MEIKLES says its TM Pick n Pay supermarkets will be fully stocked in anticipation of heightened festive season demand, supported by strong working capital.Advertisements In its financials for the six months to August 31, 2025, the group said its TM Pick n Pay supermarkets segment has already seen a marked increase in trading in the…
OK ZIMBABWE’S revenue for the six months to September 30, 2025 slipped 84 percent to US$28,3 million from US$177,4 million prior year due to continued decline in sales volumes.Advertisements The retailer saw volume sales tumble 83 percent from 139,88 million units in the prior period to 24,23 million units. “The volume decline resulted from a…
FBC Securities says demand for borrowing in Zimbabwe Gold (ZiG) for working capital is expected to continue declining in the absence of stronger pro-ZiG demand policies.Advertisements Demand for ZiG for working capital remains mixed. While official usage has increased, businesses continue to rely heavily on the United States dollar (USD) because of ongoing operational challenges…
BUSINESSES say the local currency has delivered short-term gains in stability and planning, as many remain sceptical about its durability over the long run, according to a 2025 survey by the Zimbabwe National Chamber of Commerce (ZNCC).Advertisements This assessment comes as Zimbabwe steadily builds its foreign currency reserves to support the ZiG currency, introduced in…
VICTORIA Falls heads into the 2025 festive season with steady hotel bookings, although the resort is unlikely to achieve the full occupancy levels it has traditionally enjoyed.Advertisements The peak festive period runs from 22 December to 2 January and has historically been driven largely by local travellers, particularly around Christmas. Hospitality Association of Zimbabwe (HAZ)…
THE Reserve Bank of Zimbabwe (RBZ) says the country has recorded a trade surplus over the past two months, signalling a tentative economic recovery and strengthening prospects for the continued stability of the ZiG currency.Advertisements The development follows a trade surplus of about US$7 million recorded in August 2025, with authorities projecting that the positive…
PROSPECT Lithium Zimbabwe (PLZ) remains optimistic about its outlook for next year, driven by the planned completion of its lithium processing plant in the first quarter.Advertisements The commissioning of the US$400 million lithium sulphate plant will mark full scale operations of PLZ’s twin company, Arcadia Technology Zimbabwe (ATZ). Both entities are owned by Shanghai Stock…
THE country’s dairy industry recorded strong growth in 2025, but farmers warn that the sector’s long-term viability remains under threat as producer prices continue to lag behind rising production costs.Advertisements Milk output surged to a record 10,7 million litres in October, lifting cumulative production to 99,6 million litres by the end of that month. The…
NATIONAL Tyre Services (NTS) is set to voluntarily terminate its Zimbabwe Stock Exchange (ZSE) listing on December 31, 2025 following approval from shareholders.Advertisements “In terms of Section 15 (d) of the ZSE Listing Requirements, holders of NTS securities are hereby advised that the securities can no longer be traded on the ZSE with effect from…
ECONET InfraCo, the infrastructure company being spun out of Econet Wireless Zimbabwe, is set to build a 300-hectare industrial Park near Robert Mugabe International Airport in Harare. The group plans…
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