Tafadzwa Mhlanga

Tafadzwa Mhlanga

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NMBZ net income up 2 837%

The reversal in expected credit losses was ZWL$906 million for the period under review. Deposits and other liabilities grew by 109% from December 2022 levels.
By Tafadzwa Mhlanga Sep. 5, 2023

Zim economy in deflation: CZI

Based on the CZI model, the ZWL$ month-on-month inflation rate for August 2023 was about -8%.
By Tafadzwa Mhlanga Sep. 6, 2023

Disputed polls spell doom for Zim, economists say

“Regionally, the relationships are not too bad and we can do so much to trade with one another and support one another economically.
By Tafadzwa Mhlanga Sep. 6, 2023

Govt engages insurance players on climate change

Ncube added that a lot needed to be done in the insurance industry at national, regional and global levels on the issue of financial industry.
By Belinda Chiroodza and Tafadzwa Mhlanga Sep. 7, 2023

Starafricacorporation turnover up 30%

During the period under review, sales volumes of granulated sugar produced by Goldstar Sugars were stagnant, having been 82 500 tonnes sold in the prior year to 82 321 tonnes.
By Tafadzwa Mhlanga Sep. 8, 2023

NMB in debt finance talks

NMB chief executive officer Gerald Gore said total assets closed the period at ZW$1,03 trillion, driven by revaluation gains and foreign exchange gains.
By Tafadzwa Mhlanga Sep. 8, 2023

Zimbabwe dollar remains volatile

“According to Hanke’s (American economist Steve Hanke) currency watch list the ZWL lost 96,72% of its value since the 1st of January 2022,” reads the report.
By Tafadzwa Mhlanga Sep. 10, 2023

Animal husbandry key to agriculture: IH Securities

Animal husbandry refers to livestock raising and selective breeding for profit, an enterprise which many farmers in Zimbabwe relies on for sustenance and livelihoods.
By Tafadzwa Mhlanga Sep. 11, 2023

Zida licence uptake rises

Manungo encouraged companies to work closely with Zida on getting projects to the approval stage to develop and package identified investment opportunities.
By Tafadzwa Mhlanga Sep. 14, 2023

Zida sees huge jump in new investments

From 2020 to August 8, Zida had recorded more than 700 investment licenses with a total projected investment value of US$5,65 billion.
By Tafadzwa Mhlanga Sep. 17, 2023

Zimdollar losing grip after months of stability

Chitambara said the government needed to control the money supply growth.
By Tafadzwa Mhlanga Sep. 17, 2023

Mashonaland Holdings re-evaluates property investments

This helped spur profit after tax for the period under review to ZWL$236,43 billion as at June 30, 2023, from a comparative of ZWL$7,7 billion last year.
By Tafadzwa Mhlanga Sep. 18, 2023

Business sweats over Labour Amendment Act

Nec is a national employment code of conduct which provides for the termination of a contract of employment for disciplinary reasons.
By Tafadzwa Mhlanga Sep. 18, 2023

Cottco pays US$15,9 million to farmers

Mupanduki said during the period under review, the company struggled to access funding from approved facilities with funding starting to unlock as the season progressed.
By Tafadzwa Mhlanga Sep. 19, 2023

BNC turns to local bank loans

This comes after several big companies have indicated that they have not been lucky in getting large capital from banks.
By Tafadzwa Mhlanga Sep. 22, 2023

Proplastics charms regional market

The group's exports market includes countries like Zambia, Mozambique, the Democratic Republic of Congo, Malawi, and Botswana.
By Tafadzwa Mhlanga Sep. 24, 2023

Zera bemoans low IPPs success rate

The country has more than 100 IPPs with a cumulative capacity of 8 000 megawatts (MW) potential capacity installation.
By Tafadzwa Mhlanga Sep. 24, 2023

CBZ keeps hawk’s eye on global interest rates

Chairperson Marc Holtzman said the group was making inroads into the renewable energy sector and was mobilising resources to support clients in that sector.
By Tafadzwa Mhlanga Sep. 25, 2023

Unifreight runs on empty as liquidity thins out

However, this increase caused the firm to report a loss of ZWL$9,3 billion at the end of June.
By Tafadzwa Mhlanga and Belinda Chiroodza Sep. 27, 2023

Mines minister calls for lithium partnerships

In line with the National Development Strategy 1, Soda said the government's thrust was to ensure mineral beneficiation and value addition to achieve the country’s Vision 2030.
By Tafadzwa Mhlanga Sep. 27, 2023

Zim targets sesame global market

Value addition to the sesame seeds can also be profitable as it would cater to the diverse needs of international consumers and command higher prices.
By Tafadzwa Mhlanga Sep. 28, 2023

OK Zim registers 8% drop in sales volumes

There were also significant increases in the amounts that were being charged compared to product prices.
By Tafadzwa Mhlanga Sep. 28, 2023

ZimStat ‘rigs’ inflation figures, again

According to ZimStat, the TCPL for Zimbabwe was ZWL$95 462,53 per person this month representing an increase of 4,8% compared to the August comparative of  ZWL$91 063,30.
By Tafadzwa Mhlanga Sep. 29, 2023

BAT sales volumes down 15%

Taxes paid in the form of excise duty, corporate tax, value-added tax, customs duty, pay as you earn and withholding tax amounted to ZWL$14 billion in historical
By Tafadzwa Mhlanga Sep. 29, 2023

Zera shuts down garages amid fuel contamination scandal

It said those netted were either operating without valid Zera licences or charging above regulator prescribed prices.
By Tafadzwa Mhlanga Sep. 29, 2023

PR executives push for stake in the boardroom

Marowa said PR people have greater knowledge on how to approach different stakeholders.
By Tafadzwa Mhlanga Sep. 29, 2023

Ministry dispatches gold mobilisation teams

This can deprive the country of much-needed capital and expertise.
By Brent Shamu and Tafadzwa Mhlanga Oct. 3, 2023

Market rejects ZWL$50 notes...as currency loses value

Economist Prosper Chitambara said the rejection of the ZWL$50 note might push government to release higher denomination notes, a move that would increase the money supply.
By Tafadzwa Mhlanga Oct. 3, 2023

US$12bn needed for infrastructure rehab, says Govt

Magombo called on the private sector to assist the ministry with long-term infrastructure development projects.
By Tafadzwa Mhlanga Oct. 4, 2023

Non-compliance behind small-scale mining deaths

Small scale gold miners contribute 60% to total gold production, making them a large income generator.
By Tafadzwa Mhlanga Oct. 4, 2023