Business

Business

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If Zimbabwe is ready to embrace the remote gambling sector and reap the economic rewards, the government needs to think carefully about the best ways to regulate it. ...

The Zimbabwe Stock Exchange’s capitalisation on Monday increased by 4,6% to ZWL$30,86 billion as the market reacted to government’s decision to outlaw a multi-currency system adopted a decade ago. ...

PIPES manufacturing concern Proplastics says its order book is low due to low disposable incomes, with the group resultantly forced to cut down on production. ...

THE Zimbabwe Agricultural Society (ZAS) says it is yet to reach financial closure for the construction of its proposed $10 million shopping mall. ...

Zimbabwe is sitting on ivory and rhino horn stocks worth US$600 million and is considering disposing it to fund conservation efforts, President Emmerson Mnangagwa has said. ...

THE Zimbabwe Diamond and Allied Minerals Workers’ Union (Zdamwu) has written to the National Employment Council for the mining industry, requesting an urgent meeting to consider salary adjustments to cushion the workers. ...

International and regional currencies such as the rand, US Dollar, Botswana Pula and British Pound will no longer be acceptable in Zimbabwe as legal tender after the Finance Minister gazetted mandatory and sole usage of the Zimbabwe Dollar for all local transactions. ...

“Another issue is of capital gains tax. I have an example that if you sold a property for US$20 000 last year and if you get the same ...

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Amalgamated Regional Trading (Art) posted an increase in after tax profit from ZWL$3,7 million recorded in 2018 to ZWL$8,7 million in the year-ended March 31, 2019, despite a decline in local sales as consumer purchasing power was eroded by inflation. ...

THE Securities and Exchange Commission of Zimbabwe (SECZ) has joined the United Kingdom-funded Deepening Africa’s Financial Sector (FSD), which is part of a continent-wide initiative to support capital market regulators so they attain international standards. ...

The tobacco industry is in good shape despite experiencing a poor run this season, newly-appointed chairperson of the sector’s regulator, Patrick Devenish, has said. ...

The two most important decisions an investor faces relate to when to buy or sell securities. The truth is that this question has no one correct answer, there are quite several factors to consider. ...

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The Securities and Exchange Commission of Zimbabwe (Sec Zimbabwe) has joined the UK-funded Financial Sector Deepening Africa’s (FSD Africa) flagship Africa Regulator Support Programme. ...

SOUTH African-headquartered financial services group, Old Mutual (OML), has fired chief executive Peter Moyo over conflict of interest with a firm he founded. ...

MUMBAI, India — Zimbabwean diamonds could be classified as “conflict diamonds” and barred from world markets, if rights groups meeting here have their way. ...

PRESIDENT Emmerson Mnangagwa joined other African leaders in Mozambique yesterday for the 12th Africa-United States (US) business summit as he seeks investment for the struggling southern African nation. ...

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ZIMBABWE has to play up its comparative advantage in the tourism and services industry to hedge against shocks in the export market, Foreign Affairs and International Trade minister Sibusiso Moyo has said. ...

CBZ Holdings is looking to bolster its property portfolio to protect value, the group’s chief executive has said. ...

ASX-listed Prospect Resources Ltd says its Arcadia Lithium project, located outside Harare remains on course, adding that costs pegged in US dollars have not changed. ...