Adelaide Moyo, Business Reporter, Author at The Financial Gazette

Vast seeks US$1m for Zim diamonds

VAST Resources Plc (Vast) says it has issued 595 million placement shares to raise close to US$1 million for its diamond mining venture at Marange. (more…)

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August 15, 2019

Companies & Markets

PPC ropes in Stanbic on legacy debt

PPC, one of southern Africa’s leading cement producers, says it has engaged Stanbic Bank to help the company service its legacy debt. (more…)

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August 15, 2019

Companies & Markets

James North now banking on exports

JAMES North, Zimbabwe’s largest protective wear manufacturer, says it expects to rake in significant profits from exports following depressed demand on the domestic market. (more…)

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August 8, 2019

Companies & Markets

Econet, Cassava top ZSE picks

ECONET Wireless Zimbabwe (Econet) and Cassava Smartech Zimbabwe (Cassava) offer an attractive stand-alone asset positioned to maintain a growth trajectory on the Zimbabwe Stock Exchange (ZSE), a local equities firm has said. (more…)

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August 8, 2019

Companies & Markets

Schweppes targets EU, Asian markets

SCHWEPPES Zimbabwe (Schweppes) says it targets to double exports to new international markets in an effort to generate foreign currency. (more…)

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August 1, 2019

National Report

Paynet closes door on banks

PAYNET Zimbabwe (Paynet) says the impasse with local banks over fees could have been renegotiated had local financial institutions not proved ‘big-headed’. (more…)

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August 1, 2019

Companies & Markets

Prosplastics to miss targets

PROPLASTICS says it is likely to miss its set targets for this year due to low demand and absence of liquidity in the market. (more…)

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August 1, 2019

RBZ holds TBs auction

THE Reserve Bank of Zimbabwe (RBZ) said it is issuing $30 million Treasury Bills (TBs) for the first time in a year as it starts rolling out the government paper via the public auction system. (more…)

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August 1, 2019

Companies & Markets

PPC Zim liquidity risk increases

PPC, one of southern Africa’s leading cement producers, says it is working on a cocktail of measures to secure foreign currency needed to keep its Zimbabwean unit operational. (more…)

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July 25, 2019

Fiscal pressures stalk Mthuli Ncube

FINANCE minister Mthuli Ncube faces a daunting task when he presents a supplementary budget this month-end at a time when a number of negative economic developments are threatening to retard Zimbabwe’s economic growth. (more…)

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July 20, 2019

Saturday, 17 August 2019

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