CFI Holdings (CFI) has outlined plans to make broader cost cutting initiatives across its business operations as well as diversifying its agro-focused retail unit to minimize exposure to a major …
finance
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PADENGA Holdings says its crocodile business has returned to optimal skin volume production at improved quality placing it in a strong position to maximise skin sales realisations. The rebound follows …
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MICROLENDERS are urging the government to bolster incentives for businesses targeting the youth, a move they believe will catalyse job creation and foster sustainable growth. Despite demonstrating their potential to …
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Companies & Markets
Insurers grapple with IFRS 17 implementation challenges
by Omega Ukamaby Omega UkamaIN a recent conversation with The Financial Gazette’s Omega Ukama, ZIMRE Holdings’ senior group finance manager, Tafadzwa Mushayi, shed light on the implications of Zimbabwe’s recent transition to IFRS 17. …
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THE property market is grappling with a liquidity crunch, a situation that has been identified as the primary challenge currently plaguing the sector. Liquidity tightening, a scenario where cash is …
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ZIMBABWE’S banking sector is set to tread carefully on non-performing loans (NPLs) this year, in a bid to prevent a resurgence of escalating NPLs as the nation continues its dollarisation …
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https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-301994.mp3?cb=1732287629.mp3TAX compliance and administration in Zimbabwe has witnessed a significant transformation with the introduction of a new Pay-As-You-Earn (PAYE) return system. Effective from January 1, 2024, this new system aims …
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STATE-OWNED telecommunications company, TelOne, says it will make use of its existing infrastructure to set up three new data centres at an estimated cost of US$20 million, despite capital constraints. …
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WILLDALE spent eight times more on local procurement in 2023 than it did the previous year as the brick-making company sought to minimise lead time and stock holding costs associated …
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NMB Bank (NMB) is pursuing fresh lines of credit from undisclosed international funders to meet the growing demand for working capital financing in the local productive sectors of the economy. …
