Business

Business

MANY local authorities in Zimbabwe are using archaic laws and municipal by-laws that do not take into account the changing business environment and globalisation, a situation that has ...

FBC Holdings Limited says it continues to absorb exchange losses emanating from the external US$10 million loan contracted from a regional lender pending registration process with the Reserve ...

OIL and gas exploration company, Invictus Energy has raised $1,5 million from new and existing investors to fund its Cabora Bassa project in Zimbabwe. ...

Caledonia Mining says production at Blanket Mine rose over 7% in its latest quarter, despite power outages and rising costs. ...

Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, Mines minister Winston Chitando said on ...

Zimbabwe is banning the installation of new electric water heaters in a bid to save power, energy regulations published on Wednesday showed, at a time when the country ...

One of the greatest mathematician and physicists of all time Albert Einstein said, "Compound interest is the greatest wonder in the world. He who understands it earns it...he who doesn't pays it" His assertion is based on the fact that compound interest is a fundamental component of wealth creation and by understanding just this one principle, one can make a significant difference to their financial independence over the long term. ...

Zimbabwe, November 2019 – MediPay, a Zimbabwe-based health care finance provider, has partnered with UK-based Fintech company, SympliFi, to enable Zimbabweans to finance their health care related expenses ...

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says the push for 100% foreign currency retention by players in the mining industry would not be considered by Treasury because the revenue was needed to fund other arms of government. ...

BULAWAYO-BASED Forex Trading School Africa has embarked on a nationwide campaign targeting to train for free 70 000 people in online forex trading to inculcate a culture of online forex trading. ...

URBAN councils have pleaded incapacitation, saying the tough macro-economic environment has eroded their budgets, crippling service delivery in the process. ...

THE Civil Aviation Authority of Zimbabwe (Caaz) says it has recorded a drop in passenger traffic from March to September, 2019 in the absence of a strong national airline and with sustained negative destination image impacting on the country’s attractiveness. ...

NMBZ Holdings Limited (NMB) says it will delay publishing its third quarter interim financial results pending hyperinflationary reporting guidance from the Public Accountants and Auditor’s Board (PAAB). ...

PPC Limited says it expects earnings before interest, tax, depreciation and amortisation (EBITDA) to decline by 15% to 20% for the six months ended September 30, 2019 due to the difficult trading environment in Zimbabwe and South Africa. ...

THE International Labour Organisation (ILO) says poverty was now endemic in Zimbabwe, with 65% of adults earning US$100 or less per month. ...

EcoCash today announced a major upgrade of its platform scheduled for the weekend, which will result in a 24-hour downtime of all EcoCash services. ...

NEGOTIATIONS between the Bulawayo City Council (BCC) and international hotel group, Radisson Group, for construction of an upmarket hotel in the second city have started in earnest. ...

Zimbabwe is planning an enforced mass migration of wildlife away from a park in the country’s south, where thousands of animals are at risk of death due to drought-induced starvation. ...

GOVERNMENT is seeking to raise another $300 million through Treasury Bills (TBs) to finance its programmes, a month after issuing a sovereign paper with the same amount. ...

CONFEDERATION of Zimbabwe Retailers (CZR) president, Denford Mutashu says fights for business control among foreign companies in Zimbabwe was affecting investment prospects in the retail sector. ...

NATIONAL Foods Limited has reported a 36% decline in sales volumes in the first quarter ended September 2019 owing to reduced consumer spending power. ...

INVICTUS Energy Limited has requested for a trading break of the company’s securities until tomorrow, when the group releases a capital raising update to the market. ...

Old Mutual Zimbabwe has appointed Samuel Matsekete as chief executive taking over from Jonas Mushosho, with effect from January 1, 2020. ...

PRESIDENT Emmerson Mnangagwa, presently presiding over an imploding economy, is anticipating an ambitious average national economic growth rate of 7% per annum during his tenure. ...

CONFEDERATION of Zimbabwe Industries (CZI) president Henry Ruzvidzo says the past nine months have been extremely tough for most companies, and expressed hope that the 2020 National Budget ...

BULAWAYO businessman, Elvis Basira, has been reported to the police for allegedly threatening to shoot kombi driver Edgar Gumbo for dating his ex-girlfriend. ...

ZIMBABWEANS across the country love locally-produced goods, but issues to do with availability, affordability and quality, among others, have forced them to buy foreign products at the expense of local ones. ...

TELECOMMUNICATIONS company, TelOne has increased its tariffs by 199,35% with effect from yesterday. ...

Listed beverages brewer, Delta Corporation Limited (Delta) has reported a 48% tumble in lager beer volumes during the half year period ending September 2019, as the bluechip company continues to feel the pinch of the economic crisis obtaining in the country. ...

GOVERNMENT should show commitment towards combating corruption through ensuring transparency and accountability in the administration of public funds, the Zimbabwe Coalition on Debt and Development (Zimcodd) has said. ...