Fundamentals still sound so fix the details

The fundamentals of the Zimbabwean economy are still looking very good, Finance and Economic Development Minister Mthuli Ncube reported yesterday when he delivered his mid-term fiscal statement and a supplementary…

SA’s largest grocers shield consumers

South Africa’s major JSE-listed food retailers are continuing to play a part in trying to shield already compromised consumers from spiking food costs by keeping internal food inflation levels low.…

Mthuli expected to present Mid-Term Fiscal Policy Review, Supplementary Budget

Business Writer Finance and Economic Development Minister, Professor Mthuli Ncube, is expected to present the Mid Term Fiscal Review statement and supplementary budget today afternoon at a time the country…

State to squeeze out minority Cottco shareholders

Business Writer Government is taking steps to squeeze out some Cottco Holdings minority shareholders as it seeks to raise its shareholding to 51 percent, Business Weekly can reveal. The Government owns 37…

OK Zim splashes $3,1 billion on capital expenditure

Business Writer Listed retail giant, OK Zimbabwe, said it spent $3,1 billion in 2022 on capital expenditure as it seeks to bring better customer experience. Capital expenditure for the year…

Zim population now at 15 million: Census results show

Zimbabwe’s population has grown by 16.2 percent to 15 178 979 from 13.1 million in 2012, preliminary results of the 2022 national housing and population census release on Tuesday show,…

South Africa’s maize harvest seen down 10% from last year

Reuters South African farmers are expected to harvest 9.8 percent less maize in the 2021/2022 season compared with the previous season, the government’s Crop Estimates Committee (CEC) said on Wednesday.…

VFEX market cap up 7,72 percent

Business Writer The Victoria Falls Stock Exchange (VFEX) market capitalisation for the second quarter of 2022 increased 7,72 percent to US$273,2 million from US$253,6 million in the first quarter of…

Prospect Resources’ shareholders share proceeds of Arcadia sale

Oliver Kazunga PROSPECT Resources is set to distribute close to 95 percent of the net proceeds to shareholders from the sale of the Arcadia Lithium project in Goromonzi, Mashonaland East…

“Telecoms sector need urgent strategic intervention”

Business Writer POSTAL and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has implored the government to consider prioritising foreign currency allocations to mobile network operators as operating costs continue to increase…

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