Mozambique extended a value-added tax exemption on essential goods until the end of the year to ease spending pressures on consumers that have sparked violent protests in the southern African…
SOUTH African President Cyril Ramaphosa called for enhanced cooperation within the Group of 20 nations as his US counterpart Donald Trump upends the world order in pursuit of his America…
Eskom suspended load shedding on Wednesday at 5 am. It confirmed the decision just after 4 am in a statement, saying the suspension follows a “recovery of generation capacity and…
South African inflation accelerated after the statistics office revised the data used to calculate household expenditure, giving policymakers reason to be cautious about cutting interest rates next month. Consumer prices…
OK ZIMBABWE Limited (OK Zim) has parted ways with three top executives, including chief executive Maxen Karombo in what it described as a ‘comprehensive business review and restructuring’ meant to circumvent ongoing operational challenges. The two other executives taking their leave of office are the chief financial officer Phillimon Mushosho and supply chain director Knox…
PROPLASTICS says progression to phase two of its solar plant project is contingent on the delicate alignment of capital expenditure and working capital. The current operating environment has seen most companies battling to raise sufficient working capital due to weak consumer demand in the economy. The piping company has not revealed how much capital is…
WILLDALE Limited (Willdale) expects the new measures by the government to tackle the widespread informalisation of the economy to level the playing field with its competitors and subsequently boost its waning sales volumes. The brick making company has lost significant market share due to uneven competition from low-cost common bricks from unregulated informal competitors. In…
Max Verstappen says Red Bull are “confident” they have made the right changes to their car as he seeks a fifth consecutive drivers’ title. Verstappen’s fourth crown last year was…
THE tight monetary stance taken by the Reserve Bank of Zimbabwe (RBZ) has adversely impacted battery and stationary maker Amalgamated Regional Trading (ART)’s operations resulting in a 11 percent decline in revenue for the first quarter ended on December 31,2024, the group has announced. The Zimbabwe Stock Exchange (ZSE)-listed concern also saw its sales volumes…
THE Zimbabwe Stock Exchange (ZSE) has announced that all listed entities will be required to submit sustainability reports starting from financial years that commence on or after January 1, 2024. This is in collaboration with the Public Accountants and Auditors Board (PAAB) and the Victoria Falls Stock Exchange (VFEX). Sustainable reporting refers to a company…
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