finance

ZIMBABWE Stock Exchange (ZSE)-listed companies that released financial results and announced trading updates recently say profit margins have been dampened by the growing gap between the official and parallel market …

AFRICAN Sun (Afsun) is lining up a US$10 million investment for hotel refurbishments in anticipation of improved tourism activity this year. In a trading update for the first quarter to …

ZIMRE Holdings Limited (Zimre) seeks to develop an independent wealth management arm, which will inform and direct the group’s investment initiatives. This comes as the diversified group last year announced …

THE Harare City Council (HCC) and Geo Pomona Waste Management (Pvt) Ltd yesterday said they are ready to work with all stakeholders on the €303.9 million Pomona dumpsite project.

TOP economist Gift Mugano has cast doubt over the practicality of the government’s plan to compensate individuals for losses suffered due to a statutory exchange rate movement on February 20, …

PARLIAMENT recently passed the Pension and Provident Fund Amendment Bill. The Bill, together with the Insurance and Pensions Commission Bill and the Insurance Bill — still before the National Assembly …

AFRICAN Century is optimistic that the government will deliver on its promise to settle legacy foreign debts, which were registered as “blocked funds”. Between 2015 and 2019, a number of …

INNSCOR Africa’s (Innscor) bakery division, Baker’s Inn, is targeting to ramp up daily bread production to one million loaves from about 450 000. The chief operating officer of the company’s …

THE government has cleared the air on confusion that had been created by an error in President Emmerson Mnangagwa’s capital gains tax (CGT)N review pronouncement last weekend. The President had …

CALEDONIA Mining Corporation Plc says its secondary listing on the Victoria Falls Stock Exchange in late 2021 has seen the gold miner registering an increased proportion of revenues in US …