Elton ManguwoStaff Writer POWERSPEED Electrical Limited (Powerspeed) says the shortage of capital on the domestic market has put its expansion plans under serious threat as currency uncertainty continues to deter borrowers from long-term funding. The electrical and hardware supplier said the development was also impeding it from implementing its innovative idea and diversification of its…
NATIONAL Handling Services Zimbabwe (NHS) says starting this year, it will unlock more value from its cargo business by allowing it to operate independently while it focuses on ground-handling business as part of a long-term strategy. This comes in the face of financial pressures and shifting market dynamics. NHS is laying out an ambitious plan…
DELTA Corporation (Delta) says it is moving forward with plans to reshape its Belmont plant in the country’s second-largest city, Bulawayo, over a period of two years in a bid to improve operational efficiencies.The beverage-making company has been actively expanding its production capacity in the past few years and the efforts are beginning to pay…
SUGAR producer Hippo Valley Estates (Hippo Valley) plans to increase its operational efficiency and boost cash generation as it seeks to ease pressure on borrowings. The Zimbabwe Stock Exchange (ZSE)-listed group had net borrowings of US$10,9 million in the six months ended September 30, 2024 which was 16 percent above the comparable period prior year…
GEO Associates, an exploration company that is 80 percent owned by Invictus Energy has been granted a three-year extension to its Special Grant 4571 in Zimbabwe’s Cabora Bassa Basin paving the way for exploration and other works programmes. “the Minister of Mines and Mining Development, with the authorisation of the President, has, in terms of…
THERE is growing momentum in green building practices within the country’s construction industry, according to the Zimbabwe Building Contractors Association (ZBCA).Green building is gaining prominence as the sector strives to reduce its environmental impact and embrace sustainability.ZBCA president, Tinashe Manzungu, highlighted that local banks now require green building components as a prerequisite for infrastructure project…
A turnaround in the finances of Eskom has won praise from investors but they are keeping their eyes on one issue — the company’s struggle to recoup some $5 billion in unpaid electricity bills from cities and towns across the country. It’s a debt pile that continues to mount as municipalities themselves fall behind in…
Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts. The consumer price index excluding food and energy is seen rising 0.2% in December after four straight months of 0.3% increases,…
Apple’s board has asked its investors to vote against a proposal to end its Diversity, Equity, and Inclusion (DEI) programmes. It comes after a conservative group, the National Center for Public Policy Research (NCPPR), called on the technology giant to abolish its DEI policies, saying they expose firms to “litigation, reputational and financial risks”. Apple’s…
Greetings to all at the start of a new year which I hope will bring you lots of good things! As a consequence of the festive holiday period when the whole of South Africa seems to close down for nigh on a month, I haven’t had any new models to test, so I’ll kick off…
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