By Godfrey Nyoni MANY Zimbabwean companies now rely on cloud services for email, file storage, accounting systems, payroll processing, and customer records. Instead of keeping data on office computers or local servers, information is stored and accessed through internet-based platforms. This makes business operations faster and cheaper, and it supports remote work and digital growth.…
AFRICAN Distillers (Afdis) is in the process of acquiring an additional packaging line valued at US$8 million to enhance its capacity, efficiently meet rising market demand and support sustained growth. The Zimbabwe Stock Exchange (ZSE)-listed wines and spirits maker, in its trading update for the third quarter ended December 31, 2025, said it is aiming…
LARGE-capitalised companies have taken an early market lead this year with gains supported by limited investment options and rising US-dollar liquidity, equities analysts’ firm, Morgan & Co, has said. According to the analysts, blue-chip counters are expected to sustain growth momentum this year on both the Zimbabwe Stock Exchange (ZSE) and Victoria Falls Stock Exchange…
TAX experts, including Axis Solutions managing director Burayayi Mukudzavhu and CBZ Bank head of tax Robbie Maremero, are some of the speakers who will headline The Financial Gazette’s 6th Annual Tax Review…
ZIMPLATS posted a 15 percent year-on-year growth in volumes mined during the second quarter to December 31, 2025, attributed to capacity expansion. This comes as the mined volumes improved by five percent from the prior quarter, supported by improved equipment availability at the underground mining operations. “The 15 percent increase from the prior comparable period…
IMPALA Platinum Holdings (Implats), the parent company of Zimplats, expects a sharp rebound in earnings for the six months to December 2025, driven by a strong recovery in platinum group metal prices and a solid operational performance. The group forecasts headline earnings to rise by more than 390 percent year-on-year, signalling improving margins after a…
THE People’s Own Savings Bank (POSB), in partnership with global payments leader Mastercard, has launched POSB Remit Outbound, a service that allows Zimbabweans to send funds to 21 international destinations.…
AXIA Corporation’s bedding unit Restapedic is targeting to produce up to 7 000 beds per month in the short-to-medium term, supported by improved capacity following the opening of a new factory last year. The division is set to improve its market share amid strong competition from the bourgeoning informal sector. Restapedic moved its operations to…
TSL is banking on the anticipated tobacco boom this season, driven by a favourable rainfall pattern and robust irrigation infrastructure. The Tobacco Industry and Marketing Board has reported a 22 percent increase in the area under irrigated tobacco to an estimated 24 000 hectares, alongside growth in the total planted area to 113 536 hectares…
CONSTRUCTION industry experts say cement prices are expected to fall below US$6 in the near future as local production increases. Zimbabwe recently experienced cement shortages caused by a construction boom that has exceeded local production capacity, plant breakdowns and shortages of raw materials. Prices have surged, prompting the government to issue import licences to stabilise…
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