November 7, 2024

Saved by sticky toffee pudding at Luna’s Restaurant.

WHEN intrepid explorers return from tracking dinosaurs in the Zambezi Valley, and daredevil dragsters have parked their cars after the last race at Donnybrook Raceway, there’s a multitude of alternative entertainments and events available in Harare. Weekends can be taken up playing tennis, golf or padel, taking part in marathons…

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November 7, 2024

Companies & Markets

Local stocks steady despite headwinds

By Kudzanai Gerede Companies and Markets Editor THE local equities market has been resilient this year, defying a plethora of forces riddling the economy, financial analysts, Inter Horizons (IH) Securities have said. (more…)

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November 7, 2024

Top Stories

Do more to fortify limp ZiG, RBZ told

Mishma Chakanyuka, Prisca Tshuma & Almot Maqolo Staff Writers WHILE experts have welcomed the central bank’s recent bid to rein in inflation, they say this will do little to address the key issues hurting the ZiG and the economy generally. (more…)

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November 7, 2024

Companies & Markets

‘Nampak-TSL deal overvalued’

DIVERSIFIED agro-industrial concern TSL Limited (TSL)’s proposed acquisition of a 51,43 percent stake in packaging firm Nampak Zimbabwe for a maximum consideration of US$25 million could be “overvalued,” financial advisory firm, FBC Securities, has said. (more…)

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November 7, 2024

Companies & Markets

BAT H1 sales dip on currency switch glitch

Kudzanai Gerede Companies and Markets Editor BRITISH American Tobacco (BAT) says its sales volumes were adversely affected by a temporary glitch in payment systems during the currency switch at the beginning of April this year. (more…)

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November 7, 2024

Top Stories

Banks under ‘siege from rampaging’ unions

ZIMBABWEAN banks are under siege from ‘militant’ unions amid threats of ‘cat strikes’ at directors’ offices.…

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November 7, 2024

Sport

Djokovic pulls out of ATP Finals because of injury

Defending champion Novak Djokovic has pulled out of the ATP Finals because of an “ongoing injury”. The 37-year-old Serb, who has won a record seven titles at the event, had already qualified as the sixth most successful player on the ATP Tour this season. “I was really looking forward to…

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November 7, 2024

Top Stories

Local businesses call for protection

Kudzanai Gerede Companies and Markets Editor WITH Zimbabwean industry facing unprecedented pressure from imported goods, local businesses are calling for immediate government protection to shield against the threat of deindustrialisation. (more…)

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November 7, 2024

Top Stories

Corporates expected to target informal sector

BUSINESSES in Zimbabwe are expected to intensify their focus on the informal sector as a primary source of US dollar cash flow, according to a recent report from IH Securities. (more…)

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November 7, 2024

Top Stories

Foreign currency loans dominate banks’ books

ZIMBABWE's banking sector is heavily invested in foreign currency-denominated loans, which account for 88,88 percent of total loans and advances, reaching ZiG27,45 billion by mid-2024, according to recent data. (more…)

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November 7, 2024

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