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- businessweekly
- April 17, 2019
- 77 views
The day Mthuli Ncube was misquoted
Mthuli Ncube did not say new currency in 12 months.
- businessweekly
- April 17, 2019
- 36 views
‘Expedite RTGS$30m for looted firms’
The Confederation of Zimbabwe Retailers (CZI) wants Government to expedite modalities of disbursing the RTGS$30 million facility designed to bail out distressed firms, including those that were looted dry by opposition hooligans during the January disturbances.
- businessweekly
- April 17, 2019
- 77 views
World Bank happy with reforms progress
The World Bank says Zimbabwe is making good progress towards reforms as the country strives to achieve a double digit figure in the ease of doing business rankings.
- businessweekly
- April 17, 2019
- 84 views
Industry gets 80pc fuel needs
Industrialists say fuel availability has improved “significantly” in the last few months since Government took the bold decision to adjust the price upwards, with indications that the manufacturing sector is getting up to 80 percent of fuel for their operations without hassles.
- businessweekly
- April 17, 2019
- 97 views
Nedbank ordered to pay client $3m
Financial services provider, NEDBANK Zimbabwe, has been ordered to payback close to $3 million it had unlawfully taken from its client, Mega Market (Private) Ltd, after making some foreign currency payment to the client’s suppliers.
- businessweekly
- April 17, 2019
- 55 views
First Capital Bank’s profit up 23pc. . . despite turbulent 2nd half
First Capital Bank recorded steady growth across the board registering a 23 percent growth in profit after tax for the year ended December 31, 2018 despite a turbulent second half characterised by among other things soaring inflation, pressure on foreign currency, price distortions, widening current account deficit and regulatory changes.
- businessweekly
- April 17, 2019
- 86 views
DW ‘fugitive’ shareholder loses stake
David Whitehead majority shareholder Elgate Holdings has lost its 51 percent stake in the struggling textile company after it failed to pay for the stake more than a decade after signing a share subscription agreement with the former ZSE listed firm under unclear circumstances.
- businessweekly
- April 17, 2019
- 72 views
FBC Re Mauritius set to commence operations
Financial services group FBC Holdings Limited has finalised and satisfied all regulatory requirements for the setting up of regional subsidiary, FBC Re Mauritius with operations expected to start soon.
- businessweekly
- April 17, 2019
- 82 views
‘Turnall group now technically solvent’
Turnall Holdings Limited has said the group is now technically solvent after a debt restructuring exercise.
- businessweekly
- April 17, 2019
- 76 views
TelOne could lose West Indian stake
Fixed telecommunications services provider TelOne is at risk of losing its shareholding in bandwidth wholesaler West Indian Ocean Cable Company (WIOCC), managing director Chipo Mtasa has said.