Brazilian club Santos are in talks to re-sign Neymar after his contract with Saudi Pro League side Al-Hilal was cancelled by mutual consent.The 32-year-old Brazil record goalscorer is expected to sign a short-term deal at the club where he began his career.The termination of his contract at Al-Hilal was considered the biggest step, according to…
ZIMBABWE’s formal retail sector is at a crossroads, faced with a confluence of challenges that include “unfair” competition from the bourgeoning informal sector, supply chain complexities arising from exchange rate distortions and high operational costs among others. One of the country’s largest retail firms, OK Zimbabwe Limited (OK Zim) is among the worst affected. The…
THE current tight liquidity crunch is likely to persist as authorities seek to curb inflationary pressures, analysts say.The country has experienced a significant depreciation of the local unit, primarily driven by both demand and supply factors which resulted in inflationary pressures.Fiscal and monetary authorities have introduced measures to stabilise the economy on the back of…
SOARING feed costs are threatening the survival of Zimbabwe’s pig farming sector, with farmers struggling to balance rising production expenses and stagnant market prices.The Pig Industry Board (PIB) has warned that this escalating crisis could disrupt supply chains, drive up pork prices, and jeopardise food security.Speaking to The Financial Gazette, the director of the PIB,…
Third T20, RajkotEngland 171-9 (20 overs): Duckett 51 (28); Chakravarthy 5-24India 145-9 (20 overs): Pandya 40 (35); Overton 3-24England win by 26 runs; India lead five-match series 2-1England produced a strong bowling performance to beat India by 26 runs in Rajkot and keep the T20 series alive.Having lost the opening two matches of the five-match series, England…
TIGER Woods says his meeting with fellow co-founder Rory McIlroy at the latest Tomorrow’s Golf League (TGL) event was “what we had envisioned” for the fledgling technology-driven tournament.Woods’ Jupiter Links Golf Club team beat McIlroy’s Boston Common Golf squad 4-3 after overtime on Monday in the closest match of the tournament so far.World number three…
NATIONAL Handling Services Zimbabwe (NHS) expects its business class lounges to contribute six percent of total group revenues this year, following a rebranding exercise at several major airports nationwide.The move comes amid financial challenges and evolving market dynamics.“With the business class lounges, we are looking at hitting the six percent mark because they were around…
THE National Handling Services (NHS) plans to boost cargo throughput at Walvis Bay dry port in a bid to expand trade capabilities and increase revenue streams.The acting chief executive, Phillip Rambakudzibwa, said these plans are anchored in the port’s strategic potential to drive regional and international trade.“The dry port presents a significant opportunity for growth.…
THE National Venture Capital Company of Zimbabwe (NVCCZ) will stimulate the country’s entrepreneurial ecosystem and drive economic growth, minister of Finance, Mthuli Ncube, says.Speaking at the launch of the company recently, Ncube said the initiative aims to address the critical funding gap often faced by startups and early-stage businesses, providing them with capital and support…
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