STARAFRICA Corporation (StarAfrica) is seeking to contain rising operational costs driven by higher production volumes as it moves to strengthen profit margins.The group’s operations include manufacturing, distribution, and marketing of sugar-based products through its business units, Goldstar Sugars and Country Choice Foods. In its annual report for the year ended March 31, 2025, the group…
By Ephias Ruhode A PIECE in a local daily titled “AI Wildfire: A memo to Zimbabweans,” (https://www.heraldonline.co.zw/ai-wildfire-a-memo-to-zimbabweans/), on October 17, by one Dr Evans Sagomba raises vital questions about artificial intelligence (AI). It highlights real risks and the urgent need for oversight as these technologies sweep across the globe. This cautionary perspective is valuable, especially…
UNIFREIGHT is focusing on diversifying revenue heads through accelerating its regional offensive, scaling up its (fourth-party logistics) 4PL division, and expanding its fleet to meet demand capacity for the upcoming 2026 tobacco season.The transport and logistics firm has been steadily growing its domestic operations and now sees regional expansion as a low hanging fruit to…
I CONTINUE to see people equate being qualified with having the capacity to do the job well. This thinking is misguided. The fact that employers interview candidates who already have the required qualifications and experience is itself proof that having paper qualifications alone does not mean someone can perform the job well. If qualifications and…
EXPERTS are urging Zimbabwe to look beyond upbeat macroeconomic figures and focus on ensuring that any reported progress is genuinely felt across the economy.It comes as Zimbabwe’s economy is projected to be among the fastest-growing in southern Africa in 2025, according to the latest International Monetary Fund (IMF) World Economic Outlook.The report estimates a six…
Kavango Resources has announced confirmation of an open-pit gold deposits at the Nightshift Prospect on its Hillside Gold Project in Zimbabwe.A preliminary JORC-compliant Mineral Resource Estimation has exceeded Kavango’s expectations, and the company considers constructing an upgraded 300 tonne-per-day (tpd) gold processing plant at Bills Luck Gold Mine, at the Hillside Project, up from the…
PADENGA Holdings (Padenga) reported a marginal decline in the carrying value of its property, plant, and equipment (PPE) for the half-year ended June 30, 2025, reflecting lower asset additions and continued depreciation charges.The group’s PPE closed the period at US$94,27 million, down from US$95,52 million as at December 31, 2024.“During the six months ended June…
NEWLY appointed Old Mutual Limited (Old Mutual) chief executive, Jurie Strydom, has commended the Zimbabwean government for stabilising the macro-economic environment, which is crucial for attaining the group’s growth plans.Strydom, who took the helm of Africa’s largest insurer by assets in June this year, is in the country this week where he met strategic group…
UNITHOLDERS of Tigere Real Estate Investment Trust (REIT) are set for a crucial vote to decide on the addition of two income-producing assets to its portfolio during an extra-ordinary general meeting (EGM) slated for November 3, 2025.Terrace Africa Asset Management, the REIT’s managers are targeting the acquisition of Greenfields Retail Centre on a leasehold basis…
This week, hundreds of experts and professionals, drawn from various sectors — both in Zimbabwe and internationally — converged in Victoria Falls for the 62nd edition of the Safety and Health at Work (SHAW) Conference, organised by the National Social Security Authority (Nssa). The Financial Gazette had the opportunity of speaking with Nssa’s chief executive…
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