SOME miners have found themselves in an impasse with the state power utility, Zimbabwe Electricity Transmission and Distribution Company (ZETDC), which refuses to allow them to terminate power supply contracts.This issue has taken centre stage amid a deepening national power crisis, with the ZETDC struggling to meet demand and pay its escalating import arrears.The core…
ZIMTRADE believes that the local climate gives farmers a competitive edge in horticultural production, resulting in superior product quality compared to regional competitors.The trade promotional body’s client export development advisor, Kupakwashe Midzi, highlighted that the climatic advantage allows farmers to supply the global market much earlier than other countries.“This enables us to produce most of…
THE Zimbabwe Revenue Authority (ZIMRA) has, in recent years, been using public notices, many of which carry profound implications for taxpayer compliance. Although such notices are ostensibly intended to guide the public on administrative interpretations, a disconcerting trend has emerged: they are being operationalised as though they possess the force of law. This practice has…
IN today’s hypercompetitive business landscape, the quality of talent has never been more critical to organisational success. Yet a concerning pattern persists across industries ─ a fundamental breakdown in the hiring process that leaves both candidates and companies dissatisfied and underperforming.Broken hiring paradigmWhen I speak with professionals across organisational hierarchies ─ from C-suite executives to…
NMBZ Holdings (NMBZ) says its property unit (NMBZ Properties) is making headway with several projects poised for future profitability, despite currently contributing modestly to group total income.The group diversified its operations into the property market by establishing a fully-fledged property division, which is part of the banking unit.In an interview with The Financial Gazette, NMBZ…
TURNALL Holdings (Turnall) is set to implement strategic cost containment measures aimed at protecting thinning profit margins and revitalising its financial performance.This comes at a time the company has been impacted by its aging machinery that has rendered operations uncompetitive.“This proactive approach is designed to enhance operational efficiency and ultimately guide the company back to…
KUVIMBA Mining House says it has made a strategic shift in its operations by commencing work on an open-pit section at its Great Dyke Investments (GDI) project in response to…
TOBACCO processor British American Tobacco (BAT) plans to strengthen distributor-partnerships to reach under-served peri-urban and rural areas as it seeks to regain shrinking market-share.The ZSE-listed firm has endured a notable decline in volumes over the past few years owing to route-to-market challenges and the growing competition from smuggled cigarette brands.“By adapting to changing market dynamics,…
INNSCOR Africa (Innscor) was able to maintain a strong volume performance across core manufacturing operations during the nine months to March 31, 2025 as recent investments in capacity expansion paid off.In its third quarter trading update, the diversified industrial conglomerate, said most of the expansion initiatives it invested in the past few years are now…
STANBIC Bank Zimbabwe has reaffirmed its commitment to supporting Zimbabwe’s power supply needs by offering sustainable financing solutions for renewable energy projects, particularly in support of the mining sector, which remains central to the country’s economic transformation.Speaking at the annual Chamber of Mines president’s dinner, Stanbic Bank chief executive, Solomon Nyanhongo, stated that the bank,…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More