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Delta shines as headwinds torment ZSE firms

The survey, which also ranked aggressively expanding restaurant chain Simbisa Brands and Masimba Holdings among top performers,
CFI chair voted best leader
CFI chair voted best leader
Adjudicators of the awards said they were impressed by Pasi’s leadership at the firm, which was suspended from the bourse about four years ago
RioZim faces corporate rescue
He said RioZim was in financial dire straits, and unable to meet its obligations.
By Mthandazo Nyoni Sep. 28, 2022
Mosi Oa Tunya makes fresh inroads
Tourism minister Mangaliso Ndhlovu said the deal would be executed under a joint venture between Mosi Oa Tunya and Old Mutual Life Assurance Company.
By Freeman Makopa Sep. 28, 2022
Australians blast first Zim oil well…20 trillion cubic feet, 845m barrels under spotlight
Invictus said Friday’s developments were “exciting and long-anticipated.”
By Mthandazo Nyoni Sep. 27, 2022
Emcoz congress set for this week
Emcoz executive director Nester Mukwehwa said the congress would interrogate various issues amid external shocks that include the Russia-Ukraine conflict.
By Kudzai Kuwaza Sep. 27, 2022
Crippling power outages intensify
Magombo said strategies had since been adopted to curb the challenges.
By Freeman Makopa Sep. 26, 2022
African Sun completes purchase of Dawn Properties
On the last day of trading, on February 17, 2021 Dawn shares were worth $982,86 million.
By Tatira Zwinoira Sep. 26, 2022
Zim industry pushes for more locally-generated power
“It could have some effect since we import power from them but I don’t want to read much into that.
By Tatira Zwinoira Sep. 26, 2022
Mining ministry fails to submit reports: AG
The ministry is tasked with creating a US$12 billion industry, driven by increased mineral exports, by the end of 2023.
By Tatira Zwinoira Sep. 26, 2022
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By Newsday Sep. 25, 2022
Wheat farmers squeal over high bank rates
In May, the Reserve Bank of Zimbabwe drastically revised its interest policy, which pushed interest rates to 200%, from 120% previously.
By Lorraine Muromo Sep. 23, 2022
ZB awards innovative staff
The organisation has indicated that the recognition programme is open to all ZB employees.
By Business Reporter Sep. 23, 2022
Vandalism disrupts TelOne network
Mtasa said the copper technology TelOne was using did not have adequate bandwidth capacity demanded by its growing clientele.
By Kudzai Kuwaza Sep. 23, 2022
Pioneering Zim lithium executive steps down
Greaves was a founding director of the lithium miner — the first to carry out full-scale exploration in Zimbabwe at Arcadia.
By Mthandazo Nyoni Sep. 22, 2022
State oil firm defaults on £10m loan
Official reports showed yesterday that the firm had settled most of the principal amount but has defaulted on the final £600 000 since 2002.
By Harriet Chikandiwa Sep. 21, 2022
Zim recovery hinges on viable policies: IMF
Rate hikes have been compounded by rocketing inflation, exchange rate fragilities and a frustrating forex crisis.
By Kudzai Kuwaza Sep. 21, 2022
Mvuma steel plant 40% complete
An official said Dinson Iron and Steel Company (Disco) would begin production in August next year.
By Freeman Makopa Sep. 21, 2022
Push for social contract gains traction
Mavima said he might be the one to clinch a pact out of a series of ministers that have attempted to no avail since the Kadoma declaration about two decades ago.
By Freeman Makopa Sep. 20, 2022
‘Rate hike stems inflation storm’
NBS chairperson Shingai Mutumbwa said the lender was monitoring market reaction to the bold move through its loan book.
By Melody Chikono Sep. 20, 2022
MMCZ moves to tackle chrome price crisis
“The corporation is currently working towards establishing the necessary infrastructure and modalities of bringing the domestic sales under its ambit.” MMCZ added.
By Mthandazo Nyoni Sep. 20, 2022
Zimre Holdings overturns loss
Going forward, Matete said Zimre’s eco-system was now in place, founded on the business triangle of cash, customer and change.
By Tatira Zwinoira and theindependent1 Sep. 19, 2022
Govt to review suspended contracts as Zimdollar shortage bites
The immediate effect of this was to greatly reduce the amount of Zimbabwe dollars on the market, forcing parallel forex dealers to lower their rates.
By Tatira Zwinoira Sep. 19, 2022
Individuals, unclaimed shares the biggest accounts on the CSD
A CSD August update shows that individual accounts stood at 20 579 while unclaimed shares stood at 16 305.
By Melody Chikono Sep. 19, 2022
Masholds splashes $142m on shareholders..as group red flags high interest rates
PROPERTY market dealer, Mashonaland Holdings (Masholds) Limited says it will spend $142 million in dividend payouts to shareholders
By Freeman Makopa Sep. 16, 2022
AAT rebounds ‘after 2 years of devastation’
They were hosted by AZTA at a back to the future-themed lunch in Harare last week.
By Business Reporter Sep. 16, 2022
‘Policy rate to drive CBZ revenue’
Operating costs were up 302% year-on-year primarily driven by staff costs (up 565%).
By Mthandazo Nyoni Sep. 16, 2022
CZI calls for concrete solutions
The country is in the throes of an economic crisis, made worse by a debilitating liquidity crunch, and galloping inflation.
By Kudzai Kuwaza Sep. 15, 2022