Forex Rates

Forex rates

Parallel market rates this week   last week
US$1 = from Z$410,000 – 430,000   310,00
GBP1 = Z$790,000     650,000
SAR1 = from Z$65,00 - 70,000     47,000
Pula1  ...

NEDPP target a mirage as forex market slumps

NEDPP target a mirage as forex market slumps

HARARE - The stock market closed last week on...

Bus fares soar as fuel pumps run dry

Bus fares soar as fuel pumps run dry

BULAWAYO - Commuter omnibus operators are set to increase...

Heavy cost for mortgaging resources to China

HARARE - Zimbabwe's long-term economic survival prospects look dimmer by the day with analysts warning that...

NEDPP’S fantasy economics

The announcement earlier this year of another economic turnaround package - the National Economic Development Priority...

PERCENTAGE OF NATIONAL ECONOMY IN ZANU (PF) HANDS


                              GDP    ZANU  %of total GDP
AGRICULTURE       15    ...

Chinese eye methane gas reserves in Lupane

BULAWAYO - A high-powered Chinese delegation was in Zimbabwe last week to explore vast methane gas...

Govt barters chrome for power

HARARE - Zimbabwe and China have signed a deal worth US$1.3bn that will see the development...

Good rains improve harvest

HARARE - The harvesting of maize and other main season crops is almost complete. Rainfall this...

Stock market over-valued

HARARE - Following the 8-day impasse that halted trading on the ZSE a fortnight ago the...

Zimra, stockbrokers lock horns over VAT

HARARE - The stalemate between the Zimbabwe Revenue Authority (ZIMRA) and Stockbrokers over VAT resulted in...

Govt raids stock market

HARARE - A desperate Zimbabwe government, hard-pressed for cash, has raided the Zimbabwe Stock Exchange (ZSE)...

Dimension of desperation distorts wage negotiations

BY ERIC W. BLOCH
BULAWAYO - The plight of Zimbabwean Labour is intensifying exponentially, with the woes...

Nationalisation of mines still on the table

VICTORIA FALLS - Proposals by President Robert Mugabe's government to take control of foreign-owned mines are...

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