MEIKLES says its employee costs, which made up 55 percent of operating costs, increased by 169 percent during the half year ended August 31, 2023. (more…)
ZIMBABWE’S trade deficit narrowed by 26,4 percent to US$69,6 million in October, as exports rose faster than imports, latest data from the Zimbabwe National Statistics Agency (ZimStat) shows. (more…)
NATIONAL Foods has invested US$26 million over the past two financial years, which has seen the group moving up the value chain to produce a broader range of products. (more…)
SIMBISA Brands (Simbisa) is eyeing entering into forward foreign contracts with banks and where practicable use local suppliers to substitute imported raw materials to limit the impact of exchange rate movements. (more…)
HOSPITALITY group African Sun (AfSun) says it recorded a 12 percent increase in revenue to US$14,6 million in the quarter to September 30, 2023, spurred by higher demand for conference services and the August 2023 election business. (more…)
FINANCE minister Mthuli Ncube says the risk management framework and guidelines for the public sector, which his office launched this week, will help improve transparency and accountability by efficiently managing government resources. (more…)
AMID rising local use of the greenback, many companies are increasingly reporting their financials in US dollars or seriously considering doing so going forward. (more…)
ZIMBABWE’S platinum output is estimated to have increased by 11 percent, year-on-year, during the third quarter of 2023, reaching 129 000 ounces (oz), an all-time high, according to the World Platinum Investment Council’s (WPIC) latest report. (more…)