Entering into contractual agreements in commerce and in our everyday lives always revolves around the same key principles. These are that there should be an offer and acceptance between two or more parties; consensus or “a meeting of the minds” on the terms of the contract; intention to abide by the obligations of the contract;…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-282409.mp3?cb=1732288064.mp3A trust is an arrangement between a founder and trustee under which assets are held by the trustee for the benefit of beneficiaries. It is a product of a contractual arrangement and differs from a company, which needs to be registered in terms of the Companies Act. A trust, even though it is not a…
BUSINESS has implored authorities to come up with new and effective confidence-building measures to shore up the faltering local economy. Speaking to The Financial Gazette during the well-attended Zimbabwe National Chamber of Commerce’s (ZNCC) annual congress in Victoria Falls last week, business leaders said among the issues that needed urgent attention were the Zim dollar…
THE Zimbabwe Stock Exchange (ZSE) slump continued in June as it lost $410 billion to end with a market capitalisation of $2,48 trillion. This was, however, an improvement on a loss of $722 billion in May ― the worst in three years. This follows President Emmerson Mnangagwa’s economic measures that were meant to deter speculation…
THE Institute of Chartered Accountants of Zimbabwe (ICAZ) this week inducted 10 high profile public accountants, as part of an ongoing programme to professionalise the sector. In 2019, ICAZ was identified by the International Federation of Accountants (IFAC) to drive the public sector professionalisation project in the country. The institute has since developed a new…
RAINBOW Tourism Group (RTG) says it recorded a 110 percent increase in occupancy levels to 46 percent during the five months to May 2022 above the 22 percent recorded in the prior period. Addressing shareholders at the group’s annual general meeting last week, the group’s chief executive, Tendai Madziwanyika, said the increase in occupancy levels…
TSL will continue to pursue its “moving agriculture” strategy and invest accordingly to increase the group’s revenue and reduce operating costs. In a statement accompanying the group’s financial results for the six months to April 30, 2022, TSL chairman Anthony Mandiwanza said these “strategic investments” being adopted are expected to enhance group earnings, shareholder returns,…
CONTINENTAL hybrid mutual insurer, African Risk Capacity Limited (ARC Ltd), believes the Zimbabwean market is ripe for agriculture insurance products. ARC Ltd, which is a financial affiliate of the African Risk Capacity Group, provides parametric insurance services to African Union member states and farmer organisations. “Zimbabwe is one of the most exciting markets for agriculture…
WILLDALE reported an operating loss of $8,7 million for the half year ended March 31, 2022, due to cost pressures as well as the negative impact of late rains on volumes and profitability. Though revenue for the period under review was up four percent from prior year, the brick maker’s chairman, Cleophas Makoni, said the…
PPC Africa group says its Zimbabwe unit traded ahead of expectations despite an unstable macro-economic environment. Presenting the summarised financial performance for the year, group chief executive Roland van Wijnen said cement sales volumes increased by 28 percent for the 12 months ended March 31 2022, due to retail demand and support from government-funded…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More