ART boosts profitability

Michael Tome HARARE – Amalgamated Regional Trading Holdings (ART)’s business units remained profitable for the half year to March 31, 2019 despite the currently prevailing turbulent business environment in the…

Old Mutual explains Moyo fall out

Golden Sibanda South Africa headquartered Old Mutual Plc has explained circumstances leading to the impending separation with its Zimbabwean chief executive (CEO) Peter Moyo, revealing that the relationship with the…

CZI wants free forex market

Ndaka Majaka Zimbabwe’s major industries lobby group, the Confederation of Zimbabwe Industry (CZI), is pushing for an independent foreign currency exchange market in the wake of a runaway exchange rate,…

Internal probe delays Hippo Valley financials

Tawanda Musarurwa Allegations of financial misappropriation of South Africa-headquartered sugar manufacturer Tongaat Hullet Limited (THL) has forced Zimbabwean subsidiary, Hippo Valley Estates Limited to postpone publication of its FY2019 results.…

Zimpapers exceeds revenue targets

Tawanda Musarurwa Zimbabwe’s largest diversified media group, Zimpapers (1980) Limited, surpassed its revenue and profitability targets for the first five months of the year, despite battling a significant exchange loss…

Currency liberalisation pays dividends

Hebert Zharare Some firms are beginning to feel positive effects of Government’s intervention measures such as liberalisation of foreign currency market as witnessed by increased exports and availability of locally…

Moyo lands regional railway presidency

BEITBRIDGE. — Bulawayo Railway chief executive, Thembi Moyo, has been elected president of Southern African Railways Association (SARA) at the organisation’s first board meeting held in Harare on Wednesday. Transport…

SA Business Summit 2019: Milestone re-engagement drive

Fradreck Gorwe Some positives continue to pile on the Zimbabwean cause as re-engagement efforts once more find an efficient catalyst at the US-Africa Business Summit in the Mozambican capital —…

Inflation rally only temporary, analysts

Golden Sibanda Senior Business Reporter ANALYSTS expect Zimbabwe’s annual rate of inflation to drop sharply by October this year, as projected by Finance and Economic Development Minister Mthuli, with the…

Cassava take on board business, corporate partners

Business Writer Cassava Smartech Zimbabwe’s On-Demand Services business, which signed up over 20 corporate partners during the ZITF period alone, says it is eyeing over 1000 business partnerships in the…

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