WILLDALE Limited (Willdale) plans to allocate profits from its lucrative property investments to strengthen its primary operations, which are currently experiencing working capital constraints.The brick manufacturer has previously announced that it was facing severe cash flow challenges due to weak profit margins from reduced selling prices attributed to intensified market competition, particularly in the common…
AMALGAMATED Regional Trading (ART) Corporation recorded a 32 percent decrease in export volumes during the quarter to June 30, 2025, with margins further eroded by the reduction in the foreign currency retention threshold.The group’s overall sales volumes declined by seven percent during the quarter as trading remained subdued.“Turnover for the quarter was US$7,8 million, a…
CAFCA recorded a 14 percent decrease in sales during the quarter ended June 30, 2024 compared to the same period last year.The decline comes as the electrical cable market faces increased competition due to Statutory Instrument 157 of 2024, which opened the market to imports.The major cable manufacturer’s year-to-date revenue was five percent lower than…
AFC Commercial Bank (AFC Bank) has availed a US$9,6 million line of credit facility to support smallholder farmers, rural enterprises and value chain actors across the country under the Smallholder Agriculture Cluster Project (SACP).AFC Bank, a subsidiary of AFC Holdings, was established following the restructuring of Agribank in 2021 and is wholly owned by Mutapa…
MANY small and medium-sized enterprises (SMEs) are increasingly facing the prospect of closing their doors due to the prevailing tough economic conditions. These businesses, which form the backbone of Zimbabwe’s economy, have to contend with ever changing market conditions and high operational costs related to essential resources — leading to persistent viability challenges. Among the…
ZIMBABWE’s largest mining companies are significantly increasing their investment in mine expansion and exploration, rushing to capitalise on the sustained rise in gold prices. Since the end of the Covid-19 pandemic in 2022, geopolitical conflicts have fuelled demand for gold. This has prompted investors, including central banks, to hedge against rising inflation and economic uncertainty.…
THE Reserve Bank of Zimbabwe (RBZ) should ease its tight monetary policy stance, as experts contend that the current strategy is now stifling economic growth.While the central bank’s restrictive measures have stabilised the ZiG, economic experts say the resulting liquidity crunch is stifling business activity.Economist Tapiwa Mashakada said the current liquidity crunch is likely to…
MILK production in Zimbabwe hit a record high in July 2025, rising 5,47 percent to 10,52 million litres from 9,97 million litres in July 2024.According to the Ministry of Agriculture’s Dairy Services Department, this is the highest monthly output on record since the beginning of last year, surpassing the previous high of 10,15 million litres…
THE Zimbabwe Revenue Authority (Zimra) says its Tax and Revenue Management System (TaRMS) has significantly expanded the tax base, leading to an increase in revenue. The system, launched in 2022, was designed to improve efficiency and payments through a convenient, self-service platform. TaRMS automates debt tracking, generates payment plans, and initiates collection actions. This, according…
ARISTON Holdings is implementing a series of cost-control actions, central to its broader strategy of restructuring business operations and enhancing profit margins. In a statement accompanying the company’s financial results for the six months ended March 31, 2025, group chairman Alexander Jongwe said the operating environment is expected to remain challenging, therefore they will continue…
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