OVER the past year and a half, the Covid-19 pandemic has turned our lives upside down. We have lost colleagues, friends and family. Our routines have been unsettled. Life is just no longer what we were used to. On the business side of things, supply chains have been disrupted and, in some instances, entire businesses…
THE Cotton Company of Zimbabwe (Cottco) says it expects to buy 68 000 tonnes more cotton from farmers this year, compared to the previous season, on the back of improved rainfall and availability of inputs. In a trading update for the first quarter ended June 30, 2021, the company said it was targeting an intake…
THE Zimbabwe Stock Exchange (ZSE) extended its lead over regional markets with gains of 38 percent during the second quarter of 2021, 18 percentage points ahead of the second best — the Ghana Stock Exchange (GSE). The ZSE gained 148 percent during the first half, compared to the GSE’s returns of 36 percent, and third…
DELTA Corporation (Delta), says it is optimistic that Zimbabwe will soon relax Covid-19 restrictions, resulting in a rebound to business activity, on account of the significant progress made in the rollout of vaccines in the country. With a million people already inoculated, Zimbabwe is scaling up its vaccination programme as it aims to inoculate at…
THE government is offering tax deferments and duty rebate to support struggling companies hit hard by the coronavirus pandemic. Local firms were already reeling under operational pressures arising from limited access to fresh capital long before the pandemic broke out. “The ministry is providing an enabling environment by assisting companies to access funding through IDC,…
THE Zimbabwe Revenue Authority (Zimra) is carrying out risk-based audits with assistance from tax inspectors, as well as intensifying intelligence gathering on business activities to plug revenue leakages. In a statement accompanying the tax collector’s second quarter performance this week, Zimra vice board chairperson, Josephine Matambo, said there was a deliberate effort to implement various…
THE scourge of Covid 19 has forced businesses to find new and effective ways of working. With ever-tightening lockdown regulations being enunciated by government, employers need to find a way to work round the negative effects of the pandemic while remaining productive. The most common adaptation that commerce has had to employ is working from…
CONSUMER discretionary stocks were the best performing cluster on the Zimbabwe Stock Exchange (ZSE) during the second quarter of 2021, with aggregate returns of 60 percent, compared to 38 percent for the All-Share Index. The bunch is made up of companies that provide non-essential services and products such as Edgars, Truworths and Simbisa Brands. During…
THERE could be a silver lining to the devastating riots which recently pummelled South Africa (SA) if this spurs the local manufacturing sector and chips away at Zimbabwe’s high dependence on the neighbouring country, experts say. This comes as SA, the regional economic powerhouse and Zimbabwe’s biggest trading partner, continues to reel from the horrific…
INSURANCE and pension companies face closure if they fall foul of a new industry framework meant to protect customers and end unfair practices. According to the industry regulator, the Insurance and Pensions Commission (Ipec), firms which receive more than 50 valid complaints from customers would be shut down under the Treating Customers Fairly Framework, which…
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