PPC: Critical audit report ‘unprecedented’

PPC’s independent auditor Deloitte has issued an unprecedented highly critical report that highlights “material weaknesses in internal controls over financial reporting” as one of several key audit matters that need…

NSSA moves towards universal social protection

Tawanda Musarurwa The National Social Security Authority (NSSA) has taken a huge step towards establishing a universal social protection system by bringing part of the extensive informal sector into the…

NPLs spike fear over Covid-19

Golden Sibanda Fears abound that the negative impact of the global pandemic on firms and households, which severely affected operations and incomes, could compromise the quality of some banks’ loan…

Zim to reduce fertiliser imports

Martin Kadzere  Zimbabwe is working on a five-year road map aimed at significantly reducing fertiliser imports over the next five years through capacitating local manufacturers, Industry and Commerce Minister Dr…

Auction system pays off for manufacturers

Business Writer The auction system introduced by the monetary authorities towards the end of June this year, is paying off for manufacturers as it has significantly improved access to foreign…

IMF forecasts Zim economy to grow 4,2pc

Golden Sibanda The International Monetary Fund (IMF) has projected Zimbabwe’s economy to rebound next year and grow 4,2 percent from a decline of 10,2 percent forecast for 2020, as the…

Prohibitive borrowing costs hit local firms

Martin Kadzere Borrowing costs in Zimbabwe are becoming “increasingly” prohibitive due to prevailing liquidity crunch with local firms struggling to obtain working capital loans at current bank interest rates of…

JUST IN: President caps graduates at Lupane State University

A TOTAL of 1085 students have graduated at the Lupane State University (LSU) where President Mnangagwa presided over the proceedings

Noose tightens for land barons

Harare Bureau FOLLOWING an extensive inquiry into the illegal sale of State land around the country, a multi-agency probe into individuals and housing cooperates that fell foul of the law…

Former Bosso coach Tsengwa dies

Mehluli Sibanda, Senior Sports Reporter FORMER Highlanders assistant coach, Reuben “Exe” Tsengwa has died. Tsengwa died at the age of 60 Thursday after a lengthy illness. His sister, Shylet Mpofu…

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