UNIFREIGHT Africa (Unifreight) extended its lead over other Zimbabwe Stock Exchange (ZSE) counters during the second quarter of 2021, as it more than doubled its year-to-date gains to 15 000 percent, 8 500 percentage points ahead of second-best performer GetBucks MicroFinance Bank. Analysts say the logistics company’s exaggerated gains have been driven by an ongoing…
THE directors of Zimre Holdings (Zimre) are seeking authority to purchase the group’s shares, having found working capital and reserves at hand adequate to sustain operations for the foreseeable future. Companies typically buy back their own shares when they have cash on hand and the stock market is on an upswing, a situation which a…
ZIMBABWE must open up its economy to international trade and private capital to become a premium investment destination. Speaking in the capital recently, chief executive of Singapore Cooperation Enterprise (SCE), Wy Mun Kong, also urged authorities to take a leaf from the Asian country by implementing policies that attract more private capital. “Such a radical…
MINES and Mining Development minister Winston Chitando is under renewed pressure from Parliament for the exploitation of Lupane-Lubimbi coal bed methane gas resources. This comes as Bulawayo legislator Thokozane Khupe moved a motion in the House last week, calling on the government to finalise the issue of partnerships for the exploitation of methane gas in…
THE government says it will step up its engagement with the private sector and development partners to improve service delivery by agriculture extension workers across the country. Agricultural extension work has been facing a number of challenges including inadequate technical and logistical capacity and access to information and communication technologies. “I encourage staff within my…
OVER the past year and a half, the Covid-19 pandemic has turned our lives upside down. We have lost colleagues, friends and family. Our routines have been unsettled. Life is just no longer what we were used to. On the business side of things, supply chains have been disrupted and, in some instances, entire businesses…
THE Cotton Company of Zimbabwe (Cottco) says it expects to buy 68 000 tonnes more cotton from farmers this year, compared to the previous season, on the back of improved rainfall and availability of inputs. In a trading update for the first quarter ended June 30, 2021, the company said it was targeting an intake…
THE Zimbabwe Stock Exchange (ZSE) extended its lead over regional markets with gains of 38 percent during the second quarter of 2021, 18 percentage points ahead of the second best — the Ghana Stock Exchange (GSE). The ZSE gained 148 percent during the first half, compared to the GSE’s returns of 36 percent, and third…
DELTA Corporation (Delta), says it is optimistic that Zimbabwe will soon relax Covid-19 restrictions, resulting in a rebound to business activity, on account of the significant progress made in the rollout of vaccines in the country. With a million people already inoculated, Zimbabwe is scaling up its vaccination programme as it aims to inoculate at…
THE government is offering tax deferments and duty rebate to support struggling companies hit hard by the coronavirus pandemic. Local firms were already reeling under operational pressures arising from limited access to fresh capital long before the pandemic broke out. “The ministry is providing an enabling environment by assisting companies to access funding through IDC,…
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