Edgars Projects 35 Percent Turnover Growth
Leading clothing retail outlet, Edgars Stores Limited has set an annual revenue turnover target of 35 percent having recorded a profit of RTGS$8 million after tax for the 52 weeks ending January 6,...
View ArticleNMB Founder Contests High Court Ruling
NMB Bank founder Julius Makoni’s loan dispute with his former bank is far from over as the banker-turned clergyman approached the Supreme Court challenging the High Court ruling compelling him to pay...
View ArticleFuel consumption declines
Africa Moyo Senior Business Reporter The consumption of diesel and petrol plunged by almost 1,5 million litres and 1,8 million litres per day respectively between January and February this year,...
View ArticleNdlovu speaks on currency rate
Ishemunyoro Chingwere Business Reporter The formal RTGS$ rate to the US dollar will converge with the parallel market rate in the short term and halt the inflationary pressure being exerted on the...
View ArticleHedge funds slow oil
Hedge funds are becoming increasingly bullish on oil prices amid signs of slowing production growth as a result of output cuts by Saudi Arabia and a reduction in US shale drilling. Hedge funds and...
View ArticleVictoria Foods, Crest Poultry to Be Relieved From Judicial Management
FOOD processing entity, Victoria Foods and its sister company, Crest Poultry Group will soon be relieved of judicial management, the firms’ parent company has confirmed. Addressing stakeholders on the...
View ArticleEasyJet warns of ‘weak’ summer sales
EasyJet has warned that customer demand for ticket sales for the next six months — which includes the peak summer season — is unexpectedly weak. The airline blamed uncertainty over the global economy...
View ArticleGold demand to rise
Global demand for gold in 2019 will rise to the highest in four years as higher consumption by jewellers offsets a fall in purchases by central banks, an industry report said yesterday. The world will...
View ArticleFertilizer industry to cast forex nets in interbank market
ZIMBABWE’S fertilizer producers plan to partner with players in the industry’s value chain, including farmers and finance houses, to pool funds and source foreign currency from the interbank market....
View ArticleZim’s tourism sector under threat from high pricing
EXCESSIVE pricing has made Zimbabwe’s tourism industry uncompetitive and continues to threaten viability and growth of the sector, industry officials have said. The recent spate of price hikes follows...
View ArticleRoyal Geographical Society hosts Zida at London investment conference
The Royal Geographical Society will next week host the second edition of the ZIMDABA investment conference in central London, where investment opportunities in Zimbabwe’s agriculture sector will be...
View ArticleOld Mutual revenue up 41%
OLD Mutual Zimbabwe Limited recorded a 41% increase in revenue to US$1,4 billion in the full year to December 2018 from US$991 million in 2017 due to growth in investment gains and banking interest...
View ArticleFarmers urged to venture into berries
Zimbabwean farmers should venture into farming berries and take advantage of the existing market opportunities for the product, an industry official has said. A senior expert consultant, Kees Van’t...
View ArticleNdlovu Speaks On Currency Rate
The formal RTGS$ rate to the US dollar will converge with the parallel market rate in the short term and halt the inflationary pressure being exerted on the economy, according to Industry and Commerce...
View ArticleGovt to deepen financial inclusion
Africa Moyo Senior Business Reporter GOVERNMENT will continue to work towards promoting financial inclusion to ensure every citizen has access to banking. This was said by Finance and Economic...
View ArticleXenophobia worries industry
Golden Sibanda Senior Business Reporter The Confederation of Zimbabwe Industries (CZI) has expressed concern over the recent outbreak of xenophobic attacks in Durban, South Africa, saying local...
View ArticleOld Mutual happy with mall space uptake
Michael Tome and Enacy Mapakame DIVERSIFIED financial services group, Old Mutual Zimbabwe, says it is satisfied with the rate of space uptake at the newly constructed Eastgate mall for small to medium...
View ArticleTobacco – Mthuli’s Go-Between Pays Off
The intervention by Finance and Economic Development Minister Professor Mthuli Ncube has paid off, with activity at the tobacco auction floors picking up yesterday as more farmers have started...
View ArticleGovt enhances accountability
Tawanda Musarurwa Government is moving to enhance accountability within its systems by moving from cash accounting to accrual accounting based on the International Public Sector Accounting Standards...
View ArticleRand softer
South Africa’s rand fell yesterday, tracking Asian currencies lower as an uptick in United States manufacturing data lifted demand for the dollar. At 0640 GMT the rand was 0,35 percent weaker at...
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