finance

Clothing sector reels from fabric duty hike

PLAYERS in the clothing industry have voiced strong opposition to the increase in import duty on polyester and polycotton fabrics, warning this will jeopardise recent gains in the sector. In the 2026 budget, Finance Minister Mthuli Ncube proposed an increase in import duty on certain fabrics, specifically polyester staple fibre and dyed woven cotton, to…

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Tanganda sees return to profitability

TANGANDA Tea Company (Tanganda) anticipates improved fortunes this year, riding on the currently stable macroeconomic environment, healthier plantations and planned investments to support operations. This comes after the tea grower plunged into a US$4,2 million loss in the year ended September 2025 which it attributed to a challenging operating environment and the impact of the…

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Muted job hiring rocks MSMEs sector

JOB hirings within the micro, small, and medium enterprises (MSMEs) sector have largely been subdued, as players focus on survival rather than expansion, a new sectoral report shows. According to the 2025 State of the MSME Sector Report, released late last year, there is a general reluctance to scale up the workforce within this economic…

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Gold output beats 2025 target

ZIMBABWE’s gold output for 2025 set a new record of 46,73 tonnes, which was 28 percent above prior year levels of 36,48 tonnes, supported by record high prices and sustained government support, latest figures show. This was above the government target of 40 tonnes. According to data from Fidelity Printers and Refiners, small-scale producers contributed…

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Karo project gets platinum price boost

KARO Mining Holdings says improved platinum prices enhanced the viability and confidence around the debt financing capacity of its platinum project in Zimbabwe. The project, with a funding requirement of US$499 million, saw construction work delayed due to a significant platinum price decline in 2024. Prices, however, improved by 45 percent in 2025 to US$1…

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Tigere targets US$1 million quarterly dividend

TIGERE Property Fund is targeting to raise its dividend payout to unitholders to at least US$1 million per quarter in 2026, almost double the average quarterly rate in 2025. This comes as the fund expects its full year 2025 distributable earnings to breach US$2,3 million, driven by yield-accretive acquisitions and strong tenant trading performance. Unitholders…

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Hippo Valley calls for tighter imports control

HIPPO Valley Estates (Hippo Valley) has urged authorities to strengthen restrictions on imported sugar to safeguard the local industry, which currently has sufficient stock levels. While Zimbabwe, in 2024, banned the importation of sugar, there has been a marked increase in smuggled foreign sugar brands on the domestic market, presenting unfair competition for local producers.…

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Restructuring to bolster ART operations

AMALGAMATED Regional Trading (ART) Holdings is relying heavily on its ongoing restructuring efforts, initiated last year, to drive its recovery. The company believes that these strategic changes will help restore stability and pave the way for future growth. The Zimbabwe Stock Exchange (ZSE)-listed industrial concern, which manufactures batteries, pens, stationery, tissues, hygiene products, and structural…

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Nampak to expand production capacity

NAMPAK Zimbabwe (Nampak) says it has lined up several capacity expansion projects currently under review aimed at boosting its production. This comes as the packaging material supplier increased its capital expenditure by 3,42 percent to US$3,62 million during the year ended September 30, 2025, from US$3,5 million a year earlier. The group wants to modernise…

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Digital transformation redefining marketing

By Elizabeth Ndhlovu-Dumbreni AS we begin 2026, marketers are operating in an environment shaped by rapid technological advancement, increased digital adoption and expanding cross-border markets. Artificial Intelligence, automation and data analytics are redefining how brands engage consumers, while regional and global platforms are opening Zimbabwean businesses to audiences far beyond national borders. This presents both…

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