Advertisements Rafael Nadal says it has been a “very emotional” week after he made his last-ever appearance at the Madrid Open.Advertisements The former world number one, a five time champion in the Spanish capital, waved an emotional farewell to the tournament after losing in straight sets to Jiri Lehecka. The 37-year-old has indicated he plans…
AdvertisementsFINANCIAL experts in Zimbabwe have expressed optimism that the reporting of three sets of inflation will bolster confidence, noting that the blended consumer price index (CPI) had proven too complex for standard accounting conventions. Advertisements This comes after significant lobbying by business and economic agents to abandon the blended inflation rates. They argued that it…
AdvertisementsBAKER TILLY Central Africa has expressed concerns about delays in the publication of exchange rates to be used for income tax returns preparation, saying this has disrupted the consistency of tax filings. Advertisements Taxpayers were initially expected to submit their income tax returns for the year ending December 31, 2023, by this Tuesday. However, the…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-303144.mp3?cb=1732287634.mp3Advertisements IN a significant move to stabilise its economy and streamline financial operations, Zimbabwe has introduced the Zimbabwe Gold (ZiG) as its new official currency.Advertisements This marks a monumental shift in the nation’s monetary policy, aiming to foster stability, restore market confidence, and enhance the functionality of monetary and tax systems. The initial phase of this…
AdvertisementsA STAGGERING 158 companies in the engineering, iron, and steel sector deregistered in 2023, marking a 5 166,67 percent increase from the three recorded in 2022, according to a new report. Advertisements The industries are a significant pillar of the country’s economy, generating over US$1,45 billion in exports and bolstering the much-needed foreign exchange reserves.…
AdvertisementsBRICKMAKER, Willdale, says it is receiving orders from clients as far as Mozambique and Zambia and is now working on improving production capacity to meet the growing demand for its products.Advertisements Export initiatives remain central to the company’s long-term goals driven by the need to generate additional foreign currency to meet its growth prospects. Willdale…
AdvertisementsZIMBABWE Stock Exchange-listed diversified company, TSL has developed new animal healthcare products as it moves to diversify its product offerings.Advertisements Local retailers have traditionally relied on external suppliers for procurement of animal healthcare products and the localisation of production of these commodities presents a potentially lucrative business for the company. “We have started manufacturing animal…
Advertisements…but aggravated operating expenses cut marginsAdvertisements FIRST Capital Bank (First Capital) recorded a 33 percent increase in total income to US$71,2 million for the fiscal year ended December 31, 2023 buoyed by a significant increase in customer base, loans and advances, and proportion of US- dollar transactions. The growth in total income during the year…
AdvertisementsZIMBABWE continues to lag in the deployment of Long-Term Evolution (LTE) base stations, as revealed by the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz).Advertisements This revelation comes as telecommunication firms in the southern African nation are transitioning from older-generation mobile technology to fourth-generation wireless technology. The latter offers higher capacity and faster download and…
LONDON-based Kavango Resources Plc (Kavango) is aiming to raise about £3,08 million (US$3,86 million) by issuing 257,11 million new ordinary shares at a price per share of 1.2 pence through…
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