COMMODITY and miner, Kuvimba Mining House has declared a US$5,2 million maiden dividend to its local shareholders following a solid performance during the financial year ended 31 March 2021.
ZIMBABWE’S postmaster-general, Sifundo Moyo, has thrown his hat into the ring for the post of secretary general of the Pan African Postal Union (Papu). Papu is a specialised agency of the African Union that was formed in 1980. It is set to hold its plenipotentiary meeting in Victoria Falls this month. Moyo’s candidature has been…
PROPERTY mogul, Philip Chiyangwa, has announced that his hotel chain ― the Aristotle Corporation ― would be completing its multi-million dollar plush seven-star Pentagon Boutique Hotel in Borrowdale by year-end. This comes as Aristotle has embarked on constructing hotels in resorts across the country, following an upturn in the economy and expanded Covid-19 vaccination programme.…
ZIMBABWE’S corporates have emerged as the biggest beneficiaries of the economy’s continued stability over the past year, which contributed significantly to the incomes of most companies that posted stellar results in recent trading updates. The ZWL$ has held steady against the US$ for close to a year, with inflation declining from 836 percent in July…
RAINBOW Tourism Group (RTG) says its diverse business portfolio and optimum geographical dispersion helped it to navigate the uncertain business terrain resulting from the effects of the Covid-19 pandemic. Arthur Manase, the board chairman, said the group continued to be resilient in the face of significant uncertainty created by the pandemic. “At a time when…
THE National Building Society (NBS) achieved an inflation adjusted surplus of $67 million for the year ended December 31, 2020, up from a profit of $53 million in the prior comparative period. This was despite what the society termed an “adverse performance” in the first half of the year. According to NBS, this was largely…
THE Insurance Brokers Association of Zimbabwe (IBAZ) last week elected Momentum Insurance Brokers chief executive officer, Takura Dzimwasha (TD) as chairman. The Financial Gazette Group Digital Editor Paul Nyakazeya (PN) caught…
By Hilary Muza At THE centre of the majority of legal disputes invariably lies a thing, commonly referred to in legal parlance as the “res”. These can be physical things…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-272972.mp3?cb=1732295254.mp3THE country generally provides importation relief to immigrants covering returning residents and students as well as expatriates and non-residents taking up employment in Zimbabwe. The relief enables these people to import their personal possessions including non-commercial motor vehicle free of duty or at reduced duty rate. However, in recent times there has been a surge…
THE Zimbabwe Stock Exchange (ZSE) is likely to rally further despite concerns that it is now overvalued, an equities firm has said. The market gained $90,72 billion in May, stretching its year-to-date gains to 105 percent, with some analysts warning valuations are now too high. Akribos Research (Akribos), however, says the bourse is likely to…
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