Business

Business

All too often, the only things that the world hears about Zimbabwe are the country’s woes. These include the very widely publicised problems that the country has had ...

Lands, Agriculture, Water and Rural Resettlement minister Perrance Shiri has made a clarion call for policies that will help in eradicating hunger and poverty in Africa. ...

CHINESE-OWNED transport company, Wan Jia Le Logistics (Zimbabwe) (Pvt) Ltd, has taken Hwange Coal Gasification Company (HCGC) and its director, Guo Feng, to court over a US$61 500 transportation debt. ...

STATE-CONTROLLED mobile network operator NetOne has again suspended its chief executive officer Lazarus Muchenje and chief finance officer Sibusiso Ndlovu on allegations of abuse of office following an internal audit. ...

HIPPO Valley Estates Limited (Tongaat Hulett) said industry sugar exports increased by 23% during the third quarter ended December 31, 2019, significantly increasing the company’s access to foreign currency. ...

AGRIBANK chief executive Somkhosi Malaba has retired after nearly 16 years at the helm of the bank. ...

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Weddings Stephen Margolis Resort is known for its uniqueness in weddings where couples wed on water. Their clients have come from far and beyond to experience taking their ...

GOVERNMENT has gazetted a new law which forces private, public and shelf companies to submit annual returns within 21 days after the date of the anniversary of their incorporation. ...

THE Mines ministry has demanded weekly reports from its parastatals as a way of tracking progress towards attaining the ambitious US$12 billion industry, NewsDay Business has learnt. ...

“When you have eliminated the impossible, whatever remains, however improbable, must be the truth.” ...

ZIMBABWE'S banking sector workers are pushing for a 37,6% salary hike as salaries continue to be wiped out by rising inflation. ...

There are more close to seventy companies listed on both the Zimbabwe Stock Exchange and the Financial Securities Exchange (FINSEC). One does not have to buy the first business that strikes their eye. ...

NATIONAL Tyre Services Limited (NTS) says the depreciating Zimbabwe dollar was affecting demand for its products, after recording a 37% decline in volumes for the third quarter to ...

ZIMBABWE’s largest fast-food chain, Simbisa Brands Limited (Simbisa) is targeting to open 15 new outlets across the country this year, at an estimated cost of US$3 million, managing ...

THE Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani has called for monetary and fiscal policies alignment as the depreciating Zimbabwe dollar (ZWL) has made it difficult to plan. ...

INDUSTRY in Bulawayo yesterday challenged government to stop crying about sanctions, but start creating a conducive operating environment, give them fuel and forex for raw materials as well as sort out the exchange rate. ...

THE country’s oldest funeral services provider and life assurance company, Doves, has re-aligned its products in line with strategic angling for value-addition of new life assurance products. ...

On Tuesday, ZUVA Petroleum announced that eight of its service stations would be accepting foreign currency payments as number of fuel operators continue to withhold the liquid. ...

ZIMBABWE’S tourist arrivals plunged by 11% to 2,29 million last year, mainly attributable to destination image issues, Zimbabwe Tourism Authority (ZTA) acting chief executive officer Givemore Chidzidzi has ...

Zimbabwe’s poultry industry recorded a 19% slump in output, producing an average of 70 million day-old chicks last year with industry players citing escalating cost of stockfeed as ...

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya served up his first monetary policy speech of the year on Monday in typical fashion; over-optimistic bluster topped with a ...

The first thing that comes to mind when a person mentions the Stephen Margolis Resort are the unique weddings on the floats on their dam waters and the carved rocks, surrounded by the indigenous tree species…but that’s not all, the Resort has more to offer for cooperates, individuals, families, groups, churches etc. The list is endless. ...

Bitcoin is the best known virtual currency in the world.  Bitcoin allows you to purchase real goods and services, using a virtual currency, ensuring the validity of transactions with a complicated encryption system. The ...

Technology continues to increase the globalisation of the capital markets. ...

IRIVINE’S Zimbabwe has called for a 100% foreign currency retention on its export proceeds as it bemoans a proposed tax on exports. ...

Zimbabwe’s central bank yesterday left its benchmark lending rate unchanged at 35%, citing moderating inflation, as the regulator looked to introduce more local currency and limit the flood of foreign tender. ...

  Margolis Holdings celebrated their 39th Anniversary yesterday which was well attended by guests of all walks of life. Speeches were given by Mr Margolis himself, followed by ...

Stock markets provide a trading platform where shares of publicly-held companies are sold and bought. ...

FINANCE minister Mthuli Ncube (pictured) has come under fire from legislators over subsidising mealie-meal at 25% compared to Zupco’s 80% subsidy amid widespread hunger. ...

PROSPECT Resources, which is developing a lithium mine at Goromonzi, north east of Harare, reports that it has discovered a “significant” presence of caesium, a rare mineral used ...