THE Nedbank Group (Nedbank) last week said its Zimbabwean unit, which has been a strong contributor to performance, would be a key player for its growth strategy going forward. The group reported a solid financial performance for the financial year to December 2021, with headline earnings increasing by 115 percent to about R11,7 billion,…
ZIMTRADE says it is stepping up efforts to capacitate the creative industry to improve its competitiveness in export markets. In a recently released note, the trade development and promotion body said these engagements were expected to feed into the current national drive to diversify exports, as well as growing exports of services by at least…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-280042.mp3?cb=1732288246.mp3REMUNERATION means any amount of income paid or payable to any person by way of a salary, leave pay, allowance, wage, overtime pay, bonus, gratuity, commission, fee, emolument, pension, superannuation allowance, retiring allowance, stipend or commutation of a pension or an annuity, whether in cash or otherwise, and whether or not in respect of services…
INDUSTRY fears that a poor agricultural harvest will put even more pressure on the country’s scant foreign currency resources, leading to higher costs of doing business and more price increases. This comes as a prolonged dry spell has resulted in moisture stress in crops, heightening concerns that the country will not be able to meet…
THE Zimbabwe Insurance and Pensions Apex Council (Zipac) has continued to lobby for concessions on trading in the suspended fungible stocks on the Zimbabwe Stock Exchange (ZSE) – PPC and Old Mutual. The industry representative body, which is the major investing constituency in the country, has long insisted that the continued suspension of the counters…
THE Tobacco Industry Marketing Board (TIMB) says it has engaged a consultant to carry out a baseline survey of the country’s compliance level in international standards for tobacco production, to preserve its existing markets in the face of rising anti-tobacco campaigns. Higher taxation and increasing health awareness among consumers have reduced smoking rates, amid efforts…
THE insurance and pensions industry is pushing for the finalisation of a plan to compensate thousands of policyholders who lost their savings in 2009, when the domestic currency was demonetised. Seven years ago, a commission of inquiry into currency conversions found that policyholders lost about US$3 billion to inflation and the absence of a definitive…
SOLGAS Energy (SolGas) has begun the second phase of its Cross Mabale solar power plant expansion, to add a further 10MW to the first phase 5MW output capacity. The Hwange plant, which is connected to the national grid, has a capacity of 5 MW, which is enough to power about 10 000 households. The second…
FOREIGN investors were net sellers of shares worth $162 million on the Zimbabwe Stock Exchange (ZSE) in February, official data shows. The data provided by the local bourse shows that total foreign purchases during the month were $659 million, while sales came to $821 million. Significant net sales were recorded in Tanganda 172,81 million, Hippo…
AGRO-SEED producer Seed Co says it will continue to innovate to come up with varieties that promote climate change adaptation and crop diversification. This comes as the company launched three new maize varieties ― SC 303, SC 437 and SC 547 ― at a field day in Goromonzi this week. Seed Co managing director Terrence…
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