Computerised company search system heralds the ease of doing business

THE launch of the computerised company search system is a step forward towards improving the ease of doing business. Implementation of the online company name search application system began in April 2016 at the Zimbabwe International Trade Fair. An average 60 applicants visit the site daily. This innovation has reduced the turnaround time for name search applications from seven days to one day. This has served to reduce the number of days to obtain a shop licence from 56 days to five days. Efforts to further reduce the number of days to obtain a shop licence through local authorities are under active consideration INDUSTRIALS The Industrial Index closed the week higher at 167.98 points after adding 3.21 points (1,95 percent) as heavyweight counters extended their rally. Hippo Valley was $0,0725 solid at $0,5225, Meikles put on $0,0350 to close at $0,2500 and Econet improved by $0,0347 to close at $0,3500. Axia gained $0,0060 to close at $0,0870.

Mashonaland Holdings was the only lame duck after dropping $0,0020 to close at $0,0180. CBZ, Delta and Old Mutual traded unchanged at $0,0954, $0,9800 and $3,7700 respectively.

Week on week the industrial index added 7.68 points (4,79 percent). MININGS The Mining index was flat at 69.63 points. Bindura, Falgold, Hwange and RioZim remained unchanged at previous trading levels at $0,0300, $0,0100, $0,0235 and $0,5500 in that order.

The mining index increased by 0.42 points (0,61 percent) compared to week ending 26 May 2017.