African Sun in US$25m refurbishment drive

HARARE – Hospitality concern, African Sun  Limited said on Wednesday it has embarked on a US$25 million  refurbishment and expansion drive at some of its hotels as it seeks to …

Hippo Valley to finally release financials

Tawanda Musarurwa HARARE – Sugar processor Hippo Valley Estates Limited has set December 20, 2019 as the date that it will publish its audited financial statements for the year ended…

PPC volumes slide

Enacy Mapakame HARARE – Regional cement producer PPC Limited says volumes at its Zimbabwe unit went down by 30 percent to 35 percent for the six months to September 30,…

IPEC revenues up 12pc

Tawanda Musarurwa HARARE – Insurance and pensions sector regulator, the Insurance and Pensions Commission (IPEC) recorded a 12 percent bump in revenues to US$8,86 million for the year ended December…

McDonald’s upheaval is a stern reminder to CEOs about ethics

Hugh Arnold    The board of directors of McDonald’s recently announced it was terminating the employment of chief executive officer Steve Easterbrook because he “demonstrated poor judgment” involving a consensual relationship…

Beijing tariff demands may expand U.S.-China ‘phase one’ trade deal significantly

WASHINGTON – A “phase one” trade deal between the United States and China was supposed to be a limited agreement that would allow leaders from both countries to claim an…

Unions up ante at South African Airways as finances approach crunch

JOHANNESBURG – Unions are escalating a crippling strike at South African Airways (SAA) after talks broke down, leaving the state-run carrier at risk of liquidation without a government guarantee to…

RBZ hits half target on latest TB issue

HARARE – The Reserve Bank of Zimbabwe (RBZ) said on Wednesday it managed to raise half of the $200 million it  targeted to mobilise to support government programmes through its…

CAFCA in marginal profit gains

Michael Tome HARARE – Listed cable manufacturer Cafca profit for the year marginally grew by 0,25 percent to close the year at $18, 8 million from $18 ,7 million in the…

To tackle unemployment, start by empowering jobseekers

Michael Sanders, Alex Gyani & Elspeth Kirkman  If you’ve ever lost your job, you’ll know how overwhelming and difficult it can be. One day you’re in work, the next you’re…

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