Most Zimbabwean consumers are still purchasing groceries from traditional brick and mortar grocery stores which appears to be lagging in online grocery retailing. Read more.
Business and financial news from the African continent.
The RBZ governor has raised cash withdrawal limits by 100%, which is from ZWL$1000 to ZWL$2000 as of February 2021 although this figure appears to be very huge nominally and at face value, it does not bode well with market expectations. Read more.
Zimbabwe’s industry capacity Utilisation rose by 11 percentage points to 47% in 2020 from 36,4% in 2019 buoyed by improved foreign currency availability, increased sales, retooling, Confederation of Zimbabwe Industries (CZI) revealed this week. Read more.
Property returns were above inflation in 2020 but unstable currency has been chasing away sellers as they are terrified to lose value leading to unstable valuation inputs in the sector. Direct property composite returns stood at +401%,listed property at +1,427% while CPI was at +348,58% during the period. An paper presented by Old Mutual Zimbabwe […]
The effects of lockdowns on Real Estate sector have pushed many occupants to request moratoriums from property owners and managers as government show ignorance on the challenges faced by tenants. Read more.
Businesses operating in Zimbabwe will have to be nimble enough to manage switching suppliers and maintain liquidity to survive periods of low sales in 2021 while investors should seek exposure in companies that have defensive business models. These include those that are cash generative, export oriented and not dependent on local economies. The comes as […]