Page 96 – The Financial Gazette

Diversification to revamp Mealie Brand

Prisca Tshuma, Staff WriterOctober 16, 202501.4K views

ZIMPLOW anticipates that its strategic expansion of Mealie Brand from agricultural implements into mining equipment will begin delivering positive results in the second half of the year.Mealie Brand, wholly owned by Zimplow, manufactures and distributes high-quality agricultural implements and spares, including animal- and tractor-drawn farm equipment and home garden tools.The group views the country’s thriving…

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Dutiro appointed Nedbank chairman

Staff WriterOctober 16, 202501.6K views

NEDBANK Zimbabwe has appointed Innocent Dutiro as its non-executive chairman taking over from Shepherd Shonhiwa who retired with effect from September 12, 2025.Dutiro has over 30 years of experience in…

LPG use nears 90 million kgs

Almot Maqolo, Staff WriterOctober 15, 20250736 views

ZIMBABWE’S consumption of liquefied petroleum gas (LPG) increased by 89 percent to 89,59 million kilogrammes (kgs) in the first eight months of 2024 compared to 47,42 million kgs in the same period last year, according to the Zimbabwe Energy Regulatory Authority (Zera).This trend highlights a significant shift in the country’s energy consumption patterns, driven primarily…

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SA to miss growth target on slow reforms – Moody’s

Staff WriterOctober 15, 20250855 views

South Africa’s gradual structural reforms are breathing life into the economy, but aren’t sufficient to lift the growth rate to the government’s 3.5% target, according to Moody’s Ratings. Africa’s largest…

‘Bitcoin Jesus’ pays nearly $50m to end US tax case

Staff WriterOctober 15, 20250768 views

Roger Ver, the cryptocurrency advocate known as “Bitcoin Jesus,” has paid nearly $50 million to resolve a US tax evasion indictment without having to admit he committed a crime. Prosecutors…

South Africa signs trade protocol to export stone fruit to China

Staff WriterOctober 15, 20250724 views

South Africa’s agriculture minister signed a trade protocol with China to export five types of stone fruit to the Asian country for the first time. The agreement signed by John…

JSE boss urges investors to back small and mid-cap firms

Staff WriterOctober 15, 20250659 views

Johannesburg Stock Exchange (JSE) CEO Dr Leila Fourie has called for greater risk appetite among investors to support small and mid-cap companies – the real engines of job creation in…

Former Kenyan Prime Minister Raila Odinga dies aged 80

Staff WriterOctober 15, 20250529 views

Former Kenyan Prime Minister Raila Odinga has died at the age of 80, family sources have told the BBC. Odinga died on Wednesday while receiving medical treatment at a hospital in India. Indian police told the AFP news agency that he was walking with family members and a personal doctor “when he suddenly collapsed”. He…

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Pension contribution arrears soar

Prisca Tshuma, Staff WriterOctober 15, 20250828 views

THE Insurance and Pensions Commission (Ipec) has raised alarm over the continued rise in pension contribution arrears, which grew by 18,84 percent in the second quarter of 2025, reflecting persistent defaults by sponsoring employers.Ipec’s pensions report for the quarter ended June 30, 2025 shows arrears increased to US$110,43 million, up from US$92,92 million in the…

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Liquidity squeeze chokes Turnall

Prisca Tshuma, Staff WriterOctober 15, 20250946 views

TURNALL Holdings (Turnall) revenue for the half-year ended June 30, 2025 declined by nine percent to US$5 million from US$5,5 million a year earlier as liquidity constraints in the economy weighed heavily on consumer demand.The Reserve Bank of Zimbabwe (RBZ) has been keeping a hawkish eye on money supply by maintaining interest rates higher at…

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Iran conflict clouds South African economic outlook, Sarb says

BancABC rebounds to ZiG194 million profit

FBC Holdings posts US$30 million profit

Diversification to revamp Mealie Brand

Dutiro appointed Nedbank chairman

LPG use nears 90 million kgs

SA to miss growth target on slow reforms – Moody’s

‘Bitcoin Jesus’ pays nearly $50m to end US tax case

South Africa signs trade protocol to export stone fruit to China

JSE boss urges investors to back small and mid-cap firms

Former Kenyan Prime Minister Raila Odinga dies aged 80

Pension contribution arrears soar

Liquidity squeeze chokes Turnall