FBC posts solid Q3 results

Financial services provider, FBC Holdings Limited posted yet another commendable set of financials for the third quarter to September 30, 2019, capitalising on a solid half-year performance.

Did you know? Willdale Bricks Limited history

Zimbabwe Stock Exchange-listed brick making company, Willdale Bricks Limited, has a long history stretching back to the Federation of Rhodesia and Nyasaland.

Kilimanjaro to grow Masvingo

 President Mnangagwa last Saturday launched the much awaited Kilimanjaro Sugarcane project that is being spearheaded by Johannesburg Stock Exchange-listed sugar producers Tongaat Hulett Limited. The US$40 million project will culminate in the development of 4 000 hectares of land under sugarcane. Our Business Writer Ishemunyoro Chingwere (IM) took advantage of the launch and engaged the sugar processor’s chief executive officer Gavin Hudson (GH) on a number of issues regarding the project and the sugar processor’s future plans. The following are excerpts of the interview:

Ready to re-brand your organisation

2019 has seen a number of business organisations in the market, shift colours, logos and change their whole persona in communication with the market.

Blanket Mine’s gold output drops 2,4pc

Toronto Stock Exchange-listed firm, Caledonia Mining Corporation’s local operation, Blanket Mine’s gold production for the third quarter to September 30, 2019 fell 2,4 percent to 13 646 ounces compared to 13 978 ounces recorded in the same quarter in 2018.

Sunset experiences at Khami Ruins

There’s nothing quite like watching the African sun melting into the landscape.

WhatsApp refugee author leaves island ‘prison’

An asylum seeker who wrote a book via Whatsapp from inside a detention centre has finally left the island where he was held for six years by Australia. Behrouz Boochani,…

2020 Budget: We carry a burden of the past

It is now very clear for everyone to see that only long term solutions can deliver Zimbabwe from its economic ills, which are largely permanent and structural in nature. While there appear to be understanding of the urgency of economic reforms by Treasury, it seems we underestimated the depth of our challenges, ostensibly because we suppressed the economy for too long, through unsustainable subsidies, including currency subsidies-exchange rate parity (1:1) and managed foreign currency allocation system. All these are stop gap measures, short term fixes and half backed solutions, which, ironically, got us nowhere but deeper into the hole.

The future of diamond industry. . . natural or lab-grown gems?

Back in 1947, an advertising firm working for De Beers coined the phrase “A Diamond is Forever” which won awards as the best advertising slogan of the 20th century. That slogan gave birth to the highly effective strategy of marketing diamonds as a symbol of love and commitment. So effective was the marketing strategy that diamonds today derive their value almost entirely from that marketing genius.

How multinational firms take money offshore

Zimbabwe could be losing out on millions each year as multinational firms in the country avoid tax through complex transactions between their subsidiaries.

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