Gvt gets tougher on tobacco side marketing

Business Reporter TOBACCO contractors or growers involved in side marketing of the crop will be required to compensate three times the loss suffered by any affected financier. This comes as…

ex-DW CEO Chimanye withdraws case against firm’s corporate rescuer

Business Reporter Ex-David Whitehead Textile Limited (DWTL) chief executive and shareholder Edwin Chimanye has reached a dispute settlement agreement with the textile firm’s ex-corporate rescue practitioner Knowledge Hofisi, which will…

Domestic output to insulate economy, RBZ

Business Writer Increased domestic industrial output will help insulate the economy from global external shocks, particularly the ongoing Russia – Ukraine war and other trade inconveniences caused by Covid 19,…

Investors keen to participate in Govt’s US$100 million bond

Business Writer Some international investors are keen on participating in Government’s US$100 million bond that it   intend to launch and list on the Victoria Falls Stock Exchange (VFEX), according to…

Zim construction sector enjoys rapid growth

Business Writer Zimbabwe’s construction sector is one of the few areas in the economy experiencing rapid growth and is estimated to grow by at least 25 to 30 percent this…

KZN floods: Toyota warns of delays in deliveries of Hilux and other models

Carin Smith Toyota South Africa Motors (TSAM) has suffered extensive damage at its plant south of Durban during the recent floods in KwaZulu-Natal and customers can expect delays in the delivery of…

Tharisa PGM production to double

Nelson Gahadza Tharisa Capital says the development of the tier 1 Karo Platinum Group Metals (PGMs) project will see the group’s PGM production doubling within the next 24 months. The…

Standard Chartered re-assures clients

Business Weekly/NewZiana Standard Chartered on Tuesday assured its clients of safety of their deposits as it transitions out of the Zimbabwean market after more than 130 years of operations. The…

Market maintains positive trajectory

Business Writer Trading in heavy caps remained strong helping the market maintain a positive trajectory in the holiday shortened week. Total market value rose by 36 percent to close the…

Durban port clogged with debris, faces backlog of 8 000 containers – Gordhan

Khulekani Magubane Public Enterprises Minister Pravin Gordhan said while Transnet has managed to gradually increase access to its Durban port terminals after severe flooding in KwaZulu-Natal, some backlogs in the…

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