BUSINESS is on tenterhooks amid the storm clouds gathering over the global economy, the intensifying war in Ukraine and the labour unrest that has shut down key ports in neighbouring South Africa (SA). Speaking to The Financial Gazette yesterday, business leaders expressed fears that the triple whammy of exogenous economic headwinds could retard local GDP…
THE Insurance and Pensions Commission (IPEC) says funeral assurers in Zimbabwe stand to benefit from new mortality tables that the industry regulator is working on. Mortality tables are compilations of death probabilities for a population. They are used by insurance companies to price products and to calculate reserves. The tables that are currently being used…
THE Zimbabwe Stock Exchange (ZSE) has maintained a lead over other exchanges in Africa, despite its slump in the third quarter which saw it temporarily dipping into year-to-date (YTD) losses. The market closed Friday with YTD gains of 20,76 percent, ahead of the Malawi Stock Exchange (19,84 percent) and the Lusaka Securities Exchange (19,3 percent).…
ZIMBABWE’s ambassador to Zambia, Charity Charamba, says the country’s mining equipment suppliers have an opportunity to create long-lasting relationships in Zambia’s mining heartland of Copperbelt Province. This comes as trade development and promotion body ZimTrade is hosting an outward trade mission to Zambia this week in the city of Kitwe, in the Copperbelt. “Zimbabwean companies…
PUBLIC Service minister Paul Mavima has urged company chief executives (CEs) to take occupational safety and health (OSH) issues seriously to enhance productivity, save costs and increase profitability.
CALEDONIA Mining Corporation (Caledonia) gold production for the third quarter ended September 30, 2022 at its flagship bullion asset, Blanket Mine, rose 11 percent to 21 120 ounces from 18 965 ounces in the prior period. In a statement this week, Caledonia said gold produced in the nine months to September 30 was 59,726 ounces,…
THE Victoria Falls Stock Exchange (VFEX) has outlined guidelines for debt listings as it intensifies efforts to encourage participation. It also comes as the Treasury has said it plans to borrow as much as US$100 million this year through bonds on the VFEX to supplement the national budget. “The VFEX believes it is important for…
UNIFREIGHT Africa (Unifreight) says its cost containment approach had resulted in a 19 percent surge in volumes for the half year ended June 30, 2022. In a statement accompanying the transport and logistics solutions firm’s half year results, chairman Peter Annesley said the fundamentals were sound and the business is on a solid footing “We…
ZIMBABWE will start administering a locally-produced vaccine against the devastating livestock January Disease at the end of the next rainy season, a top government official has said. The country’s livestock production sector has been reeling from the disease whose scientific name is theileriosis and has claimed at least 500 000 cattle since 2015, according to…
ZIMPLATS Holdings (Zimplats) says the fiscal legislation in Zimbabwe is volatile, highly complex and subject to interpretation. In its 2022 annual financial statements issued last week, the platinum group metals producer said it has historically filed, and continues to file, all required income tax returns and to pay the taxes reasonably determined to be due.…
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