Kudzanai Gerede Business Correspondent The cash crisis that choking the country has divided opinion on what stance Government should take in order to subvert the challenge, with the debate taking centre stage in a recent Parliamentary post-budget workshop held last week on Monday in Harare.
Kudzanai Gerede Business Correspondent On the backdrop of a tumultuous 2017, experts are confident the year 2018 will bear a much positive outcome for the economy particularly with regards to increased investment flows into the country expected to be the key determinant for economic growth.
Rumbidzayi Zinyuke Senior Business Reporter Zimbabwe and many other sub-Saharan economies that rely on commodities could be set for a year of mixed fortunes as some market fundamentals of supply and demand seem favourable to price increases in 2018 while some metals like gold and platinum are headed for a tough year. Economic activity in […]
Rumbidzayi Zinyuke Senior Reporter Retailers say they are working on addressing the root cause of the current wave of price increases that has seen some basic commodities go up by more than 50 percent. Prices have been going up since the middle of the year but retailers last week effected more increases leading to an […]
Kudzanai Gerede Business Correspondent As the 2017 draws to an end, Post Business looks at some major economic highlights that characterised the business outlook throughout the course of the year. The economy traversed a challenging terrain with enormous headwinds chief among them being the acute cash shortages, high premiums for cash on Real Time Gross […]
The Reserve Bank of Zimbabwe (RBZ) has bailed out a number of fertiliser and chemicals producing companies to the tune of $20 million as the country moves to avert potentially devastating shortages in the current agricultural season. The funding comes at a time when most crops across the country are in need of both Compound […]
Liberty Dube Business Correspondent MOST hotels in the Eastern Highlands were fully booked during this festive season, the Hospitality Association of Zimbabwe revealed. HAZ chairman Mr Clive Chinwada said most hotels such as Troutberk Inn, Holiday Inn, White Horse Inn, Golden Peacock Villa Hotel, Montclair Hotel and Casino among others, recorded high occupancy rates. Some […]
The rand was back under R12,50 to the dollar on Wednesday morning, strengthening more than 2 percent over Christmas on reports the new ANC national executive committee (NEC) wants President Jacob Zuma’s resignation. City Press reported on Christmas Eve that ANC president Cyril Ramaphosa and secretary-general Ace Magashule would lead discussions with Zuma to persuade […]
Kudzanai Gerede Business Correspondent Last week, Finance and Economic Planning Minister Patrick Chinamasa presented the 2018 National Budget, which has been widely applauded by analysts for being economical at a time excessive spending on recurring expenditure was straining public finances for capital projects.
Senior Business Reporter Government has plans to fund and co-ordinate extension support towards horticulture producers in a bid to increase production from 2018. The programme, which will target commercial and smallholder producers, will see identified farmers receive support in the form of financial and extension services. This was revealed by Finance and Economic Development Minister […]