Business

Business

AMTEC Motors (Amtec), a local automotive dealer specialising in vehicle sales, spare parts and accessories and vehicle servicing, says it has positioned itself for future growth, buoyed by strong automotive industry prospects in the outlook. ...

Dual-listed Cafca expects to report full-year earnings that are substantially higher than 2017 and were driven down by a decline in volumes. ...

THE year on year inflation rate gained 0,54 percentage points to 4,83% in August, the Zimbabwe National Statistical Agency (ZimStat) said yesterday. ...

Zimbabwe has the second most expensive mobile data in sub-Saharan Africa after Equatorial Guinea at $25 for one gigabyte, a technology report released last week has shown. ...

Delta Corporation (Delta) a local beverage maker, says it is committed to funding local innovation, promoting entrepreneurship among youths and supporting small-enterprise investment projects with a high impact ...

Exchange rates on Zimbabwe’s parallel market have risen sharply in the past week to 100% for real time gross settlement (RTGS) transfers, triggering fears of more price increases. ...

Fidelity Printers and Refiners (Fidelity), the country’s sole gold buyer, says gold output could hit 50 tonnes in two years on the back of a central bank support ...

ZimTrade, Zimbabwe’s export promotion institution, has called for the deepening of valued-added manufacturing on current exports to Germany to diversify the country’s export basket and scale up global value chains. ...

A CUSTOMER service symposium held last week attracted Zimbabwe’s top entrepreneurs and firms, including quoted companies who gathered in Harare to explore strategies on how the country could catch up with the rest of the world on issues of service quality. ...

Masimba Holdings, a Zimbabwe Stock Exchange-listed contracting company, expects Zimbabwe’s infrastructure sector to recover strongly in the outlook and drive its contracting business. ...

Sino Zimbabwe Cement Company (Sino-Zim) says it plans to export cement to countries in northern Africa and grow its export market by 300% in the near future. ...

FIRST Mutual Holdings Limited’s (FMHL) acquisition of NicozDiamond Insurance Company Limited (NDIL) helped boost its profit after tax by 102% to $8,66 million for the half year period ...

THE Pharmaceutical Manufacturers’ Association of Zimbabwe (PMAZ) says for the country’s pharmaceutical sector to enhance its capacity and make significant contribution to public health, employment, economic and scientific ...

THE Competition and Tariff Commission (CTC) has ordered the Zimbabwe Electricity Transmission and Distribution Company (ZEDTC) to open its tenders to all qualified bidders following allegations of anti-competitive ...

THE Reserve Bank of Zimbabwe (RBZ) plans to flood the banking system with more transferable balances created through real time gross settlement (RTGS) intended to support gold exporters in a desperate effort to ramp up foreign currency earnings. ...

The International Monetary Fund (IMF) has appointed Patrick Amir Imam as Zimbabwe’s resident representative, replacing Christian Beddies, who has been in the country since 2014. ...

COLD Storage Company (Ltd), a beef producer with refrigerated warehousing, has downscaled its operations and put its employees on a “short time” work schedule under which they will now be paid based on the actual number of “man-hours” worked. ...

METBANK says it will focus its lending business on mortgage financing and commercial banking products that promote financial inclusion under a strategic plan that will determine the direction of the institution on a five-year horizon. ...

ZIMBABWE’S import bill rose 26% in the six months to July 31 this year, driven by firming demand for fuel and food. Data for January is missing. ...

THE world over, many resources are spent on conferences, agricultural shows and summits, like the recent Forum on China-Africa Cooperation held in the first week of September 2018 in China. ...

SABLE Chemicals Industries (Sable), Zimbabwe’s only manufacturer of ammonium nitrate (AN), says it will only be able to meet just about 38% of national demand this year. ...

THE Zimbabwe Revenue Authority (Zimra) says it is ready to contribute to a “new dispensation” through tax administration reforms, which seek to simplify tax rules and help taxpayers to meet regulatory requirements more effectively and efficiently. ...

DELTA Corporation (Delta) says it has invested at least $2,9 million in infrastructure-related corporate social investments under its integrated sustainable development framework. ...

AFRICAN Sun Limited (ASL) has announced it will spend $2,1 million in the last quarter of 2018 on refurbishments to improve standards of its hotels and boost occupancy in the future. ...

THE Zimbabwe Revenue Authority (Zimra) says it is looking to reform its tax processes as part of measures to improve collections and expand the tax base. ...

NATIONAL Tyres Services (NTS), a retailer of new tyres and tubes, is battling the influx of smuggled tyres, new and used, which have claimed part of its market share. ...

SOUTH AFRICAN fast-food giant Barcelos will invest $1,5 million and open an additional four outlets in Zimbabwe over the next 12 months, according to an official. ...

GOVERNMENT has injected $10 million into the Export Credit Guarantee Corporation of Zimbabwe (ECGC) in a bid to promote the growth and diversification of the country’s export trade, an official has said. ...

ZIMBABWE’S economic challenges continue to mount with key towns, Beitbridge and Victoria Falls, running out of fuel. ...

Tapiwa, who is a U-Report CATS, said he used to think HIV and Aids is only a result of promiscuous behaviour, which gives a reflection of myths and misconceptions around the transmission of the disease. This has taught him to refocus on issues around HIV prevention, treatment, care and support. ...