JSE-listed retailer Woolworths reported a 6.8% rise in turnover and concession sales to R81 billion for the 52 weeks ended 30 June 2025, it announced in a Sens statement on Wednesday. Headline …
finance
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International News
South Africa’s big energy users want review of Eskom tariff hike
by Staff Writerby Staff WriterSouth Africa’s biggest energy users criticised a R54 billion ($3 billion) settlement between the state power utility and regulator and called for a review of the process to determine electricity …
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OpenAI has agreed to buy product testing startup Statsig for $1.1 billion in an all-stock deal, the company said, marking one of the largest acquisitions in the ChatGPT maker’s history. Statsig, …
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International News
Trump says not considering lowering tariffs on India imports
by Staff Writerby Staff WriterPresident Donald Trump says he’s not looking at lowering tariffs on India, one week after the US doubled levies on the country’s imports to 50% as punishment for its Russian …
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CBZ Holdings (CBZ) says it is exercising caution when seeking additional offshore credit due to prevailing high interest rates fuelling financing costs.Zimbabwe’s biggest bank by assets aims to maintain financial …
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FREIGHT transporter Unifreight Africa (Unifreight) says its fuel consumption in 2024 significantly decreased, resulting in reduced costs due to strategies implemented to improve operational efficienciesHigh fuel consumption, in this case …
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THE property sector in Zimbabwe is growing, driven by a rising demand for housing and infrastructure, experts say.This comes as new investments in residential developments are improving the market landscape.Spatial …
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THE Procurement Regulatory Authority of Zimbabwe (Praz) has launched a methodology for assessing procurement systems, ‘MAPS’, in a bid to bolster accountability and fiscal responsibility.This strategic initiative marks a pivotal …
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ZIMBABWE’s economy lost an estimated US$6,15 billion in illicit proceeds from financial crimes between 2019 and 2024, translating to US$1,23 billion annually, latest figures show.According to the Financial Intelligence Unit …
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LONDON-based wealth manager Shard Capital has initiated coverage on Kavango Resources with a risk-adjusted valuation of £64,3 million (1,9 pence per share) for the company’s Hillside Gold Projects in Zimbabwe.Hillside …
