SHAMVA Gold Mine says it is targeting to attain the lowest risk profile to the environment, surrounding communities, and personnel by employing smart sustainable mining activities.
MULTI -franchised motor dealer, Croco Motors has been awarded the ‘Highest Business Growth’ accolade in the region at the Eicher Annual Dealer Conference in Dubai recently. This comes as Croco Motors has grown its market share in the Eicher trucks and buses segment, with a strong focus on delivering aftersales customer service. In a statement…
DRONE Solutions Private says demand for autonomous agricultural technology is on the increase as local farmers have begun warming up to smart initiatives as they seek to enhance yields and improve profitability. In agriculture, drones are being used to fight pests as well as to increase the ability to track the growth of crops and…
ECONOMIC commentators have implored the government to enhance measures that encourage businesses and individuals to use the economy’s official financial system. This comes as other countries are migrating to a cashless society, but Zimbabweans still believe in using hard cash. Economist Prosper Chitambara told The Financial Gazette that only a few Zimbabweans trust local banks,…
BUSINESS says the removal of import controls is promoting excessive hoarding of cheaper basic goods from abroad, amid speculation that the controls might be re-imposed soon this year. Last month, the minister of Finance, Mthuli Ncube, suspended import duty and import value-added tax on 11 basic grocery items. In a position paper on the measure,…
ANALYSTS say the proposed BRICS single currency would be a solution to some of Zimbabwe’s economic challenges, which have lately been headlined by currency volatility. It comes as the foreign affairs ministry has said the country is willing to join the grouping’s unified currency proposal among other trade pacts. BRICS is an acronym that started…
BUSINESS is hopeful that things will get better in the medium to long-term after authorities recently announced new policy measures to stabilise the country’s economy. This comes after the Reserve Bank of Zimbabwe’s (RBZ) monetary policy committee overhauled the country’s foreign currency auction system last week, among other interventions, with the aim of achieving a…
ECOCASH Holdings (EcoCash) witnessed significant growth in transaction volumes and values for the year ended February 28, 2023, following the intermediate money transfer tax (IMTT) reduction in January 2023. The IMTT was reduced to two percent from four percent and is currently at one percent, as it was slashed further. The group said 78 percent…
MINISTER of Tourism, Mangaliso Ndlovu, says arrivals to Zimbabwe were up by 108 percent to 271 000 during the first quarter of 2023. This comes as the country’s tourism economy recovers from the catastrophic effects of the Covid-19 outbreak, which resulted in travel restrictions across numerous jurisdictions. Speaking at the relaunch of Cresta Lodge in…
RIOZIM will this year prioritise securing a stable power supply across all its operations to ensure consistent plant throughput. In a trading update for the first quarter of 2023, company secretary Tawanda Chiurayi bemoaned the increasing power outages elongating downtime. “Power supply challenges worsened during the period under review due to load shedding and unstable…
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