https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-309875.mp3?cb=1735914002.mp3AdvertisementsKudzanai Gerede Companies and Markets EditorAdvertisements AXIA Corporation’s logistics business, Distribution Group Africa (DGA) is expected to put a strain on the group revenue for the current financial year ending June 30, 2025 (FY25) on account of widespread informalisation of the sector in Zimbabwe and foreign currency shortages in regional markets. The business has operations…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-309883.mp3?cb=1735914239.mp3AdvertisementsTIGERE Property Fund (Tigere) says the demand for value-preserving assets combined with exchange rate volatility has triggered an upward shift in pricing across the real estate value chain. Advertisements Tigere is a real estate investment trust (REIT) owned by the asset management firm Terrace Africa. It became the country’s first ever publicly listed REIT on…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-309855.mp3?cb=1735914961.mp3AdvertisementsTHE Comesa Federation of Women in Business (COMFWB) has urged female entrepreneurs to expand their market reach beyond local borders and explore export opportunities.Advertisements COMFWB chairperson Edna Mukurazhizha encouraged women during the Regional Enterprise Competitiveness and Access to Markets Programme (Recamp) training, to consider regional and international markets. “The encouragement is for women to be…
Advertisements Gold hit a record high, as it receives sustained haven demand with investors monitoring the approaching US election and conflict in the Middle East.Advertisements Bullion edged up to $2 750.34 on Wednesday, beating Tuesday’s peak by about $1, with geopolitical risks taking center stage as traders focused on a tight US presidential race and…
Advertisements South African Airways (SAA) is currently debt-free and is not looking for additional funding from National Treasury.Advertisements However, Parliament’s Standing Committee on Public Accounts (Scopa) heard on Tuesday the national carrier requires a capital injection to get back to its “former glory”. The capital is also needed to bring forward some of the plans…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-309874.mp3?cb=1735917709.mp3AdvertisementsSCHWEPPES Zimbabwe says it is working on reducing its waste and carbon footprint by 25 percent as part of efforts to mitigate its negative environmental impact during operations.Advertisements As global concerns about climate change, social inequality, and corporate misconduct grow, investors and consumers are increasingly demanding transparency and accountability from businesses. Local companies have been…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-309830.mp3?cb=1735918743.mp3AdvertisementsTHE CMED says it is grappling with a financial crisis due to delayed payments from government ministries and departments. Speaking to The Financial Gazette, CMED managing director Davison Mhaka highlighted the urgent need for the government to settle its arrears to ensure smooth operations.Advertisements “The major hurdle that we face is that we provide services…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-309737.mp3?cb=1735919353.mp3AdvertisementsTHE Deposit Protection Corporation (DPC) says it is confident in its ability to provide deposit insurance coverage in both US dollars and ZiG in the event of a bank failure.Advertisements Established in 2003 under the Deposit Protection Act, DPC protects eligible depositors by securing funds in case of such failures. These funds are generated through…
Advertisements ZIMBABWE’s hospitality industry is facing a safety crisis, with a staggering lost time injury frequency rate exceeding acceptable standards for three consecutive years covering 2017 to 2019, according to latest statistics. The revelations were made during a recent National Employment Council for the Catering Industry in Zimbabwe’s multi-launch of the Sectoral Occupational Safety and…
AdvertisementsVICE President Kembo Mohadi has called for technological advancements to curb the rising number of workplace fatalities and injuries in Zimbabwe, stressing that technology is essential for protecting the country’s workforce.Advertisements This call follows reports of 70 workplace fatalities and 4 904 injuries recorded this year. Speaking at the recent Safety and Health at Work…
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