Business

Business

ZIMBABWE’s largest fast-food chain, Simbisa Brands Limited (Simbisa) is targeting to open 15 new outlets across the country this year, at an estimated cost of US$3 million, managing ...

THE Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani has called for monetary and fiscal policies alignment as the depreciating Zimbabwe dollar (ZWL) has made it difficult to plan. ...

INDUSTRY in Bulawayo yesterday challenged government to stop crying about sanctions, but start creating a conducive operating environment, give them fuel and forex for raw materials as well as sort out the exchange rate. ...

THE country’s oldest funeral services provider and life assurance company, Doves, has re-aligned its products in line with strategic angling for value-addition of new life assurance products. ...

On Tuesday, ZUVA Petroleum announced that eight of its service stations would be accepting foreign currency payments as number of fuel operators continue to withhold the liquid. ...

ZIMBABWE’S tourist arrivals plunged by 11% to 2,29 million last year, mainly attributable to destination image issues, Zimbabwe Tourism Authority (ZTA) acting chief executive officer Givemore Chidzidzi has ...

Zimbabwe’s poultry industry recorded a 19% slump in output, producing an average of 70 million day-old chicks last year with industry players citing escalating cost of stockfeed as ...

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya served up his first monetary policy speech of the year on Monday in typical fashion; over-optimistic bluster topped with a ...

The first thing that comes to mind when a person mentions the Stephen Margolis Resort are the unique weddings on the floats on their dam waters and the carved rocks, surrounded by the indigenous tree species…but that’s not all, the Resort has more to offer for cooperates, individuals, families, groups, churches etc. The list is endless. ...

Bitcoin is the best known virtual currency in the world.  Bitcoin allows you to purchase real goods and services, using a virtual currency, ensuring the validity of transactions with a complicated encryption system. The ...

Technology continues to increase the globalisation of the capital markets. ...

IRIVINE’S Zimbabwe has called for a 100% foreign currency retention on its export proceeds as it bemoans a proposed tax on exports. ...

Zimbabwe’s central bank yesterday left its benchmark lending rate unchanged at 35%, citing moderating inflation, as the regulator looked to introduce more local currency and limit the flood of foreign tender. ...

Instead of going to 100 shops to find various building materials, we as Vaka offer the ultimate solutions to get all building materials at one shop. Vaka is ...

  Margolis Holdings celebrated their 39th Anniversary yesterday which was well attended by guests of all walks of life. Speeches were given by Mr Margolis himself, followed by ...

Stock markets provide a trading platform where shares of publicly-held companies are sold and bought. ...

FINANCE minister Mthuli Ncube (pictured) has come under fire from legislators over subsidising mealie-meal at 25% compared to Zupco’s 80% subsidy amid widespread hunger. ...

PROSPECT Resources, which is developing a lithium mine at Goromonzi, north east of Harare, reports that it has discovered a “significant” presence of caesium, a rare mineral used ...

A ONE-STOP border post that will fast-track trade between South Africa and Zimbabwe will be fully operational at Beitbridge in 2024, according to South African Home Affairs minister Aaron Motsoaledi. ...

SAINT-Gobain Construction Products Zimbabwe yesterday launched a US$1 million plant in the capital set to produce 15 000 tonnes of tile adhesive per annum while operating entirely on solar power. ...

MINING concern Premier African Minerals Limited and Regent Mercantile Holdings Limited have agreed to further extend the repayment terms of the convertible US$350 000 loan note entered into in June last year. ...

The 2020 tobacco marketing season is set to begin late due to late rains, Tobacco Industry and Marketing Board chairperson (TIMB) Patrick Devenish has said. ...

AngloGold Ashanti said yesterday it will sell its remaining South African assets for about $300 million to Harmony Gold. ...

When we speak of growth and development in the business world, Margolis Holdings has reflected advancements and accomplishments for the past 39 years. ...

THE total number of cattle slaughtered last year decreased by 11% to 236 781 compared to the previous period, in the wake of a tightening operating environment characterised by uncertainties over pricing by cattle producers. ...

Former Tobacco Sales Limited (TSL) chief executive officer Patrick Devenish has said there was nothing sinister about his short stint at the helm of the group after he left the position early this month following the appointment of Dereck Odoteye as the new boss. ...

FORMAL business entities have rejected accusations that they are retarding progress in negotiations that have been taking place at the Tripartite Negotiating Forum (TNF). ...

CEMENT producer, Lafarge Zimbabwe chief executive Siame Kaulule has left his position, a year after assuming the post, NewsDay Business has established. ...

THE Pensions and Provident Fund Bill, to be presented to Parliament before June, will allow pension funds to invest 20% of their assets offshore as the industry pushes for protection against recurrent inflation. ...

THE need to make Chirundu Border Post operate on a 24-hour basis is increasingly becoming apparent after volume of trade through the border increased significantly, Finance and Economic Development minister Mthuli Ncube, has said. ...