RECENT events in the corporate world where we have witnessed an increased number of corporations going through voluntary and or forced corporate rescue management have necessitated the need to focus and scrutinise the role of executive management and non-executive directorships.While the problem of corporate failure could largely be attributed to challenges in the operating environment,…
THE release of South Africa’s national budget has descended into an unprecedented fiasco. Never before in the country’s democratic history has a budget been postponed. However, this postponement is not just a disagreement within the government of national unity (GNU). It is a direct result of the ANC’s arrogance in not recognising the political reality…
ARTIFICIAL Intelligence (AI) may sound like something out of a science fiction movie, but it is very real and already a part of our daily lives. If you have ever used Google to search for something, seen product recommendations while shopping online, or used voice assistants like Siri, then you have interacted with AI.At its…
THE African Development Bank (AfDB) forecasts economic growth of 5,3 percent for Zimbabwe this year, marking a significant recovery from the adverse effects of a severe drought in 2024.The pan-African lender’s projections are slightly lower than the government and the International Monetary Fund’s forecasts of a six percent growth.Economic growth in the southern African nation…
EXPERTS are concerned that the potential benefits of this summer’s decent rains and harvest will not be fully realised because of the country’s deep-seated economic challenges.This comes as the key agricultural sector, as well as commerce and industry, continue to grapple with exchange rate woes, a severe liquidity crunch and relentless power cuts, among other…
THE Reserve Bank of Zimbabwe’s decision to devalue the ZiG currency in September last year resulted in “near-doubling” of OK Zimbabwe (OK Zim)’s United States Dollars-denominated debt stock, a senior company executive has revealed.The ZiG lost 43 percent of its value on September 27, 2024 as authorities sought to catch-up with the runaway parallel market…
A Manchester United supporters’ group says fans must not “pay the price” for the club’s financial “mismanagement” after the Red Devils announced revenues decreased by 12% in the last financial quarter. The club announced on Wednesday that revenues had dropped to £198.7m for the final three months of 2024, down from £225.8m for the same…
WAY back in the 20th C, 1st Street in Harare on a Saturday morning was the place to see and be seen.Tank tops, flared pants and Doc Martens were considered…
ZIMBABWE has recorded a fourfold increase in Liquefied Petroleum Gas (LPG) consumption since 2015, with 2024 marking the highest level yet at 77,43 million kilograms (kgs), according to the latest figures from the country’s energy regulator.This surge underscores the nation’s growing dependence on LPG as a fuel source. The post-pandemic recovery has accelerated this growth,…
THE Treasury has injected US$7,5 million and ZiG100 million into the Grain Marketing Board (GMB) to pay for wheat deliveries, marking a significant boost for the agricultural sector.This latest disbursement raises the total payments for wheat deliveries to US$18 million and ZiG215 million.The GMB has now cleared its debt from the 2023 wheat intake and…
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