Business & Investment
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Truworths Under Corporate Rescue: Bad Economy or Bad Decisions?
Audrey GalawuAssistant EditorTruworths was placed under corporate rescue just five months after voluntarily suspending the trading of its securities on the local stock exchange. The company has entere...
Hippo Valley bemoan discrepancy between ZWG and USD
Audrey Galawu Assistant Editor Hippo Valley Estates Limited has said currency dynamics have had a negative effect on the cost of doing business as the company is currently experiencing a mismatch betw...
EcoCash unveils scheme of reconstruction: shareholders to get shares and cash
Staff ReporterThe Zimbabwe Stock Exchange listed financial giant, EcoCash Holdings has announced that its shareholders will receive a combination of shares and cash as part of the company's Scheme of...
OK Zimbabwe to extend sources of supply to compete with imports
Audrey GalawuAssistant EditorOK Zimbabwe has lamented the increase in direct imports mainly from South Africa with additional sources of supply coming onboard such as the Shoprite Group, Tradeport Gro...
Fidelity Life Assurance company drive group’s revenue growth
Audrey GalawuAssistant EditorFidelity Life Assurance company spurred the group's revenue growth, achieving an impressive ZWL$261.37 billion in total revenue.This exceptional performance was fuelled by...
Government reduces VAT on meat products
 New Ziana– The ruling Zanu PF party on Wednesday lauded the Government for removing Value Added Tax on all meat products, saying this would benefit low-income families.In a statement, Farai Marapira,...
PPC declares special dividend of 33.5 cents after Rwanda disposal
Nyashadzashe NdoroChief ReporterPPC has announced a special dividend of 33.5 cents per share, amounting to R521 million, following the disposal of its 51% interest in CIMERWA, Rwanda.The dividend, app...
Mining licensing requirements in Zim remain burdensome: NCC
Audrey GalawuAssistant EditorThe overall regulatory environment in the mining sector in Zimbabwe is not conducive with multiple and overlapping processes from different agencies.Licensing requirements...
France's business movement to visit Zimbabwe for investment exploration
Agathe MeyerZim Now WriterFrom October 17 to 18, 2024, the French business association MEDEF will be visiting Harare on a business missionFollowing an in-depth discussion about massive investment oppo...
Manufacturing sector accounts for 41% of investment value for Q2
Audrey GalawuAssistant EditorThe Zimbabwe Investment and Development Agency has revealed that of the hundred and fifty-four new licences issued with a projected value of US$1.809 billion in the second...