FALCON Gold Zimbabwe (Falgold) is seeking shareholder approval to delist from the Zimbabwe Stock Exchange (ZSE), which it says has failed to provide an avenue for funding. The ZSE halted trading in the shares of the gold-miner in February when it initially made the request. “While one of the often-cited benefits of a stock exchange…
SOUTH African cement producer, PPC says its Zimbabwe subsidiary has seen considerable growth in sales volumes despite disruptions caused by the Covid-19 pandemic. Despite a significant slump in South Africa, in aggregate, the company said total cement volumes sold showed double-digit growth comparing July 2020 with July 2019. “In the international subsidiaries, the businesses have…
LOW cost operator Nu Aero (Private) Limited, trading as Fly Africa Zimbabwe (FlyAfrica), has been dragged to the High Court by Blossom View Holdings Limited (Blossom) after failing to transfer shares to the foreign investor. In a recent court affidavit, the Mauritian-based company accused Cassidy Mugwagwa’s firms, including Lowcost Enterprises (Lowcost), of failing to honour…
THE Zimbabwe Stock Exchange (ZSE)’s latest review of its Top 10 Index constituents has seen four counters being displaced from the heavies list. The list is reviewed on a quarterly basis, but could not be appraised at the end of June as trading on the market was suspended at the time. A September 30 review…
THE rapid growth of capitalism through gigantic manufacturing industries as well as the miracle of the electronic age makes the fight against patent and trademark protection a near futile game. The appetite for affordable goods by consumers, the need for consumers to get protection against fake products, as well as the need by innovators to…
IT is fascinating that much of what humans do in life is searching for something. Life in itself requires one to find a good education, a job or income generating activity and most importantly a life-partner. Those who are lucky enough also find happiness. “Ask and it will be given to you; seek and you…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-263065.mp3?cb=1732288717.mp3THE employment relationship is coupled with a number of duties and obligations by either party, but one other aspect that employers use to motivate their employees is that of fringe benefits because they reduce expenses for employees. Fringe benefits are brought into gross income in terms of s8 (1) (f) of the Income Tax Act.…
THE government says it is now ready to process applications for financing guarantees to the private sector as part of its $18 billion Covid-19 stimulus package, which was first announced five months ago. Finance minister Mthuli Ncube first announced the rescue package in May, before denoting the guidelines and modalities for accessing the funds in…
FACTORY gate prices are set to rise sharply in the coming weeks and months for many goods, in response to soaring production costs — including the recent whopping 50 percent power tariff hike. Experts who spoke to The Financial Gazette this week said Zesa’s new electricity charges, among other rising input costs, would disrupt the…
THE Supreme Court has blocked the Deposit Protection Corporation (DPC)’s bid to “submit fresh evidence and reopening of a case” in which it is seeking to transfer Zanu PF secretary for administration Obert Mpofu’s three companies into its name. This comes as the roly-poly politician has been tussling with the state-controlled entity — liquidators of…
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