The recently introduced Labour Amendment Act has brought about measures that may make it more difficult to summarily terminate contracts of employment. I anticipate that this will increase employers’ willingness to mutually terminate contracts instead of going through the drudgery of disciplinary proceedings, if it can be avoided. In this week’s article, I will explore…
ZIMRE Holdings (Zimre) says its strategy and focus is consolidating its growth position in the southern African region and strengthening capital before it pursues more investments further up to eastern and western Africa. The diversified group is growing its business interests in Angola and has been registered to trade in Tanzania and Kenya. It also…
Over the years, the London Interbank Offered Rate of Exchange (LIBOR) has been the most frequently used benchmark for short-term interest rates, affecting trillions of dollars in financial products of different currencies with maturities ranging to over 15 years around the world. The LIBOR is a basic rate of interest used in lending between banks…
SEEDCO says with El Niño weather conditions expected for the upcoming summer season, it will bank on placement of appropriate varieties in the right markets. Droughts are becoming a regular occurrence due to climate change and SeedCo says its performance is now backed by the production of climate-smart seeds. “We have been following the early…
DELTA Corporation (Delta) says consumer spending has remained firm despite the currency volatility and inflation witnessed lately in the economy. High inflation is generally associated with reduced disposable income and a drop in consumer demand. The country’s annual inflation slowed to 101,3 percent in July from 175,8 percent in June as the local currency…
ALTHOUGH business is anticipating a sizeable supplementary budget from Finance minister Mthuli Ncube in his upcoming mid-term review, it is not expecting any major policy changes then. This comes as the country is currently enjoying a measure of economic stability, on the back of the cocktail of policy interventions taken by authorities over the past…
NATIONAL Breweries (Natbrew), a unit of Delta Corporation, says it continued implementing its turnaround strategy during the second half, which saw the launch of a new product offering, Chibuku Super Banana. The firm said the strategy also saw continued expansion of depot footprint in strategic areas around the country and deployment of competitive packs to…
THE World Business Council for Sustainable Development (WBCSD) — a CEO-led organisation of over 200 international companies — has urged Zimbabwe to integrate value chains to help deal with environmental climate issues. It comes as the country has lately grappled with the realities of climate change in the form of droughts, prolonged dry spells, intense…
ZIMBABWE’S exports last year amounted to US$6,6 billion and experts say they are on course to reach this year’s target of US$7,2 billion, but concerns remain over the lack of product and market diversification. Trade development and promotion body ZimTrade believes Zimbabwe can turn back the clock to a time the country had a well-diversified…
POSB says it is working on a line of credit for exporters with the African Export–Import Bank (Afreximbank) that could be worth up to US$15 million. The bank’s divisional director for corporate and investment banking, Farai Chirikure, said POSB was already working with potential beneficiaries of the facility. “We are working with Afreximbank. They have…
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