cotton export receipts are set to rise significantly to US$2 billion from US$80 million in the last season following trials that have been conducted on a new hybrid seed… Read more »
Max Hardware to diversify
GROWING hardware and motor spares retail concern, Max Hardware, is seeking to diversify and start selling mining consumables . The company’s director Mr Bhekimpilo Sithole said the company was working… Read more »
EcoCash suspends 4 000 agents
country’s largest payment platform, EcoCash, has suspended over 4 000 of its agents on allegations of participating in the now rampant trend of charging excessive premiums for customers intending to… Read more »
RBZ savings bond gets thumbs up but . . .
The US dollar savings bond, announced by the Reserve Bank of Zimbabwe (RBZ) in the 2019 Mid-Term Monetary Policy Review, is a noble idea, but risks finding little favour with… Read more »
Diamond auction attracts 25 firms
THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says the country’s third diamond auction for this year which closed last week has attracted 25 companies from around the world. The 316… Read more »