March 14, 2023 - The Financial Gazette

Cheap imports killing local clothing industry

Tendai KamhungiraMarch 14, 20230596 views

AT LEAST 28 000 workers in the clothing industry have lost their jobs since 2013 due to the imports of second-hand clothes into the country, a sector expert has said. The National Union of the Clothing Industry’s general secretary, Joseph Tanyanyiwa, told The Financial Gazette this week that the government must put measures in place…

Subscribe to read full article. Subscribe today

Nedbank’s profitability ‘on target’

Almot Maqolo, Staff WriterMarch 14, 20230751 views

NEDBANK Zimbabwe (Nedbank) says its cost-to-income ratio fell within its target during the 12 months to December 2022, spurred by improved efficiency. Cost-income is the ratio between the costs involved in running a business and the income the business produces. The ratio is important for determining a bank’s profitability because it shows how efficiently the…

Subscribe to read full article. Subscribe today