Simbisa to open 18 new outlets

Simbisa to open 18 new outlets

ZIMBABWE’s largest fast-food chain, Simbisa Brands Limited (Simbisa), has revised upwards its new outlets target for the current financial year from 15 to 18 despite operational challenges posed by the COVID-19 pandemic. The group aims to spend about US$10 million on...
RBZ warns greedy retailers

RBZ warns greedy retailers

THE Reserve Bank of Zimbabwe (RBZ) says it is highly impressed with how the foreign currency auction has helped stabilise prices and the exchange rate, but expressed strong reservations over selected beneficiaries that have continued to set prices using parallel...
Forex auction bid band narrows, stability enhanced

Forex auction bid band narrows, stability enhanced

The ruling exchange rate between the Zimbabwe dollar and the United States dollar depreciated by 4.7 percent to $72.1470 at yesterday’s foreign currency auction amid further narrowing of the bid band, more private holders of foreign currency using the auction to sell,...
Budget: Govt needs to promote Zimdollar use

Budget: Govt needs to promote Zimdollar use

Finance and Economic Development Minister Professor Mthuli Ncube, is today expected to present the 2020 Mid-Term Budget Review that economic players say should focus on measures that create an appetite for the Zimbabwe dollar, a move that will stabilise the exchange...
Budget review set for next week

Budget review set for next week

Finance and Economic Development Minister Professor Mthuli Ncube, is expected to present his Mid-Term Fiscal Policy Review and ministerial statement on the state of the economy in Parliament on next Thursday Speaker of the National Assembly Advocate Jacob Mudenda on...