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- businessweekly
- November 15, 2019
- 77 views
OK sales volumes down 23pc
The country’s biggest retail group OK Zimbabwe’s sales volumes for the half year to September 30, 2019 went down 23 percent compared to same period last year on the back of the obtaining challenging economic environment.
$500 million for youth empowerment
Mashudu Netsianda, Senior Business Reporter GOVERNMENT has set aside $500 million for youth empowerment and announced a tax incentive for companies that employ young professionals as it steps up efforts to…
UPDATED: Ecobank, CBZ fingered in new notes, coins withdrawal scam
Prosper Ndlovu, Business Editor THE Reserve Bank of Zimbabwe (RBZ) has said appropriate disciplinary measures will be taken against Ecobank Zimbabwe and CBZ Bank after two clients withdrew $15 000 and…
- businessweekly
- November 15, 2019
- 77 views
Understanding business in sport
South Africa has won the World Rugby Cup again, with a black captain in the lead. Our very own Tendai, “Beast” Mtawarira was part of this team, though his gratefulness to his adopted country led to a TWAR. (Twitter War). Beast gushingly, thanked South Africa “for adopting” him as a “son”. Unfortunately this did not go down well with his Zimbabwean countrymen.
- businessweekly
- November 15, 2019
- 75 views
Mthuli may pull the rabbit out of the hat
The Minister of Finance and Economic Development, Professor Mthuli Ncube, may pull the rabbit out of the hat after all. In the budget statement presented at parliament on 14 November 2019, many of the long stand out issues are being addressed. Critiques may go as far as saying this statement, should instead have been his maiden one instead of the TSP followed by the austerity measures.
- businessweekly
- November 15, 2019
- 62 views
Zim economy to grow by 3pc
Zimbabwe’s economy is projected to grow by three percent in 2020, recovering from a -6,5 percent contraction this year on the back of a cocktail of new tax and other incentives expected to spur productivity, Finance and Economic Development Minister, Mthuli Ncube said yesterday.
- businessweekly
- November 15, 2019
- 82 views
Zimre profit for nine months surges
Insurance firm, Zimre Holdings Limited (ZHL), says profit for the nine months to September 30, 2019 surged 2 992 percent above budget on gains from property and foreign currency revaluations following the change of functional currency.
Letters to the Editor: RBZ must probe leakage of money into the black market
Editor — The Anti-Corruption Trust of Southern Africa (ACT-SA) is deeply concerned that there will be no end to illegal money changing and the black market in the financial sector…
- businessweekly
- November 15, 2019
- 82 views
Importance of competition for growth in sub-Saharan Africa
Business Weekly interviewed Patrick Imam, IMF Resident Representative based in Harare, on the importance of competition for growth in sub-Saharan Africa. Question: The IMF just came out with a study…
- businessweekly
- November 15, 2019
- 86 views
Mike Henry named BHP chief executive
BHP has named industry veteran Mike Henry as its new chief executive, replacing Andrew Mackenzie who is retiring at the end of the year.