Business News

3 days ago | February 21, 2020

5 000 face the chop at Tongaat

CHIREDZI-based sugar giant, Tongaat Hulett Zimbabwe, has embarked on a programme to trim down its head count with as ...

Fuel dealers to sell in forex

The Reserve Bank of Zimbabwe (RBZ) has instructed Zimbabwe Energy Regulatory Authority (ZERA) to register all fuel ...

Accounting issues remain for pension funds

Zimbabwe’s pension funds’ 2019 numbers are largely expected to reflect significant losses as they grapple to reconcile ...

January inflation slows, here’s why

Business Writer Unchanged charges for housing and electricity are the main reason why month-on-month inflation figures ...

StanChart Zim leases properties

The oldest financial services group in Zimbabwe, Standard Chartered Bank, is leasing out some of its properties across ...

Chibwe exits Hippo Valley board

Hippo Valley Estates Limited majority shareholder Tongaat Hulett, has announced that its former finance director John ...

Ariston fights to meet FY2020 financial targets

Listed agri-business concern, Ariston Holdings’ revenue for the first quarter to December 31, 2019, was largely flat but ...

Zim punching below weight

Most challenges besetting the economy are a result of negative output gap (low production), forcing the country to rely ...

Blue Ribbon workers win shares case

Tanzania’s Bakhressa Group has been ordered to implement the empowerment plan approved by Government five years ago, ...

Nampak posts massive loss

NAMPAK Zimbabwe Limited posted  a loss of $823,4 million, a 1 874 percent dip for the year ending September 30, 2019, ...

Firms reject national minimum wage proposals

Companies are against proposals to come up with a national minimum wage by indexing a proportion of the August, 2018 ...

Put Zim-dollar on gold standard

From the undoubted and inspired passages of the Holy Bible we get glimpses of the land of Ophir. The land got the name ...

Detention of goods

This article focuses in giving an understanding on goods that are detained by the Zimbabwe Revenue Authority (ZIMRA) ...

Can Africans industrialise in this era?

This heading is one of the last questions I asked in my article, “Can the African become a true capitalist?” These two ...

Corporate social responsibility is ‘so yesterday’

You have heard the cynical view that the role of a corporation is to create value for the shareholder, and its social ...

Did you know? Fidelity Life Assurance’s footprints

The history of Zimbabwe Stock Exchange-listed holding company in the business of life assurance, financial and other ...

4 days ago | February 19, 2020

South Africa’s energy crisis has triggered lots of ideas: why ...

Since late last year South Africans have, once again, been subjected to power cuts by the power utility, Eskom. The need ...

Compensation for bank failure hiked

Government has increased  the amount a depositor gets in compensation from a failed bank to $10 000 from $1 000, the ...

5 days ago | February 18, 2020

South Africa’s rand ticks lower as Moody’s stokes ...

JOHANNESBURG - South Africa’s rand extended losses on Tuesday to touch a fresh one-week low after rating agency Moody’s ...

RBZ keeps interest rate at 35pc

The Reserve Bank of Zimbabwe (RBZ) on Monday left the overnight accommodation rate unchanged at 35 percent, and forecast ...