October 19, 2019
THIS year Standard Chartered Zimbabwe embarked on a digitisation strategy which has seen the country’s oldest bank close down most of its brick and mortar branches across the country. The bank is left with only three physical branches out of 16 it had in 2017. The Financial Gazette’s…
BRITISH American Tobacco Zimbabwe (BAT) has appointed South African Kimesh Naidoo as the company’s new managing director with effect from October 22. (more…)
…
THE total value of transactions processed through the National Payment System (NPS) breached the $10 billion mark for the first time since the country adopted mobile money as the preferred form of transacting in response to persistent cash shortages. (more…)
…
FOREIGN investor participation on the Zimbabwe Stock Exchange (ZSE) weakened in September, accounting for 16 percent of total trades from 34 percent recorded in August. (more…)
…
THE government’s decision to re-introduce the Zimbabwean dollar has created reporting headaches for listed companies, with more firms delaying the release of their financial results. (more…)
…
DAWN Properties Limited (Dawn) says it expects its property developments to spur profits for the year to December 31, 2019 as the company rolls out more projects. This comes after the company announced that its revenue for the half year to June 30 rose to $6,4 million, a…
LAFARGE Cement Zimbabwe (Lafarge) anticipates a decline in full year volumes as demand remains constrained due to the deepening liquidity crisis being experienced in the market. (more…)
…
THE upward review of overnight interest rates by the Reserve Bank of Zimbabwe (RBZ) will neither contain the spiralling inflation nor the rampaging foreign currency rates, but rather stem speculative borrowing, the Confederation of Zimbabwe Industries (CZI) has said. (more…)
…
THE inability of local banks to satisfy demand for cash and fund nostro services is a threat to the financial sector’s viability, a local equities research firm has warned. (more…)
…
ZIMBABWE’S complex regulatory system and red tape is discouraging the growth of start-ups and small to medium enterprises, an economist has said. (more…)
…