JSE-listed pharmacy and beauty group Clicks Group Limited has expanded its presence in South Africa’s high-end personal care market after taking majority control of specialist beauty retailer ARC Store for…
Prisca Tshuma CONSTRUCTION group ZimBuild says its Eastworlds Youth Housing Project in Mvurwi is expected to help ease Zimbabwe’s housing backlog. The project was launched at a groundbreaking ceremony last week attended by President Emmerson Mnangagwa, Vice-President Kembo Mohadi, parliamentarians, government officials, business leaders and construction industry players. ZimBuild chief executive officer Tinashe Manzungu told…
ZIMBABWEAN financial advisory, Bard Santner Inc, which specialises in asset management, corporate finance, wealth management and remittances, is handling the historic US$1.6 billion Initial Public Offering (IPO) for the Dangote…
THE financial sector has been urged to move away from lending models based on historical performance and traditional collateral, as the industry’s long-term survival depends on its ability to finance emerging and competitive industries. Banks have traditionally relied heavily on past performance and rigid collateral requirements, including substantial commercial property, which have often limited access…
A PARLIAMENTARY committee on industry and commerce has identified the mandatory fortification of sugar with Vitamin A as a significant cost burden undermining the competitiveness of local producers against countries without similar requirements. The country’s sugar industry, anchored by two mills owned by Tongaat Hullett in the South-East Lowveld, is a strategic contributor to employment,…
Prisca Tshuma and Mishma Chakanyuka ZIMBABWE’s economic growth is poised to decelerate, as the country faces the dual threat of the projected Super El Niño weather pattern and escalating geopolitical tensions in the Middle East. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce —…
THE modernisation project for the Chirundu Border Post connecting Zimbabwe and Zambia worth US$66,8 million has reached financial close, allowing construction work to commence under a 20-year concession. This comes after a 2025 survey recorded average crossing delays of 15 hours at the facility, with vehicle queues and customs clearance accounting for over 80 percent…
ZIMBABWE’S milk production climbed seven percent in the first eight months of 2026 on the back of good weather conditions and improvements in farm-level support. Output rose to 83,74 million litres between January and August up from 78,33 million litres in the same period last year, according to the Dairy Services Department in the Ministry…
News Editor LISTED companies must deliver adequate returns on equity or face intense shareholder scrutiny, the judges of the prestigious Top Companies Survey (TCS) say. Speaking in Harare last week, at the oversubscribed 2026 TCS awards gala event, the chairperson of the accolades’ adjudication committee, Prosper Tafadzwa Matiashe, added that listed companies needed to perform…
THE National Competitiveness Commission (NCC) says Zimbabwe must adopt a transformative approach to strengthen production capacity, foster innovation and improve the business operating environment if the country is to compete effectively in regional and global markets. Zimbabwe launched its National Competitiveness Strategy (2026-2030) this month to promote business growth and improve the country’s competitiveness. In…
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