Broke govt cuts spending amid tight fiscal space
In a circular dated November 13, 2024, obtained by NewsDay, Finance, Economic Development and Investment Promotion ministry secretary George Guvamatanga painted a gloomy picture.
By Melody Chikono
Nov. 18, 2024
FBC implements proactive strategies amid economic turmoil
As of September 30, 2024, FBC’s total assets were ZiG17,3 billion and shareholder funds were ZiG3,9 billion.
By Tatira Zwinoira
Nov. 17, 2024
‘Access to food markets to be constrained till May 2025’
This is because some livestock, especially cattle, will not have fully recovered following the extended drought since late 2023.
By Tatira Zwinoira
Nov. 7, 2024
Old Mutual shifts investment strategy amid currency woes
The Zimbabwe Gold (ZiG) is continually losing value, threatening the viability of businesses as the negative effect of the depreciation is eroding revenues and investment returns.
By Melody Chikono
Nov. 7, 2024
Market confidence in ZiG low: IH Securities
The ZiG’s stability is premised on controlling money supply and fiscal expenditures as well as ensuring enough foreign currency reserves to back it.
By Gamuchirai Nyamuziwa
Nov. 4, 2024
The day Parly, Cabinet slept
Both Cabinet and Parliament should be woken from their slumber.
By Paidamoyo Muzulu
Nov. 2, 2024
‘Banking sector struggling amid currency volatility’
Profits in some banks, he noted, are bolstered by foreign currency gains and investment revaluations.
By Tafadzwa Mhlanga and Freeman Makopa
Nov. 1, 2024
Govt sleeping at the wheel
The administration has allowed the statutory instrument that introduced the Zimbabwe Gold (ZiG) to lapse before it could enact primary legislation to make the local currency a legal tender.
By Newsday
Oct. 29, 2024
Choppies mulls Zim exit
The stress is caused by instability of the Zimbabwe Gold (ZiG) currency that was introduced in April to replace the Zimbabwe dollar as the official domestic currency.
By Tatira Zwinoira
Oct. 29, 2024
