Business

Business

BRITISH American Tobacco (BAT) has recorded a 60,68% jump in profit-after-tax (PAT) from $4,61 million to $7,41 million for the half year period ended June 30, 2018. ...

THE Institute of Chartered Accountants of Zimbabwe (Icaz) is holding its winter school in Victoria Falls and at the same time celebrating it’s 100th anniversary. ...

ZIMBABWE is still engaging Sadc on full market access as it has not yet fully implemented the Sadc Free Trade Area due to industrialisation, a government official has said. ...

IN 2018, over 20 African countries will hold presidential and parliamentary elections across the continent. Zimbabwe holds its general elections on Monday, a day that has been declared a national holiday. Ordinarily elections should not cripple the economy, create instability or bring uncertainty, but those are the vagaries and realities of operating in certain world markets. One of Africa’s pitfalls is that politics has led the economy for far too long, instead of it being the other way round. ...

Zimbabwe Stock Exchange (ZSE) acting chief executive officer Martin Matanda says demand for stocks has been rising especially in bluechip counters such as Delta, Econet and Old Mutual over the last few days due to increased investor appetite. ...

LIQUID Telecom Zimbabwe managing director, Wellington Makamure, says the interterrestial high speed optic fibre they are working on will see the creation of communication and learning zones called Edu-Zones. ...

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has rolled out over 146 community information centres (CICs) throughout the country courtesy of the Universal Service Fund (USF). ...

An under-appreciated advantage of African informal food markets is how they allow farmers, traders, consumers and other actors to emotionally participate in business and change processes through sharing their aspirations and frustrations. ...

SOUTH African firm Emergent Research says a clear winner and a clean election will see the gross domestic product (GDP) grow to 6,5% by year end. ...

Construction of a $12 million shopping complex in Bulawayo’s Cowdray Park suburb by Sai Enterprises is on course, with $6 million of the project’s total capital requirements having been spent, an official has said. ...

THE Zimbabwe Revenue Authority (Zimra) says seizure of contraband has risen significantly over the past few days after it tightened screws on cross-border traders involved in smuggling of goods across the country’s border posts. ...

ZIMBABWEANS will on Monday hold crucial elections, where they will be choosing the country’s next President and Members of Parliament to guide the nation in the next five years. ...

PRESIDENT Emmerson Mnangagwa has urged mining companies to adhere to the country’s environmental laws to avoid land degradation and environmental pollution during their operations. ...

Standards Association for Zimbabwe (SAZ)’s director-general, Eve Gadzikwa, yesterday urged companies in the insurance sector to maintain quality standards for the benefit of their customers. ...

MOBILE telecommunications firm, NetOne, says its mobile financial service — OneMoney — increased its active subscribers by more than 49% in the first quarter of the year, due to the increase in the use of electronic money in the country. ...

PRESIDENT Emmerson Mnangagwa has encouraged Delta Corporation Limited to explore the export market and also consider investing into the regional market to help secure foreign currency for the country. ...

ZIMBABWE’S raw milk production is projected to grow by an average of 12% in 2018, buoyed by government’s dairy revitalisation programme which aims at increasing the national herd, an official has said. ...

FARMVEST has launched a new investment opportunity which will allow locals and the diaspora a chance to invest in a part ownership purchase of agricultural equipment to be rented out to farmers. ...

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has bemoaned the abuse of social media by other members of the society, saying the practice had cost the nation socially, financially and economically. ...

TOURIST arrivals at Matobo National Park surged 11% to 11 513 during the first quarter of the year, spurred by the growth in both foreign and domestic arrivals, an official has said. ...

PRIVATE Hwange coal miner, Makomo Resources, says it expects to ramp up its production in the third quarter of this year to surpass last quarter’s figures by 50% following acquisition of new machinery. ...

The Zimbabwe Miners Federation (ZMF), an umbrella board representing small-scale miners, recently elected a new leadership led by the former Zimbabwe Football Association administrator, Henrietta Rushwaya. NewsDay (ND) business reporter Mthandazo Nyoni caught up with ZMF’s newly-elected secretary-general Lindi Mpofu (LM) to discuss issues affecting the sector and listen to the executive’s vision. Find below excerpts of the interview. ...

THE Zimbabwe Electricity Transformation and Distribution (ZETDC) yesterday said 100 000 of its customers were still to migrate to the smart prepaid metering system aimed at optimising electricity ...

TOTAL assets in the pension industry declined by 6,5% to $4,03 billion in the fourth quarter of last year due to a shrinkage in equity investments that were affected by a drop in equity prices. ...

THE Diaspora Infrastructure Development Group (DIDG) has appointed Imara Corporate Finance and EY South Africa as its advisors to set up the Collective Investment Scheme meant to allow ...

Infrastructure is the backbone of economies throughout the universe. An efficient and well-maintained infrastructure is critical in sustaining an economy. ...

ECONET Wireless has launched “EcoSure Moovah”, a short-term motor vehicle insurance product targeting the over one million uninsured vehicles in the country. ...

Local farmers have been urged to grow sesame seeds for export with indications that global imports of the oldest oilseed crop raked in $2,2 billion in 2017. ...

SMALL-SCALE miners have called on the government to parcel out land to artisanal and small-scale miners to increase the gold output, as they produced 2,8 tonnes of gold in the first quarter. ...

SEED Co Limited board has proposed to its shareholders to partially unbundle 71% of its Seed Co International Limited shares by way of a pro rata dividend-in-specie distribution as part of a strategy to unlock shareholder value for its continental operations. ...