News Editor ZIMBABWE’s ban on raw mineral exports has helped to drive a sharp increase in the country’s mining revenues. This comes as official data shows that year-to-date export sales under the mandate of the Minerals Marketing Corporation of Zimbabwe (MMCZ) more than doubled to $4.73 billion during the first nine months of 2026, compared…
News Editor LISTED companies must deliver adequate returns on equity or face intense shareholder scrutiny, the judges of the prestigious Top Companies Survey (TCS) say. Speaking in Harare last week, at the oversubscribed 2026 TCS awards gala event, the chairperson of the accolades’ adjudication committee, Prosper Tafadzwa Matiashe, added that listed companies needed to perform…
News Editor FIRST Capital Bank (FCB) says it is taking a long-term view of lending, despite the government’s plans to introduce a mono-currency system by 2030. Chief executive Tapera Mushoriwa said this week that the bank was extending credit beyond 2030, notwithstanding the planned move. “We are optimistic beyond 2030 as a business, and that…
News Editor TREASURY says it will continue pursuing more than US$100 million in historical tax arrears involving two corporates. Finance ministry permanent secretary George Guvamatanga said the disputes involving the entities were based on the existing tax laws and not retrospective changes to legislation. “It needs to be clear that we don’t have a national…
Omega Ukama News Editor WESTPROP Holdings is seeking shareholder approval to remove its US$129,8 million Pomona City land bank from the listed property group, formalising a balance-sheet restructuring first disclosed in April. The company published a circular last week outlining a scheme of reconstruction under which the 161,51-hectare Pomona City land bank will be transferred…
THE government should introduce incentives to encourage small and medium enterprises (SMEs) to use the newly launched Zimbabwe Entrepreneurship Exchange (ZEEX), Institute of Chartered Accountants of Zimbabwe (ICAZ) chief executive William Mandisodza has said. Mandisodza said incentives could accelerate the adoption of the Zimbabwe Stock Exchange (ZSE) platform and increase the flow of formal capital…
News Editor TREASURY says Zimbabwe’s fuel supplies remain stable despite disruptions caused by the conflict in the Middle East. Authorities say they are relying on strategic reserves, tax measures and private stocks to cushion the domestic market from global oil shocks. Finance minister Mthuli Ncube said last week the country was “fairly comfortable” with fuel…
ACTIVITY on the Victoria Falls Stock Exchange (VFEX) overtook the Zimbabwe Stock Exchange (ZSE) during the first half of 2026, even though the latter still lists more companies. This comes as migrations from the ZSE to the VFEX have picked up following new streamlined rules introduced in April 2026. The trade-count on the VFEX grew…
News Editor NATIONAL Employment Councils (NECs) are crying out for urgent reforms, as their rigid minimum wages and retrenchment rules are harming struggling businesses and discouraging both foreign and domestic investment, experts say. This comes as many companies across various sectors continue to enter corporate rescue or to scale back their operations, amid mounting financial…
News Editor ECONET Wireless Zimbabwe (Econet) shares are trading well below fair value according to local equity research firms. The shares currently trade at a floor price of 50 US cents on the Victoria Falls Stock Exchange (VFEX)’s OTC platform, set when Econet delisted from the Zimbabwe Stock Exchange (ZSE). Three firms argue that price…
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