THE Reserve Bank of Zimbabwe (RBZ)’s policy rate of 35 percent is increasing the cost of business in the country thereby suppressing growth momentum, the Zimbabwe National Chamber of Commerce (ZNCC) has warned. This comes as authorities have repeatedly stated that they will ‘stay the course’ with regards to a tight monetary policy stance, in…
THE tobacco industry is bracing for another major marketing cycle, with the Tobacco Industry and Marketing Board (TIMB) confirming that growers will receive 70 percent of their earnings in United States dollars and 30 percent in local currency during the 2026 selling season. This comes as growers for the 2025/2026 season planted more than the…
By Bothwell Nyajeka SUCCESSION planning, particularly the appointment of the chief executive officer (CEO), is one of the most critical responsibilities of a board of directors. The board exercises its…
LIBERALISATION of the energy sector has opened the door for private capital investments, enabling Independent Power Producers (IPPs) to take on projects supplying electricity directly to businesses, industry players say. The reform follows government approval allowing IPPs to generate electricity for their own use or for sale to third parties, access the national transmission network,…
By Leonita Mhishi LAST year, my cousin in Bulawayo was house-hunting on her smartphone during lunch break, flicking through listings with virtual tours that made her feel as if she were walking through homes in Harare from her office chair. For many Zimbabweans, especially those with families abroad or limited weekends to travel across cities,…
OPERATIONS at Tongaat Hulett Zimbabwe remain stable and unaffected despite the seismic shift in the corporate landscape of its parent company, Tongaat Hulett Limited. In a significant development, the joint Business Rescue Practitioners (BRPs) in South Africa have applied to the High Court for an order to place the South African entity into provisional liquidation.…
Tongaat Hulett, a 134 year-old South African sugar maker, is on the brink of collapse again as its administrators prepare to place the firm into bankruptcy, according to people with…
By Memory Nguwi IMAGINE what organisations could actually get done if they hired people who genuinely had the capacity to do the job, rather than relying on qualifications, job titles, or long lists of previous roles. In my work, the most common problem I see has nothing to do with effort, attitude, or commitment. Most…
INDUSTRY has urged authorities to review and extend the deadline for submitting indigenisation compliance plans. They cite the need for a consolidated one-stop shop to handle all compliance requirements and submissions. The policy, which requires foreign-owned firms to submit compliance plans to cede up to 75 percent of their shares within three years, targets 14…
CONTINUING delistings from the Zimbabwe Stock Exchange (ZSE) by blue-chip companies aren’t good news and signal deeper structural weaknesses in the country’s capital markets, analysts say. This comes after telecoms giant, Econet Wireless, became the latest top firm to make decisive moves to exit the ZSE. Counters such as Padenga, Innscor, Simbisa, Axia, FCB and…
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