Cottco targets ZSE return

MUTAPA Investment Fund (MIF), a major shareholder in the Cotton Company of Zimbabwe (Cottco), plans to resume trading in the company’s shares on the Zimbabwe Stock Exchange (ZSE) next year.Cottco voluntarily suspended trading its shares in November 2014 due to its inability to settle debts totalling approximately US$56 million.This largely resulted from its failure to…

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Taylor returns to Chevrons

BRENDAN Taylor — one of the country’s most accomplished cricketers — has been recalled to the Chevrons squad ahead of the second Test match against New Zealand, scheduled for August…

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Industry calm as Pretoria hobbles

ORGANISED business is not losing sleep over threats by the United States of America to further squeeze South Africa.This comes as Pretoria is facing mounting pressure from President Donald Trump’s administration on a number of fronts, with a key US congressional committee recently advancing a bill that could see Washington imposing sanctions on senior ANC…

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Delta pays US$4,5 million in sugar tax

DELTA Corporation (Delta) paid a total of US$4,5 million in sugar tax to the Treasury during the first quarter ended June 30, 2025, piling additional cost pressures on profit margins.Local manufacturers are already battling high input costs, unsustainable electricity charges and administrative costs as well as exchange rate volatility among a plethora of operational challenges.The…

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Government to save retail sector

THE government will prioritise eliminating excessive taxes and enhancing the country’s ease of doing business climate going forward, Finance minister Mthuli Ncube said yesterday. Presenting his mid-term Budget review statement in Parliament, Ncube said this would foster economic growth and improve the quality of life for poor Zimbabweans. “During the second half of the year,…

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HR PERSPECTIVE: When board members speak freely, organisations thrive

I HAVE noticed that over the years, governance has been regulatory-driven. Statutory pronouncements and codes on governance. Will this solve the governance problem? Let’s look at some of the issues.In the wake of every major corporate scandal, from Enron to Lehman Brothers, a familiar post-mortem unfolds. Regulators, investors, and academics scrutinise the company’s corporate governance,…

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Illicit spirits ban buoys Afdis

AFRICAN Distillers (Afdis) says efforts to curb the smuggling of foreign alcoholic brands and the ban on the production of illicit spirits by the government has helped improve sales volumes.The widespread informalization of the economy has marked a rampant increase in the production and sale of cheap, illicit spirits nationwide, creating a congested and uneven…

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