Is the property market picking up?
WE cannot doubt that property prices have bottomed and what remains now is to watch and see how they react to various pressures in the economy.

Mimosa to raise $500m.
PLATINUM miner Mimosa Mining Company is planning to raise US$500 million through an initial public offer as the firm seeks to both expand its operations and comply with the new indigenisation regulations, it has been learnt.

$30 million for Hwange mine.
AN estimated US$30 million is required for the optimisation of the three production units of the 3-Main Underground Mine at Hwange Colliery Company Limited (HCCL).

Strengthening rand causes discomfort.
THE country’s inflation rate might rise to 13 percent by the end of the year as a combination of speculative activities by businesses and a strengthening rand conspire to scupper some of the progress that has been registered so far, it has been learnt.

NSSA-RTG projects to be completed.
THE National Social Security Authority (NSSA) will this year complete the Beitbridge Hotel and other projects it suspended during the hyperinflationary era, an official said on Friday.

UK inflation remains stubbornly high.
US equity markets finished down for a third consecutive week as the market continued to experience higher volatility. The Vix (fear) index, a measure of volatility expected in equities, rose dramatically and was reminiscent of similar dizzy heights last seen during the depths of the recession.

CSO restructure imminent.
THE restructuring of the country’s Central Statistical Office is on course after the International Monetary Fund became the latest organisation to rail against the entity.

New board for Zipam.
A new board has been appointed for the Zimbabwe Institute of Administration and Management with a mandate to enhance human resources capacity in the public sector.

Arrivals target out of reach: ZCT.
THE number of tourists that will visit Zimbabwe during the soccer World Cup tournament starting in South Africa next month will fall short of the 130 000 initially expected.

Kingstons seeks US$ 1million.
KINGSTONS Limited is seeking US$1 million to recapitalise its operations and return to viability. Kingstons Holdings chairperson Dr Millicent Mombeshora said they have devised short-term and long-term plans as part of their turn around strategies.

Zim external debt to rise to US$7,6bn.
THE International Monetary Fund (IMF) forecasts that the country’s external debt will rise by a further US$500 million to US$7,6 billion by the end of the year as the country continues to face increased challenges in servicing its debts.