Business

Business

“And the final terms were agreed upon after a process of negotiation between representatives of the Edgars and Edcon management teams. T ...

“You are also prohibited from making any withdrawals from all the insurers’ bank accounts without approval from the commissioner ...

Varun Beverages is the largest bottler of PepsiCo products — Pepsi, Mirinda, Mountain Dew and Seven-Up outside the United States. ...

Chinyangare later said he had only agreed to do so out of duress and was still going forward with the lawsuit. ...

THE Zimbabwe Association of Dairy Farmers (ZADF) says it will import at least 1 000 heifers next year to boost milk production currently hovering at around six million litres per month, an official has said. ...

ZIMBABAWE’S largest beverages manufacture, Delta Corporation, says it is tying up a deal to acquire United National Breweries (UNB) of South Africa. ...

Liquid Telecom South Africa, says it will establish a multi-billion Rand 4G network in South Africa from early 2019, providing wholesale open access roaming services to network operators, starting early 2019. ...

ZIMBABWE Revenue Authority (Zimra) says it will embolden its surveillance on companies and closely monitor businesses trading in forex in order to compel them to pay taxes in foreign currency. ...

NATIONAL Tyre Services (NTS) reported an increase in profit after tax to $337 051 for the half year to September, but the company fears that fiscal and other monetary measures introduced by authorities will hurt its business going forward. ...

MEIKLES stands to lose its shareholding in several of its subsidiaries after a High Court dismissed its application challenging the attachment of its shares by the sheriff over a $1,5 million debt owed to a local consultancy firm, Core Solutions. ...

There are many out there who place bets once in a while. It is normal to enjoy betting occasional. Betting is exciting and fun as long as you ...

GOVERNMENT is considering rationing fuel as a measure to curb fuel shortages following a 60% increase in demand for the liquid at a time the country is hard ...

ZIMBABWE’S tax agency says it has met this year’s revenue target of $4,7 billion and it sees collections reaching $5 billion by year end. ...

ZIMBABWE’s largest fast food chain, Simbisa Brands Limited (SBL), says it will implement a two-tier pricing model, offering discounts for customers paying in United States dollars as it tries to raise foreign currency required to pay royalties for the foreign franchises it operates. ...

LISTED miner Falcon Gold Zimbabwe has failed to publish its financial results for the financial year to September 30 this year, citing operational challenges which have been worsened by inadequate foreign currency allocations by the Reserve Bank of Zimbabwe (RBZ). ...

Chinese mining and exploration group ASA Resources Group says it is tying up a deal to sell-off its shareholding in Bindura Nickel Corporation (BNC), which will see it exit the Zimbabwean market. ...

ZIMBABWE’S crop and livestock production will be negatively affected by delays in rainfall being experienced in the 2018/19 season, a food security report by the United States Agency for International Development has warned. ...

CASSAVA SmarTech Zimbabwe (CSZL), the fintech-focused spin-off from Econet, made its debut on the Zimbabwe Stock Exchange (ZSE) yesterday, and became the bourse’s largest counter by market capitalisation. ...

MICROFINANCE institutions (MFIs) lent $50,5 million for consumptive purposes in the nine months to September, representing a third of the industry’s loans in issue. ...

Regional seed producer Seed-Co says it is working on developing rice varieties suitable for the local climatic conditions in order to scale back the country’s reliance on rice imports. ...

S&P Dow Jones says it will remove Zimbabwean domiciled companies from its indices next Monday due to local inflationary pressures and forex shortages, a development that will constrain the country’s ability to attract foreign investment. ...

ZIMBABWE’S year-on-year inflation rate for the month of November gained 10,16 percentage points to 31,01%, the statistics agency reported yesterday. ...

THE African Development Bank (AfDB) yesterday extended a $1 million grant to Zimbabwe which will be used to combat cholera. ...

GOVERNMENT will soon unveil a platinum policy to provide the framework for developing the sector, Mines minister Winston Chitando has said. ...

Leading United Kingdom newspaper, The Telegraph, has named several local hotels as among the best on the continent. ...

Econet Wireless Zimbabwe Limited has announced that it will list the now separated Cassava SmarTech Zimbabwe Limited on December 18, 2018 following approval by the Reserve Bank of Zimbabwe for shares to be issued to foreign shareholders. ...

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WORLDREMIT, a global remittance firm, has partnered BancABC, adding the banking group’s 20 branches as new cash pick-up locations across Zimbabwe. ...

For close to two decades CEO Global together with Titans: Building Nations have hosted their annual Pan Africa’s Most Influential Women in Business and Government Awards recognising African Leaders over different economic sectors. This program has grown to capture many sectors and regions from its commencement 19years ago. ...

THE Zimbabwe Tourism Authority (ZTA) and local tourism services firm Accoleisure (Pvt) Limited have jointly launched a mobile phone application which they say will improve access to wi-fi hotspots around the country. ...