adminSA power cuts hit sales
Woolworths has blamed slower sales on load shedding and unseasonal weather. Yesterday morning Woolworths released a trading update for the 26 weeks to December 29, and warned that its headline…
Sources, uses of funds
A Deposit Protection Scheme (DPS) should have all funding mechanisms necessary to ensure prompt reimbursement of depositors’ claims available including a means of obtaining supplementary back-up funding for liquidity purposes…
fastjet yet to close restructuring deal
Fastjet Plc said yesterday it is still to finalise its due diligence on fastjet Zimbabwe and securing the required regulatory approvals for its disposal.
Oil slips
LONDON. — Crude prices extended declines yesterday, dropping below $60 for the first time in nearly three months as the death toll from China’s coronavirus rose and more businesses were…
Malaba ruling to affect insurance, pension firms
Although banks and other lenders are likely to take a hit from the landmark ruling on United States dollar debts, the decision should also affect firms that are significantly dependent on interest income, analysts have said.
Bulls dominate ZSE trades
Bulls dominated trades on the Zimbabwe Stock Exchange (ZSE) last week as local currency depreciated against the green back on the illegal parallel market.
IMF aid to Congo on hold
Talks to salvage a tentative $1,7 billion debt restructuring between Congo Republic and energy traders Glencore and Trafigura are stuck, sources said, jeopardising an International Monetary Fund bailout for the debt-hobbled nation.
Ginimbi flaunts new Ferrari
Flamboyant businessman Genius “Ginimbi” Kadungure is known for high life and his penchant for luxury cars seems insatiable.
Musorowegomo Mukosi arrested over violence
Popular newscaster and former ZBC presenter Musorowegomo Mukosi has been arrested on allegations of hiring bouncers to assault his employees at a mine in Mt Darwin.
Human remains to be exhumed in Redcliff
Redcliff Municipality has engaged officials from National Museums and Monuments of Zimbabwe and the Zimbabwe National Traditional Healers Association (Zinatha) to exhume the remains in 10 graves on land earmarked for the town’s expansion.