Forex retentions to keep pressure on currency in 2024

Tapiwanashe Mangwiro Analysts and researchers say pressure on the local currency will continue in 2024 as government and the Reserve Bank of Zimbabwe need to increase the currency in circulation…

Empowering women entrepreneurs, leaders: ZNCC to join the world in celebrating International Women’s Day

Note from ZNCC On March 8 every year, the world celebrates International Women’s Day, a day dedicated to recognising the achievements and contributions of women globally. In Zimbabwe, the Zimbabwe…

Invictus ordered to explain suspected ‘stock ramp-up’

Golden Sibanda THE Australian Stock Exchange (ASX) has demanded an explanation from Invictus Energy, which recently discovered large gas deposits in Zimbabwe, amid suspicion the company breached listing rules when…

Ford’s 1 050kW electric SuperVan smashes three lap records at Mount Panorama

Ford’s 1 050kW electric SuperVan 4,2 has set a trio of lap records at the 6,2-kilometre Mount Panorama racetrack in Australia. During the Thrifty Bathurst 500 event over the weekend,…

Trade gap narrows as both exports, imports decline

Business Writer Zimbabwe’s trade deficit narrowed significantly in January 2024, despite a slight decrease in the value of exported goods. This improvement is primarily attributed to a sharper decline in…

Fed rate cuts are likely to be slow, but not necessarily steady

There’s a saying about how the Federal Reserve manages interest rates: They go up the escalator and down the elevator. This time, it will likely be the reverse — frustrating…

Five steps to a digital marketing strategy

Phillip Jonhera A digital marketing strategy is part of a larger business plan that outlines how to reach its overarching business goals using digital channels. Part of any successful business…

Zimplats institutes stringent measures to survive weakening PGM prices

Nelson Gahadza Zimbabwe’s platinum producer, Zimplats, says it instituted a number of survival strategies with stringent measures to contain costs and preserve cash, largely as a result of soft metal…

Sorry Apple fans, but the iCar project has been canned

Apple has abandoned its ambitions to produce an electric car, US media reported this week, ending a struggling decade-long project. The iPhone maker had dedicated nearly 2 000 employees to…

Workers feel pinch as local currency plummets

Martin Kadzere The ongoing depreciation of the Zimbabwe dollar against the US dollar is squeezing the already strained wallets of many formally employed workers in the country. Despite being employed,…

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