Chiefs slapped with R50k fine

SOUTH African Premier Soccer League prosecutor Zola Majavu has cracked the whip on Kaizer Chiefs, ordering them to pay R50,000 immediately and play their next game, against Cape Town Spurs…

FC Porto launches academy in Zim

Tadious Manyepo Sports Reporter ZIMBABWEAN youngsters have been presented with an opportunity to join Portuguese giants FC Porto with the 2004 UEFA Champions League champions opening a local academy in…

FCB loan-to-deposit ratio fluctuates between 60-65pct

Business Writer First Capital Bank (FCB) Zimbabwe says its loan-to-deposit ratio (LDR) hovers between 60 percent and 65 percent amid persistent loan growth and deposit outflows. Banks use LDR to…

Cement prices skyrocket amid shortages

Business Reporter Prices of cement in Zimbabwe have gone up by as much as 100 percent over the past two months due to a combination of factors, including reduced imports,…

Axia FY23 revenue marginally declines

Enact Mapakame Specialty retail and distribution firm, Axia Corporation’s revenue for the full year to June 30, 2023 declined marginally to US$203,8 million compared to US$204 million recorded in the previous…

Allan Gray prefers South Africa’s beaten-down stocks over bonds

Bloomberg South African equities are a better bet for investors than its bonds despite yields that are among the highest in emerging markets, according to one of the country’s largest…

Gold holds near $2 000 after Israel starts ground offensive

Bloomberg Gold traded near $2 000 an ounce — after breaching the threshold for the first time since May on Friday — as Israel’s ground invasion of Gaza appeared to…

Bitcoin’s big moves are being magnified by a protracted lack of liquidity

Bloomberg A protracted dearth of liquidity in cryptocurrency markets is playing a key role in the more than 10% swings in the price of Bitcoin seen in recent weeks. Market…

Blueberry production to double in 2023

Business Writer Zimbabwe’s blueberry production is expected to double to 7 000 tonnes in 2023, up from 3 500 tonnes in 2022–the strongest growth in the local horticulture sector, the…

RTG half-year occupancy rate decline

Business Reporter Rainbow Tourism Group (RTG) says the occupancy rate for the half-year period to June 30, 2023, closed at 46 percent, marking a modest 4 percent decrease compared to…

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