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BUSINESS NEWS

Outcry over RDC levy

Cattle farmers have raised concern over the exorbitant levy charged by the Rural District Councils (RDC) when selling live cattle to a commercial buyer which has affected their operations.Currently, f...

By Staff reporter | Published: 02 June 2022

BUSINESS NEWS

Call to improve Harare's bad liveability ranking

The city of Harare should work to improve its bad ranking in the liveable index to attain world class city status, Harare Residence Trust director Precious Shumba has said.Harare City Council has been...

By Staff reporter | Published: 02 June 2022

MINING & RETAIL

Zimbabwe govt bails out Hwange

The government has issued US$112m worth of Treasury Bills to settle debts owed by Hwange Colliery Company (HCCL), Business Times reported.Government is the biggest shareholder in HCCL with a 37% stake...

By Staff reporter | Published: 02 June 2022

Nestlé Zimbabwe fosters Agripreneurship

Food and beverages concern, Nestlé Zimbabwe, says its National Dairy Empowerment Scheme (NDES) has evolved to focus on agripreneurship as it seeks to scale up output and build competences in farmers....

By Staff reporter | Published: 02 June 2022

All set for women in PR conference

The Institute of Public Relations and Communication Zimbabwe (IPRCZ) will hold a conference for women in public relations at the end of this month in the capital Harare.Information, Publicity and Broa...

By Staff reporter | Published: 02 June 2022

RBZ US$ surrender component affects Truworths

Listed clothing apparel Truworths' revenue was heavily affected by the Reserve Bank of Zimbabwe (RBZ)'s 20% surrender component which compels the local companies to remit a portion on all local US$ sa...

By Staff reporter | Published: 02 June 2022

Mnangagwa appoints diplomat Faranisi as perm sec

President Emmerson Mnangagwa has appointed Ambassador Tayerera Faranisi as the new permanent secretary in the Ministry of Environment, Climate, Tourism and Hospitality Industry with effect from August...

By Staff reporter | Published: 02 June 2022

Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and ca...

By Staff reporter | Published: 02 June 2022

BUSINESS NEWS

Zimdollar strengthens against the real US dollar

The local currency appreciated for the first time against the US dollar after it firmed a marginal 0.094% to 83.3209 from 83.3994. This followed a drop in both the highest and lowest bids to 87.5 and ...

By Staff reporter | Published: 01 September 2020

ZIMBABWE

SecZim licences VFEX

The Securities and Exchange Commission of Zimbabwe has licenced the Victoria Falls Stock Exchange paving way for its scheduled opening. The VFEX will become the country's second stock exchange as...

By Staff reporter | Published: 01 September 2020

ZIMBABWE

Seedco seeks to merge Zimbabwe operations for secondary listing

Pursuant to the proposal to transfer the ZSE Secondary Listing of Seed Co International Limited from the ZSE to the soon to be established VFEX, a proposal to merge the Zimbabwean operations, held und...

By Staff reporter | Published: 01 September 2020

BUSINESS NEWS

Concerns that informal market may mop up US$ as parallel rates creep up

Industry is yet to gather data on how much sales are being generated in foreign currency although there is an increase in the use of domestic nostro accounts to settle transactions as RTGS liquidity b...

By Staff reporter | Published: 01 September 2020

LANDS & AGRICULTURE

Milk production in July increases 5%

Milk production increased 4.84% in July to 6.5 million litres which is two thirds of the country's monthly requirements of 10 million litres. According to the latest Zimbabwe Dairy Services stati...

By Staff reporter | Published: 01 September 2020

ZSE TODAY

Stocks back in negative territory on Simbisa, Innscor

The stock market made a marginal swing back to negative territory weighed down by losses in Simbisa and Innscor although the market breadth was positive, as stocks remain a safe haven in this crisis p...

By Staff reporter | Published: 22 April 2020

LANDS & AGRICULTURE

Zimbabwe writes off 106 520ha of maize due to dry weather spell

The Ministry of Agriculture is pursuing crop diversification in order to spread the risk of crop failure after the prolonged dry spells experienced in the 2019/2020 season led to low area planted and ...

By Staff reporter | Published: 22 April 2020

ECONOMC INDICATORS

Zimbabwe's March annual inflation rises to 673.39%

Zimbabwe's annual inflation rose in March to 676.39% with expectations that it might touch the 1000% level within two months as supply chain disruptions and shortages are expected to lead to prolonged...

By Staff reporter | Published: 14 April 2020

TELECOMS & TECHNOLOGY

Ralph Mupita paid R66.3 million by MTN for 2019

MTN has published its integrated report for 2019, showing what its top executives were paid in the last year.MTN group chief financial officer, Ralph Mupita, took home the largest salary at the group ...

By Staff reporter | Published: 31 March 2020

BUSINESS NEWS

Mnangagwa okays US dollar use

PRESIDENT Emmerson Mnangagwa has gazetted Statutory Instrument 85/20, which will allow citizens and businesses to charge goods and services using the United States (US) dollar as part of combating the...

By Staff reporter | Published: 31 March 2020

BUSINESS NEWS

RBZ suspends 30-day forex liquidation requirement

The Reserve Bank of Zimbabwe has suspended the 30-day liquidation requirement on un-utilized foreign currency balances for exporters to support its use of free-funds policy. Last week the RBZ announce...

By Staff reporter | Published: 31 March 2020

POLITICS

Massive border fence between South Africa and Zimbabwe

In response to the Covid-19 pandemic, government is to erect a 40km fence within a month to ensure that no undocumented or infected persons cross the border into South Africa from Zimbabwe and vice ve...

By SA News | Published: 19 March 2020

ZSE TODAY

ZSE stocks little changed as Old Mutual halts losing streak

The equities market closed near flat on Thursday after gains in select heavyweight stocks restricted the losses on the benchmark index to just 0.08%.Trading in the heavyweight was not impressive with ...

By Staff reporter | Published: 19 March 2020

BUSINESS NEWS

Tax breaks for renewable energy investors as govt launches new policy

Government has dangled a carrot to potential investors in the renewable energy sector by giving tax breaks as well as awarding national project status for such ventures.This is contained in the new en...

By Staff reporter | Published: 19 March 2020

INDUSTRIALS & ENERGY

Willdale sales volumes in 5 months to Feb grow 10%

Willdale says sales volumes in the five months to February are 10% above prior year while profitability in the period has grown above the inflation rate due to an effective pricing mechanism and cost ...

By Staff reporter | Published: 19 March 2020

ZIMBABWE

Zim$ depreciates 27.28% as Reuters goes live

The Reuters foreign currency trading platform went live today, marking Zimbabwe's long-delayed step towards a transparent and effective foreign exchange trading platform.This also comes as Bureaux de ...

By Staff reporter | Published: 18 March 2020

ZSE TODAY

ZSE falls as RBZ readies corporate OMO Bills to mop up excess liquidity

The stock market fell on Wednesday but at a much slower pace as investors have adopted a somewhat wait and see approach until the dust settles on the ongoing currency reforms that Treasury and the Res...

By Staff reporter | Published: 18 March 2020
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