Willdale brick sales up despite VAT hike, company seeks stable production
Business Writer Brick maker Willdale says the introduction of 15 percent value added tax (VAT) on clay brick sales from January 2024 brought with it some shocks into the market…
US trade deficit widens to largest since 2022
Bloomberg The US trade deficit widened in May to the largest since 2022 as a decline in exports of merchandise exceeded a drop in imports. The gap in goods and…
Bezos to sell US$5bn of Amazon as shares hit record high
Bloomberg Jeff Bezos disclosed a plan to unload 25 million additional shares of Amazon.com worth US$5 billion on the day the stock hit a fresh record. The notice was filed…
Edgars to relaunch Club Magazine month end
Business Reporter Clothing retail chain Edgars Stores expects to relaunch its Club magazine at the at the end of this month, which it believes will help the brand reconnect with…
SeedCo International’s revenue up 14pc in 2024
Business Writer SeedCo International Limited demonstrated a commendable performance in the financial year ending March 31, 2024, as evidenced by various financial indicators and operational highlights. The company experienced a…
HPA clamps down on illegal beauty parlours
The Health Professions Authority of Zimbabwe (HPA) on Tuesday expressed concerns over services offered by some beauty and wellness operators over which they do not have the requisite competencies. In…
Willdale reports subdued performance
Business Writer Listed brick making firm, Willdale Limited, reported subdued performance for the first half of the year to March 31, 2024 with the firm heaping blame on economic uncertainty,…
ZIDA secures close to US$10 billion investment in 2023
The Zimbabwe Investment Development Agency (ZIDA) secured nearly US$10 billion in projected investment value last year to surpass its target of attracting projected Foreign Direct Investment (FDI) of US$1.5 billion…
Zimbabwe set to record population boom
Business Writer Zimbabwe is set to record a significant population surge in the coming decades, according to new projections from the country’s census data by the Zimbabwe National Statistical Agency…
Zimra lauded for being resolute and revenue collection focused
Business Writer Finance, Economic Development and Investment Promotion Deputy Minister, David Mnangagwa, has commended the Zimbabwe Revenue Authority (ZIMRA) for committing to the basic principles of transparency and commitment to…











