DELTA Corporation (Delta) recorded a five percent increase in group revenue to US$807 million for the year ended March 31, 2025, reflecting volume growth in lager beer and sugar tax-induced price increases in sparkling beverages.The beverages manufacturer said the proportion of domestic sales undertaken in foreign currency was around 80 percent for most of the…
CALEDONIA Mining Corporation (Caledonia) has posted a 46 percent increase in revenue hitting US$56,2 million in the first quarter ended March 31,2025 from US$38,5 million in the comparable period last year thanks to higher gold prices and increased output.Gold miners have had a good start to the year as selling prices breached the US$3000 per…
THE Horticulture Development Council (HDC) has stated the need for the government to guarantee land security to assure investors in contract farming within the horticulture sector.Speaking to The Financial Gazette at the Zimtrade-Singapore breakfast seminar, the HDC’s operations manager, Mandla Mataure, emphasised the necessity of assuring investors that their investments, particularly in long-term contracts, will…
THE National Competitiveness Commission (NCC) believes the added costs and potential red tape of the Conformity Based Conformity Assessment (CBCA) programme will cause short-term problems for businesses, harming Zimbabwe’s competitiveness.Initially introduced in 2015, the CBCA programme is a scheme designed to verify the quality and safety of imported goods to safeguard consumers and the local…
THE Reserve Bank of Zimbabwe (RBZ) has adopted a firm stance on its export surrender requirements despite persistent concerns from business.This emerged as a key takeaway from an engagement meeting this week between the apex bank and the Zimbabwe National Chamber of Commerce (ZNCC), the details of which were outlined in a report by the…
BY EPHIAS RUHODE IF someone had told me 33 years ago as a student of computing, that understanding artificial intelligence (AI) would one day be as important to everyone as knowing how to make popcorn, I might have laughed while trying to debug my long Cobol code. Back then, AI was never pitched as something…
WESTPROP HOLDINGS (WestProp) is aiming to reach the US$1 billion milestone in total valuation in the next five years driven by ongoing real estate developments and equity raisings, its chief executive, Ken Sharpe has said.This comes after the company was recently ranked fourth most valuable Zimbabwean company in terms of stock market capitalization in a…
TURNALL Holdings (Turnall) says its sustainable growth strategy is anchored on adequate raw material stocks and a new fiber cement plant to ensure stability.The Zimbabwe Stock Exchange (ZSE)-listed fibre cement roofing material maker has been struggling for competitiveness due to aging machinery. Resultantly, the group has been trapped in a string of losses in recent…
THE Reserve Bank of Zimbabwe (RBZ) reported an inflation-adjusted surplus of ZiG1,17 billion for 2024, a turnaround from the ZiG1,48 billion deficit in 2023.The gains, however, appear driven more by currency revaluation and inflation adjustments than core operational improvements.Accordingly, RBZ reported an inflation-adjusted deficit of ZiG3,89 billion, prior to a monetary gain of ZiG5,06 billion…
ZIMBABWEAN industries in “sensitive sectors” should be given time to adapt to increased competition through a phased removal of US tariffs, the National Competitiveness Commission (NCC) has recommended.Without protective tariffs, the NCC said domestic manufacturers, particularly in agriculture, textiles, and processed foods, may struggle to compete with mass-produced, low-cost American imports.This comes after the government…
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