BULAWAYO, June 19 (The Source) —Clothing retail chain Edgars Stores says the rapid increase in unregulated commerce in the country is hurting its operations as it is made to compete with businesses that do not pay tax. Edgars – a local unit of South Africa’s… Read More
HARARE, June 19 (The Source) – Zimbabwe’s annual broad money supply grew by 22,67 percent in April to $6,2 billion, largely driven by an increase of 31,22 percent in transferable deposits, latest data from the central bank has shown. However, negotiable certificates of deposits (NCD)… Read More
HARARE, June 16 (The Source) – Tendai Biti, opposition doyen, top lawyer and former Finance Minister, and Kudzai Chipanga, a Zanu PF rabble rouser who believes his leader is an angel of God, have more in common than they would ever admit. Last week, it… Read More
HARARE, June 15 (The Source) – Grain deliveries to the Grain Marketing Board for the 2016/17 farming season have doubled to 60,000 tonnes compared to the corresponding period, an official told The Source on Thursday. Farmers started delivering to the GMB in April. GMB vice… Read More
HARARE, June 15 (The Source) – Zimbabwe has the capacity to produce 1,600 megawatts (MW) of electricity from renewable energy resources by 2030, more than its current demand but lacks technology to exploit its resources, the energy minister, Samuel Undenge said on Thursday. “Our country,… Read More
The Securities and Exchange Commission of Zimbabwe (SECZ) says it will soon introduce online trading and reporting of securities transactions and investments for the capital markets to promote financial inclusion and deepen local capital markets. SECZ chief executive, Tafadzwa Chinamo told business leaders at the… Read More
By Simbarashe Zishiri, HARARE, June 14 (The Source) – Zimbabwe’s largest mobile operator, Econet continues to leverage on broadband and mobile transactions growth to protect its topline against a background of waning voice and SMS revenues owing to the downside presented by over-the-top (OTT) services.… Read More
GWERU, June 13 (The Source) – Chrome ore prices are projected to remain depressed in the short-term, posing a threat to Zimbabwe’s vibrant small-scale mining industry, an official has said. A glut on the international market has resulted in the price of chrome ore plunging… Read More
HARARE, June 13 (The Source) – Zimbabwean investment group, Brainworks Capital says it plans to list on the Johannesburg Stock Exchange (JSE) later this year, with an Initial Public Offer (IPO) that seeks to raise about $25 million set for next month. The Mauritius-domiciled Brainworks… Read More
KWEKWE, June 13 (The Source) – The newly constructed Livetouch Cement manufacturing plant in Redcliff near Kwekwe has began production, but on a low scale, the chief executive has said. “We have started producing cement but its demand based. We are still testing the market… Read More
HARARE, June 13 (The Source) – Government says its decision to freeze recruitment of public sector workers has lowered its wage bill to 65 percent of expenditure, from around 85 percent previously and resulted in monthly savings of $10 million. Zimbabwe, with a budget funded… Read More
HARARE, June 12 (The Source) – State owned Agricultural Development bank of Zimbabwe (Agribank) reported a profit of $1,8 million for the five months to May, over three times the budget, driven by Treasury Bills interest income.
HARARE, June 12 (The Source) – South Africa’s Alexander Forbes Group Holdings has acquired Zimbabwe’s largest independent actuarial firm, African Actuarial Consultants (AAC).
BULAWAYO, June 9 (The Source) – Zimbabwe’s tourism fair, Hlanganani/Sanganai Travel Expo has boosted tourist arrivals by 700,000 since its launch 10 years ago according to the Zimbabwe Tourism Authority (ZTA) chief executive officer, Karikoga Kaseke. By comparison, Malaysia which launched its ‘Malaysia Truly Asia’… Read More
HARARE, June 9 (The Source) – Milk production in the first five months to May marginally declined to 25,7 million litres from 26,5 million litres in the prior year, latest official figures show. Milk intake by processors was down to 22,9 million litres from 23,5… Read More