Business

Business

A successful company that is making profits has a number of options. It can reinvest those profits into the company to make new products, find more customers, build ...

Multi-year agreement leveraging unparalleled flexibility of EUTELSAT KONNECT satellite Latest agreement in sub-Saharan Africa, highlighting the strong demand for internet services on the African continent Paris, February 1st, ...

BY MTHANDAZO NYONI AUSTRALIAN Lithium miner, Prospect Resources, says it has deferred a planned takeover of Farvic Consolidated Mines’ equity stake in Arcadia mine to the end of ...

BY MTHANDAZO NYONI ADVISORY firm, IH Securities (IH) says Zimbabwe’s inflation will continue decelerating this year, although the economy will remain under pressure. In its latest macro-economic update, ...

It is no secret that gold – the traditional asset of every era has been ruling the world for years. From investors to households; gold is something that ...

BY MTHANDAZO NYONI TABLE egg production in the country last year reached a new high of 59,3 million dozens, surpassing the previous year’s production by 18%, according to ...

BY MTHANDAZO NYONI THE Zimbabwe Diamond and Allied Minerals Workers Union (Zdamwu) yesterday claimed that negotiations for first quarter wage increments had stalled after the National Employment Council ...

BY SHAME MAKOSHORI FOR a tourism-dependent economy like Zimbabwe, there won’t be sweeter news than talk of a new airline reintroducing flights to key destinations. It is even ...

ZIMBABWE’S decision to compel exporters to surrender more of their foreign currency earnings may leave miners unable to fund operations, Anglo American Platinum (Amplats), one of the country’s ...

BY TAURAI MANGUDHLA GOVERNMENT on Tuesday reverted to Zimbabwe dollar-denominated mining fees, only a week after Mines minister Winston Chitando made wide-ranging reviews based in United States dollars. ...

CAFCA, Zimbabwe’s sole cable manufacturer, says projects in mining, retail and utilities lifted its local sales volumes by 47% in the three months to December last year. Export ...

Since most people in Zimbabwe and many other countries around the world have a smartphone or a tablet, the mobile betting industry has become a lot bigger than ...

BY FIDELITY MHLANGA REMITTANCES from Zimbabweans living in the diaspora grew by 58% to US$1 billion last year, generating more foreign currency than gold and tobacco, the country’s ...

BRITISH Airways (operated by Comair) has re-opened bookings for daily regional flights between Johannesburg and Harare. The airline has introduced one-way fares from R995, including taxes and surcharges. ...

BY CHIEDZA KOWO The RBZ’s monetary policy statement (MPS) released on Thursday last week indicated that banking sector loans and advances rose 2,18 times to $82,4 billion at ...

UK Prime Minister Boris Johnson has backed the call by US President Joe Biden to put pressure on China to release raw data relating to the outbreak of ...

BY SHAME MAKOSHORI THE Reserve Bank of Zimbabwe (RBZ) says reserve money growth beat a targeted 25% last year to end at 18% after government stopped raiding the ...

BY BUSINESS REPORTER IT is an appointment that many least expected. But ex-Nedbank managing director (MD) Charity Jinya  made a surprise return to the country’s banking industry on ...

BY SHAME MAKOSHORI A FURTHER block of investors holding a combined 7% shareholding in the Zimbabwe Stock Exchange (ZSE)-listed seed breeding group, Seed Co Limited (SCL) have accepted ...

BY BUSINESS REPORTER A LOCAL company Zimvest Mining yesterday unveiled a new online marketplace connecting extractive industry players with investors and suppliers in a move seen transforming the ...

BY KUDZAI KUWAZA A LEADING farmers union has called on government to crack the whip and stop the “extortionist” behaviour shown by contracting companies involved in the foreign ...

By Melody Chikono PROPERTY holdings and management company Mashonaland Holdings (Masholds) is seeking to buy back its own shares with considerations having been made which ensure that the ...

EVEN for an economist, there are lots of very large numbers in the life of Ngozi Okonjo-Iweala. As the chair of Gavi, the vaccine alliance, she has overseen ...

BY CHIEDZA KOWO STATE-RUN oil firm, PetroTrade Limited will be shutting down five of its fuel stations across the country between February 9 and March 30 this year ...

BY SHAME MAKOSHORI ZIMBABWE’s currency will maintain a “fragile stability” this year, continuing from the volatilities that haunted the domestic unit even after the introduction of the foreign ...

JOHANNESBURG — South African Airways (SAA) has received a further R5 billion (US$346 million) from the Department of Public Enterprises to help make severance payments to laid-off staff ...

BY STEPHEN CHADENGA THREE suspected robbers last week allegedly attacked a 28-year-old Gokwe man and robbed him of more than US$4 000 and R18 000 before speeding off ...

Technology continues to revolutionise the financial services landscape. From mobile payments, app based investing platforms, financial technology has revolutionised not only how consumers receive financial services but also ...

BY SHAME MAKOSHORI RESEARCHERS at advisory firm Imara dug deep into the hyped Seed Co empire merger before the transaction sailed through early this month and their verdict ...

DAVID Brown’s association with Zimbabwe’s mining sector dates back to his six years as CEO of Impala Platinum (Implats) which ended in 2012. During that time, he met ...