PROPLASTICS has warned that a Treasury directive to pay suppliers exclusively in ZiG will exert pressure on its value chain and broader currency stability. The policy seeks to entrench the use of the local currency, tighten public spending controls and ensure value for money. “The continued alignment of fiscal and monetary policies on this matter,…
ZIMPLOW Holdings (Zimplow) has reopened discussions with prospective buyers for a US$3,2 million Harare property after terminating an earlier sale agreement approved by shareholders. The move forms part of the group’s strategy to recycle capital from non-core assets into higher-return operational investments. The Victoria Falls Stock Exchange-listed company had previously entered into an agreement with…
STANBIC Bank recorded a 39 percent increase in customer deposits to ZiG20,9 billion for the year ended December 31, 2025, driven by improved customer acquisition, rising market confidence and enhanced deposit mobilisation efforts. The strong deposit growth comes amid a stable macroeconomic environment marked by easing inflation and tighter liquidity controls. The bank’s performance was…
UNIFREIGHT Africa (Unifreight) plans to shore up its fleet and capacity this year as it races to grow tobacco haulage volumes to over 100 million kilogrammes (kgs) in 2026 from 84 million kgs transported in 2025. The transport and logistics firm will acquire an additional 70 trucks in the operating plan to meet a target…
GETBUCKS Microfinance Bank (GetBucks) says it is targeting to complete the revamping of its information communication technology (ICT) systems by the end of the second quarter this year. Through investing in these digital upgrades, the deposit-taking micro lender wants to expand market share and remain competitive. “The bank will look to improve operational efficiencies as…
FBC Holdings recorded a 69 percent increase in profit after tax to ZiG789,1 million for the year ended December 31, 2025, driven by strong growth in core income streams. Income from lending, transactions and payment processing rose 34 percent and now contributes over 80 percent of total revenue. “These results underscore the group’s resilience in…
ECONET InfraCo has announced the development of a multimillion-dollar luxury resort in Victoria Falls as part of the billion-dollar infrastructure platform’s broader strategy to expand into high-end tourism infrastructure. The…
GLOBAL oil prices have fallen sharply and stock markets have jumped after the US and Iran agreed to a conditional two-week ceasefire deal that includes the reopening of the key…
Experiencing the Eiffel Tower can be a crowded affair – about 7 million people visit each year – but now you can enjoy a part of this majestic French monument in your…
By Mpho Hlakudi and Khuleko Siwele, Bloomberg South Africa’s rand soared, government bond yields tumbled and stocks jumped the most in six years as investors piled back into emerging-market assets that…
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