Kudakwashe Taimo

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Articles

Tackling exchange rate disparities, strenghtening ZiG’s market value

1 month ago | theindependent.co.zw | Kudakwashe Taimo |Tatira Zwinoira |Tinashe Kairiza |Gamuchirai Nyamuziwa

THE government has launched a nationwide programme to integrate unregistered businesses into the formal economy by distributing point-of-sale (POS) machines, now a prerequisite for obtaining operating licences. While this initiative seems promising to the average citizen, a key concern remains: Will businesses transact at interbank rates or parallel market rates?
Top asset classes to consider

Jan 22, 2025 | theindependent.co.zw | Kudakwashe Taimo |Tinashe Kairiza |Julia Ndlela |Mthandazo Nyoni

ZIMBABWE'S investment environment presents unique challenges, including policy inconsistencies, currency volatility, exchange rate disparities, and a dominant informal sector. Navigating these complexities to ensure capital preservation and potential recovery is crucial for investors in 2025. While individual risk appetites and goals vary, capital preservation and reduced risk remain priorities. As Warren Buffett famously said: “Risk comes from not knowing what you’re doing”.
What firms need to sustain

Jan 10, 2025 | theindependent.co.zw | Kudakwashe Taimo |Shame Makoshori |Julia Ndlela |Tinashe Kairiza

BEFORE the introduction of Zimbabwe Gold (ZiG) currency, a survey by top financial analyst highlighted a harsh reality: Within just six hours of receiving Zimbabwean dollars, most individuals would have already spent them. By the close of 2023, the currency crisis had deepened, with the parallel exchange rate of US$/ZWL reaching 10 500, while the auction rate lagged behind at a 72% discount.
National assets on the line: Game changer or red flag?

Dec 20, 2024 | theindependent.co.zw | Kudakwashe Taimo |Julia Ndlela |Tinashe Kairiza |Tendai Makaripe

Opinion IN late November, Finance, Economic Development and Investment Promotion minister Mthuli Ncube unveiled Zimbabwe's 2025 national budget, which outlines planned expenditures of ZiG276 billion and projected revenues of ZWG 270 billion. For many, these figures still seem abstract, making it challenging to make some sense out of them.
Will the VFEX spark or stall?

Dec 19, 2024 | theindependent.co.zw | Kudakwashe Taimo |Tinashe Kairiza |Julia Ndlela |Tafadzwa Mhlanga

THE Victoria Falls Stock Exchange (VFEX), a subsidiary of the Zimbabwe Stock Exchange (ZSE) was established in 2020 to kick-start the Offshore Financial Services as a United States dollar (USD)-denominated bourse, operating within Victoria Falls special economic zone. Before its commencement, trading on the ZSE was halted for a month before a green light for continuation was waived. Upon resumption, all counters resumed trading except for Old Mutual Limited, PPC Limited and Seed Co International.
Zim Stock Exchange performance and projections

Dec 13, 2024 | newsday.co.zw | Kudakwashe Taimo

ALL indices on the Zimbabwe Stock Exchange (ZSE) were rebased to the Zimbabwe Gold (ZiG). This marked the beginning of a new era. The first quarter of the year was marked by hyperinflation, while the second quarter saw a more stable exchange rate and gradually improving liquidity. During the second quarter, both penny stocks and blue chips experienced a bull run, largely due to the policy change that reduced the capital gains withholding tax to 2%.
Capital markets: Delistings and the need for reflection

Jun 30, 2024 | theindependent.co.zw | Shame Makoshori |Tafadzwa Mhlanga |Freeman Makopa |Kudakwashe Taimo

ZIMBABWE’S capital markets are witnessing a whirlwind of activity that warrants a moment of introspection. In this last quarter of 2024 alone, significant developments are reshaping the markets landscape. One notable event is the delisting of National Foods from the Victoria Falls Stock Exchange (VFEX). Just two years ago, this food manufacturing giant transitioned from the Zimbabwe Stock Exchange (ZSE) to VFEX.
Top asset classes to consider

Jan 17, 2024 | newsday.co.zw | Kudakwashe Taimo

ZIMBABWE'S investment environment presents unique challenges, including policy inconsistencies, currency volatility, exchange rate disparities, and a dominant informal sector. Navigating these complexities to ensure capital preservation and potential recovery is crucial for investors in 2025. While individual risk appetites and goals vary, capital preservation and reduced risk remain priorities. As Warren Buffett famously said: “Risk comes from not knowing what you’re doing”.