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IN light of recent developments following the introduction of Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), and its subsequent impact on the stock market, The Southern African Times has conducted an exclusive interview with Justin Bgoni, CEO of the Zimbabwean Stock Exchange (ZSE). Motivated by a recent Bloomberg report titled “Zimbabwe’s ZiG Wipes Out 330% Stocks…
Zimbabwe is considering overhauling its exchange-rate regime as the government seeks new measures to save its beleaguered currency. The latest proposals will be in a monetary policy statement the Reserve Bank of Zimbabwe and Treasury are jointly working on, according to governor John Mangudya. Zimbabwe President Emmerson Mnangagwa on Tuesday signalled a revamp, following the
NRZ slapped with US$236m lawsuit SOUTH Africa-based business syndicate, the Diaspora Infrastructure Development Group (DIDG), has filed a lawsuit at the High Court demanding damages amounting to a staggering US$236 million from the National Railways of Zimbabwe (NRZ) after government unilaterally terminated its US$400 million contract to recapitalise the country’s out-of-date rail system. Tinashe Kairiza As revealed by this newspaper in its exclusive series on the botched deal, Attorney-General Prince Machaya advised Transport minister Joel Biggie Matiza on the legal consequences of rever...