Pick n Pay saw sales surge in first quarter
Business Writer South African based retailer Pick n Pay Stores Limited, the parent company to TM Pick n Pay Zimbabwe recorded a 10,7 percent increase in sales for the 18…
Mutanda seeks to execute CAPS demerger
Business Writer Businessman Fred Mutanda is seeking to demerge CAPS Holdings into three entities in line with the resolutions passed by shareholders during the extraordinary general meeting on 30 June…
Global economic growth slows Amid gloomy outlook
IMF News The global economy, still reeling from the pandemic and Russia’s invasion of Ukraine, is facing an increasingly gloomy and uncertain outlook. Many of the downside risks flagged in…
Truworths’ sales jump as lockdowns ease
Moneyweb Truworths International reported on Tuesday a 9 percent rise in annual sales as lockdown restrictions eased at home and in the United Kingdom. Shares in Truworths, which also owns…
World’s fastest-growing economy seeks to diversify away from oil
Bloomberg Guyana, the world’s fastest-growing economy, plans to use its newfound oil and gas wealth to fund investments in other sectors that will reduce its dependence on hydrocarbons, its president…
Pick n Pay sees big jump in booze and clothing sales
Fin24 On Tuesday morning, Pick n Pay’s share price jumped 3% after the group posted sales growth of almost 11% for the 18 weeks to 3 July. Its performance was…
Traders manipulated gold price openly, court hears
Bloomberg At Bear Stearns, before the bank was acquired by JPMorgan Chase & Co. in 2008, manipulating the gold futures market with bogus spoof orders was “common practice,” especially for…
President talks tough on illegal mining, settlements
Zvamaida Murwira in CHIMANIMANI THE Government will not tolerate timber poaching, illegal mining, settlements in plantations, and deforestation as that will impede the rural industrialisation agenda being driven by the…
‘Zim independence, freedom not for sale’
Cletus Mushanawani in CHIMANIMANI ZIMBABWE’S independence, freedom, democracy, sovereignty, patriotism, dignity and heritage are not for sale, President Mnangagwa has said. Addressing thousands of ruling Zanu PF party supporters at…
@Jamwanda2 on Saturday: Kasukuwere: To be or not to be!
Widening Russian War Aims What a week we have had! War works largely on laws of the unforeseen and the unintended. The Russian Foreign Minister, Sergei Lavrov, has ominously hinted…










