ZACCI DAILY BUSINESS NEWS WEDNESDAY JULY 29, 2020

FOREIGN EXCHANGE: ZMW:

BID OFFER
USD/ZMW 18.1855 18.2355
ZAR/ZMW 1.0967 1.1002
GBP/ZMW 23.4193 23.4891
EUR/ZMW 21.3279 21.3939 (BOZ)
ZAMBIA REVENUE AUTHORITY EXCHANGE RATES 16-31 JULY

US DOLLAR                  ZMW 18.1751 EURO                 ZMW 20.3732
SOUTH AFRICAN RAND ZMW   1.0894 BRITISH POUND  ZMW 22.8642
AGRICULTURE COMMODITY PRICES
GTAZ reference prices

Commodity Purchase(USD) Sell (USD)  
Soya beans 317         338
Wheat 430           450
Maize 148 177
Sun flower 265 300
Cowpeas 167 195
G/nuts shelled 445 725
Unshelled G/nuts
Rice

Source: Grain Traders Association of Zambia (GTAZ) Secretariat

INTERNATIONAL COMMODITY MARKETS

 COMMODITY CURRENT   PREVIOUS
Oil (BRENT) ($/barrel)  43.39   43.66
COPPER ($/ton)  6,399.50   6,425.50
COBALT ($/ton)  28,500.00   28,500.00
NICKEL ($/ton)  13,718.00   13,718.00
ALUMINIUM ($/ton)   1,671.00   1,661.50
LEAD ($/ton)   1,836.00    1,801.00
ZINC ($/ton)   2,206.50   2,210.50
STEEL ($/ton)     439.00    439.00
ZAMBIA ECONOMIC INDICATORS

CURRENT  PREVIOUS
Inflation (%) 16.6% (JUNE, 2020) 15.9% (MAY, 2020)
Annual GDP (%) 2.30% (2019)              3.0% (2018)  (BOZ)
Gross Reserves (US$ Billion) 1.45 1.41
BOZ Policy Rate (%) 9.25%  11.5%
 LOCAL BUSINESS NEWS

ZRA, Polic, Smugglers in booz punch-up

Authority impound alcohol declared as steel. Zambia Revenue Authority (ZRA) and Zambia Police Service Officer on Monday evening fought running battles with smugglers who wanted to assist a driver whose truck was impounded for carrying alcoholic beverages which were declared as steel.
Read more in daily mail

BoZ bond auctio attracts K1.09bn

Last week’ Bank of Zambia (BoZ) bond auction was marginally under-subscribed attracting bids amounting to K1.09 billion against an offer of K1.5 billion. This means that there was lees demand for financial securities below the total initial target that was offered.
Read more in daily mail

State engages Spar on smooth exit

Government has engaged Spar Zambia and other potential investors to explore corporate finance strategies on how to manage a smooth exit from the local market. Spar Zambia Limited recently closed its retail outlets across the country after operating in Zambia for over 16 years.
Read more in daily mail
INTERNATIONAL BUSINESS NEWS

Stocks Mixed Before Fed; Treasuries Keep Advance: Markets Wrap

Asian stocks struggled for a clear direction on Wednesday as investors awaited the conclusion of the Federal Reserve’s policy meeting. Treasuries held overnight gains and the dollar steadied. Shares slipped in Japan, where Fitch Ratings lowered its outlook on the country’s debt and earnings at Canon Inc. disappointed. Stocks saw modest gains in Hong Kong and South Korea, and outperformed in China on low volumes. S&P 500 futures fluctuated after the benchmark closed lower, with worse-than-estimated results from the likes of McDonald’s Corp. and 3M Co. weighing on shares. Gold slipped toward $1,950 an ounce.

 

 
 
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