By Memory Nguwi AT the heart of every successful organisation lies the ability to attract and retain the right people. Talent is not just a resource; it is the engine that drives strategy, growth, and long-term sustainability.Recruitment, therefore, is more than filling vacancies; it is a deliberate process of selecting individuals who embody the organisation’s…
THE People’s Own Savings Bank (POSB) is taking major steps to integrate artificial intelligence (AI) into its operations as part of its three-year transformation strategic plan (TSP) meant to improve efficiency and boost profitability.The TSP which covers 2025-2027, has already seen the bank initiate several market penetration strategies during the first half of the year.AI…
NMBZ Holdings (NMBZ) is tightening its digital defence systems and increasing surveillance to counter rising cyber-crimes and protect customers’ assets and data.Cybercrime, mainly in the banking sector, has escalated significantly in Zimbabwe, exacerbated by rapid digitalisation, mirroring global trends.In response, financial institutions are investing in strong systems, staff training, and collaborating with public and private…
THE National Building Society (NBS) says it wants to grow its share of the mortgage market through increased financing towards purchase of stands, building and home improvement to meet high demand.Zimbabwe’s mortgage market is characterised by a dominance of cash buyers, with only a small percentage of transactions being mortgage-based, largely due to high interest…
RAINBOW Tourism Group (RTG) is set to refurbish its latest acquisition, Montclair Resort & Conference Hotel (Montclair) in Nyanga as it seeks to enhance guest experience in line with international standards.RTG acquired Montclair for US$5 million in November 2024, making it the group’s seventh property.The move aligns with the hotelier’s five-year strategy to expand its…
THE Confederation of Zimbabwe Retailers (CZR) has pledged to work closely with the government to ensure that recently announced reforms to ease the cost of doing business are fully implemented and benefit all stakeholders. In a statement yesterday, CZR president Denford Mutashu commended the government for taking bold steps to reduce regulatory burdens, streamline permits,…
THE government has deferred its plans to introduce a wealth tax on affluent citizens, until the necessary legal and administrative framework is in place. This comes after Finance minister Mthuli Ncube introduced a one percent wealth tax in his 2024 national Budget, saying at the time that the country’s tax system benefited the rich at…
NEDBANK Zimbabwe has expanded its footprint with the opening of a new branch at Greenfields Complex in Harare, in a move the bank says will boost financial inclusion while accelerating a shift towards digital-first banking. Speaking at the launch of the branch in Harare yesterday, Nedbank executive head of sales and business origination Heresy Herry…
AIR Zimbabwe is set to dispose of two of its Boeing 777 aircraft parked at Robert Gabriel Mugabe (RGM) International Airport, having invited international bidders for the sale. The Boeing 777 is a long-haul passenger aircraft offering various seating configurations, including business, premium economy, and economy classes. “Disposal of 2X B777-200ER aircraft in an ‘AS…
POWER utility Zesa has announced that Unit 3 of Hwange Thermal Power Station, which generates 120 megawatts (MW), has been taken off the grid for statutory maintenance, further compromising the country’s electricity supply. The planned outage, which began on Wednesday, will last 44 days. Figures from Zesa subsidiary, the Zimbabwe Power Company, yesterday showed that…
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