AFRICAN Sun Limited (Afsun) says outlook for the tourism sector remains uncertain as disruptions from the Covid-19 pandemic have persisted. In a trading update last week, the hospitality group said the contagion had brought about uncertainties, which makes it difficult to forecast future performance, even in the short to medium term. “The group anticipates continued…
ONE common way to make money on the stock market would be to bet on a roaring rebound in the local economy, as aggregate demand improves and pushes up top and bottom-line figures of listed companies. But here is a sage piece of investment advice you might not usually find in any tip-sheet, newsletter or…
EXPANSION of the Hwange Thermal Power Station is progressing steadily with 67 percent of the works now complete. The US$1,5 billion project is a joint venture between Sino Hydro Mauritius which holds a 36 percent stake and Zimbabwe Power Company with 64 percent, through a company called Hwange Electricity Supply Company. The project which will…
Italy beat Spain on penalties to reach the Euro 2020 final after an enthralling semi-final at a noisy Wembley. After Alvaro Morata’s penalty was saved, Jorginho strolled up to score and set up a final with either England or Denmark in London on Sunday. Federico Chiesa looked as if he had sent Italy – who…
Sprinter Sha’Carri Richardson will not run in the US Olympic 4×100-metre relay team after she accepted a one-month ban for testing positive for cannabis. The 21-year-old won the 100m at the US Olympic trials in Oregon in June and earlier this year ran the sixth-fastest time in history. Supporters of the Texan had hoped she could…
GLOBALLY, hospitals are buckling under a torrent of Covid-19 patients. It appears that vaccines are the only way out of this as they can reduce deaths by protecting the vaccinated directly by stopping them from becoming ill and offering indirect protection to the unvaccinated. Following a surge in Covid-19 cases, Zimbabwe has moved to level…
THIS is the first of a two-part series focusing on grower contracts in the tobacco industry. In the first part, I will deal with the most pertinent provisions that a grower contract should include. The second instalment will explain how tobacco contractors can recover their dues in foreign currency as opposed to local currency. With…
ZIMBABWE could be losing millions of dollars to illicit financial flows (IFFs) through virtual currencies that are not regulated by the central bank, market experts said. The Reserve Bank of…
BUSINESS says while it understands the need for the re-introduced hard national coronavirus lockdown, any further tightening and prolonging of these measures will hurt commerce and industry and also retard the country’s economic re- covery. Speaking to The Financial Gazette yesterday, in the wake of the country’s tight- ened Covid-19 regulations — which saw a…
THE Insurance and Pensions Commission (Ipec) says Securities and Exchange Commission of Zimbabwe (SECZ) guidelines on the valuation of suspended fungible stocks, Old Mutual (OM) and PPC, have eliminated inconsistencies that had emerged among pension funds. Earlier this year, the regulator raised a red flag over inconsistencies in valuations, pointing out that pension funds’ aggregate…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More