Market Trends

Stocks plunge as forex rerates

Stocks gave up gains Friday as parallel market rates came down after Finance minister Mthuli Ncube’s news he had secured a government guarantee backing...

IRP STOCKS

RioZim sues RBZ over illegal forex withholding

RioZim Ltd says it is strongly considering instituting legal proceedings against the Reserve Bank of Zimbabwe to compel the central bank to comply with...

Business

Delta H118 earnings jump on increased lager sales

Delta Corporation Limited Group says its profitability and cash flows had improved in the half year to September 30 helped by 33% jump in...

Ncube moves to calm restive markets as economy plunges into crisis

Finance minister Mthuli Ncube moved to calm the markets Wednesday, saying the value of the bond note and the Real Time Gross Settlement (RTGs)...

Economy

IMF and World Bank endorse Zim arrears clearance plan

The World Bank and IMF have endorsed Zimbabwe's road map to clear more than $2 bn in foreign arrears at a meeting in Indonesia...

Money

Investors scurry for safety after Mangudya technically disowns currency

Investors scurried for safety in stocks a day after the central bank’s monetary policy amid concerns over mounting inflationary pressures emanating from a decision...
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