Looking for one sure way to make money from the Government? Get a tender, get paid, and just don’t bother supplying the goods. The Office of the Auditor-General (OAG) has just tabled the 2023...
Edgars says its plan to increase sales of locally made clothes in its stores is working, reporting volume strong quarterly growth from the Carousel manufacturing unit. The company invested US$1 million into Carousel, hoping...
The Mutapa Investment Fund has received a 2023 dividend of ZiG31 million (US$2.2m) from the National Oil Infrastructure Company of Zimbabwe (NOIC), one of over 20 state companies that the sovereign wealth fund now runs.
Businessman Zed Koudounaris has spent nearly US$260,000 buying shares in Innscor over recent weeks, shoring up his position in the company that he founded. Koudounaris has bought additional shares since May, when he added...
As Finance Minister Mthuli Ncube prepares his mid-term budget statement, miners are sounding alarm on the impact of government policy on an industry already bleeding from low metal prices. In an appeal to Ncube,...
One of the focus areas of newly appointed Minister of Home Affairs Leon Schreiber is to improve the processes for work visas, which he says are critical for economic growth. Business has repeatedly complained...
The Zimbabwe Revenue Authority (Zimra) has just released its 2023 report, which shows how the decimation of the formal sector is hurting the government in the pocket. Here are some of the key takeaways...
South Africa’s President Cyril Ramaphosa has appointed Ronald Lamola as Minister of International Relations, in a new unity government he announced Sunday. The Cabinet comes a month after the ANC lost it majority in...
FBC Holdings is renaming the Standard Chartered business to Crown Bank, hoping to position the US$26.7 million acquisition as a premium banking offering in a competitive market. Herbert Nkala, FBC chairman, told shareholders that...
OK Zimbabwe hopes a 15% recovery in sales volumes is a sign that business has turned a corner, after a 29.2% drop in the year to March. Zimbabwe’s retailers have suffered from low sales...
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