Company profits spur State revenues

Corporates continue to wave a fist of defiance and are posting reasonable profits despite the prevailing economic challenges, resulting in company tax collections by the Zimbabwe Revenue Authority (Zimra) rising by 88,31 percent in the first quarter of 2019, compared to the same period last year.

Analysts push for capital formation

Zimbabwe needs to use the improved revenue collection to increase its levels of critical infrastructure, according to analysts at Morgan & Co.

Did you know?

Zimbabwe Stock Exchange-listed property investment and development concern, Mashonaland Holdings (MASH ZW) has a history that dates back to colonial 1960s. The company focuses on the delivery of quality commercial, industrial, retail, specialised and residential accommodation with a firm asset base for its shareholders. It indeed was the very first property investment company to list on the Zimbabwe Stock Exchange (ZSE) in 1969.

Low demand hits Delta volumes

Zimbabwe’s largest company by market capitalisation, Delta Corporation’s aggregate demand went down for the fourth quarter and full year-ended March 31, 2019 as consumer spending contracted while foreign currency shortages persisted.

Old Mutual hunts for CEO . . . as Mushosho’s term nears end

Diversified financial services group Old Mutual Zimbabwe Limited (OMZIL) has started the search for a new CEO to replace Jonas Mushosho, whose  five-year term at the helm of the insurance giant is set to end next year.

Econet banks on Zim’s long-term outlook

Zimbabwe Stock Exchange-listed mobile network operator Econet Wireless says its presence at this year’s Zimbabwe International Trade Fair (ZITF) demonstrates its long-term view on the economic prospects of the country.

New industrialisation blue print on cards

Business Writer Government will soon unveil two key policies to drive the country’s industrialisation agenda in line with the Transitional Stabilisation Programme (TSP), Industry and Commerce Minister, Mangaliso Ndlovu has…

African Sun embarks on renovation programme

Hospitality giant, African Sun Limited, has commenced renovating its prime facilities — Great Zimbabwe (Masvingo) and Caribbea Bay (Kariba) hotels as it positions itself to tap into the projected rise in tourist arrivals as forecasted by global tourism trends.

Platinum production declines 5pc

Platinum group metals (PGMs) production at Anglo American Platinum’s local unit, Unki Platinum declined 5 percent to 43 300 ounces in the first quarter to March 31, 2019 compared to the same period last year.

Vast completes Eureka, Pickstone disposals

Junior mining company, Vast Resources’ shareholders have approved the sale of the mining group’s gold mines in Zimbabwe to Southern Africa Trade Finance.

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