THE local equities market has lost significant ground midway into the first quarter of 2025 as tight liquidity conditions and a generally underperforming economy have dampened investor activity.The country’s primary bourse, the Zimbabwe Stock Exchange (ZSE) market capitalization which peaked at ZiG 90 billion in October 2024 since rebasing has been in constant decline closing…
THE Southern Cotton Company has urged cotton farmers to increase investment in value addition, highlighting significant potential for expansion within the cotton industry.Southern Cotton Company managing director, Caos Nzenze, stated that most ginners currently sell seed from seed cotton without processing it further.“There is substantial capacity and opportunity to expand and develop value addition. At…
ZIMBABWE has the potential to significantly boost its tax revenue, up to nearly a quarter of its gross domestic product (GDP), by reforming its fiscal incentives, according to the World Bank.In its latest Zimbabwe Public Finance Review report, the bank highlighted that while the country has improved domestic revenue collection in recent years, it still…
THE legislation relating to the deferment of Value Added Tax (VAT) collection on capital goods has undergone a sea change in the last few months, with each amendment widening the circle of industries falling under this coveted privilege. Until recently, mining, manufacturing, aviation, and agriculture were the sectors that enjoyed the privilege of deferring VAT…
FIRST Capital Bank shrugged off the impact of the local currency devaluation to grow its asset base by 124 percent during the nine months to October 31, 2024 thanks to a strategic boost in foreign currency holdings.The near 43 percent devaluation of the ZiG by the authorities in September 2024 decimated the financial sector balance…
ARTIFICIAL Intelligence (AI) is changing the way businesses work all over the world, including here in Zimbabwe. Many companies struggle with tasks that need to be done over and over again, such as answering customer questions, keeping financial records, and sorting data. These jobs can take a lot of time and energy. AI can help…
COMPANIES that have a good client culture create such a focus on the client that everything and everyone throughout the organisation is on board. Where does this organisational magic come from? It all comes back to the culture.Sometimes the client-focused “way” is seen as a brand within a brand.Positive platitudes are just not enough. As companies…
OK ZIMBABWE Limited (OK Zim) says authorities should do more to ensure a fully liberalised exchange rate for the local currency in order to turn around the waning fortunes of the country’s formal retail sector.The country’s largest supermarket chain which operates brands such as OK, OKmart, Bon Marche’, and Food Lover’s Market has been battling…
Staff Writer THE Tobacco Industry Marketing Board (TIMB) is making significant strides in promoting the value addition of tobacco, a strategic move set to boost revenue from the country’s golden leaf production.As the industry adapts to shifting market dynamics, TIMB’s initiatives to enhance value-added processes are expected to improve tobacco producers’ profitability and strengthen the…
THE government is developing tailored climate resilience guidelines for state enterprises and parastatals (SEPs) to equip these organisations with effective adaptation strategies, ensuring their operations remain sustainable.By prioritising climate resilience, the government aims to strengthen the ability of SEPs to withstand environmental challenges, promote sustainable practices, and contribute to national economic stability.Speaking at a stakeholder…
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