The Zimbabwean government plans to speed up exploration, evaluation and digitalization of selected reserved mining areas under the Ministry of Mines and Mining Development as part of wider measures to achieve a USD12 billion mining industry by 2023. Read more.
As a way to mobilise more funds for the auction system, the Reserve Bank of Zimbabwe (RBZ) revised the forex retention threshold in January 2021 resulting in exporters surrendering 40% of their earnings to the Central Bank. Read more.
Yesterday saw an easing of stocks after reaching an all time high with the JSE All Share Index (ALSI) breaking through the 69 000 point mark for the first time. 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 […]
Ramaphosa to address policy uncertainty in the mining sector, and South African businesses to support vaccine rollout. Read more.
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