aurora
- businessweekly
- March 27, 2020
- 80 views
Zisco deal twists… as ZimCoke forges ahead with transaction
Plans by ZimCoke to take over the assets of Zimbabwe Iron and Steel Company (Zisco) has taken a new twist after the investment vehicle fronted by former legislator, Eddie Cross, claimed the debt assumption agreement with the German bank, KfW GBMH, has been finalised and will be signed soon.
- businessweekly
- March 27, 2020
- 126 views
Suspended bosses milk Zesa Holdings
More than 45 directors and senior managers who were suspended by State power utility ZESA Holdings over alleged graft, have been milking the technically insolvent electricity company since October 2018 by drawing hefty salaries and other perquisites without working, sources say.
- businessweekly
- March 27, 2020
- 82 views
Forex traders shun Mthuli’s platform
The interbank market that was liberalised a fortnight ago to a managed float, is struggling for traction amid reports that no trades have gone through the system since the announcement of new trading measures by Government.
- businessweekly
- March 27, 2020
- 125 views
Banks close branches to fight coronavirus
Stanbic Bank, First Capital Bank and Steward Bank have closed some of their branches as part of a raft of measures to help contain the spread of coronavirus in the country.
- businessweekly
- March 27, 2020
- 26 views
Covid-19 downturn hits travel industry
The market’s latest storm has plunged the global travel industry into uncharted territory with BEACH stocks-booking, entertainment, airlines, cruises, and hotels-having US$332 billion in value washed away
- businessweekly
- March 27, 2020
- 54 views
March inflation projected to go up
Prices of basic goods, groceries in particular, reached unprecedented levels this month as manufacturers and retailers adjusted prices in line with recent depreciation of the Zimbabwe dollar, but March numbers are expected to come out even higher.
- businessweekly
- March 27, 2020
- 78 views
Old Mutual final dividend unchanged
Multi-listed diversified financial services group, Old Mutual Limited, declared a final dividend of 75 cents (rand) per share this week but stockholders on the Zimbabwe register and other secondary markets will be paid their local currency equivalent.
- businessweekly
- March 27, 2020
- 76 views
Poor liquidity takes knock on Natfoods
Agri-industrial concern, National Foods Holdings Limited, says poor liquidity has had a knock-on effect on its contract farming projects, although the industrial giant is continuing its support to increase food production in the country.
- businessweekly
- March 27, 2020
- 79 views
Covid-19: Double whammy for local manufacturers
Zimbabwe’s listed manufacturers that are struggling with low local demand for their products, now face perhaps an even bigger problem – a halt in production for a yet undetermined period of time due to the impact of the coronavirus (Covid-19).
Chronicle Editor
- Chronicle
- March 27, 2020
- 66 views
CORONAVIRUS: Council calls for draconian measures
Nqobile Tshili, Chronicle Reporter THE Bulawayo City Council (BCC) has come up with a raft of measures that include suspending weekend flea markets (Khothama), limiting the number of people during…