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...

LANDS & AGRICULTURE

Zanu-PF orders Tongaat Hullet to surrender plantations

The Zanu-PF Masvingo provincial leadership has ordered sugar cane growing giant Tongaat Hullet to immediately surrender over 6 000 hectares of cane plantations at Triangle that will be allocated to la...

TELECOMS & TECHNOLOGY

Telecel directed to surrender 20% of its stake

EMPOWERMENT Corporation will soon increase its shareholding in Telecel Zimbabwe to 60 percent after Government directed controlling shareholder Telecel International to surrender 20 percent of its sta...

FINANCIAL SERVICES

FBC to surrender building society licence

Listed financial services group FBC Holdings, faced with the possibility of failing to meet new minimum capital requirements by 30 June, plans to surrender its FBC Building Society licence to regulat...

FINANCIAL SERVICES

Kingdom voluntarily surrenders stockbroking licence

KINGDOM Stockbrokers is said to have voluntarily surrendered its licence citing viability concerns emanating from low volumes of business.Kingdom Stockbrokers did not attend ZSE trading today and on...