October 2024

Zimbabwe lithium output drops 5,9 pct in Q2

THE country’s lithium production decreased 6,9 percent to 884 860 metric tonnes (mt) during the second quarter of 2024 compared to 940 138 mt recorded in the first quarter of the year, latest data shows. (more…)

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October 3, 2024

Inflation worsens Zimbabwe food insecurity

AS THE lean season deepens, Zimbabweans are facing a growing food crisis, exacerbated by soaring prices and a decline in incomes, a new report shows. (more…)

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October 3, 2024

Stern warning for speculators

PRESIDENT Emmerson Mnangagwa has issued a stern warning to currency speculators in Zimbabwe, emphasising that steps were being taken to curb the resurgence of parallel market activities. (more…)

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October 3, 2024

Tech

All the major legal battles Elon Musk and his companies are facing

Elon Musk and his companies are embroiled in dozens of lawsuits, ranging from fatal crashes blamed on Tesla Inc.’s Autopilot system to civil rights complaints over the treatment of employees. Tesla’s board and Musk were hit June 6 with another suit over his $56 billion pay package that a judge…

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October 3, 2024

Opinions

The power of adaptive leadership

Power Thought: “Adaptability is the key to survival and success. Leaders who embrace change and build flexible strategies can thrive in any environment.” IN an increasingly unpredictable and complex business landscape, rigid leadership approaches and static strategic plans are no longer sufficient. (more…)

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October 3, 2024

Companies & Markets

Axia to expand retail business

AXIA Corporation (Axia) has announced plans to expand the store footprint of its two retail subsidiaries ― TV Sales & Home and Transerv before year-end as it seeks to recover market share from the prowling informal sector. (more…)

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October 3, 2024

National Report

Fiscal changes milk Dairibord

LISTED milk products processor, Dairibord Zimbabwe (Dairibord)’s business performance for the six months to June 30, 2024 was adversely affected by several fiscal changes introduced at the beginning of the year which affected some of its key product offerings. (more…)

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October 3, 2024

Companies & Markets

Hippo Valley pension contributions up 767%

SUGAR producer Hippo Valley Estates has reported a staggering 767 percent increase in its pension scheme contributions, reaching ZWL344,91 million for the fiscal year ending March 31, 2024, up from ZWL39,78 million in the previous year. (more…)

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October 3, 2024

National Report

SADC stock exchanges give nod to hub project

THE Committee of SADC Stock Exchanges (CoSSE) has endorsed the principles and operational model of the Interconnectivity Hub Project, in a major stride toward a unified securities market in Southern Africa. (more…)

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October 3, 2024

International News

South Africa courts UK investors to fund infrastructure plans

South Africa’s infrastructure development agency has restructured its pipeline of planned projects to make them more attractive to the private sector as state officials court investors in the UK. Deputy President Paul Mashatile is leading a ministerial delegation on a weeklong roadshow to London, where the officials are looking to…

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October 3, 2024

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