Sadc Summit huge boost for tourism, hospitality sector

Sikhulekelani Moyo, [email protected] THE tourism and hospitality industry is expected to enjoy brisk business when Zimbabwe hosts the forthcoming Southern African Development Community (Sadc) Industrialisation Week at the end of…

Decline in savings rate decimates economy: RBZ

Tapiwanashe Mangwiro Zimbabwe has experienced significant decline in its savings rate that plummeted from 26 percent of the country’s Gross Domestic Product (GDP) in 2019 to 17 percent in 2023,…

Power cuts haunt Zimbabwe industry again

Nelson Gahadza Zimbabwe’s industry and business are increasingly worried over rising power constraints that have resulted in increased electricity load shedding, which is threatening production and viability. In recent weeks,…

Mastering the art of financial finesse

Retired Major Silibaziso Zhou Introduction In today’s intensely competitive and fluctuating market conditions, strategic financial planning using a well-prepared budget is not merely advantageous — it is crucial for both…

Business mogul takes Zim gold mines to Nasdaq

Martin Kadzere Hennessy Capital Investment Corporation (HCVI), a special purpose acquisition firm listed on the Nasdaq (Stock Exchange in USA), has struck a definitive business combination deal with Mzee Khumalo’s…

CZI to use Sadc Industrialisation Week to promote SMEs

Michael Tome CONFEDERATION of Zimbabwe Industries (CZI) says it will use the upcoming SADC Industrialisation Week (SIW) to push for the promotion of entrepreneurship and internationalisation of Small and Medium…

Small traders find new tricks to dribble Zimra

Golden Sibanda SMALL retail traders have devised cunning ways of evading paying taxes after authorities had reportedly succeeded in getting several such operators in the sector to acquire fiscalised devices…

Are you a toxic boss?

Tariro Manamike It is late Wednesday afternoon and you are already looking forward to leaving the office. You have completed your tasks and cannot wait to pass through the gym…

KitKat maker sees chocolate demand ebbing as cocoa costs creep in

Consumers will probably cut back on chocolate as this year’s historic cocoa rally gradually trickles down to manufacturers and forces them to raise prices, a Nestle SA executive warned. Cocoa…

Power cuts, inflation squeeze OK Zim profits despite revenue rise

Nelson Gahadza Retail company Ok Zimbabwe says operating costs for the year to March 31, 2024 at $3,44 trillion were 107 percent higher than $1,67 trillion in the prior year…

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