Business

Business

TURNING around Zimbabwe’s economic fortunes will require more than technocratic approaches and government should urgently create platforms for an inclusive and sustained dialogue, says a new report by a global independent policy research organisation. ...

JOHANNESBURG Stock Exchange (JSE)-listed firm Brainworks is seeking to clear a US$5 million debt in exchange for ordinary shares. ...

...

IN anticipation of rising energy costs and the challenge of sustainable supply across Africa, regional cement maker PPC is considering implementing solar photovoltaic (PV) at its factories starting with its factories in Bulawayo and Colleen Bawn (West Nicholson). ...

RESPECTED Roman Catholic Church cleric Father Fidelis Mukonori has called on President Emmerson Mnangagwa to start talks with MDC leader Nelson Chamisa to change Zimbabwe’s fortunes, joining a growing chorus for inclusive political dialogue to save Zimbabwe’s economy from total collapse. ...

After the IMF’s final review early next year, “the idea . . . would (be) we go into negotiations on how to clear the (World Bank and AfDB) ...

...

THE Zimbabwe Association of Dairy Farmers (ZADF) says its members have so far produced 45 million litres of milk against their yearly target of 90 million litres. ...

AN unnamed Zimbabwean mining company has snapped up a controlling 74,73% shareholding in Bindura Nickel Corporation (BNC). ...

FIRST Capital Bank Zimbabwe (FCB), formerly Barclays Bank, has laid off 120 workers as the economic crisis continues to take a toll on the beleaguered financial services sector, NewsDay can exclusively reveal. ...

The Zimbabwe Stock Exchange (ZSE) market capitalisation fell by 11,71% last month to $21,66 billion. ...

Preparations are at an advanced stage for the ZimTrade 2019 Annual Exporters’ Conference and Exporter of the Year Awards that is set for 10-11 October in Bulawayo. ...

INDUSTRY has rapped Finance and Economic Development minister Mthuli Ncube over his “half-hearted approach” to the currency reforms, saying the continued use of the United States dollar in the market was undermining confidence in the local unit. ...

FIRST Capital Bank, formerly Barclays Bank Zimbabwe, has adopted an ‘ever-changing’ strategy going forward due to the monetary policy changes made in the country this year. ...

OLD Mutual Limited (OML) has revealed plans to divest from NMT Capital, a company founded by its recently axed chief executive, Peter Moyo. ...

GOVERNMENT is exploring avenues of accommodating electric vehicles (EVs) in the country by setting up the requisite charging infrastructure, which is the backbone of the innovation. ...

REGIONAL cement maker PPC says its overall cement sales volumes in Zimbabwe contracted by between 25% and 30% for the four months ended July 30, 2019 due to a weaker economic climate. ...

ZIMNAT General Insurance has entered into partnership with Access Finance for the provision of bureau de change services across the country. ...

...

GOODBOOK Investments trading as Kumusha Power, envisages to list on the Financial Securities Exchange ((Finsec) platform next month to raise capital, in what would be the first energy initial public offer (IPO). ...

NISSAN South Africa has distanced itself from local motoring company, Solutions Motors (Pvt) Ltd, a company that allegedly prejudiced the Zimbabwean government of US$207 540 worth of vehicles it had not delivered by December 2018. ...

FARMERS have painted a gloomy picture for the upcoming 2019/20 agricultural season due to the high cost of inputs and electricity shortages, among other challenges, raising fears of yet another crippling drought next year. ...

...

...

...

...

...

...

...

GOVERNMENT says it has put in place policies and strategies to promote backward and forward linkages within the business supply chain. ...