CORONAVIRUS WATCH

4 days ago | July 11, 2020

Rand ‘surprisingly firm’ as global coronavirus cases surge

Anathi Madubela The rand remains “surprisingly firm” despite concerns over the global surge of coronavirus ...

Daimler records “best second quarter” in China ...

BERLIN, July 8 (Xinhua) — Daimler’s Mercedes-Benz brand achieved its “best second quarter ever in ...

Italy’s economic activities to be back to pre-COVID levels ...

ROME, July 8 (Xinhua) — Italy’s economic activities would fully get back to pre-COVID levels in 2025, an ...

5 days ago | July 10, 2020

Private players join RBZ auction

Golden Sibanda The Reserve Bank of Zimbabwe (RBZ)’s weekly foreign exchange auction system received a major confidence ...

NSSA gives temporary relief to Covid-19 hit firms

Business Writers/Ziana The National Social Security Authority (NSSA) said on Thursday it is giving temporary relief to  ...

Zim equity fund to raise stake in oil, gas project

Golden Sibanda Mangwana Opportunities, a Zimbabwean private equity fund, has an opportunity to increase its stake in gas ...

NetOne reinstates Muchenje as CEO

Business Writer NetOne Cellular has reportedly reinstated its chief executive Lazarus Muchenje with immediate effect ...

Why IPEC’s anti-money laundering efforts matter

Tawanda Musarurwa The insurance and pensions sector in any economy plays a vital role in financial intermediation, but ...

Gold rallies to $1 800 an ounce

Ranjeetha Pakiam Gold’s allure is only getting stronger as 2020 unfolds. Spot prices reached $1 800 an ounce and ...

6 days ago | July 9, 2020

AfDB forecast 8,5 percent economic downturn

The Zimbabwe economy will contract by 8,5 percent if the coronavirus pandemic continues through to December 2020, the ...

RioZim hopeful over RBZ debts

ONE of Zimbabwe’s largest gold miners, RioZim, says it has received an insignificant amount from funds owed by gold ...

Cargo movement shutdown as SA closes border

South Africa yesterday temporarily closed its Beitbridge Border Post after one of its customs officers tested positive ...

Chinese mines, firms under fire

Chinese mines and firms operating in Zimbabwe have come under fire for wantonly violating the country’s environmental ...

Removal of subsidies can curb shortages

Economic analysts are convinced the economy is on the right path towards full recovery despite the immediate setbacks ...

Australian tourism industry suffers 4 bln USD loss in Q1

Australia's tourism industry lost about 5.8 billion Australian dollars (4.02 billion U.S. dollars) in the first three ...

Global shares waver on coronavirus fears, gold gains

Global stocks wavered on Wednesday, pressured by fears that a surge in coronavirus cases would slow the U.S. economy, ...

Oil stuck below $41 with signs US crude stockpiles swelled

Oil was anchored below $41 a barrel with an industry report signaling a surprise gain in US crude stockpiles, while ...

1 week ago | July 8, 2020

NRZ’s crippled capacity hinders business growth

Business Writer Local industries are reportedly incurring huge transport costs for bulky raw materials due to the The ...

  Forex auction-local unit slowly finding its true value

Business Writer The Reserve Bank of Zimbabwe`s third foreign currency auction yesterday closed with the exchange rate ...

African Sun improves profitability in FY19

Tawanda Musarurwa Hospitality group, African Sun, managed to sidestep a dip in occupancy levels in 2019 to improve ...