sit po ts de en % ym 25 a n p o For All Your Environmental Compliance Services According To Environmental Management Act sit (Chapter 20:27) po ts de en Registered With Environmental Management Agency % ym 25 a In Pursuit of Environmental Excellency n p o For All Your Environmental Compliance Services According To Environmental Management Act (Chapter 20:27) sit Registered With Environmental Management Agency For all your po ts e en In Pursuit of Environmental Excellency d m 5% y 2 pa Environmental and Social Impact Assessment (ESIA) on ‛FINANCE BILL ILLEGALLY IMPLEMENTED’: Page 4 For All Your Environmental Compliance Environmental and Social Management Plan (ESMP) Services According To Environmental Management Act $4 (ChapForter 20 :2all7) your Environmental Management Plans Registered With Environmental Management Agency In Pursuit of Environmental Excellency Environmental and Social Impact Assessment (ESIA) Environmental Monitoring and Audit System Environmental and Social Management Plan (ESMP) Integrated Waste Management Systems Environmental Management Plans Sand and Gravel Abstraction Licences For all your Environmental Monitoring and Audit System Mining Technical Advice Environmental and Social Impact Assessment (ESIA) Integrated Waste Management Systems Feasibility Studies Environmental and Social Management PlanSand (ESMP) and Gravel Abstraction Licences News Worth Knowing Environmental Management Plans Mining Technical Advice Sakunda boss buys ZimAlloys: Page 3 Environmental Monitoring and Audit SystemFeasibility Studies JanuaryIntegrated 24-30 2019 Waste ManagementESTABLISHED Systems 1969 @ FingazLive www.fi ngaz.co.zw Facebook: The Financial Gazette sit po ts it de en os % ym p ts 25 a de Sanden and Gravel Abstraction Licences n p FOR FURTHER INFORMATION AND DETAILS CONTACT % ym o For All Your Environmental Compliance 25 a n p o For All Your Environmental Compliance A.A. Mapza: Tel.:T +263 (04) 772 740 Services AccordingSuite To E 25Anviro Mezzaninenmental Ma Floornagement Act (Chapter 20:27) Mining Technical AdviceServices Accord ing To Environmental Management Act Cell: +263 774 259 563 / +263 713 059 048 Zimdef House Rottonotton RowRow TTafadzwaafadzwa Cell: +263 735 689 271 Registered With EHararenvironm Zimbabweental Management Agency (Chapter 20:27) In Pursuit of Environmental Excellency Feasibility Studies Registered With Environmental Management Agency Email: [email protected] In Pursuit of Environmental Excellency FOR FURTHER INFORMATION AND DETAILS CONTACT For all your Environmental and Social Impact Assessment (ESIA) For all your A. Mapza: Tel.: +263 (04) 772 740 Suite 25A Mezzanine Floor Cell: +263 774 259 563 / +263 713 059 048 Zimdef House Rotton Row Environmental and Social Management Plan (ESMP) Environmental and Social Impact Assessment (ESIA) Tafadzwa Cell: +263 735 689 271 Harare Zimbabwe Environmental Management Plans Environmental and Social Management Plan (ESMP) Email: [email protected] Environmental Monitoring and Audit System Environmental Management Plans ZSE Report Confidence Integrated Waste Management Systems Environmental Monitoring and Audit System THE All Share index retreat- Sand and Gravel Abstraction Licences Integrated Waste Management Systems ed by 0,98 percent yesterday FOR FURTHER INFORMATION AND DETAILS CONTACT Mining Technical Advice to close at 159,24 points. Old Sand and Gravel Abstraction Licences A. Mapza: Tel.: +263 (04) 772 740 Suite 25A Mezzanine Floor Feasibility Studies Mutual dropped $1,1013 to MiningCell: Technical +263 774 259 Advice 563 / +263 713 059 048 Zimdef House Rotton Row close at $8,9990, while Econet Tafadzwa Cell: +263 735 689 271 Harare Zimbabwe lost $0,1036 to close at $1,5634 Feasibility Studies at itsEmail: [email protected] lowest and Cassavs Smartech traded $0,0103 lower at $1,5601. The Industrial Index was down by 1,03 percent to close at 531,66 FOR FURTHER INFORMATION AND DETAILSpoints, asCONTACT the Top 10 index lost A. Mapza: Tel.: +263 (04) 772 740 1,51 percentSuite 25A to Mezzanine close Floorat 160,66 Cell: +263 774 259 563 / +263 713 059 048 Zimdef House Rotton Row Tafadzwa Cell: +263 735 689 271 points. HarareThe ZimbabweMinings index Email: [email protected] on 2,49 percent to close at levelFOR FURTHER INFORMATION AND DETAILS in CONTACT Zim, 212,19 points. A. Mapza: Tel.: +263 (04) 772 740 Suite 25A Mezzanine Floor Cell: +263 774 259 563 / +263 713 059 048 Zimdef House Rotton Row Tafadzwa Cell: +263 735 689 271 Harare Zimbabwe Currencies (Bloomberg) % change Email: [email protected] USD:ZAR 13,8679 0,75 ◀ EUR:USD 1,1354 0,05 ◀ ◀ GBP:USD 1,3026 0,56 analysts say USD: JPY 109,9600 0,54 Stock Markets ZSE (All Share) 159,24 0,98 ◀◀◀ ◀ Ndakaziva Majaka “It is a typical case of confi dence shortfall... ZSE (Mining) 201,46 4,17 and Omega Ukama Business is suffering and as such, ordinary Zim- JSE 16 880,00 ◀ 0,30 FTSE 100 6 865,42 ◀ 0,52 Staff Reporters babweans as well,” he said, adding that “if the 1,00 president wants to restore confi dence, he must Dow 24 647,49 USINESS confi dence in the country has engage his opposition ... A political solution will Commodities (Bloomberg) 0,34 once again hit rock bottom owing to Zim- rid this country of half the problems it has”. Gold 1 279,10 ◀ ◀ babwe’s worsening operating environ- Former Finance minister Tendai Biti also con- Platinum 792,12 0,14 ◀ B Brent Oil 61,83 0,54 ment and the erratic decisions of President Em- curred saying Zimbabwe was battling an acute merson Mnangagwa’s government. confi dence crisis which could only subside if the This comes as the economy has recently suf- government addressed the country’s economic Grains (Grain SA) White Maize ZAR 2 079,91 0,2 fered severe new shocks in the form of steep fuel fundamentals. ◀ Soya ZAR 4 656,99 ◀ 0,4 price hikes, galloping infl ation, escalating pro- “Confi dence is the main problem. Zimbabwe- ◀ Wheat ZAR 2 669,162 0,8 duction costs, growing labour unrest and an in- ans do not trust the system and they are justifi ed creasingly unstable political situation. in their suspicion. To restore confi dence, cer- “It has been like a see-saw since tain fundamentals need to be fi xed,” he I will not tolerate November 2017. Business con- said. fi dence was considerably high “They need to deal with fi scal insurbodination: ED until last September when we indiscipline, the budget defi cit PRESIDENT Emmerson Mnan- started to have serious shortag- and also implement structural gagwa has condemned “the vio- es of foreign currency which reforms. Issues like contain- lence and misconduct” by his led to shortages of raw mate- ing the wage bill, monitoring security forces in the aftermath rials,” Confederation of Zim- expenditure and getting rid of of January 14 to 16’s fuel riots. babwe Industries (CZI) pres- corruption are also important,” This also comes as the Zanu ident, Sifelani Jabangwe, told Biti said. PF leader has reportedly sur- The Financial Gazette this week. “We are where we are be- vived an ouster bid by legislative “The lawlessness that we saw cause of a lack of confi dence and members of his party, two loyal- last week, with destruction of proper- this needs to be addressed urgently,” ist supporters claimed Monday. ty and business disruptions, is also likely the feisty lawyer said. “...l announced measures to to dampen confi dence levels,” he said. Apart from the security-linked concerns, stabilise our nation’s crucial fuel “At this point, the outlook for the fi rst quarter investors’ confi dence in the country has been supply. I was aware that these ZIMBABWE International Trade Fair marketing and public re- of 2019 is dark because of all the prevailing hin- dented by some large corporates’ — including measures may not be popular… lations manager Stella Nkomo in Bulawayo recently. The annual drances,” Jabangwe added. cigarettes maker BAT, Delta Corporation, cement What followed was regrettable exhibition, which is turning 60 in April this year, provides an ideal Chris Mugaga, the Zimbabwe National producers Lafarge and PPC as well as South Af- and tragic. Chaos and insubor- engagement platform for both local and international investors, Chamber of Commerce (ZNCC) chief executive, rican Airways’ — failure to repatriate hundreds dination will not be tolerated,” offering consultative opportunities that are crucial for economic weighed in saying the country was now reeling of millions of dollars in dividends, and funds to Mnangagwa said on Twitter. growth. from a “serious confi dence defi cit”. their foreign shareholders. To Page 2 — Staff Reporter Page 2 | January 24-30 2019 The Financial Gazette National News ‘Confidence at its lowest level in Zim’ From Page 1 Ndlovu has, however, accused local busi- new Zim dollars are malignant and must be in 12 months have added fuel to the econo- As a result, foreign direct investment — which nor- nesses of “failing to take responsibility” for removed,” he said. my’s woes, analysts said. mally follows domestic direct investment (DDI) — is their part in the mess that the country finds “If left in the monetary system, Gresh- And Zimbabwe’s paltry foreign reserves at its lowest level since DDI has also suffered from itself in. am’s Law will continue to force US dollars — which had plummeted to $200 million, a hostile local environment marked by runaway infla- “Of course, we have a confidence prob- out of the system and to be put ‘under the against a required $1 billion cover as at the tion, policy inconsistencies and other dangers precipi- lem in this country and as government we are mattress’ — causing a huge artificial short- end of September 2018 — are said to be too tated by Mthuli Ncube’s austerity measures. doing our best to address this through vari- age of US dollars,” Hanke said. inadequate to sustain a local currency. The problems also include resurgent factionalism ous policy measures,” he said.