LOCAL stock brokers struggled in the fourth quarter of 2024, with 13 of the 22 registered firms failing to break even as muted market activity weighed heavily on the sector.The Securities and Exchange Commission of Zimbabwe (Seczim) in its Q4-2024 capital markets newsletter, released this week, said securities dealing firms’ earnings were “critical” based on…
EASTER, the most important event in the Christian calendar, has almost arrived, and the faithful among us, who have been fasting, praying and giving alms for the last forty days,…
THE Confederation of Zimbabwe Industries (CZI) has emphasised the need to segment costs to ease the cost of doing business for women-owned businesses.Speaking on the sidelines of a National Foods factory tour, conducted recently through its Women in Industry (WIN) platform, chief executive, Sekai Kuvarika, said that as most women-owned businesses are startups or small…
HAVING conducted non-executive director (NED) remuneration surveys in Zimbabwe for over two decades, I have had a front-row seat to one of the most enduring paradoxes in our corporate landscape: we expect a great deal from our boards, yet we continue to reward them poorly. Year after year, data has consistently shown that NEDs in…
Fastjet Zimbabwe (Fastfjet) is gradually expanding its air service into the vast African region, bringing its total number of operating countries to three following the launch of the Lusaka-Harare route last week.Previously, Fastjet operated routes in Zimbabwe and South Africa.Since 2015, Fastjet has been growing its list of service routes which includes flights between Harare,…
ONLY five percent of Zimbabwe’s manufacturing output is exported, largely due to high costs, competition from cheaper goods and the foreign currency retention policy, a new survey shows.According to the Confederation of Zimbabwe Industries (CZI) 2024 manufacturing sector survey, the high cost of doing business, shortage of raw materials and bureaucratic and costly export procedures…
ZECO Holdings (Zeco) is planning on implementing sweeping cost-containing measures across its operations in an ongoing effort to return to profitability after extending its earnings losing streak in the financial year ended December 31, 2024.The Zimbabwe Stock Exchange (ZSE)-listed engineering firm recently embarked on a new strategic focus into the property sector.As such, it intends…
PROPLASTICS anticipates an increase in sales volumes this year, taking advantage of expanded government spending on infrastructure development projects.The firm wants to align its operations with the growing demand for high-quality, durable plastic solutions that meet the rigorous standards of contemporary construction and infrastructure initiatives.In a statement accompanying the financial results for the year ended…
THE Minerals Marketing Corporation of Zimbabwe (MMCZ) sold 1,02 million metric tonnes (mt) of minerals valued at US$555,2 million in the first quarter of 2025, a 27 percent decline in value terms.Compared to the same period last year, the country’s sole minerals marketing agent sold 883 301 mt minerals valued at US$758,7 million.Sales increased in…
THE Zimbabwe International Trade Fair (ZITF) Company expects over 800 exhibitors at this year’s premier business expo, which will be held next week.ZITF chief executive Nicholas Ndebele said the 65th edition of the fair is set to amplify the country’s rural industrialisation agenda through its first-ever rural industrialisation conference.This year’s exhibition will commence on April…
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