MOUNTING expenses saw General Beltings Holdings (GB Holdings) operational profit deteriorate 58 percent year-on-year to US$53 000 in the six months to June 30, 2026, compounded by increased competition from cheaper imports. The group was further constrained by working capital shortages which impacted overall sales performance during the period. The group’s operating profit fell from…
SIMBISA Brands (Simbisa) paid US$2,1 million in fast-food tax in the year ended June 30, 2026, as increased taxation, energy costs and employee expenses continued to weigh on the fast-food operator’s margins. The Victoria Falls Stock Exchange-listed firm, also with strong market presence in Kenya and eight other African countries, previously paid US$0,9 million in…
Mishma Chakanyuka THE Small and Medium Enterprises Development Corporation (SMEDCO) says a national database of micro, small and medium enterprises (MSMEs), currently under development, will improve access to government support and inform policy-making in the sector. In his remarks at the National MSMEs Database Stakeholders’ Workshop, SMEDCO chief executive Obert Ngwenya said the database would…
GOVERNMENT is buying grain from local farmers to replenish its strategic reserve ahead of an anticipated El Niño-induced drought. Zimbabwe is bracing for a dry and erratic 2026-27 rainfall season, with a strong El Niño weather pattern expected to bring below-normal rainfall, prolonged dry spells and higher-than-normal temperatures. Addressing the media in Harare, permanent secretary…
THE International Labour Organisation (ILO) has called for an enabling environment that allows enterprises and workers to benefit from the transition to formalisation. Zimbabwe’s formalisation programme seeks to integrate the country’s large informal sector, which accounts for more than 76 percent of economic activity, into the regulated economy. Speaking at the recent Employers’ Confederation of…
INNSCOR Africa (Innscor) has committed US$139 million to capital expenditure in the 2027 financial year as it steps up investment in production capacity across its businesses. The latest major capital push is aimed at strengthening its capacity to meet growing consumer demand and consolidate its leading market position in the light manufacturing and fast-moving consumer…
THE Employers’ Confederation of Zimbabwe (Emcoz) has called for the need to translate macroeconomic stability into economic improvements that can be felt across businesses. This comes as Zimbabwe is enjoying a period of relative macroeconomic stability, marked by single-digit inflation and a steady domestic currency. Speaking at the Emcoz 44th annual congress and annual general…
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…
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…
MASHONALAND Holdings is shifting towards phased, demand-led property developments and the refurbishment of existing assets as high construction costs and limited access to affordable long-term funding constrain new projects. In a statement accompanying its financial results for the six months ended June 30, 2026, board chairperson Grace Bema said the group was prioritising occupancy, tenant…
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