The National Consumer Commission (NCC) has emphasised that overbooking and overselling airline flight tickets is illegal in terms of the Consumer Protection Act (CPA). Hardin Ratshisusu, acting commissioner of the…
Heathrow Airport was warned about the “resilience” of its power supply in the days before a fire which shut down the airport for more than a day last month. The…
MASIMBA Holdings says low levels of liquidity in the market adversely impacted its capacity to execute projects during the financial year ended December 31, 2024. The government has been keeping a hawkish eye on local currency supply, the ZiG, into the market in an attempt to manage the exchange rate and stabilise inflation. However, the…
OLD Mutual Life Assurance Company Zimbabwe (OMLAC) is in the process of expanding the branch network for its funeral services division nationwide in an effort to improve access to customers and grow market share. OMLAC, a subsidiary of Old Mutual Zimbabwe, launched the fully-fledged funeral service in 2022 and has steadily grown its market presence…
ORGANISERS of the Zimbabwe International Trade Fair (ZITF) have implored exhibitors to take advantage of the upcoming fair to enhance business linkages in a bid to boost business opportunities. This year’s annual event will take place between April 21 and 26 at the ZITF showgrounds in Bulawayo. Speaking at a training for ZITF exhibitors at…
ZIMPLOW says its rationalisation at Mealie Brand and TrenTyre is expected to bring the business units back to profitability, translating to increased group earnings. The Victoria Falls Stock Exchange-listed group embarked on a cost containment drive to preserve cash flows, which included a group-wide staff rationalisation exercise, closure of non-performing branches and branch consolidation at…
ZIMBABWE will maintain robust economic growth between 2026 and 2030, averaging 4,5 percent annually, according to research firm Fitch Solutions.This aligns closely with Africa’s regional average of four percent, positioning Zimbabwe as a growth leader in southern Africa.The head of Operational Risk and South Africa Research at BMI, Chiedza Madzima, shared these projections while noting…
ZIMBABWE’s gold export earnings for January and February this year reached US$240,1 million, 8,69 percent above US$220,9 million realised during the first two months last year, latest figures from the Reserve Bank of Zimbabwe (RBZ) show.The increase in export earnings has been largely driven by record prices of bullion this year, which surpassed the US$3000…
AGRICULTURAL Finance Corporation (AFC) Holdings wants to monetise its vast tracts of peri-urban land during the first half of 2025 as it seeks to unlock capital to finance operations across its subsidiaries. AFC, which was established following the restructuring of Agribank in 2021, is wholly owned by Mutapa Investment Fund, the country’s sovereign fund. It…
THREE months after the 2025 national budget was presented, business leaders and economists are urging the government to reassess several measures, arguing they have increased compliance burdens on formal businesses while failing to rein in the informal sector.In December, Finance Minister Mthuli Ncube introduced new taxes on fast food, plastic bags, and gambling, alongside higher…
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