PROPLASTICS says it continues to push for the scrapping of the 15 percent value added tax (VAT) on polyvinyl chloride and high-density polyethylene pipes to ensure a level playing field…
Negotiations for the proposed takeover of Nampak Southern Africa Holding’s 51,43 percent shareholding in Nampak Zimbabwe by TSL Limited are still ongoing, sources close to the matter have said.In a notice to shareholders this week, Nampak Zimbabwe urged the investing public to continue to exercise caution when dealing in the company’s securities.“These discussions follow the…
ZIMBABWE is set to unveil a revamped incentive framework to boost foreign investment, as several international firms continue to exit the country due to a challenging operating environment.The departure of multiple foreign-owned companies from the local market remains a major concern. Notable exits include Choppies, a Botswana-founded retail company with stores across four southern African…
THE World Bank says Zimbabwe’s pursuit of a new Staff Monitored Programme (SMP) with the International Monetary Fund (IMF) might make 2025 potentially challenging for the economy.The IMF has traditionally prescribed neo-liberal policies which have often times resulted in the cost of living rising.Zimbabwe requested a new SMP from the IMF, which is meant to…
ZIMBABWE has been chosen to host the AfCFTA Association of African Commodity Exchanges annual conference, set for March 26-27, 2025, in Victoria Falls.The event will bring together key stakeholders, including commodity exchange leaders, policymakers, and financial experts, to discuss intra-African trade and economic resilience.As host, Zimbabwe will highlight its contributions to the continental market through…
THE El Niño induced drought experienced last year dampened Nampak Zimbabwe (Nampak)’s flagship operation, Hunyani Paper and Packaging (Hunyani), which suffered weak volumes owing to poor tobacco output, subsequently diminishing the group topline for the year ended September 30, 2024.Hunyani, which accounted for 51,3 percent of Nampak’s revenue, saw its sales volumes decline by 8,4…
By Prisca TshumaStaff writer RioZim Limited (RioZim) recorded a significant increase in production costs during the six months to June 30, 2024 attributed to unstable exchange rates.In a statement on the company’s half-year financial results, chairman Saleem Beebeejaun said the Zimbabwean dollar’s (ZW$) depreciation at the start of the year caused price inflation, which increased…
IN today’s digital age, data analytics has become an essential component of effective social media marketing. By leveraging the vast amounts of data generated through interactions, trends, and user behaviours on social platforms, brands can tailor their marketing strategies to be more targeted, personalised, and impactful. However, with great power comes great responsibility. The use…
WildFin Financial Services, a registered microfinance institution renowned for its innovative financial solutions, has recently inaugurated a new branch in Machipisa, Highfield. This strategic move is part of the company’s…
CBZ Holdings Limited (CBZ) says it has completed the second and final phase of the restructuring exercise which began last year following major acquisitions by the group.During the first phase, 13 senior executives were placed on garden leave with mutual termination of their contracts executed by December 31, 2024 before the second phase executed in…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More