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- businessweekly
- May 25, 2018
- 370 views
Zimplow Q1 performance ahead of last year
Enacy Mapakame Business Writer Agriculture and mining implements manufacturer, Zimplow’s revenue for the four months to April 2018 increased by 25 percent over the same period last year, driven by…
- businessweekly
- May 25, 2018
- 440 views
OK reports record revenues
Kudzanai Sharara A combination of factors saw one of Zimbabwe’s retail giants, OK Zimbabwe, report its best financial performance since dollarisation with both revenue and profit reaching record levels.
- businessweekly
- May 25, 2018
- 427 views
‘Illicit cigarettes threaten local industry’
Kudzanai Sharara The rising volume of illicit cigarettes in Zimbabwe poses a potentially significant threat to the local industry and Government coffers if it is not curbed, British American Tobacco…
- businessweekly
- May 25, 2018
- 635 views
CBZ’s diversification strategy pays off
Tawanda Musarurwa Zimbabwe’s largest financial institution, CBZ Holdings’ seems to be hitting all the right notes with its diversified financial services as first quarter numbers reflect have risen significantly.
- businessweekly
- May 25, 2018
- 546 views
RioZim to sell majority stake in Sengwa plant . . . Five prospective investors lined up . . . Three investors interviewed
Golden Sibanda Riozim Limited intends to sell majority shareholding to an investor who wins its tender to construct an ambitious long-standing $1,2 billion thermal power station in Sengwa, Gokwe North,…
- businessweekly
- May 25, 2018
- 458 views
Three shortlisted for $294m Kariba spillway rehabilitation
Business Writer The Zambezi River Authority (ZRA) has shortlisted three prequalified companies for a $294-million rehabilitation of Kariba Dam spillway to secure safe and controlled release of water from the…
- businessweekly
- May 25, 2018
- 482 views
No power shortage fears . . . as investors circle Zimbabwe
Africa Moyo As the country becomes a magnet for billionaire global investors riding on President Emmerson Mnangagwa’s ‘Zimbabwe is open for business mantra’, fresh concerns have emerged over the availability…
- businessweekly
- May 25, 2018
- 749 views
Mines warn over costly platinum tax . . . Tax targeted at exporters of raw platinum . . . Miners cite effect on viability, competitiveness
Golden Sibanda Mining firms in Zimbabwe have expressed reservations over Government’s new platinum beneficiation tax structure, warning the charges were extremely high, undermined competitiveness and viability of this strategic sector.
- businessweekly
- May 25, 2018
- 1027 views
Seven years of lithium sold up-front . . . Chinese to buy 70 percent of output for 7 years . . . Major Zimbabwe lithium carbonate plant planned
Golden Sibanda Australian battery minerals firm Prospect Resources, now investing in Zimbabwean lithium mining, has sold 70 percent of its initial production before the mineral has even been extracted from…
- businessweekly
- May 25, 2018
- 729 views
High tax on car imports . . . Grey imports gobble $4,5 billion . . . Government to increase surtax by year end . . . Move meant to grow market for new vehicles
Martin Kadzere The cost of importing used vehicles is likely to increase as government is considering raising import levies on all pre-owned cars, Industry, Commerce and Enterprise Development Minister Mike…