Major moves among ZSE heavies

THE Zimbabwe Stock Exchange (ZSE)’s latest review of its Top 10 Index constituents has seen four counters being displaced from the heavies list. The list is reviewed on a quarterly basis, but could not be appraised at the end of June as trading on the market was suspended at the time. A September 30 review…

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LEGAL MATTERS: War against counterfeit goods far from over

THE rapid growth of capitalism through gigantic manufacturing industries as well as the miracle of the electronic age makes the fight against patent and trademark protection a near futile game. The appetite for affordable goods by consumers, the need for consumers to get protection against fake products, as well as the need by innovators to…

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Government finally moves on Covid-19 stimulus package

THE government says it is now ready to process applications for financing guarantees to the private sector as part of its $18 billion Covid-19 stimulus package, which was first announced five months ago. Finance minister Mthuli Ncube first announced the rescue package in May, before denoting the guidelines and modalities for accessing the funds in…

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Production costs vault up as input costs surge

FACTORY gate prices are set to rise sharply in the coming weeks and months for many goods, in response to soaring production costs — including the recent whopping 50 percent power tariff hike. Experts who spoke to The Financial Gazette this week said Zesa’s new electricity charges, among other rising input costs, would disrupt the…

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Obert Mpofu battles to keep assets

THE Supreme Court has blocked the Deposit Protection Corporation (DPC)’s bid to “submit fresh evidence and reopening of a case” in which it is seeking to transfer Zanu PF secretary for administration Obert Mpofu’s three companies into its name. This comes as the roly-poly politician has been tussling with the state-controlled entity — liquidators of…

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Landlords run out of options

FIRST Mutual Properties (FMP) says subdued economic activity in Zimbabwe, and the rising rate of property voids, is forcing landlords to charge uneconomic rentals. This comes as the country’s commercial and residential property sector is reeling from the double whammy of a long-standing economic crisis and the worsening effects of the Covid-19 pandemic. Elisha Moyo,…

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The Jamie Vardy show

Jamie Vardy scored a hat-trick as Leicester City inflicted a remarkable defeat on Manchester City to go top of the Premier League. Despite going behind to a superb fourth-minute strike by former Foxes midfielder Riyad Mahrez, the visitors responded in stunning fashion. Vardy levelled with a penalty before the break after he had been fouled…

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