September 5, 2024

AFC Holdings set to monetise land bank

AFC HOLDINGS plans to monetise and unlock value from its vast peri-urban land as it seeks to raise capital for its subsidiaries to finance agricultural production. (more…)

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September 5, 2024

Far better rain signs cheer up economy

EXPERTS have welcomed the latest weather forecasts that indicate that the country will receive normal to above-normal rainfalls as from later this year to March 2025. (more…)

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September 5, 2024

National Report

OK Zim saves US$40k in monthly costs

RETAIL giant OK Zimbabwe Limited (OK Zimbabwe) managed to save up to US$40 000 in overall monthly distribution costs during the fiscal year ended March 31, 2024 following a major investment into its delivery fleet. (more…)

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September 5, 2024

Companies & Markets

First Capital loan book surges 11,2pct

FIRST Capital Bank (First Capital) loans to customers grew 11,2 percent in the six months ended June 3, 2024 to ZWG1,3 billion (US$94,7 million) from ZWG1,2 billion (US$86,1 million) recorded on December 31, 2023 as the financial institution capitalised on credit demand in the economy. (more…)

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September 5, 2024

Companies & Markets

Non-interest income drives Nedbank earnings

Kudzanai Gerede Companies and Markets Editor NEDBANK Zimbabwe (Nedbank) posted a profit after tax of ZWG72,54 million for the six months ended June 30, 2024 supported by a 50 percent growth in fees and commissions from client transactions. (more…)

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September 5, 2024

ESG dominates Top Companies

THE sustainability of Zimbabwean businesses will take centre stage at this year’s Top Companies Survey (TCS) awards – hosted by Old Mutual Zimbabwe in conjunction with The Financial Gazette – to be held next week.…

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September 5, 2024

National Report

Minister says 2025 housing goal on course

By Prisca Tshuma Staff writer THE government is confident of achieving its ambitious target of delivering one million housing units by 2025. (more…)

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September 5, 2024

Opinions

Obstacles to high-performance coaching culture

Power Thought A high-performance coaching culture is not built by chance but by choice, strategy, and unwavering commitment. Leaders who invest in this culture unlock potential that transforms individuals, teams, and ultimately, the organization. (more…)

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September 5, 2024

International News

Economy grows in Q2 amid power and manufacturing boost

South Africa’s economy expanded in the second quarter as the electricity supply improved and consumers dipped into their wallets, but the result wasn’t seen dislodging the case for an interest-rate cut later this month. Gross domestic product rose 0.4% in the three months through June, Statistics South Africa said in…

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September 5, 2024

Companies & Markets

ZB posts growth in assets amid headwinds

ZB FINANCIAL Holdings (ZB) reported total assets of ZWG9,143 billion for the half year period to June 30, 2024 which was a marginal four percent increase from prior year’s ZWG8,772 billion as the group withstood macro-economic headwinds. (more…)

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September 5, 2024

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