INTERNATIONAL – The International Monetary Fund is supportive of Zimbabwe's economic policy reforms, but says the success of recently instituted currency reforms will depend on wholesale implementation of effective monetary and fiscal measures as investors and other funders weigh their options. Inflation has ratcheted up to more than 50 percent and foreign currency shortages are resulting in shortages of key commodities such as fuel and imported raw materials for productive sectors.
The economic challenges that Zimbabwe is facing have frustrated investors, with funders pulling out. Zimbabwean companies such as Simbisa Brands have stayed plans to list in London until certainty is restored to the economy. Discussions that would have seen a UK-based purchase a shareholding stake in Bindura Nickel Corporation - controlled by Asa Resources - collapsed this month, a result that market watchers said was because of heightened economic uncertainties.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Zimbabwe secures nearly $1bn offshore loans to prop up economy: central bank | IOL Business ReportThe Trade and Development Bank chipped in with $152 million dollars while the Central Bank of Mozambique advanced 25 million dollars. busrep One things I've learned, if you're in deep financial trouble and you keep on borrowing, you're burying yourself.
La source: IOL - 🏆 46. / 51 Lire la suite »
Zimbabwe central bank borrows $985m from African banks | IOL Business ReportThe nation ditched a discredited 1:1 dollar peg for its surrogate bond notes and electronic dollars, merging into a lower-value transitional currency busrep Who loans Zim money?
La source: IOL - 🏆 46. / 51 Lire la suite »
Property investors need to be flexible | IOL Business ReportThere are those who believe you should never sell an investment property especially if it’s paid off, generating an income ...
La source: IOL - 🏆 46. / 51 Lire la suite »
Facebook plans to create crypto-coins for WhatsApp - reports | IOL Business ReportReports state that the coin would allow users to transfer money on WhatsApp and that it would be a type of digital currency pegged to the US dollar.
La source: IOL - 🏆 46. / 51 Lire la suite »
PSA demands immediate action to be taken against Gungubele | IOL Business ReportPSA has called for steps to be taken against Deputy Minister of Finance, Mondli Gungubele, following revelations at the PIC Commission of Inquiry.
La source: IOL - 🏆 46. / 51 Lire la suite »
LOOK: This Cape Town property raises price ceiling to R22.5m | IOL Business ReportThe price ceiling for a Cape Town City Bowl apartment has just lifted to a record price of R22.5 million for a luxury penthouse in Higgovale.
La source: IOL - 🏆 46. / 51 Lire la suite »
Cassava Fintech launches cross border money service from SA to Africa | IOL Business ReportCassava Fintech South Africa has launched an enhanced cross-border money transfer service from South Africa to the rest of Africa
La source: IOL - 🏆 46. / 51 Lire la suite »
Goodbye Taxify, Bolt is here to speed up growth | IOL Business ReportBolt previously known as Taxify said the name will reflect their mission of building ways to move in cities, be it by car, scooter or motorbike.
La source: IOL - 🏆 46. / 51 Lire la suite »
Absa restructuring puts hundreds of jobs at risk | IOL Business ReportFinance labour union Sasbo was notified to begin consulting staff on the potential impact of the move, union representative Philip Landman said. busrep Interesting that all the banks are shedding staff - Nedbank had net reduction in headcount, as did Standard and now Absa. Shows what technology in particular can do.
La source: IOL - 🏆 46. / 51 Lire la suite »