Business

Business

ZIMBABWE’S local currency, the RTGS dollar, has plunged by as much as 16% since it was introduced last month. ...

ZIMBABWE’S sole ammonium nitrate (AN) fertilizer producer, Sable Chemicals, is projecting a production increase of AN fertilizer this year by as much as 70%, up from the 39 000 metric tonnes produced last year, an official has said. ...

Dairibord Holdings’ after tax profit increased more than two-fold to $6,48 million from $1,94 million in the full year ended December 31, 2018, driven by an increase in revenue. ...

Small-scale miners say fuel import fees charged by the Zimbabwe Energy Regulatory Authority (Zera) are excessively high and prohibitive. ...

ZIMBABWE’S 2019 tobacco marketing season commenced yesterday with the Reserve Bank of Zimbabwe (RBZ) reneging on its earlier commitment to pay farmers 50% of their sale proceeds in foreign currency. ...

SOUTH AFRICA’S foreign direct investment more than doubled in 2018 to reach its highest in five years, the central bank said on Wednesday, giving a boost to President Cyril Ramaphosa’s pledge to woo investors to help revive a struggling economy. ...

CALEDONIA Mining Corporation registered a 4% increase in after tax profits to US$21,42 million in the full year to December 2018 compared to US$20,61 million in 2017, despite a fall in production. ...

THE Reserve Bank of Zimbabwe (RBZ), through its wholly-owned subsidiary Fidelity Printers and Refiners (FPR), has to date disbursed $120 million out of the $150 million Gold Development Initiative Fund (GDIF) for small-scale miners. ...

ZIMBABWE’S mobile network operators recorded a 36% increase in revenue to $1,1 billion in the full year to December 2018 despite a 25% increase in operating costs, the industry regulator has reported. ...

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has summoned Zol Zimbabwe for questioning over its unauthorised data tariff increase, NewsDay has learnt. ...

TOBACCO farmers are on collision course with merchants who are demanding repayment of loans issued to farmers in United States Dollars, as the contract tobacco sales commence. ...

Zimbabwe is set to benefit from a US$38 million fund by The Coca-Cola Company (TCCC) to tackle plastic pollution in Southern, East and Central Africa over three years. ...

A SELF-TAUGHT Zimbabwean, Washington Mkombodzi has created a free online shopping application, ZimexApp which provides a virtual platform for small businesses (SMEs) to reach out to the market. ...

ZIMRE Property Investment (Zimre) has completed construction of its $13 million shopping mall in Victoria Falls with the facility set to be opened to the public by the end of this month, an official has said. ...

The photograph of the two women crossing the finish line of last year’s PPC Marathon together. One supporting the other and easing her down to the ground as ...

BULAWAYO-BASED textile maker National Blankets is facing imminent liquidation after failing to court a suitable investor to inject fresh capital into the ailing company. ...

CORRUPTION remains a major problem in Zimbabwe despite government pronouncements to fight the rot, a report by the United States has revealed. ...

The Insurance and Pensions Industry (Ipec) plans to adopt a risk-based supervision framework, moving from the current compliance-based model in a move that is expected to improve the regulator’s oversight of the industry. ...

ZIMBABWE’S fertilizer industry says it is constrained by forex shortages, but it still has the capacity to produce enough to meet the country’s demand this year and export excess production. ...

PROPERTY investment and development company Mashonaland Limited Holdings recorded a 7% increase in revenue to $1,68 million in the four months to January, driven by higher occupancy levels across the company’s portfolio. ...

Tom Enders just couldn’t resist the swipe at the competition ...

OIL Expressers Association of Zimbabwe (OEAZ) says the country’s soyabean production needs urgent support so as increase output and cut reliance on imports. ...

Amandla Brands, a local food processing start-up which won CBZ’s Youth Entrepreneurship Programme (YEP), says it is exploring new markets, with the introduction of a new product range designed to bring convenience to the traveller. ...

FIDELITY Life Medical Aid Society has launched the country's first low-cost diabetes and hypertension management application. ...

A lot of stakeholders have lost complete confidence in the role of Boards due to some of the horrid scandals that time has come to see mainly due ...

Good Governance and the Board selection process ...

ZIMBABWE is likely to experience an upsurge in both legal and illegal imports of cheap poultry products this year due to an increase in costs of production, an industry official has said. ...

ECONOMIST John Robertson says Zimbabwe’s economic situation is beginning to look promising following the central bank’s decision to liberalise the foreign exchange market last month. ...

Chinese multinational company Touchroad International says it will partner local property firm, Mashonaland Holdings Limited, in the development of a five-star hotel in Harare. ...

WORKERS in the mining industry have been awarded an 80% salary increment following collective bargaining negotiations which will see the lowest paid employee in the sector earning ZWL$468,58 per month. ...