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‘Redesigned’ RTG pays out hefty dividend... shareholders in line for $380m as profit shoots 1 000%

The group turned over $2 billion revenue during the comparable period in 2021.
Women urged to take advantage of Women’s Bank
Women urged to take advantage of Women’s Bank
Nzenza said it was important to develop economies where men and women have equal opportunities.
By Tatenda Manyinyire 8h ago
Behind Simbisa’s shock ZSE delisting
Markets have also been frustrated by bears that have characterised the ZSE for most of this year, amid investor flight.
By Tatira Zwinoira Sep. 30, 2022
Directors move to tackle governance crisis
According to the latest Zimdirector Magazine released at the ongoing IoDZ conference, bad governance has reached catastrophic proportions.
By Mthandazo Nyoni Sep. 30, 2022
‘No easy road to recovery for Zim’
The southern African country is also saddled with an unsustainable debt overhang and runaway inflation of 280% that are frustrating economic recovery.
By Kudzai Kuwaza Sep. 30, 2022
TelOne MD confident after forex-indexed product launch
STATE-owned fixed telephone network provider TelOne is looking to it’s recently launched US dollar bundles to offset low tariffs.
By Kudzai Kuwaza Sep. 30, 2022
Delta shines as headwinds torment ZSE firms
The survey, which also ranked aggressively expanding restaurant chain Simbisa Brands and Masimba Holdings among top performers,
By RUGARE MUBIKA Sep. 29, 2022
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
By RUGARE MUBIKA Sep. 29, 2022
RBZ allows firms to withdraw US$100 000 weekly
This came after companies had struggled to access United States dollars from the foreign currency auction system.
By Freeman Makopa Sep. 29, 2022
New car dealership launched
Exquisite Cars houses top-of-the-range vehicles including the latest BMWs, modern Toyotas, and Audis, among others.
By RUGARE MUBIKA Sep. 29, 2022
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
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
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
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
Trading Stocks With Metatrader 5
place a buy limit order, select Pending from the Type menu
By Newsday Sep. 25, 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
ZB awards innovative staff
The organisation has indicated that the recognition programme is open to all ZB employees.
By Business Reporter Sep. 23, 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
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
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
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
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
‘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