Cambria Africa announced the appointment of Christian Herbert Beddies as the incoming chief executive officer of its wholly-owned and largest subsidiary, Payserv Zimbabwe, on Friday.
The AIM-traded firm said Payserv Zimbabwe owns and operates several financial...
With one eye fixed on the exchange rate, panicky Zimbabwe’s business owners have been raising their prices to keep pace. Finance Minister Mthuli Ncube says these businesses are doing it wrong; focus on inflation forecasts, he says,...
Finance Minister Mthuli Ncube expects to raise US$350
million from selling majority shares in state-owned telecoms assets, a plan
that includes selling fixed line and internet provider TelOne and mobile
operator NetOne as a single entity.
PPC says Zimbabwe’s new currency measures are “positive” and may eventually help the company repatriate its funds from the country.
The cement maker needs to repatriate US$16 million in
dividends and US$5 million from rights...
You can always trust Cyril Ramaphosa
to send coded messages to his comrades in Zimbabwe.
In 2016, at the Zanu-PF annual
conference in Masvingo, in a “solidarity speech” on behalf of the ANC, he said
liberation movements...
Zimbabwe’s trade tariffs and millions owed to South African
companies weighed on talks between the two countries at their binational
commission which ended Tuesday.
Zimbabwe lifted import restrictions under Statutory Instrument 122 in October last...
The Confederation of Zimbabwe Industries (CZI), the country’s largest and most influential business grouping, says the recently introduced interbank forex market has not performed up to expectations.
CZI, in their response to the...
South Africa and Zimbabwe are considering expanding an existing R100 million facility and could extend private loans to Zimbabwean companies, some of the few options available to help Zimbabwe in the absence of the large cash injection...
Zimbabwe’s new currency reforms are a “step in the right direction” towards solving market distortions, but they have to be backed up by prudence on the fiscal side and market-driven interest rates, the International Monetary Fund (IMF)...
Sardonic Zimbabweans have a joke for every crisis.
One of the many crisis-fueled wisecracks goes: What’s the best time to fill up your fuel tank?
Answer: “When...
