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Edgars louds multi-currency extension

RETAIL clothing giant, Edgars Stores Limited says the Government’s decision to continue with the multi-currency regime until 2030 will go a long way in instilling confidence in the overall economy. In October 2023, President Mnangagwa extended the tenure of the multi-currency regime beyond the initially proposed 2025 cut-off period as previously gazetted in 2019. This…
Sevious Mushosho Edgars Stores Central Bank Edgars Stores Limited President Mnangagwa Jet Chain

Edgars now prefers US dollar accounts

Clothing retailer, Edgars Stores Limited, has reportedly stopped opening new ZWL credit accounts, preferring USD credit accounts and cash purchases. According to a snap survey on selected Edgars branches, existing ZWL account holders are continuing using their accounts. However, they have options to convert their ZWL account balance to USD which is said to have…
Tjeludo Ndlovu Alexander Timburwa Edgars Limited Group National Development Strategy Edgars Stores Edgars Stores Limited

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Quarter to forget for listed Zimbabwean firms

LISTED firms say tight monetary policies introduced at the beginning of the third quarter of 2022 significantly dampened consumption and investment levels in the period under review. This week saw a flurry of trading updates from listed firms, with the majority reporting a massive decline in sales volume as aggregate demand suffered from a hawkish…
United States Tjeludo Ndlovu Edgar Ndlovu Sternford Moyo Pikirayi Deketeke Gregory Sebborn

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