CBZ Holdings (CBZ) is preparing for a major regional expansion, with plans to enter South Africa, followed by Botswana and other key markets.The financial giant aims to tap into high-growth opportunities while leveraging partnerships, joint ventures, and mergers and acquisitions to strengthen its presence beyond Zimbabwe.CBZ Group chief executive, Lawrence Nyazema, confirmed that South Africa…
Gold hit a record at the start of the new quarter as a major escalation in US President Donald Trump’s trade tariffs due this week heightened concerns about the global…
The South African Revenue Service (Sars) says lower-than-expected collections were received from cigarettes compared to other excise products for the 2024 fiscal year. Total revenue collected from specific excise duties –…
Hiring at US companies accelerated last month, rebounding from a weak February marked by severe weather in some regions of the country. Private-sector payrolls increased by 155 000 in March,…
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 unintended consequence…
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 in…
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 the weekend,…
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 TrenTyre.Zimplow…
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