finance

Surge in tourism sector, now what?

ZIMBABWE’s tourism sector is not just recovering, it’s surging. The 83 percent increase in visitors during the first half of 2024 underscores its position as the country’s fastest-expanding sector, with year-end figures further cementing this upward trajectory.Further solidifying this positive trend, the fourth quarter of 2024 witnessed an increase to approximately 1,5 million arrivals, a…

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Local banks maintain ‘satisfactory’ NPL ratio

ZIMBABWE’s banking sector non-performing loans (NPLs) slightly increased to 3,37 percent during the fourth quarter ended December 31, 2024, but remained below the global benchmark of five percent, latest data shows.The latest figures from the Reserve Bank of Zimbabwe (RBZ) suggest an increase in high-quality loans by local banks, due to the gradual recovery in…

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Exports increase to US$582 million

ZIMBABWE’s exports increased by 13,5 percent to US$581,9 million in March 2025 compared to US$512,6 million reported in February, latest data shows.According to latest trade statistics released by the Zimbabwe National Statistical Agency (ZimStat), industrial supplies comprised 93,2 percent of the goods exported in March 2025.Among the top 10 products exported in March 2025 were…

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Zimbabwe: A resilient nation fighting against all odds

By Mohammed Jassat ZIMBABWE’S story is not just one of struggle. It is a story of resilience. It is a tale of a people who, despite decades of economic sanctions, political pressure, and persistent misinformation, have refused to surrender their dignity or destiny. Today, as the nation steadily reclaims its economic footing and asserts its…

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What does the interview measure?

AS hiring managers and business leaders, you’re tasked with making critical personnel decisions that significantly impact your organisation’s success. The employment interview is likely your most frequently used selection tool.Despite its ubiquity, there’s often confusion about what interviews actually measure and how to maximise their effectiveness. This article presents clear scientific evidence to help you…

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Tourism industry delights in boom

ZIMBABWE’s tourism sector is continuing to experience marked growth, fuelled by rising visitor numbers, significant infrastructure development in Victoria Falls, improved air connectivity and government support.This comes after the industry recorded a remarkable 83 percent overall increase in visitors during the first half of 2024 — cementing its position as the country’s fastest-growing economic sector…

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VFEX option off the table — Old Mutual

OLD MUTUAL Group says it will not pursue listing on the foreign currency-denominated Victoria Falls Stock Exchange (VFEX) due to the country’s anticipated switch to a ZiG-anchored mono-currency system at least by 2030.Instead, the diversified financial services group, which remains suspended from the Zimbabwe Stock Exchange (ZSE), says it will continue discussions with authorities to…

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‘Khayah’s ZSE delisting is temporary’

KHAYAH CEMENT (Khayah) has hinted at a possible return to the Zimbabwe Stock Exchange (ZSE) in the near future as it moves forward with delisting procedures to enable the reconstruction and stabilisation of operations outside “public market scrutiny.”The move has got market watchers worried about the diminishing number of counters on the country’s primary bourse,…

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Anglo demerger to gobble US$500 million… as Unki production dips

ANGLO American expects the proposed demerger of its platinum group metals operation, Anglo-American Platinum, to consume up to US$500 million in taxes and transactional costs.The simplification of Anglo American’s current portfolio includes the demerger of a portion of its 67 percent stake in Anglo American Platinum.The London-based diversified miner expects the demerger to effective from…

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