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@biz_zimCelebrating ZW beautiful Tourism, Hospitality and Leisure DISCLAIMER:Retweets and Likes are not an endorsement.
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1/5..I note that we have an acute hatred for those we perceive to be rich & those better off financially,second to those wielding political power. This isn’t new to humanity as the nobles in England, France, Spain, Italy went thru the same.
Fuel firms operating in the country have said Government should supply them with two-week worth of foreign currency cover to ensure there are no gaps that “exaggerate” the fuel shortages.#Herald
* Aggregate value of exports in the #Horticulture🍊🥑 sector increased from US$28.6 million in 2017 to US$39 million in the same period in 2018. Increase in exports of oranges and mange tout peas, among others, was noted as an attribution.
*Between 1 Feb-31 Oct 2018, Zim’s total #exports amounted to US$3.2billion, a 23% increase from US$2.6billion recorded in the same period in 2017 *Largest market for Zim products is 🇿🇦 taking 49% of total exports, followed by 🇦🇪20%, 🇲🇿10%, 🇿🇲2%, 🇧🇪1%, 🇨🇳1%, 🇧🇼 1% among others..
Agriculture provides 60% of industry's raw materials while 40% of manufacturing sector output is absorbed by agriculture. @edmnangagwa @MthuliNcube @zfu_official @SeedCoGroup @QutonSeeds @PGambara @peezack @basera_john @zadtonline @Busisa74 @nigelchanakira agrinews.co.zw/markets/2018/0…
Currency debate: economics professor Ashok Chakravati proposes a ‘hybrid system’ to manage forex - keep half at 1:1 for key imports, auction the other half on an open market. Check out his proposed 5 steps to economic recovery here newzwire.live/forex-markets-…
Forex debate: to free the rate now or not? @JoeMutizwa says freeing the exchange rate immediately will “put the economy in a much more perilous position than it currently is”. Instead, “we should move gradually” on currency reforms.
Matthew Harrington, US Deputy Assistant Secretary for Africa, says @MthuliNcube’s budget is “positive and will make an impact”, but the US is still far off from ending sanctions, or providing debt relief or new credit until Zimbabwe turns rhetoric into action.
VIDEO: Shanthar Pathmanathan, CEO of Lithium Consolidated, speaks on the company’s recent mine acquisitions in Zimbabwe and outlook for lithium mining
Investing in the capital market is risky as there are equal chances of one losing money or making positive returns. To minimize losses, although there is no guarantee, investors must seek advice from registered stockbrokers or licenced financial advisors.
Powerspeed declared a final dividend of 0.4c per share with a scrip option payable in payable in respect of all the ordinary shares of the company. The dividend will be payable in full to all shareholders of the company registered at the close of business on 21 December 2018
A dual listed company comprises 2 separate legal entities functioning as one through a profit sharing agreement, & equalization ratios to keep their respective economic performances pegged to each other but retaining separate listings & legal identities. #listings #economicgrowth
Liquidators have frozen R41.5 million ‘linked’ to Kamushinda in SA-Namibia bank probe, reports newzwire.live/liquidators-fr…
Global Credit Rating company Moody’s ranks #Zimbabwe economic program, the Transitional Stabilisation Programme (TSP) as creditor positive and transformative for Zimbabwe economy. bit.ly/2rgpttc
Bindura Nickel company has said it is further suspending refinery upgrade until global prices have firmed. The refinery will have capacity to process third party ore. Viability price per tonne is at $18k/tonne.
Zimbabwe govt is to hold 46% of diamond mines under new policy, and may waiver local ownership to allow more foreign shareholding newzwire.live/zimbabwe-govt-…
LATEST MONETARY Stats 1)Domestic debt grew by 78% YoY from $5.26b(Sept 17) to $9.37b (Sept 18). In the same period Money Supply grew 35% from $7.46b to $10.12b. Interestingly between Nov 17 & Sept 18 domestic debt grew 56.56% from $5.98b to $9.37b
Corporate Actions-04 December 2018
Texas-based Netherland, Sewell and Associates says estimated prospective resources at @energy_invictus’s Muzarabani prospect is 181 million barrels of conventional gas and 680m barrels of oil, which is “giant field potential”. More updates and analysis on @newswireZW shortly
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