AFRICA BUSINESS

Rand manipulators taken to ConCourt

The Constitutional Court will hear the Competition Commission's bid to overturn a ruling that cleared major banks of wrongdoing in a decade-long rand manipulation case. The proceedings are scheduled ...

By Staff reporter | Published: 19 August 2025

AFRICA

Rand ignores Trump tariffs

The rand continued to gain on Friday morning, shrugging off the impact of US trade tariffs that came into effect at midnight.The taxes, threatened by US President Donald Trump and amended several time...

By Staff reporter | Published: 08 August 2025

AFRICA BUSINESS

Big swing for the South African rand

The rand has recovered significantly after the chaos of the past week, pulling back below R19 to the dollar as both the US tariff was and shakiness in the Government of National Unity (GNU) ease.Afte...

By Staff reporter | Published: 14 April 2025

FINANCIAL SERVICES

Steward Bank seeks to rebrand as TN Cybertech Bank

Steward Bank Limited has initiated the process to change its name to TN Cybertech Bank Limited, according to a public notice issued last week, signalling what could be a significant repositioning in Z...

By Staff reporter | Published: 14 April 2025

AFRICA BUSINESS

SA losing US$62 billion a year due to illicit financial flows

South Africa is losing more than US$62 billion a year because of illicit financial flows (IFFs), which could be used to fund the building of schools, hospitals and safer roads.This was highlighted at ...

By Staff reporter | Published: 12 September 2023

MINING & RETAIL

Simbisa Brands shifts focus to growing regional operations

Simbisa Brands invested ZWL$18.4 million in the year ended June 30, 19 on expansion and maintenance of its existing counters to a best-in-class standard as it forges ahead to consolidate its share of ...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Zimdollar, rand parity reignites debate

The Zimbabwe dollar and South Africa's Rand (ZAR) have held par for almost two weeks now, reigniting debate on whether monetary authorities should re-consider adopting the rand as a functional currenc...

By Staff reporter | Published: 05 October 2019

MINING & RETAIL

Simbisa Brands slashes prices

LISTED quick service business, Simbisa Brands, has set the pace by slashing prices of its major products by 20 percent margins in response to monetary and fiscal consolidation measures being implement...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

Villagers stranded as miner seals boreholes

Villagers in Mutoko were left scavenging for water after a local granite mining company, upon closing shop, sealed off boreholes it had drilled in the area.In his report during a provincial coordinati...

By Staff reporter | Published: 30 April 2019

FINANCIAL SERVICES

MetBank names Marandure new chairperson

METBANK has announced the appointment of a new chairperson who takes over from Wilson Manase whose tenure has expired.In a statement, the bank said Darlick Marandure took over from Manase in June 2018...

By Staff reporter | Published: 28 April 2019

BUSINESS NEWS

Zimbabwe shoots down Masiyiwa's rand proposal

Industry and Commerce minister, Nqobizitha Mangaliso Ndlovu has shot down the suggestion by billionaire telecoms tycoon Strive Masiyiwa for Zimbabwe to price all goods in South African rand to achieve...

By Staff reporter | Published: 26 April 2019

AFRICA BUSINESS

Namibia mulls end to 25-year rand peg

Namibia is growing tired of the economic pain caused by the volatile rand and is considering ending a 25-year-old peg to the SA currency.The government in Windhoek is weighing options to amend the cur...

By Staff reporter | Published: 23 December 2018

INDUSTRIALS & ENERGY

Simbisa Brands discounts US$ customers

LISTED quick-service restaurant business, Simbisa Brands, has resolved to offer discounts on its prices to customers who pay in US dollars to enhance the entity's foreign currency earnings. In an oper...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Simbisa Brands implements two-tier pricing model

ZIMBABWE's largest fast food chain, Simbisa Brands Limited (SBL), says it will implement a two-tier pricing model, offering discounts for customers paying in United States dollars as it tries to raise...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Busisa Moyo re-ignites rand debate

Industrialist Busisa Moyo has re-ignited the rand adoption debate by saying Zimbabwe can encourage "the wider circulation of the South African currency under its multi-currency system".This also comes...

By Staff reporter | Published: 03 December 2018

POLITICS

Police demand $3,6m for rebranding

Police Commissioner-General Godwin Matanga, who admitted in Parliament yesterday to selective application of the law by members of the police force, said they required at least $3,6 million for rigoro...

By Staff reporter | Published: 28 November 2018

BUSINESS NEWS

Zimbabweans want US or Zim dollar only, not SA Rand

THE majority of Zimbabweans would be happy to adopt the United States dollar or the Zimbabwe dollar as only currency and are adverse to the use of bond notes, according to a recent public opinion surv...

By Staff reporter | Published: 21 September 2018

POLITICS

Harare Province rebrands

Harare Metropolitan Province has completed its rebranding exercise with the tagline "Pulse of Zimbabwe", which is expected to position the province as the leading investment, tourism and trade destina...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Brands and stores affected by Edcon's new recovery plan

Edcon Holdings' latest recovery plan includes closing chains including Red Square cosmetics and La Senza lingerie and attempting to lure their customers to its flagship Edgars clothing stores.The move...

By Bloomberg | Published: 05 July 2018

TELECOMS & TECHNOLOGY

EcoCash glitches leave thousands stranded

THOUSANDS of Econet customers have been stranded in recent days as the popular EcoCash mobile money transfer platform has been misfiring.Subscribers have been struggling to make payments via EcoCash s...

By Staff reporter | Published: 04 July 2018

POLITICS

0 arrests over Mnangagwa grande, 30 over Ethiopia attack

The number of officials detained in connection with Saturday's bomb attack in the Ethiopian capital, Addis Ababa has reached about 30, state TV reported. Addis Standard late yesterday wrote wrote on i...

By Staff reporter | Published: 25 June 2018

TRANSPORT & TOURISM

Air Zimbabwe leaves passengers stranded

Scores of passengers were left stranded at Robert Gabriel Mugabe International Airport yesterday morning after an Air Zimbabwe flight to Bulawayo took to the skies two hours earlier than scheduled.The...

By Staff reporter | Published: 25 June 2018

OPINION

Mazoe: Why we must not kill this Zim brand

Mazoe juice has a long-standing history of brand loyalty unseen not only here in Zimbabwe, but the world over. Its true value is hinged in the desire by its huge loyalty base for long-term connections...

By Sifelani Tsiko | Published: 22 June 2018

TRANSPORT & TOURISM

Tourism leads brand Zimbabwe campaign

At a local upmarket hotel, guests emerge with T-shirts emblazoned Zimbabwe is open for business. This is the new mantra adopted by President Emmerson Mnangagwa's administration to lure investors after...

By Staff reporter | Published: 20 June 2018

ECONOMC INDICATORS

Falling SA rand hammers ailing Zimbabwe

THE alarming fall of the South African rand against major currencies - over the past few months - is likely to hit Zimbabwe's ailing economy hard.Although Harare continues to resist local industry's i...

By Staff reporter | Published: 15 June 2018
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