Business

A great percentage of humans is employed at a specific organisation or institution however one cannot rely on his or her job forever. As financial analysts we encourage and advice individuals to plan for their retirement while employed. This is the norm for numerous citizens around the globe but the …

On Monday the previous week, Finance and Economic Development minister Mthuli Ncube announced several new measures to help sustain the local currency following months of buttering. His measures followed the continued weakening of the local currency, which declined to $700 to the US dollar on the parallel forex market. Officially, …

WHEN United States economist Steve Hanke wrote a paper outlining how difficult it is for a country to bring back its currency and defend its value after dollarisation in its various forms and shapes, some Zimbabwean government apologists dismissed him as an alarmist and out of touch with reality.  Now …

THE World Bank has classified Zimbabwe as a lower-middle-income country for the current 2023 fiscal year. The Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high income. The classifications are updated each year on July 1 and are based on the GNI per capita of the …

By Kevin Samaita South Africa-based businessman and Agilitee chief executive Dr Mandla Lamba is angling to transform the global electric vehicles industry after announcing a US$20 billion Initial Public Offering (IPO) on the Johannesburg Stock Exchange. The US $20 billion IPO will see the company selling US$ 2 billion (10 …

THE Zimbabwean government gazetted Statutory Instrument (SI) 118A of 2022 on June 28, 2022 as an amendment to the existing Exchange Control Act. The presidential temporary measure compels businesses and traders to sell their products at no an exchange rate above 10 per centum the prevailing interbank rate that is …

GOVERNMENT will soon splurge millions of United States (US) dollars to buy luxury homes for Cabinet ministers and their deputies at a time President Emmerson Mnangagwa’s   administration is battling an unprecedented economic meltdown, which has pushed prices of basic commodities out of the reach of many, the Zimbabwe Independent can …

Real Estate investment firm, Terrace Africa’s newly completed US$20 million Highland Park Mall project, whose first phase was officially opened by President Mnangagwa in Harare on Wednesday, is expected to create at least 450 jobs when the second phase is completed. The shopping mall adds to an existing impressive property …

National Building Society (NBS) posted an impressive set of financial results for the year ended December 31, 2022, closing the trading period under review with a net surplus of $258 million despite realising a monetary loss of $37 million. The surplus achieved for the year represented a 140 percent increase …

ZAPU has accused the government of reducing the supply of the Zimbabwean bond notes on the market in an effort to manipulate the exchange rate. The opposition party said the government is aware that the pricing of goods and services locally was indexed to the exchange rate, so when the …