By Liesl Peyper and Suren Naidoo South Africa received its first credit-rating upgrade from Fitch Ratings in almost 21 years on Friday, with the agency raising the country’s long-term foreign and…
Advertisements KINGS Point Financial Services has embarked on an ambitious project to rehabilitate 50 swimming pools at the country’s learning institutions within the next two years.Advertisements The first school to benefit was Courtney Selous Primary School in Harare, with Kings Point chief executive Nyasha Manjengwa stating that this was only the beginning of the far-reaching…
Advertisements THE Southern Africa Association of Accountants (SAAA) has introduced the Accounting Technician Qualification for Africa (ATQA) to improve bookkeeping standards and tax compliance in the informal sector.Advertisements The initiative comes as many informal businesses continue to operate outside the tax net because they lack knowledge of bookkeeping, tax obligations and the benefits of compliance.…
Advertisements FINANCIAL Securities Exchange chief executive Collen Tapfumaneyi has been re-elected chairperson of the Committee of SADC Stock Exchanges (CoSSE) for another two-year term at the organisation’s 68th Bi-Annual Meeting recently held in Mauritius.Advertisements The Zimbabwean’s re-election was unanimously endorsed by member exchanges, reflecting confidence in his leadership at a time when SADC is advancing…
Advertisements ARIANA Resources says the pre-tax value of its wholly owned Dokwe Gold Project in Zimbabwe now stands at US$1,06 billion following the completion of an updated pre-feasibility study.Advertisements The revised study outlined a two-phase operation expected to produce 1,06 million ounces of gold over its life. Ore reserves at Dokwe North increased by 42…
Advertisements ARISTON Holdings (Ariston) is pursuing funding support, debt restructuring and operational recovery measures to sustain operations and strengthen its financial position, according to its 2025 annual report.Advertisements The group’s directors said they had prepared cash flow forecasts covering at least 12 months from the approval date of the financial statements, assessing the company’s ability…
Advertisements BRITISH American Tobacco (BAT) Zimbabwe implemented cost-containment measures and strategic price adjustments during the first quarter ended March 31, 2026, to protect margins against rising costs.Advertisements As a result, the cigarette manufacturer recorded a 29 percent decrease in operating costs during the period, enabling it to absorb rising input costs and remain profitable despite…
Advertisements TREASURY recently introduced zero-cost bank accounts for micro, small and medium-sized enterprises (MSMEs) in a move aimed at promoting formalisation and financial inclusion within the sector.Advertisements However, speaking to our Deputy Editor, Tendai Kamhungira (TK), the chief executive officer of the Small and Medium Enterprises Association of Zimbabwe, Farai Mutambanengwe (FM), said the measure…
Advertisements THE Consumer Council of Zimbabwe (CCZ) says the family basket increased to US$616,43 in March after higher transport and fuel costs pushed up household expenses.Advertisements In its latest publication, the CCZ said moderate fuel price increases emerged in early March before rising sharply during the weeks ending 20 March and 27 March 2026. By…
By Brody Ford and Matt Day, Bloomberg Microsoft Corp. launched new artificial intelligence software designed to function like an always-active executive assistant, the latest evolution of its workplace AI efforts. While…
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