THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says data privacy and security is a top priority as the wide adoption of broadband has created new security concerns and challenges. This comes as the adoption of digital technology has been marred by cybercrime. According to the Potraz 2022 Consumer Satisfaction Survey, consumers are wary…
MASHONALAND Holdings (Mashold) says its health sector portfolio will increase from one percent to five percent after the completion of the Milton Park Day Hospital project in the next two months. This comes after the property concern secured an agreement to develop and lease a hospital at one of its properties in Milton Park Harare.…
DIVERSIFIED manufacturer Zimplow says its sales volumes of local agricultural machinery under its Mealie Brand subsidiary improved by 70 percent in comparison to the prior year. In a trading update for the five-month period ending May 31, 2023, Zimplow chief executive Vimbayi Nyakudya, however, said sales volumes for the export market had reduced by 38…
MIKE Kamungeremu was last week re-elected as president of the Zimbabwe National Chamber of Commerce (ZNCC) at the chamber’s annual congress in Victoria Falls before promising to fight for business concerns in the current challenging operating environment in the country. Chalton Chambira, Holiday Inn Bulawayo’s general manager, was also re-elected as the chamber’s vice president.…
THE current exchange rate volatility being experienced in the country is temporary as economic fundamentals are still very strong, a senior Reserve Bank of Zimbabwe (RBZ) official has said. RBZ director for economic research and policy Nebson Mupunga told the just-ended annual congress of the Zimbabwe National Chamber of Commerce (ZNCC in Victoria Falls that…
THE decision by the government to accept 50 percent of foreign currency corporate tax obligations in the Zimbabwe dollar (ZWL) will help reduce inflationary pressures, but more needs to be done to boost market confidence in the local unit, analysts say. The Treasury recently announced the measures in a bid to stimulate demand for the…
BUSINESS is now reasonably confident that the upcoming harmonised elections will not destabilise the country and its economy. A number of upbeat economic experts who spoke to The Financial Gazette this week also said that they did not anticipate any more significant policy pronouncements by authorities between now and the elections. The chief executive of…
AMALGAMATED Regional Trading Holdings (Art) says it will continue to utilise banks to establish financing facilities to maximise the capabilities of its new Kadoma Paper Mill (KPM). In 2022, Art committed US$10 million to triple the capacity of tissue production while also enhancing quality at KPM to diversify the group’s income streams. “The strides taken…
THE Zimbabwe dollar appreciated against the greenback this week marking the first time it has done so after a sustained period of successive losses. The US dollar traded at $6 327 down from $6 927 the previous week after going for $4 869 in the first week of June when the wholesale auction system came…
NYANZA Light Metals (Nyanza)’s R14 billion titanium oxide plant is due to start early next year, as the company has signed an engineering, procurement and construction (EPC) contract with East…
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