JSE-listed retailer Woolworths reported a 6.8% rise in turnover and concession sales to R81 billion for the 52 weeks ended 30 June 2025, it announced in a Sens statement on Wednesday. Headline…
South Africa’s biggest energy users criticised a R54 billion ($3 billion) settlement between the state power utility and regulator and called for a review of the process to determine electricity…
OpenAI has agreed to buy product testing startup Statsig for $1.1 billion in an all-stock deal, the company said, marking one of the largest acquisitions in the ChatGPT maker’s history. Statsig,…
President Donald Trump says he’s not looking at lowering tariffs on India, one week after the US doubled levies on the country’s imports to 50% as punishment for its Russian…
CBZ Holdings (CBZ) says it is exercising caution when seeking additional offshore credit due to prevailing high interest rates fuelling financing costs.Zimbabwe’s biggest bank by assets aims to maintain financial stability, emphasising prudence in its international borrowing strategies amid volatile global market conditions.Central banks in major global economies have been hiking interest rates in the…
FREIGHT transporter Unifreight Africa (Unifreight) says its fuel consumption in 2024 significantly decreased, resulting in reduced costs due to strategies implemented to improve operational efficienciesHigh fuel consumption, in this case diesel and petrol, is a major cost driver for transport and logistics firms. According to the group, diesel consumption declined by 19 percent to 2,85…
THE property sector in Zimbabwe is growing, driven by a rising demand for housing and infrastructure, experts say.This comes as new investments in residential developments are improving the market landscape.Spatial data analyst at Injecta Analytics, Tatenda Chiteka, said the residential market has been expanding by an average of 7 percent annually.“We have seen a 20…
THE Procurement Regulatory Authority of Zimbabwe (Praz) has launched a methodology for assessing procurement systems, ‘MAPS’, in a bid to bolster accountability and fiscal responsibility.This strategic initiative marks a pivotal step in the nation’s ongoing public finance management reforms, aimed at enhancing transparency, accountability and efficiency into the way public accounts acquire goods and services.…
ZIMBABWE’s economy lost an estimated US$6,15 billion in illicit proceeds from financial crimes between 2019 and 2024, translating to US$1,23 billion annually, latest figures show.According to the Financial Intelligence Unit (FIU) 2024 report, the figures underscore the impact of financial crime on the national economy.The FIU’s analysis of 16 predicate crimes identified six as the…
LONDON-based wealth manager Shard Capital has initiated coverage on Kavango Resources with a risk-adjusted valuation of £64,3 million (1,9 pence per share) for the company’s Hillside Gold Projects in Zimbabwe.Hillside is Kavango’s first 100 percent owned gold project in Zimbabwe and is located within the historic Filabusi Greenstone Belt. Geophysical surveys and mapping suggest that…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More