THE government is optimistic about reaching its 2025 diamond production target of 10 million carats, contingent on securing the necessary capital for the Zimbabwe Consolidated Diamond Company (ZCDC). The ZCDC is targeting diamond output of 5,7 million carats this year, with production driven by increased efficiency and expansion efforts. “The 2025 target, as I mentioned…
Manchester United manager Erik ten Hag says there are “too many games” and “too many competitions” in football, with players facing “almost unavoidable” risk of injury. Manchester United start their European campaign at home to Twente on Wednesday in a new 36-team Europa League which sees each club play eight matches in the league phase.…
PROPLASTICS expects to achieve significant savings in the second half of 2024 after commissioning its new solar power plant. Board chairman Gregory Sebborn highlighted the benefits of the plant, noting that it is expected to generate 50 000 kilowatt hours (kWh) of energy per month. “This will reduce the electricity bill and generator fuel consumption,…
WITH the full rollout of the Tax and Revenue Management System (TaRMS) set for October 1, 2024, Zimbabwe is on the brink of a significant shift in tax compliance. This advanced system aims to streamline tax processes and increase ZIMRA’s oversight capabilities, leaving businesses with little room for error. It is crucial for organisations to…
CALEDONIA Mining Corporation says the commencement of the direct sale of gold produced from its flagship asset-Blanket Mine to a refiner outside Zimbabwe will make it easier for the company to arrange debt facilities with external funders. The mining company commenced the direct sale of gold produced from Blanket to a refiner outside Zimbabwe in…
CBZ Holdings (CBZ) has announced a restructuring exercise across its group of companies, aimed at realigning the company with evolving market demands. The restructuring process, described as part of broader efforts to “strengthen market position and ensure long-term sustainability,” involves major shifts at the executive level. Thirteen senior executives will be leaving, with mutual contract…
ZIMTRADE is optimistic about the ongoing discussions regarding the resumption of direct flights between Zimbabwe and the United Kingdom, which is expected to boost business exchanges and trade growth. Transport and Infrastructural Development Minister Felix Mhona recently announced that direct flights from Zimbabwe to the UK are set to resume, with the goal of strengthening…
ECOCASH Holdings Zimbabwe (Ecocash) says despite the unpredictable macroeconomic environment, it is confident of sustained growth in the coming year. Zimbabwe’s economic environment is evolving with the new currency in the market and regulatory changes being made to support its stability. “Being a well-diversified group positions us to take advantage of several opportunities in our…
ZIMBABWE Stock Exchange-listed diversified company, TSL Limited (TSL) wants to intensively invest in its core business sectors of agriculture and logistics after realising significant revenue gains during the third quarter ended July 31,2024. Quarterly group revenue rose 13 percent from last year’s levels, underpinned by strong volume expansion in the logistics division as it plans…
PLAYERS in the construction industry are pushing for an increase in budget allocation from the current two percent to at least 10 percent to unlock the sector’s full potential. Overall spending towards infrastructure, including devolution, for 2024 amounts to ZWL$10 trillion, comprising fiscal resources of ZWL$8,1 trillion, statutory and other resources of at least ZWL$1,4…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More