BUSINESS is at the end of its tether over the triple whammy of Zimbabwe’s continuing exchange rate distortions, booming informal sector and public policy failures.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for commerce and industry — experts said this week that it was time for authorities to…
AS we navigate the complex landscape of public relations, there are two twins in the business world that often cause friction: Marketing and advertising. But what if I told you that these two ‘cousins’ are not just separate entities, but rather interconnected parts of a larger family that works together to build a brand that…
AS a consultant who has worked on numerous job evaluation projects, I have observed a recurring challenge: many leaders and executives do not fully understand why job evaluation is conducted.Job evaluation serves as a systematic method to determine the relative worth of different positions within an organisation. Many leaders often see it as a box-ticking…
Elton ManguwoStaff writerECOCASH Holdings Zimbabwe (Ecocash) says the sudden devaluation of the Zimbabwe Gold- —ZiG currency by the Reserve Bank of Zimbabwe last year severely eroded its local currency holdings by up to 43 percent in real terms.The authorities — on September 28, 2024 devalued the ZiG by 42,6 percent in an attempt to keep…
FINANCIAL services group CBZ Holdings (CBZ) says it has managed to insulate its lending business from sectoral shocks by diversifying loans across several sectors and spreading risk.By diversifying their loan portfolios, banks tend to reduce their exposure to specific sectors, which can help them avoid losses during economic downturns or other unexpected eventsThe Zimbabwe Stock…
THE real estate sector topped projected investment values for the fourth quarter of 2024, with an estimated US$2 billion, representing 43,60 percent of the total projected investment for the period, according to the Zimbabwe Investment Development Agency (ZIDA).Real estate remains a proven avenue for wealth creation, and Zimbabwe’s property market offers diverse opportunities. From residential…
VICTORIA Falls hotels experienced a slight decline in occupancy levels during the recent festive season, with average occupancy falling to 62 percent compared to 65 percent in the same period the previous year.This decrease has been attributed to the poor state of the road network and the high cost of air travel.Traditionally, local travellers, particularly…
THE government has expressed confidence in achieving a six percent economic growth rate this year, attributing the optimism to a rebound in agriculture and ongoing capital investments in the manufacturing sector.Speaking to The Financial Gazette, the Finance minister, Mthuli Ncube, emphasised that favourable weather patterns are key to reaching the target.“If the current weather trajectory…
DELTA Corporation (Delta) will this year prioritise cutting costs across its supply chain in pursuit of more profitable growth, a senior company executive has said.The beverage-maker has been hit by a plethora of operational challenges mainly the sugar tax, exchange rate distortions and foreign currency shortages to procure raw materials.In a recent interview with The…
TANGANDA Tea Company is set to issue dates for an extraordinary general meeting of shareholders to consider and approve the proposed listing of a new class of shares on the Victoria Falls Stock Exchange and issuance of a rights offer to raise US$8 million.The Zimbabwe Stock Exchange (ZSE)-listed group initially wanted to migrate to the…
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