ZIMBABWE

Zim's hyperinflation era profiled

THE Macroeconomic and Financial Management Institute for Eastern and Southern Africa is working on documenting Zimbabwe’s country hyper-inflationary era to provide insights on how the country deal...

By Staff reporter | Published: 10 June 2013

ECONOMC INDICATORS

Zim's cost of living goes up

THE cost of living, as measured by the Consumer Council of Zimbabwe's low-income urban earner monthly basket for a family of six increased from the February figure of US$570,75 to US$573,22 in March...

By Business Reporter | Published: 10 June 2013

ASIA PACIFIC

World's largest maker of fuel from coal mulls selling Papua New Guinea assets

SASOL, the world's largest maker of fuel from coal, is considering the sale of its gas assets in the island-state of Papua New Guinea."Sasol is considering divesting from Papua New Guinea," Alex An...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

No Zim Dollar in the near future, says Mashakada

Minister of Economic Planning and Investment Promotion Dr Tapiwa Mashakada has assured possible investors over continued use of the multi-currency system at least until 2016.Mashakada allayed fears ...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe not yet ready to have its own currency, says Gono

RBZ governor Gideon Gono says Zimbabwe is not yet ready to have its own currency adding the country had to first address its burgeoning trade deficit.Gono said Zimbabwe remained heavily-dependent o...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe's economic recovery hazy, warns Gono

The Reserve Bank of Zimbabwe (RBZ) has that the economy's full recovery remains hazy as long as the country continues to rely on imports of finished products.Addressing the media after the central'...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Government wants informal sector to contribute in taxes

Government says there is a need to come up with a database of the informal industry so that it can contribute to national development through paying tax. While there are no official statistics on th...

By Mafu Sithabile | Published: 10 June 2013

ZIMBABWE

Industry revival under spotlight

Revival of industries and setting up new ones will come under the spotlight during the Zimbabwe International Trade Fair annual business conference next month. The one-day conference being co-hosted...

By Business reporter | Published: 10 June 2013

EUROPE

Cyprus clinches last-minute deal, uninsured depositors lose out

Reuters) - Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return f...

By Staff Reporter | Published: 10 June 2013

ECONOMC INDICATORS

Zimbabwe policy environment least supportive in the world

The World Economic Forum (WEF) has said Zimbabwe's policy environment is one of the least supportive in the world due to restrictive laws regarding foreign direct investment and property rights.&nbs...

By Fin24 | Published: 10 June 2013

ZIMBABWE

Zim economy has potential to reach Singapore size by 2050

A leading emerging markets economist says Zimbabwe's economy has the potential to grow to the size of Singapore by 2050 if it guarantees property rights, rafts effective agriculture and currency pol...

By Staff reporter | Published: 10 June 2013

EUROPE

If you thought Zimbabwe's Gono was bad, what about Cyprus

Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe's debt c...

By bloomberg | Published: 10 June 2013

ECONOMC INDICATORS

Zimbabwe's year-on-year inflation increases to 2.98%

Data released by the Zimbabwe National Statistics Agency (ZIMSTAT)  on Friday shows that year on year inflation for February 2013 increased by  0,47 percentage points to 2,98 percent from ...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Heavily indebted customers negatively affecting the retail sector

Edgars Limited MD Linda Masterson told an analyst briefing yesterday that low disposable income in the market and heavily indebted customers are negatively affecting the retail sector including the...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe surpasses revenue target

Zimbabwe surpassed its revenue target for February this year, after collecting $278 million against a target of $250 million as government seeks to consolidate efforts to raise funds for capital and...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zim economic growth to slow down

ZIMBABWE'S economy may grow by 4 percent this year, lower than the Government's forecast. But the forthcoming national elections could lay the ground for a robust growth after the elections, a local...

By Business Reporter | Published: 10 June 2013

ZIMBABWE

IMF admits its failure to restore Zim funding is delaying recovery

The International Monetary Fund (IMF) has admitted that its failure to restore funding to Zimbabwe is delaying recovery of productive sectors.The IMF team which was in the country to assess economic...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe economy on death bed

Industry officials have said that anxiety over the forthcoming general elections and perceived risk is stalling the country's efforts to harness the much needed capital. Speaking at a one day-confer...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zimbabweans against reintroduction of ZimDollar

THE majority of Zimbabweans countrywide are in support of continued dollarisation of the economy introduced in 2009, a report by the Mass Public Opinion Institute (MPOI) says.The report, presented ...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zimstats adopts new CPI formula

Zimbabwe Statistics Agency has adopted a new Consumer Price Index (CPI) formula, with new weights and classifications in line with international guidelines. The new CPI takes effect from January, 20...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

AfDB urges Zimbabwe to diversify export base

ZIMBABWE should focus on diversifying its export basket for it to lower the widening trade deficit, the African Development Bank has said. The country presently imports about US$7 billion worth of ...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

UK strikes deal for Marange diamonds to return to the EU markets

Reports from Brussels, Belgium suggest that the United Kingdom has struck a deal with Belgium on the need for Marange diamonds to return to the European Union markets.According to the reports, Belgi...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

Pension funds investments key to Zimbabwe's economic growth

MNCapital and Africonomie, leading International Investment Advisory and Institutional Business Development firms in association with SHAEM Investments, Zimbabwean Emerging Markets Advisory and Comm...

By Own correspondent | Published: 10 June 2013

ZIMBABWE

Zimstat: SA continues to be Zim's main trading partner

Zimbabwe's trade with South Africa reached US$5,8  billion in 2012 although the neighbouring nation enjoyed a trade surplus.Official data from the Zimbabwe National Statistics Agency (Zimstat) ...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

Tobacco marketing season officially opens, dominated by new farmers

The 2013 tobacco marketing selling season opened on Wednesday with beneficiaries of President Robert Mugabe's land reform programme forming the majority of those who brought their bundles to be ...

By Staff reporter | Published: 10 June 2013
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