IN chapter 28 we described the different types of savings products and how banks brand them to educate and attract customers. We discussed the features of savings products which encourage customers to keep more in this key bank product. We noted how there is a full suite of savings product offerings for all ages from…
FINANCE minister Mthuli Ncube says micro, small and medium-scale enterprises (MSMEs) in the country should be harnessed to boost value addition despite the serious operational challenges being faced by the sector. Speaking at the launch of the inaugural national survey report on manufacturing MSMEs last week, Ncube said that the sector had significant potential which…
A NUMBER of companies listed on the Zimbabwe Stock Exchange say they will invest in assets and strategies that hedge against inflation and exchange rate losses to preserve value and currency disparities during the current reporting period. According to financial results for the period to December 31, 2021, announced recently, companies’ inflation adjusted revenues and…
THERE comes a time when working individuals look beyond self-actualisation in their careers. After they have achieved a certain number of their personal goals, they begin to look beyond themselves and start to think about posterity. They begin thinking about accumulating as much wealth as they can for the sake of their children and/or other…
AUTHORITIES say the country’s de-dollarisation thrust is on course, although they will not divulge timelines and the progress made to date, for fear of stoking the parallel foreign currency market. “We don’t want to give too much information lest people take a position against the currency (Zim dollar). That’s what policy makers always grapple with.…
ASSOCIATED International Cement Limited (AICL) is still assessing offers for its 76,45 percent stake in Zimbabwe Stock Exchange-listed cement maker, Lafarge Cement Zimbabwe (Lafarge). In a cautionary statement on Wednesday, Lafarge said negotiations between the cement maker’s majority owner — AICL and a potential buyer had not materialised. This has resulted in AIC’s shares continuing…
FINANCE minister Mthuli Ncube has urged local companies to issue corporate bonds on the Victoria Falls Stock Exchange (VFEX), saying the private sector is under-utilising opportunities offered by the foreign currency denominated market. Launched in October 2020 the VFEX, which is the first bourse on the sub-continent trading exclusively in US$, so far has just…
PLAYERS in Zimbabwe’s dairy sector are exploring ways of supporting local producers to boost milk production. Zimbabwe last year produced 80 million litres of milk against total demand of 140 million litres. “What we are doing as a company and as an industry, in general, is to look at ways and means of supporting local…
THE government should come up with medium and long-term plans to provide tax relief and deal with the impact of the global oil price surge and the Russia-Ukraine war, business leaders and industrialists from various sectors of the economy have said. Captains of industry who attended a business breakfast meeting hosted by the Daily News…
THE property sector will be tilted in favour of storage, warehouse, retail, transport hubs and residential developments during the second quarter of the year, a financial service firm has said. In their economic and market review for Q1, First Mutual Wealth (FMW) said the central business district (CBD) office space and recreational developments were likely…
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