finance

ZIMBABWEAN businesses should prepare to navigate turbulent economic waters in 2024, warns financial services firm Mark and Associates.Advertisements

NAMPAK Zimbabwe (Nampark)’s margins are likely to decline owing to El Nino, power cuts and low disposable incomes, despite its revenue reaching a five-year high on record tobacco output, a …

THE Confederation of Zimbabwe Retailers (CZR) has sounded the alarm for a potentially turbulent 2024, urging wholesalers and retailers to prioritise cost reduction and sales optimisation for survival.Advertisements

ZIMBABWE is actively negotiating with private investors to establish a lithium battery manufacturing plant, according to Finance minister Mthuli Ncube.Advertisements

KARO Mining Holdings (Karo) says it is currently in advanced negotiations to raise US$260 million in debt capital for its platinum project in Zimbabwe, with a US$160 million term sheet …

THE Chamber of Mines of Zimbabwe (CoMZ) has painted a mixed picture of the sector’s prospects this year, highlighting both glimmers of hope and significant challenges.Advertisements

ZIMBABWE’S domestic credit grew by 22,79 percent in the third quarter of 2023, reaching $13,2 trillion, according to data from the Reserve Bank of Zimbabwe (RBZ).Advertisements

RETAIL group OK Zimbabwe says authorities should consider relief for businesses procuring fuel for productive purposes in light of the increased reliance on generators due to power cuts.Advertisements

NATIONAL Foods (NatFoods) says it is importing maize from South Africa (SA) to cover the local deficit to ensure an uninterrupted supply of its food manufacturing processes.Advertisements

STARAFRICA Corporation (Starafrica) says it has increased its refined sugar production to between 6 000 and 7 000 tonnes per month, enough to meet growing demand.Advertisements