MINING & RETAIL

Retailers shift blame on price increases

RETAILERS, who stand accused of profiteering, have attributed the relentless price increases to currency instability and the rising cost of doing business. In an interview, Confederation of Zimbabwe R...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Big retail shops comply with forex directive

A snap survey conducted yesterday revealed that several retail shops in Bulawayo had already complied with the new policy and were selling their products in local currency. Although others had adjuste...

By Staff reporter | Published: 26 June 2019

FINANCIAL SERVICES

StanChart rolls out retail digital banking

The country's oldest financial institution, Standard Chartered Bank Zimbabwe (StanChart), is planning to strengthen its franchise by rolling out its first digital banking platform for its retail custo...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

NatPharm to open retail pharmacies

THE National Pharmaceuticals Company (NatPharm) will soon establish retail pharmacies that will dispense drugs at affordable prices and accept forms of payment accessible to the majority as Government...

By Staff reporter | Published: 03 February 2019

BUSINESS NEWS

Zimbabwe retailers appeal for distress fund

Retailers have called on Government to establish a distress fund that will help re-capacitate and restock businesses that fell victim to the looting and vandalism that took place during last week's vi...

By Staff reporter | Published: 25 January 2019

MINING & RETAIL

'Looting spells death for Zimbabwe retailers'

BUSINESSES that were broken into, looted and sometimes burnt down during the recent nationwide protests might not be able to rebuild, restock and reopen, business leaders have said.Last week Zimbabwe ...

By Staff reporter | Published: 20 January 2019

BUSINESS NEWS

Zimbabwe bonus payments to power retail boom

ZIMBABWE'S retail sector is seen picking up in the short-term as consumer spending is expected to firm up following Treasury's timely payment of bonuses for civil servants this year.Government, for th...

By Staff reporter | Published: 06 December 2018

BUSINESS NEWS

Stock up for Christmas, retailers urged

Government is working flat out to ensure the availability of goods in shops especially this festive season, VP Kembo Mohadi has said. In a speech read on his behalf during the Confederation of Zimbabw...

By Staff reporter | Published: 06 December 2018

POLITICS

Retailers project fresh wave of price hikes

RETAILERS have projected another round of price increases after Finance minister Mthuli Ncube unveiled a budget that will see an increase in import duty for fuel and other selected goods.Ncube last Th...

By Staff reporter | Published: 25 November 2018

POLITICS

Pharmacies, retailers to lose licences, says Mnangagwa

PRESIDENT Emmerson Mnangagwa has said pharmacies that demand foreign currency for medicine and medical provisions will lose their licences.The Head of State and Government said his administration woul...

By Staff reporter | Published: 25 November 2018

BUSINESS NEWS

Practice fair pricing, CZR tells retailers

THE Confederation of Zimbabwe Retailers (CZR) has encouraged retailers across the country to practice fair pricing and ensure that customers afford basic goods and services. Speaking during the Midlan...

By Staff reporter | Published: 19 November 2018

MINING & RETAIL

Zim retailers concerned with rampant smuggling

THE confederation of Zimbabwe Retailers (CZR) says it is concerned with the rampant smuggling of goods, which has become a threat to the country's industrialisation process.Denford Mutashu, the confed...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Retailers plan to set up distribution centres

THE Confederation of Zimbabwe Retailers (CZR) plans to set up distribution centres in smaller towns as a way of containing costs associated with transport.High transport costs from urban centres to ru...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Retailers launch consumer price index

THE Confederation of Zimbabwe Retailers (CZR) has launched a retail price index to assist consumers to shop wisely. In a statement yesterday, CZR said the facility would be available on the organisati...

By Staff reporter | Published: 10 May 2018

MINING & RETAIL

Retailers feel forex pinch

THE Confederation of Zimbabwe Retailers (CZR) says continued foreign currency shortage is dampening efforts to revive the local industry despite various import substitution interventions implemented b...

By Staff reporter | Published: 25 March 2018

MINING & RETAIL

Retailers bemoans failed transactions spike

THE Confederation of Zimbabwe Retailers Association (CZRA) has noted with concern frequent delays by banks to address failed electronic transactions which is prejudicing both retailers and customers r...

By Staff reporter | Published: 04 February 2018

ZIMBABWE

Capital markets regulator target retail investors

Capital markets regulator, the Securities Exchange Commission of Zimbabwe (SecZim), is targeting to attract more retail investors to participate in securities trading. SecZim chief executive Tafadzwa ...

By Staff reporter | Published: 01 February 2018

BUSINESS NEWS

Retailers pledge to continue slashing prices

Retailers yesterday pledged to continue reviewing down prices of basic commodities as long as cost drivers are reduced and applauded Government for coming up with a value chain price stabilisation mec...

By Staff reporter | Published: 30 January 2018

MINING & RETAIL

Retailers battle for consumers

RETAILERS, who are currently under fire for exploiting consumers through extortionate pricing, are now battling to fire-sell their products by offering promotions. Consumers have largely boycotted maj...

By Staff reporter | Published: 26 January 2018

BUSINESS NEWS

Retailers still using three-tier pricing system

UNSCRUPULOUS retailers are still resorting to the three-tier payment mode adversely impacting on consumers who are already struggling to contain the effects of the prevailing liquidity crunch in the c...

By Staff reporter | Published: 17 December 2017

BUSINESS NEWS

Retailers seek Mnangagwa's intervention

The Confederation of Zimbabwe Retailers (CZR) says President Emmerson Mnangagwa should address the foreign currency shortages, among a host of constraints, to grow the economy.Speaking at the CZR 2017...

By Staff reporter | Published: 04 December 2017

BUSINESS NEWS

Retailers mull cooking oil imports

THE Confederation of Zimbabwe Retailers (CZR) has urged cooking oil processors to up their game and produce more cooking oil that meets demand, lest retailers approach government for import permits to...

By Staff reporter | Published: 18 October 2017

MINING & RETAIL

Retailer denies cash-hoarding charges

A BULAWAYO retail shop, Bulk Commodities trading as Cash and Carry, has denied charges of violating the Reserve Bank of Zimbabwe's (RBZ) disclosure order by not banking its daily cash takings.The regu...

By Staff reporter | Published: 27 September 2017

BUSINESS NEWS

Consumer council slams retailers

THE Consumer Council of Zimbabwe (CCZ) yesterday slammed retailers for increasing prices of some basic commodities without justification.In an interview with The Herald, CCZ executive director Ms Rose...

By Staff reporter | Published: 27 September 2017

MINING & RETAIL

Zim retailers warn of shortages

ZIMBABWE could soon start experiencing inadequate supplies of food and other products caused by worsening foreign currency shortages, local retailers have warned.Confederation of Zimbabwe Retailers (C...

By Staff reporter | Published: 07 September 2017
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