PLATINUM miner Zimplats’ total operating costs increased by 13 percent for the quarter ended December 31, 2022, due to high production volumes, inflationary pressures, and a 42 percent increase in …
finance
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National Report
Miners laud government move on royalties
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readMINERS have commended the government’s new directive for them to pay 50 percent of their royalties in kind, saying the move will not disrupt operations.Advertisements
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National Report
Zimbabwe to set up US$20 milllion lithium battery factory
by Almot Maqolo, Staff Writer 0 minutes readZIMBABWE is set to build a US$20 million lithium battery manufacturing factory as the country seeks to ramp up value addition efforts, Finance minister Mthuli Ncube says.Advertisements
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National Report
ZB targets high value clients
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readFINANCIAL services group, ZB Financial Holdings (ZB), is targeting high-value customers through its latest innovative product —Premium Service Centre — as the group moves to conclude its transformation journey this …
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FBC Securities says the Victoria Falls Stock Exchange (VFEX) is set for increased activity in 2023 buoyed by a growing number of listings.Advertisements
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Companies & Markets
Truworths focuses on cost rationalisation
by Mishma Chakanyuka, Staff Writer 0 minutes readCLOTHING retailer, Truworths says it will focus on productive cost rationalisation and working capital management as its volumes are currently under threat owing to the suspension of the local currency …
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THE Zimbabwe Stock Exchange (ZSE) is unlikely to see the same level of interest for listings this year that it did in 2022 due to its recent slump in trading …
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Companies & Markets
Afdis targets lost market share
by Farai Mabeza, Senior Staff Writer 0 minutes readAFRICAN Distillers (Afdis) says its spirits category grew by 19 percent benefitting from a focus on the affordable market segment, as the business seeks to regain share from cheaper and …
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Columns & CommentLegal Matters
LEGAL MATTERS: Carrying out estate planning the right way (II)
by Hilary Muzaby Hilary Muza 0 minutes readIN last week’s article, I discussed the importance of estate planning and the importance of engaging a legal practitioner to navigate all the issues connected with optimizing the administration of …
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Companies & Markets
IDBZ targets US$25mln irrigation bonds
by Farai Mabeza, Senior Staff Writer 0 minutes readTHE Infrastructure Development Bank of Zimbabwe (IDBZ) says it is this year working with relevant government ministries to issue US$25 million for financing both new and current irrigation infrastructure.Advertisements