Market report: Command agriculture to make Zim a bread basket

04 Sep, 2016 - 00:09 0 Views

The Sunday News

THE Government’s initiated command agriculture can revive the country’s agriculture again and make the economy tick.

Zimbabwe is traditionally an agriculture-driven economy and any initiatives to revive the sector must spur investors to take a keen interest in the country.

Investors can also start pouring money into agro-based concerns as they will rely on the anticipated increased output from the sector for growth.

Meanwhile, the Industrial index closed the week stronger at 99.04 points after gaining 0.15 points (0,15 percent). Old Mutual continues to climb after adding $0,0623 to close at $2,6500.

Simbisa Brands increased by $0,0100 closing at $0,1300 while Axia also gained $0,0010 to close at $0,0330.

Heavyweights Delta and Econet both lost $0,0034 and $0,0010 to close at $0,6299 and $0,1970 respectively.

Week on week the industrials lost 0.86 points (0,86 percent).

The Mining index was unchanged at 26.32 points. Bindura, Falgold, Hwange and RioZim remained unchanged on previous price levels at $0,0120, $0,0050, $0,0300 and $0,1710 in that order.

The mining index remained unchanged compared to week ending 26 August 2016.

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