DESPITE challenges faced by manufacturers of industrial equipment, there are still opportunities for growth due to a number of incentives in the sector, Finance minister Mthuli Ncube has said. The minister told a recent business conference that metal casting engineering is facing constraints, which include limited access to finance and foreign currency for importation of…
WILLDALE Limited (Willdale) is targeting to increase production this year in anticipation of firm demand for bricks and related materials as the construction sector is expected to continue expanding in the year ahead. In the company’s 2021 annual report, which was released last week, chief executive Nyasha Matonda said the growing appetite for modern housing…
ENVIRONMENT and Tourism minister, Mangaliso Ndlovu says the government is pursuing both local and international avenues to raise finance for climate change mitigation and adaptation. Zimbabwe has suffered significant climate disasters in recent years such as Cyclone Idai, which impacted the country’s GDP growth negatively. Climate finance is important for adaptation, as significant financial resources…
THROTTLE Clothing Company says it is expanding its regional export market into the capital city of the Democratic Republic of Congo, Kinshasa, as it targets that country’s huge mining industry. The company, which was formed in 2003, began exporting in 2016 with the assistance of trade development and promotion body ZimTrade, with Zambia as its…
Business has become an essential aspect in organised sports. Sport is popular because there is massive investment behind it. It is, after all, a business. A great example is how Chelsea Football Club has been affected in its revenue generating capacity simply because of the person who owns it and their personal associations. This week,…
THE Nedbank Group (Nedbank) last week said its Zimbabwean unit, which has been a strong contributor to performance, would be a key player for its growth strategy going forward. The group reported a solid financial performance for the financial year to December 2021, with headline earnings increasing by 115 percent to about R11,7 billion,…
ZIMTRADE says it is stepping up efforts to capacitate the creative industry to improve its competitiveness in export markets. In a recently released note, the trade development and promotion body said these engagements were expected to feed into the current national drive to diversify exports, as well as growing exports of services by at least…
REMUNERATION means any amount of income paid or payable to any person by way of a salary, leave pay, allowance, wage, overtime pay, bonus, gratuity, commission, fee, emolument, pension, superannuation allowance, retiring allowance, stipend or commutation of a pension or an annuity, whether in cash or otherwise, and whether or not in respect of services…
INDUSTRY fears that a poor agricultural harvest will put even more pressure on the country’s scant foreign currency resources, leading to higher costs of doing business and more price increases. This comes as a prolonged dry spell has resulted in moisture stress in crops, heightening concerns that the country will not be able to meet…
THE Zimbabwe Insurance and Pensions Apex Council (Zipac) has continued to lobby for concessions on trading in the suspended fungible stocks on the Zimbabwe Stock Exchange (ZSE) – PPC and Old Mutual. The industry representative body, which is the major investing constituency in the country, has long insisted that the continued suspension of the counters…
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