US dollar pay for tobacco farmers

The Reserve Bank of Zimbabwe (RBZ) says it has started working on refining last year’s shambolic tobacco payment modalities to ensure farmers receive 50 percent of their tobacco sales as hard currency.

Zim trade deficit hits record low

Zimbabwe recorded its narrowest trade deficit in nine years as shortage of foreign currency as well as import controls reduced the country’s import bill to U$4,8 billion in 2019 from US$6,9 billion in 2018.

Marange diamonds mining lacked accountability

Diamonds production figures and revenues reportedly earned from gems exploited in Marange – Manicaland, might have been grossly exaggerated as it emerged there was no accountability and transparency in the handling of the precious mineral while record keeping was shambolic, Business Weekly can reveal.

ZIMRA recovers $80 million

The Zimbabwe Revenue Authority (ZIMRA) intensified fights against corruption and other forms of crime that resulted in the recovery of $80 million during the fourth quarter to December 31, 2019, a senior official has revealed.

‘2020 will be bumpy ride for business once again’

THE business environment in Zimbabwe will continue to squeeze overburdened firms and market players this year largely due to acute shortage of foreign currency and depreciation of the Zimbabwe dollar, analysts say.

Delta, a stock to watch in 2020

Although the economy is experiencing headwinds that have reduced disposable incomes affecting the beverages sector, analysts remain positive on beverages manufacturer, Delta Corporation as one of the stocks to watch in 2020.

CFI to capitalise Crest Poultry Group

AGRI-industrial firm, CFI Holdings Limited, has revealed its intentions to fully capitalise its subsidiary — Crest Poultry Group (CPG) — after it was released from judicial management it was subjected to since 2016.

Adidas to close stores in China due to coronavirus

German sportswear company Adidas on Wednesday said it was temporarily shutting a “considerable” number of its stores in China due to the coronavirus outbreak.

Prophet Freddy courts controversy with ‘drag queen’ role

Mthabisi Tshuma, Showbiz Correspondent CAN someone please present gospel musician, Prophet Freddy, with his award for Most controversial gospel musician as he has already hogged the limelight again after appearing as…

‘Cooper out of Talen Vision’

Ricky Zililo, Senior Sports Reporter THE 2019 Zifa Southern Region Division One Soccer League runners-up FC Talen Vision have “suspended” coach Mkhuphali Masuku for failing to attend an emergency meeting called…

×
×