THE Competition and Tariff Commission (CTC) says the government should establish a funding facility for the textile industry to encourage the production and uptake of local content. This comes as the Ministry of Industry and Commerce engages the sector on implementing the Local Content Development Strategy 2026–2035. In an interview with The Financial Gazette, CTC…
ZIMBABWE’S textile and clothing industry, once a major employer, has seen capacity utilisation fall below 30 percent in some segments, as the competition watchdog proposes phased local content increases to revive the value chain. Competition and Tariff Commission (CTC) spokesperson Prosper Ziyadhuma said the sector’s decline since the 2000s has been driven by outdated machinery,…
ARISTON Holdings (Ariston) is investing in technology-enabled farming and value-addition initiatives to improve competitiveness and protect margins amid rising costs and operational challenges. In a trading update for the first quarter ended December 31, 2025, the group said the domestic operating environment remained difficult as input costs and broader economic pressures continued to weigh on…
NMBZ Holdings says strict credit management systems helped reduce non-performing loans to 3,14 percent despite growing pressure on retail borrowers, with agriculture remaining the bank’s largest lending sector. The non-performing loan (NPL) ratio is a key measure of banking sector health, reflecting the proportion of loans where borrowers have failed to meet repayment obligations over…
PROPLASTICS recorded a year on year 35 percent increase in sales volumes to 1 861 tonnes in the first quarter to March 31, 2026, driven by infrastructure projects across Zimbabwe and the region. Production volumes rose 22 percent during the quarter, enabling the company to meet orders and replenish fast-moving inventory, while margins remained stable…
ZIMBABWE’S publicly listed equities reached US$8,55 billion in market capitalisation as at March 31, 2026, double the US$3,8 billion recorded in the same period last year. In its first quarter trading update, Zimbabwe Stock Exchange Holdings (ZSEH) said the ZiG exchange rate held steady at around 25,57 per US dollar, enhancing investor confidence and market…
WEAKER than expected tobacco auction floor prices have dampened farmers’ hopes of translating this season’s high output into meaningful earnings. Experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — said this week that increased global supply, subdued demand, limited buyer competition and…
THE Competition and Tariff Commission (CTC) has proposed gradually raising local content thresholds for soaps and detergents, currently at 25,8 percent and 16,6 percent, as sector capacity utilisation remains between 30 percent and 60 percent. Local content refers to policies requiring a share of inputs, labour, goods, services, and domestic knowledge or technology to be…
COUNTERFEIT seeds and delayed government payments to seed farmers are hurting the oilseed industry, resulting in lower yields, the Oil Seeds Association of Zimbabwe (OSAZ) has said. This comes as the country’s oilseed sector is undergoing a major shift aimed at reducing its heavy reliance on imported crude vegetable oil and achieving domestic self-sufficiency. The…
HR Perspective with MEMORY NGUWI PERFORMANCE management is one of the most talked about management practices in organisations today, yet it is also one of the most misunderstood and poorly…
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