finance

Parliament raps Mines Bill

THE proposed Mines and Minerals Bill has been hit with an adverse report from the Parliamentary Legal Committee, citing widespread constitutional violations and governance flaws.The committee unanimously agreed that the Bill contained provisions that, if enacted, would violate the Constitution.A major contention centres on the Bill’s failure to include artisanal miners in the definition of…

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ZSEH bets on new VFEX listings

THE Zimbabwe Stock Exchange Holdings (ZSEH) is expecting new listings on the Victoria Falls Stock Exchange (VFEX) in the second half of the year to drive trading volumes and subsequently grow group earnings.The VFEX, a subsidiary of ZSEH, has been attracting interest from foreign and local companies, and during the first part of the year,…

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All eyes on minister as 2026 budget gets closer

FINANCE minister Mthuli Ncube should focus on pragmatic, business-centred reforms as he prepares to present the 2026 national budget next month.So say business leaders and economists, who add that steering the economy towards inclusive growth, fiscal discipline and industrial transformation is key for Zimbabwe’s long-term prosperity.Speaking to The Financial Gazette — the country’s number one…

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Mutapa bankrolls ZETDC efficiency drive

THE Mutapa Investment Fund says it is allocating capital to the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) to help lower the cost of electricity transmission and distribution.Zimbabwe’s electricity costs remain high due to rising input expenses and tariffs, while distribution continues to suffer from limited generation capacity, poor maintenance, and inadequate investment.“Our generation costs…

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‘Unfavourable’ cost structure chokes Hippo

HIPPO Valley Estates (Hippo Valley) is reeling from an unfavourable cost structure within its operations characterised by high cane and manpower costs, resulting in significant profit margin erosion.According to the group, costs are predominantly driven by an exorbitantly high minimum wage, an uncompetitive cost of cane under the Cane Purchase Agreement (CPA), and the division…

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StarAfrica in cost-saving drive

STARAFRICA Corporation (StarAfrica) is seeking to contain rising operational costs driven by higher production volumes as it moves to strengthen profit margins.The group’s operations include manufacturing, distribution, and marketing of sugar-based products through its business units, Goldstar Sugars and Country Choice Foods. In its annual report for the year ended March 31, 2025, the group…

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Balancing risk and promise in AI literacy journey

By Ephias Ruhode A PIECE in a local daily titled “AI Wildfire: A memo to Zimbabweans,” (https://www.heraldonline.co.zw/ai-wildfire-a-memo-to-zimbabweans/), on October 17, by one Dr Evans Sagomba raises vital questions about artificial intelligence (AI). It highlights real risks and the urgent need for oversight as these technologies sweep across the globe. This cautionary perspective is valuable, especially…

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Unifreight in revenue diversification push

UNIFREIGHT is focusing on diversifying revenue heads through accelerating its regional offensive, scaling up its (fourth-party logistics) 4PL division, and expanding its fleet to meet demand capacity for the upcoming 2026 tobacco season.The transport and logistics firm has been steadily growing its domestic operations and now sees regional expansion as a low hanging fruit to…

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