finance

THE introduction of the RTGS dollar has created challenges for Zimbabwe’s banking sector, the International Monetary Fund (IMF) has said. This comes as the southern African country’s monetary authorities have …

NAMPAK, Africa’s largest diversified packaging manufacturer, says it is withholding dividends to shareholders due to a worsening liquidity crisis in Zimbabwe. Although volumes at the Zimbabwe unit have continued to …

DELTA Corporation (Delta), Zimbabwe’s largest beverages manufacturer, is expanding its wings in the region to generate more foreign currency. This comes as the company has been failing to access enough …

Bangladesh stunned South Africa to start their World Cup campaign with a fine 21-run victory at The Oval. Bangladesh made 330-6 – their highest one-day total – with Mushfiqur Rahim …

PRESIDENT Emmerson Mnangagwa government’s flawed policies around the flow and exchange of foreign currency have been blamed for illicit financial flows out of Zimbabwe. This comes as Treasury this week …

THE RTGS dollar continues to take a heavy battering against most major currencies — amid worrying indications that it may soon trade above 10 to the American unit, as the …

OUTGOING British American Tobacco Zimbabwe (BAT) managing director Clara Mlambo says she was not ‘pushed out’, contrary to market perceptions. Mlambo announced her resignation on Monday, in a development that …

RICHMOND Furnitures managing director Henry Ruzvidzo is today expected to be elected the new Confederation of Zimbabwe Industries (CZI) president when the organisation holds its annual general meeting (AGM) in …

FOREST estates and saw-milling company Border Timbers (Border), currently under administration, says its lumber production for the eight months to February 2019 was significantly affected by power outages. The company …

NATIONAL Foods (NatFoods), one of Zimbabwe’s food processing giants, is struggling to import raw materials after the central bank failed to remit its US$54,9 million legacy debt owed to a …