AdvertisementsCIGARETTE manufacturer BAT Zimbabwe (BAT) described the first quarter of the year as the “toughest and driest” in terms of access to foreign currency allocation from the Reserve Bank of Zimbabwe (RBZ), highlighting the persistent shortage which the country was facing. Giving a trading update at the company’s annual general meeting last Friday, BAT managing…
AdvertisementsPADENGA Holdings shareholders have approved a resolution to amend the company’s share option scheme to allow non-executive directors to be eligible to be awarded share options. The resolution, which passed by a vote of 57 percent, amended the definition of the term “Employee” in the Padenga Share Option Scheme, which was approved by shareholders in…
AdvertisementsTHE persistent monetary crisis has pulled the Zimbabwe Stock Exchange out of a euphoria-driven slump that was triggered by the resignation of Robert Mugabe in November last year. Since mid-March, the market has gained about $2 billion in a recovery that defies the fundamentals, with stocks still overvalued. This situation has been brought about by…
AdvertisementsFUNDING for voter education will be liberalised through the Electoral Amendment Bill that is awaiting President Emmerson Mnangagwa’s signature. A clause in the Bill will repeal a provision that required all foreign contributions for voter education to be channelled through the Zimbabwe Electoral Commission (ZEC). “No foreign contribution or donation for the purposes of voter…
AdvertisementsGOVERNMENT is implementing private sector reforms to improve ease of doing business to boost local and foreign investment, Energy Minister Simon Khaya Moyo has said. Speaking at the launch of the Zuva Petroleum and New York Stock Exchange-listed Valvoline Inc partnership last Thursday, Moyo said Zimbabwe’s competitiveness as an economy and investment destination was not attractive,…
AdvertisementsAN export incentive scheme unveiled by the central bank two years ago spurred growth of exports at listed agro-industrial firm Ariston Holdings Limited, which yesterday reported a 53 percent rise in revenue to $5,3million for the half year to March 31, 2018. Ariston, which recorded over $3,48 million in revenue the previous year, said growth…
Advertisements PLANS to expand Zimbabwe’s lithium operations could increase the country’s commodity risk exposure, the World Bank has said. In a report published last month, the World Bank said the southern African country is vulnerable to falling commodity prices. “While Zimbabwe currently enjoys a favourable external environment, its economy remains vulnerable to falling commodity prices.…
Advertisements TOMORROW will mark Peter de Villiers’ 100th day as Zimbabwe senior rugby coach. The 60-year-old former Springboks coach, who was officially unveiled as the Sables coach on February 7, described the appointment as the “greatest day of his life” — because the people of Zimbabwe believed in him. One hundred days on, deflation, lack…
AdvertisementsZIMBABWE’S parliament has rejected a proposal to pay allowances to President Emmerson Mnangagwa and his two vice presidents Constantino Chiwenga and Kembo Mohadi’s spouses on the basis that it was illegal and unsustainable. The development comes as Mary Chiwenga — Vice President Chiwenga’s wife — has reportedly won a multi-million dollar contract to manage government’s…
AdvertisementsOLD Mutual plc plans to delist its shares from the Zimbabwe Stock Exchange (ZSE) on Friday June 29 as part of the group’s managed separation aimed at enhancing shareholder value by separating its businesses. The delisting is subject to shareholders’ approval. The plan to finalise the managed separation will be done in three phases and…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More