Delta volumes drop 3 percent

Business Reporter Delta Corporation has reported a 3 percent contraction in its total beverage volumes for the 12 months ending March 2025, dropping to 10,8 million hectolitres from the previous…

FBC to build hostel for vulnerable children

Business Reporter Financial services group FBC Holdings has cemented its commitment to community development by spearheading the construction of a new, modern hostel at Shungu Dzevana Children’s Home in Hatfield,…

Microsoft reduces workforce

Microsoft Corporation said it will cut 6 000 workers across the company in an effort to reduce management layers. The planned terminations will amount to less than 3 percent of…

US-China trade talks offer hope

After months of heightened tariff pressure, the US and China appear to be moving towards de-escalation. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer concluded talks with…

Demand soars at SA bond sale

Investor demand at South Africa’s weekly government bond sale more than doubled as risk appetite improved globally after the US and China reached a deal to temporarily lower tariffs. Primary…

Government authorises mayors, chairpersons to drive council vehicles

Rutendo Nyeve,Online Reporter THE Government has granted mayors and council chairpersons the authority to drive council-owned vehicles in order to curb rising operational expenses, provided they meet stringent licensing and…

Mashonaland Holdings achieves 24pc revenue growth amid economic strain

MASHONALAND Holdings Limited, listed on the Zimbabwe Stock Exchange, has announced a 24 percent rise in revenue to US$1,74 million for the first quarter ended 31 March 2025, despite operating in an economic environment weighed down by soaring inflation and constrained liquidity.

WestProp profit plunges 54pc despite revenue jump

WEST Properties (WestProp) Holdings’ 2024 full-year revenue surged 80 percent, but the solid topline expansion could not positively impact the bottom line after operating profit plunged by 54 percent.

RioZim seeks capital injection

A SIGNIFICANT financial injection, estimated at US$200 million, is required to revitalise operations at the struggling RioZim Limited, the Zimbabwe Stock Exchange-listed diversified resource firm.

‘Private sector key to Zimbabwe’s energy transformation’

Zimbabwe’s drive towards a sustainable, reliable, and inclusive energy future places the private sector at the heart of its strategy, an official has said.

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