Business

Business

Customer numbers at Simbisa Brands, the country’s largest fast-food company, dropped 33,7% in the year to June, the latest evidence of the collapse of disposable incomes. The company, ...

BY FIDELITY MHLANGA A PROFESSIONAL accountants’ body has raised the red flag over factoring blended inflation data during the preparation of statements, saying firms pursuing this model risked ...

Well-functioning stock markets enable economic growth and development by facilitating the mobilisation of financial resources and by bringing together those who need capital to innovate and grow, with ...

BY SHAME MAKOSHORI ZIMBABWE’S power output plunged 39% during the seven months to July, as Harare and Lusaka moved to forestall a near catastrophe by applying limits on ...

BY SHAME MAKOSHORI GOLD and platinum have been placed at the heart of efforts to push Zimbabwe’s mines back to growth next year, official data showed at the ...

It’s been ages since Cryptocurrency entered our lives. With time the values fluctuated giving new dimensions to the people. The most commonly used cryptocurrency called the Bitcoin has ...

While investing in bitcoin may be a way to win or lose a few bucks depending on how the markets are going to operate. There are various individuals ...

BY SHAME MAKOSHORI ZIMBABWE’s industrial sector has appealed for a lifeline of up to US$100 million to recapitalise the State-run Industrial Development Corporation (IDC) and bolster its capacity ...

BY TAURAI MANGUDHLA ZIMBABWE’s industry has proposed a raft of far-reaching reforms to be incorporated in Finance minister Mthuli Ncube’s 2021 national budget, including the abolishment of subsidies. ...

BY SHAME MAKOSHORI THE Reserve Bank of Zimbabwe (RBZ) said on Monday its monetary policy committee (MPC) had agreed to maintain the policy rate at 35% as part ...

BY MTHANDAZO NYONI THE Central Vehicle Registry (CVR)’s inability to register vehicles has cost the insurance sector $60 million in mandatory third-party motor insurance premiums, according to the ...

THE Reserve Bank of Zimbabwe (RBZ) said on Monday its monetary policy committee (MPC) had agreed to maintain the policy rate at 35% as part of measures to ...

ZIMBABWE’s industry has proposed a raft of far-reaching reforms to be incorporated in Finance minister Mthuli Ncube’s 2021 national budget, including the abolishment of subsidies. In its proposals ...

Scams will quickly pull on anyone new to cryptography and with money signals on their eyes. There are several due to its complex design of bitcoin and the ...

THE Confederation of Zimbabwe Retailers (CZR) has accused several retail outlets in Bulawayo of violating exchange rate regulations and legal requirements compelling them to display prices of goods ...

THE annual inflation rate dropped 101,62 percentage points to 659,4% last month, as recent gains of the local currency against the greenback continue to reflect on its strength. ...

ZIMBABWE Stock Exchange (ZSE)-listed medical goods dealer, Medtech Holdings Limited (MHL) intends to transform into an investment company under a plan announced on Monday, as directors unveiled plans ...

BY TATIRA ZWINOIRA THE Zimbabwe Miners Federation (ZMF) has inked a string of deals with several partners to increase gold output. Do you have a coronavirus story? You ...

BY PRAISEMORE SITHOLE TWO of Zimbabwe’s biggest farm implements suppliers have joined the battle to save thousands of cattle facing starvation in Filabusi after last season’s poor rains ...

BY MTHANDAZO NYONI AUSTRALIAN Stock Exchange-listed resources giant Zimplats is scouring Zimbabwean landscapes to unlock fresh opportunities, possibly bolstered by fresh policies giving foreign investors the right to ...

PARLIAMENT has threatened to take unspecified action against Finance minister Mthuli Ncube for failing to submit documents detailing Zimbabwe’s debt as prescribed by national laws. The Public Debt ...

THE total number of goats slaughtered at abattoirs monitored by the Department of Crop and Livestock decreased by 43% to 3 979 in the first half of this ...

PREMIER African Minerals Limited is now considering diversifying its exploration portfolio and identifying revenue-generating assets following the government’s delay to grant it an exclusive prospecting order (EPO) for ...

ZIMBABWE Stock Exchange-listed Cassava Smartech’s consolidated revenues for the six months ended August 31, 2020 (H1 FY21) increased by 443% in nominal terms, from the same period last ...

BY MELODY CHIKONO FINANCIAL institutions are reluctant to advance loans to dairy farmers due to viability challenges afflicting the sector, government has said. Do you have a coronavirus ...

BY FIDELITY MHLANGA A TEAM of Italian engineers undertaking software installation at Proplastics’ new plant in Harare had to abort the project during the first half of the ...

BY ANDREW KUNAMBURA/TINASHE KAIRIZA A CHINESE firm undertaking the US$1,1 billion refurbishment and expansion of Zimbabwe’s largest thermal power station says it has resumed operations on the project, ...

BY MTHANDAZO NYONI REGIONAL cement maker PPC says its unit in Zimbabwe recorded approximately 25% sales volume growth between August and September this year compared to the same ...

United Kingdom based building materials supplier, “Vaka Building Materials and Hardware” has opened a back office in the United States of America to help Zimbabweans in the United ...

FBC Bank has announced the launch of Noku, a smart Digital Assistant who has been equipped with the capability of assisting clients with executing banking and insurance services ...