Business

Business

ZIMBABWE has, over the past two years, imported over US$70 million worth of public buses and delivery trucks, draining the country of the much-needed foreign currency to the ...

Introduction The investing market can be confusing when you are entering for the first time. Seeing all the green markers and red markers can be quite overwhelming. This ...

NMBZ Holdings Limited has closed four branches in the nine months to September 30, 2020 as the financial institution embraces digitisation. Do you have a coronavirus story? You ...

REGIONAL cement maker PPC says its unit in Zimbabwe recorded a 35% increase in sales volumes in the period July to September 2020 compared to the same period ...

LISTED miner RioZim Limited has withdrawn its June and July cautionary statements in which it warned of the impact of delayed gold payments, saying engagements with the central ...
Lift lockdown in phases

LISTED cable manufacturer Cafca has said its operations are insulated from the impact of the COVID-19 pandemic due to various factors which include high demand for its products, ...

REELING from decades of economic mismanagement, Zimbabwe is banking on gold to shore up revenue and tackle the upshots of rampant hyperinflation, corruption and coronavirus restrictions. Global gold ...

THE National Social Security Authority (Nssa) achieved a seven-fold growth in investment performance between January and October this year, an official with the State-run pension fund has said. ...

AFRICAN lithium developer, Prospect Resources (Prospect) has secured long lead equipment items, giving it a leeway to commence the pilot plant project at its Arcadia Lithium Mine (Arcadia) ...

BIG players in the gold mining sector have challenged government’s monopolisation of gold sales through Fidelity Printers and Refiners, saying the law scared away investors as producers are ...

ZIMBABWE plans to select a financial adviser by Christmas to help raise US$3,5 billion to compensate white former farmers it violently evicted from their land two decades ago, ...

THE future of pension funds hangs in the balance as demand for office space and shopping malls has declined as companies scale down on physical working stations and ...

UNITED Kingdom-based building materials supplier, Vaka Building Materials and Hardware was adjudged the best Online Building Materials Supplier 2020 at the African excellence awards done by Middle East ...

Statistics show that only 4% of SMEs have access to formal finance which comes at a high cost and they face stringent requirements to acquire loans. Hardly any ...

ZIMBABWE’S biggest packaging materials producer, Nampak Zimbabwe said on Wednesday sales volumes declined by 24,7% during the year ended September 30, 2020 due to depressed demand. Do you ...

BUDGET carrier, fastjet on Tuesday said it was riding on a business model that extended beyond its low-cost airline tag to dominate domestic and regional networks. The airline, ...

The Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) has been admitted to the International Federation of Accountants (IFAC) as an associate member, only the second Professional ...

Econet has partnered with Alphabet, Google’s parent company to provide new high speed broadband technology which uses beams instead of fibre, Alphabet’s subsidiary, X “Moonshot Factory” said on ...

Volatility is a common feature of cryptocurrencies. There are times when people hit a good strike and earn huge amounts. Whereas there are other times when the hit ...

BY TATIRA ZWINOIRA FINANCIAL services giant, CBZ Holdings (CBZH) on Tuesday said inflation-adjusted post-tax profits slipped to $2,44 billion during the third quarter ended September 30, 2020 after ...

By SHAME MAKOSHORI DUBAI-HEADQUARTERED airline, Emirates said on Monday it had reviewed fares on the Dubai-Lusaka-Harare route as part of efforts to recapture a market that had been ...

BY BUSINESS REPORTER ZIMBABWE Stock Exchange-listed roofing products and pipe maker, Turnall Holdings Limited says sales volumes for the quarter ended September 30, 2020 grew by 11% compared ...

CUMULATIVE imports of mechanically deboned meat (MDM) for the first half of this year declined by 73% compared to the same period last year due to the depreciation ...

UNIFREIGHT Africa Ltd has posted an inflation-adjusted profit before tax of $19 million despite the impact of the COVID-19 pandemic on its operations. Do you have a coronavirus ...

BINDURA Nickel Corporation (BNC) managing director Batirai Manhando will leave the resources firm at the end of this month, seven years into the role that saw him manage ...

Technology continues to revolutionise the financial services landscape. From mobile payments, App-based investing platforms, financial technology has revolutionised not only how consumers receive financial services but also how ...

CLOTHING chain, Truworths says a difficult business climate that has unsettled the economy may continue troubling the markets in 2021, driven by slipping demand and a blazing liquidity ...

TECHNOLOGIES giant, Cassava Smartech says it suffered $2 billion in exchange losses during its first full year of operations after the volatile Zimbabwe dollar struggled to hold its ...

THE Confederation of Zimbabwe Industries (CZI) says the foreign currency auction system introduced by the central bank in June will serve the economy well if authorities consolidate its ...

INTER-CONTINENTAL Energy Private Limited (Intergas) has unveiled a limited gas turbine in conjunction with Energy First, an energy infrastructure developer. BY HARRIET CHIKANDIWA The turbine is powered by ...