LEADING automotive dealer CFAO Mobility is seeking to expand Suzuki’s presence in the local market with the launch of the new Suzuki Across mild-hybrid SUV, targeting consumers looking for affordable premium vehicles. The company says the launch of the Suzuki Across, which retails at US$34 000, forms part of a broader strategy to strengthen the…
CFI Holdings’ profit margins for the six months to March 31, 2026, were subdued due to heightened competition from the informal sector, which continued to exert downward pressure on pricing and profitability. This mirrors the dynamic shift in the economy where widespread informality is posing viability threats to formal businesses by setting lower price points.…
RENOWNED economist Eddie Cross has warned that the escalating Afrophobic violence gripping South Africa is a catastrophic flashpoint that could destabilise the entire region. Speaking on Vantage, the flagship current affairs programme on leading national independent television station, 3Ktv, the former government official told Group Editor-In-Chief Guthrie Munyuki on Thursday night that the unfolding crisis…
OLD Mutual Zimbabwe (Old Mutual) is set to migrate its secondary listing from the Zimbabwe Stock Exchange (ZSE) to the Victoria Falls Stock Exchange (VFEX), six years after trading in its shares was suspended, the company has said. The migration, which remains subject to regulatory approvals, is expected to restore a formal trading platform for…
ZIMBABWE’s gold deliveries surged to their highest monthly level this year in June, driven by record output from small-scale miners, strengthening prospects for export earnings and foreign currency inflows. Latest figures from Fidelity Gold Refinery, the country’ sole gold buyer, show that purchases climbed to 4,81 tonnes in June, up 21,7 percent from 3,95 tonnes…
STRONG activity on the Victoria Falls Stock Exchange (VFEX), stability on the Zimbabwe Stock Exchange (ZSE) and rising equity valuations were a major driver of insurance sector profits during the first quarter of 2026, according to the Insurance and Pensions Commission (IPEC). The sector enjoyed a sharp rise in profitability during the period, but the…
THE Zimbabwe Mercantile exchange (ZMX) has signed a memorandum of understanding with Russia’s Saint Petersburg International Mercantile Exchange (SPIMEX) to strengthen commodity market cooperation between the two countries. Speaking at the signing ceremony this Monday, ZMX chief executive, Collen Tapfumaneyi, said this cooperation will cover the exchange of commodity market development strategies, knowledge sharing and…
TRADING in shares of First Mutual Properties (FMP) on the Zimbabwe Stock Exchange (ZSE) has been terminated following the company’s voluntary delisting from the bourse. The termination of listing took effect on July 2, 2026, after shareholders approved the move at an extraordinary general meeting held on June 2. The delisting was conducted in line…
THE Insurance and Pensions Commission (IPEC) says it is finalising a framework for the compensation of pension fund members who lost the value of their savings during the 2009 dollarisation, with amendments to Statutory Instrument (SI) 162 of 2023 expected to clear the final regulatory hurdle. In a recent interview, IPEC commissioner Grace Muradzikwa said…
THE Insurance and Pensions Commission (IPEC) says liquidity conditions in the funeral assurance sector remained under pressure during the quarter ended 31 March 2026, with four entities recording current ratios below the breakeven point. In its First Quarter 2026 Funeral Assurance Sector Report, IPEC said the sector’s weighted average current ratio declined from 1,1 times…
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