BUSINESS NEWS

Concern over Masvingo black market

The Zimbabwe National Chamber of Commerce (ZNCC) has castigated the emergence of a black market for some basic commodities in the city of Masvingo saying it's adversely affecting operations of superma...

By Staff reporter | Published: 02 June 2022

BUSINESS NEWS

Mixed feelings over produce market

Informal traders in the City of Mutare have raised mixed feelings over the establishment of a produce market in the sprawling suburb of Dangamvura.The Mutare City Council in partnership with Care and ...

By Staff reporter | Published: 02 June 2022

BUSINESS NEWS

Concerns that informal market may mop up US$ as parallel rates creep up

Industry is yet to gather data on how much sales are being generated in foreign currency although there is an increase in the use of domestic nostro accounts to settle transactions as RTGS liquidity b...

By Staff reporter | Published: 01 September 2020

ZIMBABWE

Market breadth turns negative as ZSE falls further

The stock market fell further on Tuesday as the market breadth turned negative. Foreign participation remained insignificant and local liquidity remained restricted with turnover closing at $17.9m whi...

By Staff reporter | Published: 18 March 2020

TELECOMS & TECHNOLOGY

NetOne records growth in market share

STATE owned mobile network operator, NetOne's revenue market share grew by 1.1% at a time when the company has managed to recover from a loss position.This is according to the Postal and Telecommunica...

By Staff reporter | Published: 22 October 2019

ZSE TODAY

Rising market activity sees 124 new accounts opened on the CSD in September

A total of 124 new accounts were opened on the Central Securities Depository in September, bringing the total number of accounts that have been opened to 26,845. This is against the historical peak of...

By Staff reporter | Published: 17 October 2019

FINANCIAL SERVICES

Fifth TBs batch on the market

THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fifth batch of treasury bills (TBs), seeking to raise ZWL$150 million to finance Government programmes. Last week, RBZ was on...

By Staff reporter | Published: 10 October 2019

FINANCIAL SERVICES

Zimbabwe's interbank market needs refinement

Local Industries claim they are yet to realise the benefits of the recently introduced interbank foreign currency market, as they continue to struggle accessing hard currency. The interbank market was...

By Staff reporter | Published: 04 October 2019

FINANCIAL SERVICES

US$645m traded on interbank market

About US$645 million has been traded on the interbank market since the platform was established in February this year, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya has said. "As at the end...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Black market loses grip

Some illegal foreign currency dealers have been pushed out of "business" as Statutory Instrument (SI) 142 of 2019 effects continue to hold fort on the foreign exchange market, forcing rates to tumble....

By Staff reporter | Published: 03 July 2019

FINANCIAL SERVICES

Interbank rate overtakes black market

THE interbank exchange rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging their foreign currency. Government last week outlawed the use of mu...

By Staff reporter | Published: 03 July 2019

FINANCIAL SERVICES

Zimbabwe banks paying more than the black market rates

THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once thriving...

By newzimbabwe | Published: 02 July 2019

BUSINESS NEWS

'Dealers diverting fuel to black market'

UNSCRUPULOUS fuel dealers are allegedly diverting large volumes of the commodity to the underground markets, causing shortages on the market, the National Oil Infrastructure Company (NOIC) chairman Da...

By Staff reporter | Published: 27 June 2019

ZIMBABWE

Black market rates retreat after policy change

The Zimbabwe Stock Exchange shed 0.6% as big caps stalled under thin trading following yesterday’s significant monetary policy developments. The imposition of the 90-day vesting period for dual...

By Staff reporter | Published: 26 June 2019

ZIMBABWE

CSD market value clocks RTGS$11bn

CHENGETEDZAI Securities Depository (CSD) market value has risen to RTGS$11 billion as at end of May 2019 after processing in excess of 82 120 securities deposits since going live in August 2014. Aroun...

By Staff reporter | Published: 19 June 2019

TRANSPORT & TOURISM

NRZ eyes regional markets for turnaround

GOVERNMENT plans to improve the interconnectivity of the National Railways of Zimbabwe with other countries in the region to improve the parastatal's market share and revenue, a Cabinet Minister said ...

By Staff reporter | Published: 14 June 2019

FINANCIAL SERVICES

CBZ eyes diaspora market

Biggest banking group by assets and deposits CBZ Holdings Limited, has set eyes on diaspora mortgages, as part of its strategy to enhance foreign currency generation, a senior official has said. Throu...

By Staff reporter | Published: 14 June 2019

OPINION

Mystery of Zimbabwe's forex market

"Zimbabwe's tobacco sales have reached a record high of 237,1 million kg with a week to go before the selling season ends, official data showed" - Reuters (July 23 2018)."Gold deliveries to Fidelity P...

By Chigogwana, Sikhosana and Mashozhera | Published: 03 May 2019

BUSINESS NEWS

Government to leverage on equities market

Government has said there is no 'blanket prescription' for the disposal of public assets, but will leverage on the Zimbabwe Stock Exchange (ZSE) to commercialise several state enterprises. It expects ...

By Staff reporter | Published: 02 May 2019

ZIMBABWE

'Govt not interfering with interbank market rate'

INDUSTRY and Commerce minister Mangaliso Ndlovu, pictured, has allayed fears government is interfering with the interbank market exchange rate saying such accusations are unfounded. This comes after c...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

Online legal advice now on Zimbabwe market

LawBasket is a start-up from Zimbabwe, providing online legal services on the market for small businesses and start-ups in Africa. The company also offers free client relationship management technolog...

By Staff reporter | Published: 29 April 2019

OPINION

'Address interbank market glitches'

The Government should address glitches in the interbank market system to help stabilise prices of basic commodities, manufacturers and retailers have said.This follows Vice President Dr Constantino Ch...

By Harmony Agere | Published: 28 April 2019

BUSINESS NEWS

Zimbabwe industry frets over interbank forex market

INDUSTRY has called on government to fine-tune the interbank currency market for foreign exchange, saying the current conditions are not favourable to both buyers and sellers.The government launched t...

By Staff reporter | Published: 28 April 2019

BUSINESS NEWS

'Interbank market being manipulated'

CAPTAINS of Industry have implored government to allow free and efficient functioning of money markets amid fears the interbank market is being manipulated.Confederation of Zimbabwe Industries (CZI) p...

By Staff reporter | Published: 26 April 2019

POLITICS

Chiwenga warns for companies feeding the black market

VICE President Dr Constantino Chiwenga yesterday lashed out at corporates that are dipping their hands in underhand parallel market exchange dealings and equated such behaviour to "financial terrorism...

By Staff reporter | Published: 25 April 2019
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