ZIMBABWE

Economists dismiss Ncube's US$443 million budget surplus

Economists, John Robertson, Persistence Gwanyanya and Prosper Chitambara have dismissed Finance Minister, Mthuli Ncube's budget surplus of US$443 million recorded in the first quarter of 2019 for fail...

By Staff reporter | Published: 11 June 2019
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BUSINESS NEWS

Zimbabwe grain surplus can last 9 months

ZIMBABWE has a surplus of grain that can last for nine months, the Secretary for Lands, Agriculture, Water, Climate and Rural Resettlement, Mr Ringson Chitsiko, has said. He was briefing the Parliamen...

By Staff reporter | Published: 10 December 2018
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BUSINESS NEWS

Mthuli Ncube magic, Zimbabwe achieved $29m budget surplus in October

Zimbabwe achieved a budget surplus of $29 million last month, the first time in many years, Finance and Economic Development Minister Mthuli Ncube has said. Addressing journalists in the capital toda...

By Staff reporter | Published: 28 November 2018
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MINING & RETAIL

Global platinum market headed for surplus

The global platinum market will end the year in a surplus of 295 000 ounces as both supply, from main producers Zimbabwe, South Africa and Russia, and demand for the metal will fall by 2 percent, the ...

By Staff reporter | Published: 07 September 2018
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BUSINESS NEWS

Zim destined to produce surplus electricity, fuel

President Emmerson Mnangagwa yesterday told over 40 000 youths at a convention in Mkoba that Zimbabwe was destined to produce surplus electricity and fuel. "We signed an agreement for coal-bed-methane...

By Staff reporter | Published: 01 June 2018
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BUSINESS NEWS

Zimbabwe records $44m trade surplus over SA

Zimbabwe recorded a US$44 million trade surplus over its largest trading partner South Africa, in the month of February.Information obtained from the Zimbabwe National Statistics Agency (ZIMSTAT) on M...

By Staff reporter | Published: 26 March 2018
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BUSINESS NEWS

Zim posts $185m surplus with South Africa

ZIMBABWE recorded a $185 million trade surplus against its major trading partner, South Africa, after exporting goods worth $2,182 billion to the neighbouring country in the 11 months to November 2017...

By Staff reporter | Published: 09 January 2018
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AFRICA BUSINESS

Surplus power generation in Sadc

The improved electricity generation in southern Africa is a welcome development for the region as energy supply is a key enabler for industrialisation.Energy shortages experienced over the past few ye...

By Staff reporter | Published: 04 December 2017
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BUSINESS NEWS

Zimbabwe in rare budget surplus in January

Government recorded a $16 million budget surplus in January this year on the back of cost containment in recurrent expenditure and stingy expenditure in capital projects.Official treasury statistics ...

By Staff reporter | Published: 28 May 2014
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BUSINESS NEWS

Zim records surplus in Q1

Government overturned a February deficit to post an operating surplus in March following the floating of Treasury Bills in the two months. Latest figures from the Accountant-General's Office show that...

By Staff reporter | Published: 13 May 2014
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ECONOMC INDICATORS

Zimbabwe in trade surplus with US

ZIMBABWE recorded a trade surplus of $32 million in its trade with the United States in the first nine of the 2013, official data shows.The figures show a recovery from a deficit of $8,7 million in th...

By New Ziana | Published: 20 November 2013
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FINANCIAL SERVICES

Cabs records surplus

ZIMBABWE'S largest mortgage lender, Central African Building Society (Cabs), recorded a surplus of $10,7 million in the first half of the year helped by an improvement in interest and non-interest in...

By Staff reporter | Published: 06 October 2013
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