BULAWAYO, October 17 (The Source) – South African retailer Pick n Pay says its Zimbabwe associate TM Supermarkets performance boosted the group’s half year revenue for its Rest of Africa division which increased by 12.6 percent to R2.3 billion ($170 million).
HARARE, October 16 (The Source) – Zimbabwe’s tax agency says it is only collecting about 30 percent of potential revenue as tax compliance remains a challenge.
HARARE, October 16 (The Source) – The Zimbabwe Stock Exchange opened the week on a high note adding 1,45 percent to close at 512,67 points.
HARARE, October 16 (The Source)- Zimbabwe’s annual inflation for September stood at 0.78 percent after gaining 0.64 percent on the August 2017 rate of 0.14 percent, the statistics agency reported on Monday.
By Karel Stander, JOHANNESBURG, October 16 (The Source) – Zimbabwe is an expensive tourist destination if one measures the value of the Rand (or Pula) against the Dollar and consider the most expensive border fees in the region. The average South African middle class tourist,… Read More
By Atukwei Okai, ACCRA – As the school year began this September, there was welcome news for Ghana’s nearly half-million students entering high school: President Nana Akufo-Addo had fulfilled his campaign promise of free secondary education for children nationwide. He swore not only to do… Read More
HARARE, October 15 (The Source) – Local investors reacted to a Cabinet reshuffle in the week by piling onto the stock market, leading to the mainstream index hitting another record setting level of 505,32 on Friday.As President Robert Mugabe has shown time and again, he… Read More
By Almot Maqolo, HARARE, October 13 (The Source) – Zimbabwe’s tax agency says it expects to surpass the $3,7 billion revenue target by at least 15 percent, as it ups collection efforts.
HARARE, October 13 (The Source) – Malawi-based First Merchant Bank ( FMB) has received regulatory approvals to acquire an effective 42,7 percent shareholding in Barclays Bank Zimbabwe, completing its takeover of the bank.
By Respect Gwenzi, HARARE, October 13 (The Source) – Predictions by renowned world economic bodies and the government point towards economic recovery in Zimbabwe at least over the next 3 years. Underlying this foreseen recovery is a projected sustained favourable rainfall pattern which is expected… Read More
By Brahima S. Coulibaly, WASHINGTON, DC – Between 2000 and 2014, Africa grew at a strong clip, fueling belief in the narrative of an “Africa rising.” But, since 2015, growth across Sub-Saharan Africa has weakened, and the poor outlook for commodity prices has cast doubt… Read More
By Simbarashe Zishiri, HARARE, October 13 (The Source) – Zimplats says it is already compliant with Zimbabwe’s beneficiation requirements and will not be affected by the imposition of the punitive 15 percent levy on unprocessed platinum exports from next year, according to chief executive Alex… Read More
HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National Breweries Plc (NatBrew), from its parent firm, Anheuser-Busch InBev SA/NV (AB InBev).Company secretary Alex Makamure said… Read More
HARARE, October 12 (The Source) – The Zimbabwe Stock Exchange market capitalisation on Thursday reached $14,01 billion with market turnover amounting to $30,4 million, the highest daily turnover since 2014.
HARARE, October 12 (The Source) – Life assurers reported a 9 percent decline in profit to $33 million in the quarter to June from $37 million in the comparable period last year on increased operating expenses. Net premiums fell 1,7 percent to $174 million in… Read More