ZIMBABWE’S trade deficit with its neighbour and biggest trading partner, South Africa (SA), shrunk by US$19,5 million in April to US$40,7 million, compared to March.Advertisements Latest data from the Zimbabwe …
finance
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Top Stories
Central bank lifts Metbank forex trade suspension
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readRESERVE Bank of Zimbabwe (RBZ) has lifted the suspension of Metropolitan Bank of Zimbabwe Limited (Metbank)’s from operating as a forex dealer with immediate effect.Advertisements
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National Report
Zambian market boosts ART exports
by Paul Nyakazeya, Group Digital Editor 0 minutes readAMALGAMATED Regional Trading (Art) says it registered a strong performance in the region during the half year ended March 31, 2022 on the back of favourable trading conditions in the …
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Companies & Markets
Exchange controls cost Padenga US$9 million
by Omega Ukamaby Omega Ukama 0 minutes readCROCODILE skins exporter cum gold miner, Padenga Holdings (Padenga), says it lost US$9 million in 2021 due to the Reserve Bank of Zimbabwe’s limitations on the retention of export proceeds.Advertisements
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National Report
Hoteliers in huge capex projects
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readZIMBABWE Stock Exchange-listed hoteliers Rainbow Tourism Group (RTG) and African Sun are targeting soft infrastructure and major hotel refurbishment investments this year, in a bid to reap rewards from the …
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ZIMBABWE is developing a national climate change fund that will provide resources to enable local authorities and the private sector to transform towards climate resilient and low carbon development pathways.Advertisements
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National Report
Legacy debts haunt MedTech
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readMEDTECH Holdings says legacy debt continues to impede its working relations with regional and international suppliers.Advertisements
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Columns & CommentTax Matters
TAX MATTERS: Thin capitalisation rules
by Marvelous Tapera 0 minutes readhttps://staging.fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-281521.mp3?cb=1732288235.mp3Companies usually finance their operations either by debt or equity. Where a company is financed primarily by debt it is deemed to be thinly capitalised. Thus, thin capitalisation can be …
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Companies & Markets
Masimba’s revenue declines 12 percent
by Paul Nyakazeya, Group Digital Editor 0 minutes readMASIMBA Holdings says its revenue was down by 12 percent to $7,4 billion during the year to December 31, 2022, due to the slow start of key projects.Advertisements
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National Report
ECGC targets local start-ups
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readTHE Export Credit Guarantee Corporation (ECGC) is planning to expand its credit guarantee schemes for micro, small and medium enterprises (MSMEs) this year in a bid to capacitate start-ups to …
