Business

Business

SCHWEPPES Zimbabwe Limited came first in the Southern African Development Community Annual Quality Awards (SAQA) – Large Enterprise category for the year 2018-2019. ...

It is an unverified historical belief that bear and bull markets were named after the way in which a bear and bull attacks. Bulls tend to thrust their ...

ZIMBABWE’S trade opened the year in the negative, registering a $44,2 million deficit in January, latest data from the statistics agency has shown. ...

ZIMBABWE’S power utility is considering increasing electricity tariffs by as much as 30% to reflect the rise in production costs following the devaluation of the local currency last month. ...

EMPOWERBANK has to date disbursed over $1,2 million in loans to young entrepreneurs across the country with another $4 million in applications still under consideration, the bank’s board chairman Raymond Njanike has said. ...

A Mauritius-registered company, Grandwell Holdings, a shareholder in Mbada Diamonds (Pvt) Ltd, has lost a bid to secure a contempt of court order against government after the High Court dismissed its application with costs. ...

Harare businessman and University of Zimbabwe (UZ) lecturer, Shakespear Hamauswa, has petitioned the High Court seeking a court order to declare unconstitutional the Presidential (Temporary Measures) Act, which President Emmerson Mnangagwa evoked as legal basis to introduce the RTGS$. ...

BUSINESSES in Bulawayo say they are struggling to access foreign currency from the interbank market due to its unavailability, contrary to the central bank’s statement that the firms could not afford to purchase it at the 2,5 rate to the US dollar. ...

INVICTUS Energy Limited (IEL) widened its losses to AUD481 313 (US$340 160) in the half year ended December 31, 2018 from AUD210 782 (US$148 939) in the previous year, as exploration activities added to the company’s costs. ...

REDCLIFF-based cement manufacturer, Livetouch Investments, is investing US$30 million in a new plant to be set up in Hwange, the company has said. ...

The 2018/2019 season has brought drought one in most areas across the country. This has been attributed to the El Nino weather phenomenon as correctly predicted by the Meteorological Services Department. ...

Zimbabwe’s former Deputy Prime Minister Arthur Mutambara says South Africa should take a vested interest in tackling Zimbabwe’s economic crisis in order to prop up regional prosperity. ...

The Zimbabwe Stock Exchange (ZSE) says the participation of foreigners on the bourse has declined following the monetary policy statement last month, but it expects several new listings this year. ...

ZIMBABWE’S manufacturing sector exports went up by 54% to US$222,6 million in 2018, buoyed by the export incentive introduced by the Reserve Bank of Zimbabwe in 2016, Industry and Commerce minister Nqobizitha Mangaliso Ndlovu has said. ...

Jamie Henson, a tourism operator, expects to open a new US$1,5 million lodge in Victoria Falls by June as interest in Zimbabwe’s tourism sector continues to grow despite trouble with the country’s economy. ...

ZIMBABWE’S 2019 tobacco marketing season will start on March 20, the industry’s regulator has said. ...

MICRO Finance Institutions (MFIs) say the cost of lending has risen by eight percentage points on the back of rising inflation and the 2% tax on electronic money transfers. ...

Strive Masiyiwa’s EcoCash (Pvt) Ltd, whose computers had been targeted for search and seizure by Dr Dish (Pvt) Ltd in the on-going $1, 7 million debt dispute, has lost its bid to interdict and restrain the latter from executing a court order after its application was dismissed with costs. ...

THE International Monetary Fund (IMF) says the success of currency reforms will depend on the implementation of an effective monetary policy framework supported by market-determined interest rates and prudent fiscal policies. ...

ZIMBABWE’S industry has appealed to government to put in place import controls to protect local companies. ...

CBZ Holdings Limited group chief executive officer Blessing Mudavanhu says the company will strive to support enterprising youths as part of its objective of contributing to the country's economic development. ...

Introduction Multinational Enterprises (MNEs) have, over the years, structured their transactions to avoid creating a tax presence or permanent establishment (PE) in operating countries by either taking advantage ...

One most likely wouldn’t buy a car, without first doing some research on their preferred model and its closest competitors. In the same vein one shouldn’t consider investing ...

ZIMBABWE is working on scrapping the Indigenisation Act which restricts foreign shareholding in platinum and diamond ventures to 49% as the country seeks to attract foreign capital, Finance minister Mthuli Ncube has said. ...

ZIMBABWE’s largest fast-food group, Simbisa Brands posted an increase in profit after tax of $16,5 million from US$7,9 million for the half year ended December 31, 2018 despite operating in a tough trading environment. ...

AT least 79 milling companies have folded up in the Matabeleland region due to economic hardships which have seen an increase in grey imports, an official has said. ...

BUSINESS and analysts say the move by government to liberalise fuel imports will ease pressure on forex demands and improve supply of the commodity across the country. ...

SOUTH African pharmaceutical group Adcock Ingram has exited the Zimbabwean market after disposing of its operating subsidiary for an undisclosed amount. ...

One most likely wouldn't buy a car, without first doing some research on their preferred model and its closest competitors. In the same vein one shouldn't consider investing in shares without knowing something about the business, either. ...

DISRUPTIONS to telecommunication networks will continue because operators owe millions of dollars to foreign firms for maintaining and upgrading their infrastructure due to the unavailability of forex to pay them timely, NewsDay has learnt. ...