By Leonita Mhishi LAST year, my cousin in Bulawayo was house-hunting on her smartphone during lunch break, flicking through listings with virtual tours that made her feel as if she were walking through homes in Harare from her office chair. For many Zimbabweans, especially those with families abroad or limited weekends to travel across cities,…
OPERATIONS at Tongaat Hulett Zimbabwe remain stable and unaffected despite the seismic shift in the corporate landscape of its parent company, Tongaat Hulett Limited. In a significant development, the joint Business Rescue Practitioners (BRPs) in South Africa have applied to the High Court for an order to place the South African entity into provisional liquidation.…
Tongaat Hulett, a 134 year-old South African sugar maker, is on the brink of collapse again as its administrators prepare to place the firm into bankruptcy, according to people with…
By Memory Nguwi IMAGINE what organisations could actually get done if they hired people who genuinely had the capacity to do the job, rather than relying on qualifications, job titles, or long lists of previous roles. In my work, the most common problem I see has nothing to do with effort, attitude, or commitment. Most…
INDUSTRY has urged authorities to review and extend the deadline for submitting indigenisation compliance plans. They cite the need for a consolidated one-stop shop to handle all compliance requirements and submissions. The policy, which requires foreign-owned firms to submit compliance plans to cede up to 75 percent of their shares within three years, targets 14…
CONTINUING delistings from the Zimbabwe Stock Exchange (ZSE) by blue-chip companies aren’t good news and signal deeper structural weaknesses in the country’s capital markets, analysts say. This comes after telecoms giant, Econet Wireless, became the latest top firm to make decisive moves to exit the ZSE. Counters such as Padenga, Innscor, Simbisa, Axia, FCB and…
THE United States (US) is showing growing confidence in Zimbabwe’s mining sector, with American businesses preparing to increase investment in the country. The move comes as Harare steps up efforts to strengthen relations with the US and Western nations, signalling a new era of economic engagement and opportunities for the local mining industry. Speaking yesterday…
MUTAPA Investment Fund (MIF)’s unbundling of its mining subsidiary, Kuvimba Mining House (KMH) is expected to attract targeted investor interest in specific mineral entities, the sovereign wealth fund’s chief investment officer Simbarashe Chinyemba has said. The move, announced last week at a press conference, is part of MIF’s strategy to unlock greater value from its…
ZIMBABWE’S current account surplus, at nearly 3,8 percent of gross domestic product (GDP), is expected to persist throughout much of this year, the International Monetary Fund (IMF) has said. This…
SEED Co is intensifying its cash-based sales strategy to boost liquidity, eliminate bad debt and reduce operational overheads, the company’s secretary Faithful Sithole has said. The Zimbabwe Stock Exchange (ZSE)-listed…
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