THE Tobacco Industry Marketing Board (TIMB) says it is working towards decarbonising tobacco production in line with Environment, Social and Governance investing (ESG). This comes as international pressure for carbon-neutral treatment of the ‘golden leaf’ has been rising. ESG is a set of standards that govern how companies and funds ensure that they are responsible…
A THIRD Exchange Traded Fund (ETF) is in the offing for Zimbabwe’s capital market following the introduction of a second one this week, the Securities and Exchange Commission (SecZim) has revealed. ETFs are managed funds that track the performance of a specified security, which include but are not limited to equity indices, commodities and currencies.…
PRINCIPALS of the budding Victoria Falls Stock Exchange (VFEX) say mining companies are expected to drive new listings on the US$-denominated market in 2022, taking advantage of the bourse’s incentives to meet their capital demands. This comes after VFEX’s parent company, the Zimbabwe Stock Exchange (ZSE), this week welcomed a new Exchange Traded Fund (ETF)…
THE directors of CBZ Holdings (CBZ) are seeking shareholder approval to conclude the acquisition of a 31,2 percent stake in First Mutual Holdings (FML) shares held by the National Social Security Authority (NSSA). In a Zimbabwe Stock Exchange filing last week, the financial services group said it had reached an agreement with the state pension…
UNIFREIGHT Africa (Unifreight) says it will invest in new vehicles during the current reporting season to improve service delivery and efficiency. This comes after the logistics company suffered a loss after tax of $185 398 for the half year to June 30, 2021 from a profit of $10 400 in the prior year. Its revenue,…
CLOTHING retailer Truworths says it will adopt a cautious approach in granting credit to customers as it focusses on growing profitability by increasing cash sales. In a statement accompanying the group’s financial results for the year to July 11, 2021, chief executive Bekithemba Ndebele said the company’s revenue declined to $286 million compared to $342…
Issues surrounding The farming season is upon us. This means that various crops are now in the fields including maize and tobacco. This also means that the seasonal question of how and why one must insure their crops has to be addressed as well. In this article, I will deal with tobacco insurance in light…
SEED CO says its profit margins have been dampened by the growing gap between the official and parallel market exchange rates. This comes as a number of businesses, including RioZim and Ariston Holdings (Ariston), have suffered the same fate due to the country’s currency disparities and “harsh” exchange controls. The Reserve Bank of Zimbabwe’s auction…
THE Environmental Management Agency (EMA) says the continuous imposing presence of the Covid-19 pandemic and the ultimate impact of the lockdowns in 2021 increased demand and pressure on natural capital, as more people used the environment as a socio-economic safety net. In a statement this week, EMA said the increased pressure on the environment resulted…
THE United Nations Food and Agriculture Organisation (FAO) says a regional agricultural policy it is implementing with SADC countries will boost livestock and crop producers’ access to markets through improvements…
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