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- businessweekly
- April 17, 2019
- 107 views
Nedbank ordered to pay client $3m
Financial services provider, NEDBANK Zimbabwe, has been ordered to payback close to $3 million it had unlawfully taken from its client, Mega Market (Private) Ltd, after making some foreign currency payment to the client’s suppliers.
- businessweekly
- April 17, 2019
- 60 views
First Capital Bank’s profit up 23pc. . . despite turbulent 2nd half
First Capital Bank recorded steady growth across the board registering a 23 percent growth in profit after tax for the year ended December 31, 2018 despite a turbulent second half characterised by among other things soaring inflation, pressure on foreign currency, price distortions, widening current account deficit and regulatory changes.
- businessweekly
- April 17, 2019
- 90 views
DW ‘fugitive’ shareholder loses stake
David Whitehead majority shareholder Elgate Holdings has lost its 51 percent stake in the struggling textile company after it failed to pay for the stake more than a decade after signing a share subscription agreement with the former ZSE listed firm under unclear circumstances.
- businessweekly
- April 17, 2019
- 75 views
FBC Re Mauritius set to commence operations
Financial services group FBC Holdings Limited has finalised and satisfied all regulatory requirements for the setting up of regional subsidiary, FBC Re Mauritius with operations expected to start soon.
- businessweekly
- April 17, 2019
- 89 views
‘Turnall group now technically solvent’
Turnall Holdings Limited has said the group is now technically solvent after a debt restructuring exercise.
- businessweekly
- April 17, 2019
- 80 views
TelOne could lose West Indian stake
Fixed telecommunications services provider TelOne is at risk of losing its shareholding in bandwidth wholesaler West Indian Ocean Cable Company (WIOCC), managing director Chipo Mtasa has said.
- businessweekly
- April 17, 2019
- 189 views
Did you know? Powerful Masimba’s upward trudge
Zimbabwe Stock Exchange (ZSE)-listed contracting group which provides services in civil engineering, residential and commercial housing, roads and earthworks, structural steel fabrication and property development across the Southern African region, Masimba Holdings Limited, rose as a dedicated and resilient entity.
- businessweekly
- April 17, 2019
- 135 views
A little bit of heaven at Sango Lodge
Yep, it’s for real, there’s a touch of heaven in almost every aspect of the luxurious Sango Lodge.
- businessweekly
- April 17, 2019
- 72 views
New currency will get input and thought
Neither Minister of Finance and Economic Development Prof Mthuli Ncube nor Governor of the Reserve Bank of Zimbabwe Dr John Mangudya have made any secret of the plan to introduce a Zimbabwean currency within a year after markets have settled and the necessary steps have been taken.
- businessweekly
- April 17, 2019
- 95 views
National branding enhances tourism performance, investment
Nation branding is such a strategic issue which is central to global competitiveness and visibility.