Business

Business

THE resort town of Victoria Falls is inundated with inquiries from Zimbabwe’s major tourism source markets keen on directly investing into the tourism sector, an industry official has said. ...

THE Consumer Council of Zimbabwe (CCZ) says the family basket went up by $6,99 to $598,04 by the end of July 2018, due to fuel price fluctuations, anticipation of salary adjustments for civil servants and seasonal consumption patterns. ...

Tiles For Africa has partnered local finance firm, Delight Africa Group to offer a $15 million credit facility per month to homeowners seeking to tile their homes. ...

THE Zimbabwe Stock Exchange (ZSE)’s market capitalisation lost over $200 million last week as the market indices continued to be held down by the uncertainty around elections, ZSE data shows. ...

LIQUID Telecommunications Holdings Limited (LTHL) has snapped up Zambia’s Hai Telecommunications Ltd, with the deal now awaiting approval from Zimbabwe’s Competition and Tariff Commissions, NewsDay has established. ...

Government interferences in the running of local authorities have cost the Bulawayo City Council (BCC) millions in potential investment. NewsDay (ND) business reporter, Mthandazo Nyoni this week met outgoing Bulawayo mayor, Martin Moyo (MM) to speak on these issues. Find below excerpts from the interview. ...

THE National Railways of Zimbabwe (NRZ) says its decision to hire equipment from Transnet South Africa has started paying dividends, with cargo freight volumes increasing since April this year. ...

SEED CO International Limited is expected to list on the local bourse and Botswana Stock Exchange (BSE) soon as the company partially unbundles to help fund its regional operations, NewsDay has learnt. ...

PIPE manufacturing concern, Proplastics, says operations will remain slow and painful in the post-election period. ...

INTERNATIONAL suppliers of wheat have reportedly hiked prices by $35 per metric tonne in response to rising shipment costs, a development likely to trigger a sharp increase in the prices of flour and bread among net importing countries such as Zimbabwe. ...

CBZ Holdings Limited says it will commit $120 000 into the Youth Entrepreneurs Programme (YEP) in line with the Reserve Bank of Zimbabwe’s 2016-2020 National Financial Inclusion Strategy. ...

Tracking local activities and keeping daily updates does not just enable communities to practise what they preach. ...

NEWLY-APPOINTED NetOne chief executive officer, Lazarus Muchenje, has petitioned the High Court challenging Information Communication Technology and Cyber Security minister, Supa Mandiwanzira’s directive compelling the parastatal to reinstate the nine executives whose contracts had expired. ...

THE Tobacco Research Board (TRB) says it anticipates a massive increase in tobacco hectarage this year as new farmers were now venturing into the production of the golden leaf. ...

ZIMBABWE’S current economic woes were self-inflicted and the ruling party, Zanu PF, should take full responsibility for the demise of the economy. ...

Government last week dissolved Air Zimbabwe management board and appointed Grant Thornton Chartered Accountants as caretaker administrators for the country’s airline, NewsDay has established. ...

TRADING on the Zimbabwe Stock Exchange (ZSE) was down last week as investors were weighing their options and exercising extreme caution ahead of an announcement of the election results, trading data has indicated. ...

REGIONAL cement manufacturer, Pretoria Portland Cement (PPC), says sales volumes at its Zimbabwean entity increased by over 40% from last year, despite the harsh trading environment. ...

OLD Mutual Group has unveiled plans to construct 3 000 low-cost houses in Bulawayo over the next three to four years to complement council efforts to reduce the city’s housing backlog currently pegged at more than 100 000. ...

As local manufacturers struggle to raise foreign currency to import raw materials and equipment on one end, another uncontrolled delinquent flourishes on the other to their detriment. Cheap imports have flooded the Zimbabwean market and are knocking local products off the shelves ...

President Emmerson Mnangagwa’s tenure as Zimbabwe’s newly-elected president got off to a rocky start. ...

The Zimbabwe Tourism Authority (ZTA) says the country still remains a safe tourism destination despite protests that engulfed Harare’s central business district recently. ...

German Chamber of Commerce and Industry (SAGCC) says it will decide on leading a business delegation after a clear political direction in the country following the disputed July 30 elections. ...

While we have a number of institutions that are earmarked to help drive growth in the SMEs sector, the major challenge cited by SMEs is access to finance. ...

ZIMBABWE’S ZB Bank, continues to trade profitably and is ahead of its year-to-date budget projections, group chief executive officer Ronald Mutandagayi has said. ...

Deloitte partner and business rescue practitioner and member of the Turnaround Management Association of Southern Africa, Tapiwa Chizana (TC) was recently elected president of Institute of Chartered Accountants ...

JOHANNESBURG — Platinum producer Impala Platinum will slash about a third of its workforce over two years in one of the biggest rounds of job cuts by one ...

ZIMBABWE is targeting to produce about three million carats of diamonds by year-end up from 1,8 million produced last year, owing to a new conglomerate crushing and diamond ...

ZIMBABWE’s business leaders have slammed violence that erupted in Harare’s central business district (CBD) on Wednesday, saying it was not good for business growth. ...

THE price hikes being experienced in Zimbabwe could be easily diagnosed by the basic principles of economics, the Confederation of Zimbabwe Retailers (CZR) has said. Zimbabwe has been ...