Business News

2 years ago | April 14, 2022

Zacc clears air on Auditor General’s report

The Zimbabwe Anti- Corruption Commission (ZACC) has said the irregularities cited in the latest Auditor General’s ...

Textile giant exits judicial management

Business Writer DAVID Whitehead Textiles Ltd (DWTL) has been removed from judicial management, nearly a decade after it ...

Potraz gives network operators greenlight to adjust tariffs

Business Writer The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has allowed ...

2 years ago | April 13, 2022

BAT Zimbabwe tax contribution more than doubles

Business Writer BAT Zimbabwe’s tax contribution more than doubled in 2021 to $2,1 billion from $894 million in 2020 ...

Arden offers another winding down proposal

Business Writer Arden Capital (Arden) has re-proposed winding down operations after a lapse of its previous proposal due ...

Tobacco farmers earn US$31.4 million in a week

Business Writer/ NewZiana Tobacco farmers have grossed US$31.4 million from the sale of 11.4 million kgs of tobacco in ...

Cost of living spikes 18 percent

Business Writer  The cost of living for a family of six went up by 17,9 percent between the month of February and March ...

Despite ‘engagements’, SAA has about R1 billion stuck ...

news24.com Carin Smith South African Airways (SAA) still has about R1 billion in revenue from ticket sales stuck in ...

2 years ago | April 12, 2022

Cyber security threat as Zim embraces G5 technology

Enacy Mapakame As Zimbabwe embraces 5G network for a competitive economy, all stakeholders should ensure digital ...

Zim external debt arrears to hit US$13.3 billion     

Business Writer The International Monetary Fund (IMF) predicts Zimbabwe’s external debt arrears will between 2022 and ...

ZSE market cap hits $2,181 trillion

Business Writer Bulls charged on the Zimbabwe Stock Exchange (ZSE) with total market value jumping 8 percent week on ...

ZITF oversubscribed- official

This year’s edition of the Zimbabwe International Trade Fair (ZITF) is highly oversubscribed with organisers still ...

Former Tongaat execs and ex-CEO face racketeering charges

news24.com Former high-profile Tongaat Hulett executives, who have been criminally charged in an alleged R3.5-billion ...

Why Nigeria and other African countries are blocking cellphones    

news24.com This Monday, millions of Nigerians woke up to find that they had been barred from making phone calls. The ...

2 years ago | April 11, 2022

Trade deficit declines

Business Writer Zimbabwe in January 2022 exported goods worth US$543.9 million, 8 percent less than in December 2021. ...

Banks start forex willing buyer willing seller

Business Writer  Local banks have started showing indicative rates for the willing-buyer willing- seller foreign ...

What we learn about Zim’s investment options

Business Writer On the 26th of March 2022, the Insurance and Pensions Commission (IPEC) released the Pensions Report for ...

HIT realises $25 million in commercialisation deals

Business Writer Harare Institute of Technology (HIT) is now earning over $25 million a month from the commercialisation ...

UK finance minister faces further fire over wife’s tax status

Chancellor of the Exchequer Rishi Sunak leaves 11 Downing Street for the House of Commons to deliver his Spring ...

2 years ago | April 8, 2022

Brace for severe load shedding: Gata

Business Writer ZESA executive chairman, Dr Sydney Gata, has warned of severe power cuts in “the near future” arguing ...