The AXiS XLIX

The EQUITY AXIS

Financial Insighs at your fingertips

equityaxis.net @equity axis @equity axis zimbabwe @equity axis @equity axis @equity axis 08677 197 791 @ aaronc[at]equityaxis.net

CONTENTS The AXiS XLIX 14 October 2022

The Cover Economic News & Analysis

While Emmerson Mnangagwa’s administra- 4 Actions Campaign Louder Than Words: Zim’s
tion has made a few minor moves that can economics of broken promises
be seen as signs of development, particular-
ly on the economic front, the existence of a 5 The alchemy of inventive policies: An analysis of
significant disconnect between the govern- Zimbabwe’s recent mining policy mix
ment's reform rhetoric and the reality on the
ground is very notable. Since the new 6 Recession ahead: The cost of Russia's war on
dispensation came into power, livelihoods Ukraine and bad domestic policies
have only gotten worse in real terms accord-
ing to relevant indices. 8 Zim’s unending penalty: Are sanctions the elephant
in the room
The alchemy of inventive policies
10 Cannabis Economics: Listing on the ZSE in the offing?
In his weekly column in the Sunday Mail, 12 IMF: Says Sub-Saharan Africa’s growth to slow to 3.6% in 2022
Zimbabwean President, Emerson Mnangag- 13 Vision 2030: An unrealistic goal for Zimbabbwe
wa penned that the resource-rich nation’s
“response to these spiteful sanctions should Guest Column
always show greater resolve and creativity
on our part so that what was meant to hit us 14 Political marketing in Zimbabwe: Towards the 2023 National Elections
as an adversity turns to defiant advantage, 15 Economic Activity and Outlook: What we learned in September 2022?
through “the alchemy of inventive policies”.
The inventive policies the President referred Business News and Insights
to are a wide array of sweeping, scandalous,
and sometimes unprecedented measures 16 Tharisa to spend US$391m on Karo mine development
taken by the government this year 16 Caledonia Mining Corporation posts record quarterly

Recession Ahead gold output in Q3’2022
17 Edgars Stores’ profit shoots 540% as volumes recover
Global growth is now forecast to slow down
from 6% in 2021 to 3.2% in 2022 and 2.7% in Markets
2023, according to IMF’s latest World
Economic Outlook update. Outside of the 21 Markets Watch
global financial crisis and the most severe 22 Weekly Commodities Pulse
phase of COVID-19, the projected slowdown 23 ZSE Weekly
is the weakest growth profile in 20 years 24 Financial Markets At a Glance

Tharisa to spend US$391m on Karo World News
mine development
18 Business around the world
JSE-listed, platinum group metals (PGMs) 20 Politics around the world
and chrome miner, Tharisa plans to spend
US$$391 million on developing its recently
acquired Karo Platinum mine in Zimbabwe.
Tharisa, owns 70% of Karo Mining Holdings,
with 30% held by Leto Settlement. Karo
Mining Holdings fully owned subsidiary Karo
Zimbabwe Holdings in turn owns 85% of
Karo Platinum, the operating company, with
15% held by the Government of Zimbabwe
via Generation Minerals, its SPV.

ZSE ASI 13,632.14 ZSE TOP 10 8,108.26 MEDIUM CAP INDEX 29,405.77 ZSE TOP 15 8,981.23 SMALL CAP INDEX 495,776.26 ZWL INTERBANK 626.9411
13,068.97 7,685.06 28,877.44 8,565.36 495,776.26 626.9728
13,239.34 7,827.60 28,921.22 8,702.08 493,291.96 627.1642
13,403.34 7,927.47 29,268.57 8,843.60 493,292.78 628.0003
13,487.15 7,921.22 29,920.19 8,890.00 493,292.78 628.2069
13,591.97 8,009.37 29,938.97 8,958.34 501,065.24 628.2304
-0.29% -1.22% 1.81% -0.25% 1.07% 0.21%

FROM $49,900 USD

Landtrek 4 x 4 MT 1.9l Diesel Turbo

Terms and conditions apply.

THE ALL NEW LANDTREK

The Legendary Peugeot is back

The new LANDTREK Double Cab gives you a prestigious and distinctive look guaranteeing an intense drive
whether o -road, carrying a heavy load or on the motorway.

The LANDTREK has an e cient 1.9L turbo diesel engine producing 111Kw of power and 350Nm of torque.

PEUGEOT ZIMBABWE Harare City Branch Msasa Branch
Cnr Julius Nyerere and Robson Manyika 82 Mutare Road Msasa Harare
a division of 0774 771 092 | 0242 756164 0242 486 919 / 21 / 22
0242 758 395
0733 988 335
Secure customer parking available

[email protected] peugeot.co.zw