Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to inject capital into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government procedure.

No, stocks don’t rally on Friday

Can you position yourself to snag better returns simply by owning stocks on Fridays? How about month’s end? Or around holidays, when investors might be jubilant headed into a long weekend? The answer, according to a study: maybe 60 years ago, but not anymore.

Understanding assets for calculating capital gains tax

Global businesses should heed traditional, indigenous knowledge to better protect land, honour old customs and boost profits, participants at a conference in New Zealand said  yesterday.

Retailers tracking where you shop

Retailers are finding all kinds of uses for location data from customers’ phones.

Simbisa posts $11,1m HY pretax profits

Harare Bureau QUICK service restaurant operator Simbisa Brands’ pretax profit for the half-year to December 31, 2017 jumped 70 percent to $11, 1 million from $6, 6 million in the…

Planning trade show follow-up campaign

With Workers’ Day out of the way, a new month is starting and its business as usual. More than 500 plus companies exhibited at the recently ended ZITF business Expo with new leads being gathered.

Skin blemishes dent Padenga’s performance

Crocodile skin exporter Padenga Holdings Limited anticipates significant improvement in skin quality following prevention and control measures as the group targets over 83 000 premium quality skins this financial year.

Why data raises threaten business continuity

This season was inevitable following the first quarter introduction and subsequent operation of the interbank foreign exchange market. Rather than ease the foreign currency issues, the past two months just saw the parallel market rate further lead against the official bank exchange rate of the dollar against the local RTGS.

Debt reduction strategy pays off for Brainworks

Brainworks a Mauritian-based JSE-listed holding company with a Zimbabwean hotel and real estate investment portfolio — released annual results for the year ended December 31, 2018, reporting revenue up by 35 percent to US$79,3 million from US$58,6 million in the prior year.

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