The Fool

Economic Columnist at FinX Zimbabwe. Still finds to laugh even at an advanced age!

[Happi Zengeni-Manyere @happ_zenge]

A Cimas afternoon with participants of the @FinxZim platform

Cimas is a mutual society established in 1945

[Financial Express @FinxZim]

Listen to the most recent episode of the @tambarara podcast: IMF Africa Director responds to a question on Zimbabwe's economic growth projections https://t.co/Wd4ty4XOSq

[Happi Zengeni-Manyere @happ_zenge]

Those of you into investments..

A Happi is hosting these ladies for informed insights into ETFs!

Save the date and visit @SECZIM for login info...

[Financial Express @FinxZim]

Gold deliveries to @FPR_ZW improved 54.57% in March to 1.8 tonnes from February's 1.17t as weather conditions improved. However, cumulative deliveries for the quarter saw a 30.48% decline to 3.98t from the 5.72t achieved in year ago quarter. #Q1

[Happi Zengeni-Manyere @happ_zenge]

Forget Zoom... Zimbabwe now has it's own home grown meetings app... Mkutano (Swahili for meeting)... Try them out!

[Financial Express @FinxZim]

Strict monitoring of the Reserve Bank's foreign currency auction system

[The Fool @ChipsFinX]

@susshy23 @FinxZim RBZ. Statement out before end of month

[The Fool @ChipsFinX]

Total remittances into Zim in 2020 rose 42.57% to US$1.647 billion. According to the Reserve Bank of Zimbabwe, of that amount, US$1.002 billion came from individual diaspora remittances - the highest ever -  stamping remittances as an important contributor to exchange receipts.

[The Fool @ChipsFinX]

🔻
Gold deliveries slump 60% to lowest January performance in five years weighed down heavily by the incessant rains, impact of lockdown on production and payments and the unfavourable export payment regime.

[Happi Zengeni-Manyere @happ_zenge]

Annual inflation for January rises to 362.63% from 348% in December. Government is targeting average inflation of 135% in 2021. Monthly inflation at 5.43% from 4.22%.

[The Fool @ChipsFinX]

Gold export receipts were up a marginal 1.22% in 2020 helped by firm global prices even though total deliveries were down 31% says @FinxZim. According to stats from the Reserve Bank of Zimbabwe, gold earnings were US$1.077 bln last year from US$1.064 billion received in 2020

[Prosper Mwedzi @prosmoon]

@ChipsFinX @FinxZim This shows that there is a lot of untapped potential from the diaspora. If the conditions become right, individuals might see a big opportunity to invest this money into projects which can benefit the country. At the moment most of these funds are hand to mouth supporting family

[Happi Zengeni-Manyere @happ_zenge]

So it's now PGMs, Remittances then Gold

[Financial Express @FinxZim]

Just In: Zimra Commissioner General Faith Mazani has resigned from the tax collector to pursue a regional opportunity with one of the IFIs.

[Financial Express @FinxZim]

State Capture: Swiss oil firm hounded out of Zim https://t.co/JTEE2KgdMK via @TheAnchorZim

[Happi Zengeni-Manyere @happ_zenge]

Natfoods marked a 100 years on Friday, July 3. There are few companies in Zimbabwe that have managed to raise the bat and we should salute Natfoods for its longevity. https://t.co/DhBt6KtOBm via @FinxZim @TheAnchorZim

[The Anchor Zimbabwe @TheAnchorZim]

Zamco resolves $452 mln debts in May including ZC’s $32 mln

 Zimbabwe Asset Management Company (Zamco) has so far resolved $452 million of the bad debts it mopped up and said they are still in line to meet... https://t.co/Y3t3alOJYf via @TheAnchorZim @willoe_tee @FinxZim

[Happi Zengeni-Manyere @happ_zenge]

ZSE’s @ZSE_ZW obsure relationship with Government

The late Bernard Chidzero has a headline attributed to him in The Herald screaming: ZSE, the harlot of the economy (November 30, 1981) https://t.co/sCeoQ1bfhN

[Financial Express @FinxZim]

A decision which reduces US$142 000 to fraction of its value cannot be defended in a democratic society founded upon the values enshrined in the Constitution. It in substance manifestly violates the right to property, https://t.co/fi9VfY4wvA via @TheAnchorZim @happ_zenge

[Financial Express @FinxZim]

Rhodesia’s Daylight Saving Experiment of 1920

Pic - Smit’s store on Baker Avenue, now Nelson Mandela, where Bata store stands (the warehouse just beyond is the site today of Harvest House and note the Dutch Reformed Church in the background
https://t.co/nOo6g90hqo @happ_zenge