May 27, 2023
ANY moves by the governmentvto abandon fiscal prudence and appease its employees and voters ahead of this year’s national elections will spell doom for the Zimbabwe dollar and the economy. So warns business after it was claimed last week that the government was mulling awarding hefty salary increases…
REGIONAL cement manufacturer, PPC, says its Zimbabwean unit has engaged authorities on mitigating the impact of insufficient power supply on critical industrial sectors. (more…)
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FINANCIAL services group, Old Mutual, says it expects macroeconomic conditions in its markets in the southern African region to remain challenging in the foreseeable future. (more…)
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By Farai Mabeza and Almot Maqolo BUOYED by an expected good 2022–23 season, the government is pushing for a three million-metric tonne (MT) maize harvest next year, on the back of a favourable producer price and improved productivity, particularly under the climate-proofing pfumvudza programme. (more…)
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AXIA Corporation (Axia) says it has identified new markets in the region and expects its order book to grow as it expands its portfolio. (more…)
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CBZ Holdings (CBZ) says it is working on the possibility of extending credit through its money transfer platform to promote financial inclusion. (more…)
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AMALGAMATED Regional Trading (Art) says its sales mix is now evenly split between US dollars and Zimbabwe dollars, but expects it to be more skewed towards the greenback going into the future. (more…)
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Online retail giant Amazon plans to cut another 9,000 jobs as it seeks to save costs.…
The International Monetary Fund (IMF) says it has reached an agreement with Ukraine on funding worth $15.6bn (£12.8bn).…
Fernando Alonso has been reinstated to third place in the Saudi Arabian Grand Prix after stewards overturned their earlier decision to demote him.…