Business

Business

Zimbabwe’s inflation rose to 785.55% on an annualized basis in May, from 765.57% the previous month, the Zimbabwe Statistics Agency said today, laying bare the challenge of a ...

ZIMBABWE risks being left behind in the digital era and this has been accelerated by the COVID-19 pandemic as local mobile network operators (MNOs) continue to charge sub-economic ...

AT least US$172 million has been realised from tobacco sales after 74,8 million kilogrammes were delivered at the country’s auction and contract floors since the beginning of the ...

ZIMBABWE-focused miner, Premier African Minerals (Premier), has acquired a further 7% stake at Namibian MN Holdings Limited (MNH) for US$700 000 following the approval of the sale by ...

CIGARETTE and tobacco manufacturing company, British American Tobacco Zimbabwe (BATZ) posted a loss of $27,7 million for the year-ended December 31, 2019 owing to hyperinflation. Do you have ...

Starting an IT business can seem quite easy for those who think you only need programming skills for that. The IT sphere is very big now and outsourcing ...

Dear President Malpass I AM a senior official in Zimbabwe’s largest opposition party and the chairman of the Parliamentary Public Accounts Committee, but I am writing to you ...

The shared marketplace in South Africa is becoming more attractive for investors from all around the globe. Somehow, it’s hard to ignore the ongoing situation in the South ...

Cassava Edutech has launched the Akello E-library, an online library platform offering numerous school curriculum books set to support the Zimbabwe’s education sector. Do you have a coronavirus ...

THE Reserve Bank of Zimbabwe (RBZ), which was using the fixed exchange rate of US$1:$25, says it will switch back to market-determined exchange rate as the Zimbabwe dollar ...

ZIMTRADE is working on an online store premised on the need to create a singular window for marketing and selling Zimbabwean products virtually, as part of its efforts ...

THE Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) says the country’s debt to gross domestic product (GDP) ratio will balloon to 101,6% by year end due to ...

THE Zimbabwe Revenue Authority (Zimra) says the volume of traffic at Beitbridge Border Post has doubled in the last few days. Do you have a coronavirus story? You ...

Hotelier African Sun (ASL) has made an offer to snap up Dawn Properties in a deal that will see it assume ownership of the property firm’s key assets ...

THE Zimbabwe Revenue Authority (Zimra) says the 2020 revenue performance will relatively decline to the initial projections in view of the anticipated economic slowdown and turbulences in the ...

GETBUCKS Microfinance Bank Limited (GMBL) posted a $20 million loss for the six months ended December 2019 owing to net monetary losses as the bank’s assets are predominantly ...

DIVERSIFIED agro-processor United Refineries Limited (URL) is set to increase production, with South Africa — one of its largest raw material suppliers — having eased its lockdown which ...

THE value of tobacco crop sold at both auction and contract floors increased 206,54% to US$101,5 million as of day 21, statistics from the Tobacco Industry and Marketing ...

LISTED firm, Medtech Holdings Limited (MHL) says uncertainty around a legacy debt amounting to ZAR27,8 million has resulted in cuts in supply and stockouts. Do you have a ...
Econet

ZIMBABWE’S largest listed company, Econet Wireless Zimbabwe (EWZ) says the hyperinflationary environment and currency depreciation depressed real tariffs and as a result have significantly impacted revenues. Do you ...

THE cost of living in Zimbabwe ballooned by $1 554 to $8 726 by end of last month due to the influence of the parallel market on exchange ...

BEVERAGE manufacturer Delta Corporation Ltd recorded exchange losses of $1,64 billon for the first quarter ended March 31, 2020, due to a legacy foreign debt amounting to US$63,8 ...

So, you are planning to create your own freelance business. You keep on searching for the flexibility and freedom that can only be answered by yourself. A freelance ...

The Competition and Tariff Commission (CTC) ratified three transactions involving crocodile farmer, Padenga holdings, platinum miner, Mimosa and ailing South Africa construction concern Group Five, at its last ...

RESERVE Bank of Zimbabwe governor John Mangudya (pictured) says he has been praying for Zimbabweans to understand economics. Zimbabweans, in turn, have been making the same prayers — ...

LISTED Edgars Zimbabwe is seeking for the shareholders’ nod to raise $70 million through a rights offer geared towards capitalising business, the clothing company has announced. Do you ...

LOCAL legal think-tank Veritas says if the Supreme Court upholds the High Court of Zimbabwe decision dismissing the central bank regulation that separated Real Time Gross Settlement (RTGS) ...

THE Australian Securities Exchange (ASX) has put Zimplats Holdings Limited under spotlight, questioning whether its accounts for the half year ended December 31, 2019 gives a true representation ...

FIDELITY Printers and Refineries (FPR), a subsidiary of the Reserve Bank of Zimbabwe, has raised the foreign currency retention threshold for gold miners to 70%, up from 55% ...

CROCODILE skin and meat supplier, Padenga Holdings Limited (PHL) expects growth for the year on the back of Chinese and European economies re-opening following the COVID-19-induced lockdowns. Do ...