Tongaat Hulett, a 134 year-old South African sugar maker, is on the brink of collapse again as its administrators prepare to place the firm into bankruptcy, according to people with…
Advertisements By Memory NguwiAdvertisements IMAGINE what organisations could actually get done if they hired people who genuinely had the capacity to do the job, rather than relying on qualifications, job titles, or long lists of previous roles. In my work, the most common problem I see has nothing to do with effort, attitude, or commitment.…
Advertisements INDUSTRY has urged authorities to review and extend the deadline for submitting indigenisation compliance plans.Advertisements They cite the need for a consolidated one-stop shop to handle all compliance requirements and submissions. The policy, which requires foreign-owned firms to submit compliance plans to cede up to 75 percent of their shares within three years, targets…
Advertisements CONTINUING delistings from the Zimbabwe Stock Exchange (ZSE) by blue-chip companies aren’t good news and signal deeper structural weaknesses in the country’s capital markets, analysts say.Advertisements This comes after telecoms giant, Econet Wireless, became the latest top firm to make decisive moves to exit the ZSE. Counters such as Padenga, Innscor, Simbisa, Axia, FCB…
Advertisements THE United States (US) is showing growing confidence in Zimbabwe’s mining sector, with American businesses preparing to increase investment in the country.Advertisements The move comes as Harare steps up efforts to strengthen relations with the US and Western nations, signalling a new era of economic engagement and opportunities for the local mining industry. Speaking…
Advertisements MUTAPA Investment Fund (MIF)’s unbundling of its mining subsidiary, Kuvimba Mining House (KMH) is expected to attract targeted investor interest in specific mineral entities, the sovereign wealth fund’s chief investment officer Simbarashe Chinyemba has said.Advertisements The move, announced last week at a press conference, is part of MIF’s strategy to unlock greater value from…
ZIMBABWE’S current account surplus, at nearly 3,8 percent of gross domestic product (GDP), is expected to persist throughout much of this year, the International Monetary Fund (IMF) has said. This…
SEED Co is intensifying its cash-based sales strategy to boost liquidity, eliminate bad debt and reduce operational overheads, the company’s secretary Faithful Sithole has said. The Zimbabwe Stock Exchange (ZSE)-listed…
ZIMBABWEAN businesses must view tax compliance as a catalyst for inclusive growth and economic stability, The Financial Gazette’s general manager sales and marketing, Shingirai Chirikuutsi, has said ahead of the…
Advertisements SCHWEPPES Holdings Africa volumes for the third quarter ended December 31, 2025 grew 31 percent year-on-year, supported by price moderation on the cordials range.Advertisements The firm’s parent company Delta Corporation said it also benefited from improved product supply of Minute Maid Juice Drinks and water following the restoration of the packaging lines. “The business…
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