THE struggles of Zimbabwe’s formal retail sector are more than just a tale of declining sales and closures, they are a harbinger of deeper economic troubles if systemic issues, particularly currency instability, are not addressed.AdvertisementsThe plight of major retailers like TM Pick n Pay, OK Zimbabwe, and FoodWorld, as detailed in our page 3 story…
Erling Haaland has signed an extraordinary new nine-and-a-half-year deal with Manchester City.AdvertisementsThe 24-year-old superstar has committed his future to the club until the summer of 2034 in what is thought to be one of the most lucrative sporting deals in historytalkSPORT understands Haaland’s new basic salary makes him the first ever Premier League player to earn £500,000-a-week,…
Chicago Fire are in talks over a surprise move to bring Brazil striker Neymar to Major League Soccer.AdvertisementsThe 32-year-old is out of contract with Al-Hilal in the summer after two years in the Saudi Pro League.The Eastern Conference side would be able to make the deal work financially and negotiations are continuing with the Pro…
Two-time champion Naomi Osaka is out of the Australian Open after she was forced to retire injured from her third-round match against Belinda Bencic.AdvertisementsJapan’s Osaka was playing in the third round of a Grand Slam for the first time since returning from maternity leave last year.The four-time major winner stormed to a 4-1 lead in…
Top seed Aryna Sabalenka continued her bid for a third consecutive Australian Open title with victory over Denmark’s Clara Tauson in straight sets.AdvertisementsThe 26-year-old Belarusian was made to work for her 7-6 (7-5) 6-4 win on Rod Laver Arena but secured victory in two hours six minutes to progress to the fourth round.There were 11…
Manchester United have turned down an approach for winger Alejandro Garnacho from Italian side Napoli.AdvertisementsThe Serie A side have made Garnacho, 20, their number-one target and plan to use money raised from Khvicha Kvaratskhelia’s impending move to Paris St-Germain.However, they have failed with an initial approach for Garnacho that fell significantly below the Red Devils’…
ZIMBABWE’s economy is projected to grow to 2,3 percent this year, slightly lower than the 2,4 percent estimated in 2024, according to the World Economic Situation and Prospects report by the United Nations.The projections come as the government expects a six percent growth this year buoyed by the projected favourable 2024/25 agricultural season, increased investments…
IN A bid to unlock Zimbabwe’s meat export potential, Zimtrade, the country’s trade development and promotion agency, has urged local meat producers to expedite halaal certification processes to meet international standards.AdvertisementsAs global demand for halaal products continues to rise, achieving certification is no longer merely a regulatory requirement but a gateway to accessing lucrative international…
NYARADZO Life Assurance Company (Nyaradzo) has emerged as the dominant player in Zimbabwe’s life assurance sector, securing an impressive 46,6 percent share of the market by revenue for the first nine months of 2024.The company’s success is largely attributed to its strong performance in funeral assurance, which remains a cornerstone of the life assurance industry…
BUSINESS is reeling from the country’s ailing economy and the unintended consequences of recent interventions by authorities to steady the ZiG and curb inflation.AdvertisementsWhile these policy measures have brought relative stability to the market, experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for commerce and industry…
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