THE Judicial Services Commission (JSC) says the commercial division of the High Court will go fully digital in January, 2022 along with the other superior courts, a development which is expected to improve the country’s ease of doing business rankings. This will be done through the implementation of an Integrated Electronic Case Management System (IECMS).…
ZIMBABWE and the rest of Southern Africa are on the edge, amid fears of protracted instability and violent riots in South Africa, which this week disrupted access to the key regional trade port of Durban. Experts who spoke to The Financial Gazette yesterday said the startling mayhem which is being witnessed in South Africa, the…
FINANCE minister Mthuli Ncube says the government will be flexible on the insurance industry’s compliance with minimum prescribed asset status, as the sector struggles to fulfil its quotas. This comes after the Insurance and Pensions Commission (Ipec) reported that none of the country’s 18 short-term insurers complied with the minimum prescribed assets ratio in the…
MEIKLES says it has invested US$21 million in its plantations since 2011 as part of an ongoing diversification scheme. This comes amid growing international interest in superfoods, such as macadamia nuts and avocados, by an increasingly health-conscious market. “Meikles has provided additional capital to Tanganda since 2011 to support the crop diversification thrust. This capital…
THE Zimbabwe Stock Exchange (ZSE)’s Small Cap Index gained 298 percent during the second quarter of 2021, driving the market’s returns to an inflation beating 38 percent. Second quarter returns for the Top Ten and Top 15 indices were relatively tapered at 20,8 percent and 22,9 percent respectively, but remained aggressively ahead of official inflation…
THE opening up of business during the fourth quarter of 2020 drove rental yields increases, a wealth management firm has said. First Mutual Wealth (FMW) said average rental yield among Zimbabwean property firms ranged between two and six percent for the full year to March 31, 2021, up from a band of 0,1 to three…
ZIMBABWE Investment and Development Agency (ZIDA) says the development of an operationalisation framework for the Victoria Falls Special Economic Zone (SEZ) has received a huge boost from coordination with the International Finance Corporation (IFC). IFC — a sister organisation of the World Bank and member of the World Bank Group — is the largest…
Twenty-time Grand Slam champion Roger Federer and British number one Johanna Konta have both pulled out of this summer’s Tokyo Olympics. Federer, 39, has suffered a setback with an existing knee injury. The Swiss legend won doubles gold at Beijing 2008 and silver in 2012, losing the singles final to Andy Murray. Konta, 30, has…
THE Zimbabwe National Chamber of Commerce says it is focusing on building local business’ capacity to exploit opportunities under the recently launched African Continental Free Trade Area (AfCFTA). The business-member organisation and the United Nations Development Programme (UNDP), together with the United Nations Economic Commission for Africa (UNECA) and other partners ― including ZimTrade and…
ZIMBABWE has started to draw down on a US$11 million facility from the Africa Export and Import Bank (Afreximbank) to more than double its Ammonium Nitrate (AN) fertiliser production in time for the next farming season. Following a bumper harvest this year the government is undertaking reforms to the agricultural value chain to anchor economic…
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