Business

Business

So, you are planning to create your own freelance business. You keep on searching for the flexibility and freedom that can only be answered by yourself. A freelance ...

The Competition and Tariff Commission (CTC) ratified three transactions involving crocodile farmer, Padenga holdings, platinum miner, Mimosa and ailing South Africa construction concern Group Five, at its last ...

RESERVE Bank of Zimbabwe governor John Mangudya (pictured) says he has been praying for Zimbabweans to understand economics. Zimbabweans, in turn, have been making the same prayers — ...

LISTED Edgars Zimbabwe is seeking for the shareholders’ nod to raise $70 million through a rights offer geared towards capitalising business, the clothing company has announced. Do you ...

LOCAL legal think-tank Veritas says if the Supreme Court upholds the High Court of Zimbabwe decision dismissing the central bank regulation that separated Real Time Gross Settlement (RTGS) ...

THE Australian Securities Exchange (ASX) has put Zimplats Holdings Limited under spotlight, questioning whether its accounts for the half year ended December 31, 2019 gives a true representation ...

FIDELITY Printers and Refineries (FPR), a subsidiary of the Reserve Bank of Zimbabwe, has raised the foreign currency retention threshold for gold miners to 70%, up from 55% ...

CROCODILE skin and meat supplier, Padenga Holdings Limited (PHL) expects growth for the year on the back of Chinese and European economies re-opening following the COVID-19-induced lockdowns. Do ...

AFRICAN lithium company, Prospect Resources (Prospect) has successfully completed its rights issue, raising approximately A$2 million (US$1,304 million), managing director Sam Hosack has revealed. Do you have a ...

THE Zimbabwe National Statistical Agency (ZimStat) says it has delayed the publication of last month’s inflation figures due to the COVID-19-induced lockdown that crippled the data collection process. ...

MARKET forces have caused havoc on the Zimbabwe dollar on the parallel market, with the exchange rate shooting to US$1:$70. Do you have a coronavirus story? You can ...

THE cost of living in Zimbabwe skyrocketed by $324 to $7 171 by end of April last month due to an increase in fuel prices, limited supply of ...

LEADING oil processing giant company, Castor Oil, has embarked on a programme to support small-scale and commercial farmers in growing the essential castor beans crop, which the firm ...

SWISS-BASED cement maker Lafarge Holcim’s local unit, Lafarge Zimbabwe says it expects sales volumes to plunge 30% year-on-year in the second quarter of the year due to the ...

LISTED clothing retailer Edgars Stores has not been spared from the impact of diminishing consumer purchasing power, with its year-to-date turnover to April 2020 increasing by 465% on ...

PIPE manufacturing concern Proplastics’ inflation-adjusted profit-after-tax ballooned 1 300% to $52 million during the year ended December 2019 despite an adverse trading environment punctuated by non-availability of utilities ...

STUNG by perennial fuel and electricity shortages affecting its operations, Zimpost — a quasi-government institution — is planning to invest in solar power and electric-powered vehicles to combat ...

FIRST Mutual Holdings Limited experienced an investment loss of $392,8 million for the year ended December 31, 2019, owing to the decline in value on Zimbabwe Stock Exchange ...

STUNG by perennial fuel and electricity shortages affecting its operations, Zimpost — a quasi-government institution — is planning to invest in solar power and electric-powered vehicles to combat the challenges. ...

FIRST Mutual Holdings Limited experienced an investment loss of $392,8 million for the year ended December 31, 2019, owing to the decline in value on Zimbabwe Stock Exchange (ZSE)-listed equities as the market index grew at a slower rate than inflation. ...

ZIMBABWE Stock Exchange-listed Turnall Holdings says the distribution of its products has been hampered by movement restrictions as a result of the lockdown imposed by government to stem the spread of coronavirus. ...

RENOWNED American economist, Steve Hanke says Zimbabwe has the second “junkiest” currency in the world owing to its continued fall. ...
Econet

Econet Wireless has begun reopening its shops following the lifting of some COVID-19 lockdown restrictions.  By Staff Reporter But the company cautioned customers to be patient as it ...

The Bitcoin price is impacted by the consequences of the spread of the coronavirus on traditional markets. The amount of conventional assets has been losing value for a ...

Do you have a coronavirus story? You can email us on: news@alphamedia.co.zw ...

FINANCIAL services firm, FBC Holdings Limited (FHL) says preliminary assessments show that the group’s financial performance for the year 2020 may be impacted adversely. ...

THE Zimbabwe Agricultural Growth Programme (ZAGP) — a partnership between government, the European Development Fund and the European Union — has bought 245 pig breeding stock from South Africa to help boost production. ...

ABOUT 57,3% of Zimbabwean citizens have never participated in pre-budget consultations, a new survey report has revealed. Do you have a coronavirus story? You can email us on: ...

THE African Development Bank (AfDB) has approved a $13,7 million grant towards Zimbabwe’s COVID-19 response. The funds will provide a lifeline for targeted frontline responders and health personnel ...

Zimbabwe has added a new chapter in its storied monetary policy history, with the Reserve Bank of Zimbabwe (RBZ) announcing that it will be introducing new ZWL$10 and ZWL$20 notes with effect from Tuesday and the first week of June 2020, respectively. ...