April 2024

Proplastics ups capex

PIPING products manufacturer Proplastics has earmarked US$1,3 million for capital expenditure this year, a substantial 325 percent increase from the previous year. (more…)

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April 15, 2024

Companies & Markets

IDBZ restructures balance sheet

THE Infrastructure and Development Bank of Zimbabwe (IDBZ) has undertaken a strategic balance sheet restructuring by divesting underperforming investment properties. (more…)

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April 15, 2024

Dairibord focuses on cost measures

DAIRIBORD Holdings (Dairibord) has intensified its commitment to rigorous cost containment measures in response to the ongoing market turbulence. Price volatility, exchange rate fluctuations, and liquidity challenges characterise the current market landscape. “The group is aggressively pursuing a lean and agile cost structure, ensuring sustained profitability and long-term…

April 15, 2024

Companies & Markets

Turnall eyes export market boost

TURNALL Holdings (Turnall) is focusing on returning to the regional export market after a sabbatical that was necessitated by Covid-19 pandemic-induced logistical disruptions. (more…)

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April 14, 2024

Government reviewing Old Mutual, PPC trading suspension

GOVERNMENT says it is currently reviewing the share trading suspension of Old Mutual Zimbabwe and PPC Zimbabwe on the Zimbabwe Stock Exchange (ZSE) which has been in effect for close to four years. (more…)

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April 14, 2024

National Report

New currency measures relieve local businesses

THE Reserve Bank of Zimbabwe (RBZ) says the challenges encountered by formal business operators regarding the statutory 10 percent trading margin on the official exchange rate for instore use will no longer be an issue following the introduction of a much stable new local currency, the Zimbabwe Gold…

April 14, 2024

Sport

Chelsea spent £747m on transfers in 2022-23 season

Chelsea spent £747m on transfers last season, according to accounts published by Companies House.…

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April 14, 2024

Sport

Manchester City 5-1 Luton Town: Perfect day for Man City as Guardiola relishes ‘privilege’

If Manchester City had to design their perfect game between two Champions League ties against Real Madrid, a 5-1 home win over Luton would have been up there.…

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April 14, 2024

Currency switch slows down equities market

THE equities market was relatively lukewarm this week following the launch of the new currency, ZiG last Friday, as investors took time to digest its implications on stock holdings. (more…)

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April 14, 2024

Companies & Markets

Stanbic FX transactions surge

STANBIC Bank Zimbabwe (Stanbic) recorded increased volumes of foreign currency-denominated transactions during the year ended December 31, 2023 as business operations shifted significantly from local to foreign currency. (more…)

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April 14, 2024

Friday, 20 September 2024

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