finance

FINANCE ministry permanent secretary George Guvamatanga says small to medium enterprises (SMEs) deserve to be supported by the financial sector as they offer value for credit.Advertisements

ZIMPLOW subsidiary Barzem will exit the Caterpillar distributorship on September 30, 2022, due to changes in the strategic direction by both parties, the group announced this week.Advertisements

THE Infrastructure Development Bank of Zimbabwe (IDBZ) says it is engaging the government to secure land assets, which would help bolster its balance sheet.Advertisements

BUSINESS expects little improvement in the operating environment in the short to medium term, amid continuing policy inconsistencies, rising inflation and high Zimbabwe dollar volatility.Advertisements

INDUSTRY and Commerce minister Sekai Nzenza says the manufacturing sector shall continue to get priority at the Reserve Bank of Zimbabwe’s foreign currency auction.Advertisements

STANDARD Chartered Bank says it has accelerated its digital strategy to fully automate service provision capabilities to customers and stakeholders, while improving productivity and lowering operational costs.Advertisements

RIOZIM has lost millions of dollars in potential revenue due to low-capacity utilisation, at a time international gold prices have enjoyed a sustained rally.Advertisements

THE treasury has suspended implementation of statutory instrument (SI) 130A of 2022 made by President Emmerson Mnangagwa last month, due to some errors in the statute.Advertisements

This is a continuation from last week’s installment.Advertisements Know-how transfer A distributor could be a very successful reseller without receiving any know-how from the manufacturer. However, the transfer of know-how …

THE Zimbabwe Stock Exchange (ZSE) suffered its biggest loss in more than three years last month after shedding $722 billion to end with a market capitalisation of $2,89 trillion.Advertisements