Rapper Sean “Diddy” Combs has filed a $100m (£80.5m) lawsuit against the makers of a recent documentary about him, as he continues to face allegations of sexual assault. The rapper…
TREASURY says investors under the Bilateral Investment Promotion and Protection Agreements (BIPPAs) will receive the outstanding US$125,9 million in compensation over the next four years.The compensation, related to farms affected by the land reform programme in 2000, will be paid through annual fiscal allocations in the national budgets.The government commenced compensation of BIPPA-protected farms in…
THE introduction of a US dollar-denominated deposit facility (USDDDF) will protect exporters from potential foreign exchange losses on the surrender portion of their earnings, research firm FBC Securities has stated.The facility was introduced in the 2025 Monetary Policy Statement to safeguard value preservation.“Exporters with no immediate use for the Zimbabwe Gold (ZiG) equivalent of the…
ZIMBABWE’S import bill increased by 4,9 percent to US$9,1 billion in 2024, from US$8,7 billion in 2023, largely due to increased grain imports following the El Niño-induced drought, which severely impacted the 2023-24 agricultural season.The 2023/24 season saw Zimbabwe experience its worst drought in 40 years, significantly affecting agricultural output and prompting the government to…
THE Cotton Company of Zimbabwe (Cottco) has engaged relevant authorities over the payment of US$5,6 million in legacy debts owed to farmers.Cottco’s chief executive, Rockie Mutenha, confirmed that the outstanding debts date back to the 2022-2023 period.“… we acknowledge that we owe farmers US$5,6 million, half of which must be paid in ZiG. We are…
ZIMBABWE’S total dividend payments to foreign investors surged by 31 percent in 2024, reaching US$220,82 million, up from US$169,02 million in 2023, according to the central bank.This reflects increased returns for international shareholders despite economic fluctuations.Meanwhile, disinvestments rose by 24 percent, hitting US$106,82 million, compared to US$86,05 million last year. In contrast, interest payments on…
THE JSE All Share Index (Alsi) hit a new record on Wednesday, on the back of Richemont’s (CFR) bull run continuing and tech giants Naspers and Prosus’s share prices on firmer footings. Africa’s largest…
AFTER reading the groundbreaking research, Zombie Leadership: Dead Ideas That Still Walk Among Us, paper by Haslam, Alvesson, and Reicher (2024) in The Leadership Quarterly, I felt compelled to share its insights. The ideas in this paper are too important to be confined to academic circles. As someone who works with organisations daily, I see…
Cable manufacturer Cafca says it wants to reduce its carbon footprint by exploring cleaner energy options and also end its over-reliance on the unreliable national power grid.As production output increased by six percent, during the year ended September 30, 2024 (FY 24), its greenhouse gas emissions (GHGs) also ticked up by eight percent, underscoring the…
PLASTIC and pipes manufacturer, Proplastics Limited (Proplastics), says its margins, normally between 15 and 20 percent, are being squeezed by a myriad hurdles, mainly rising operational costs.High production costs ravaging most companies in the country have undermined their competitiveness as they pass on the input cost burden to consumers.The group largely attributed the costs of…
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