PLAYERS in the clothing industry have voiced strong opposition to the increase in import duty on polyester and polycotton fabrics, warning this will jeopardise recent gains in the sector. In the 2026 budget, Finance Minister Mthuli Ncube proposed an increase in import duty on certain fabrics, specifically polyester staple fibre and dyed woven cotton, to…
HIPPO Valley Estates (Hippo Valley) has urged authorities to strengthen restrictions on imported sugar to safeguard the local industry, which currently has sufficient stock levels. While Zimbabwe, in 2024, banned the importation of sugar, there has been a marked increase in smuggled foreign sugar brands on the domestic market, presenting unfair competition for local producers.…
AMALGAMATED Regional Trading (ART) Holdings is relying heavily on its ongoing restructuring efforts, initiated last year, to drive its recovery. The company believes that these strategic changes will help restore stability and pave the way for future growth. The Zimbabwe Stock Exchange (ZSE)-listed industrial concern, which manufactures batteries, pens, stationery, tissues, hygiene products, and structural…
EDGARS Stores (Edgars) plans to produce 1,5 million clothing units next year, representing a 275 percent increase from this year’s production of 400 000 units, supported by investments in factory equipment. Before the capacity expansion programme started three years ago, Edgars was producing around 58 000 units annually. The Victoria Falls Stock Exchange (VFEX)-listed clothing…
CABLE manufacturer CAFCA has shifted from using consignment stock deliveries in export markets to a cash-based model to improve cash flow and minimise exposure to foreign debtors. A consignment-based model refers to a system where the owner (consignor) provides goods to a seller (consignee) but ownership remains with the consignor until the items are sold.…
THE Reserve Bank of Zimbabwe (RBZ) says the country has recorded a trade surplus over the past two months, signalling a tentative economic recovery and strengthening prospects for the continued stability of the ZiG currency. The development follows a trade surplus of about US$7 million recorded in August 2025, with authorities projecting that the positive…
THE Insurance Council of Zimbabwe (ICZ), through the National Bureau of Zimbabwe (NBZ), is aiming to boost Yellow Card uptake by eight percent by the end of next year. The Yellow Card provides regional third-party motor insurance cover for vehicles travelling across the COMESA bloc. This follows a strong performance last season, when more than…
SEED CO has taken a firm stance responding to climate change challenges with the introduction of two maize hybrids and a wheat variety during the six months to September 30, 2025. The seed producer added to its portfolio the medium-maturity hybrids SC661 and SC657 to its maize seed range, targeting stable performance across different rainfall…
GENERAL Beltings Holdings (GB) is projecting a robust full year profit supported by a strong order book in the second half of the year, mainly from the construction and mining sectors. The Zimbabwe Stock Exchange (ZSE)-listed rubber and chemicals manufacturer, in its financial results for the six months to June 30, 2025 doubled operating profit to…
PADENGA Holdings says the ongoing surge in gold prices will significantly improve the group’s annual revenue. Gold spot prices breached the US$4 000 mark in the second half of the year, attributed to increased investor demand for gold as well as strong buying power by central banks. The group operates a mining portfolio, Dallaglio and…
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