TREASURY expects total revenue collections to reach ZiG270,3 billion (US$7,5 billion) this year, against a projected total expenditure of ZiG276,4 billion (US$7,7 billion). Finance minister Mthuli Ncube said preliminary outturn …
finance
-
-
PROSPECT Resources (Prospect) is disposing of its Step Aside lithium project in Zimbabwe for US$2,2 million to Fatima Resources, with proceeds to be channelled toward exploration at its Mumbezhi copper …
-
PLATINUM miner Zimplats says operational costs rose 21 percent year-on-year during the quarter ended September 30, 2025, primarily driven by employment costs and open pit mining. This comes as platinum …
-
SIMBISA Brands (Simbisa)’s revenue for the current financial year ending June 30, 2026 is projected to grow by 16,5 percent to US$356,92 million, driven by store expansion and stronger delivery …
-
THE Zimbabwe Power Company (ZPC) awarded contracts worth US$10 million in the third quarter of 2025 to supply engineering materials, electrical components, and related services to maintain and upgrade its …
-
AFRICAN Distillers (Afdis) spent US$42,24 million on total procurement during the year ended March 31, 2025, with local supplies accounting for nearly half the total, the company said in its …
-
THE government is now providing sovereign guarantees to power projects after the local energy regulator revealed that more than half of licenced independent producers are yet to begin operations. The …
-
EXPERTS have called for fundamental changes to lending frameworks, warning that eroded confidence in the country’s banking system continues to discourage savings and restrict access to housing finance. Speaking at …
-
RETAILERS have urged local authorities and business operators to swiftly implement the government’s new ease-of-doing-business reforms, warning that delays could undermine the intended benefits for the retail and wholesale sector. …
-
MAINTAINING ZiG in the deflationary path could significantly boost confidence in the local currency and facilitate economic recovery, industry says. This comes as ZiG month-on-month inflation declined to -0,4 percent …
