BRICKMAKER Willdale says exchange losses amounted to 21 percent of its revenue during the year ended September 30, 2023, as its income continues to be impacted by distortions in exchange …
finance
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Companies & Markets
Art hedges against uncertainty
by Mishma Chakanyuka, Staff Writer 0 minutes readAMALGAMATED Regional Trading Holdings (Art) says it will focus on value preservation, de-risking and actively managing its businesses across the formal, informal and export markets in light of the operating …
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National Report
NPS value soars despite transaction volume dip
by Mishma Chakanyuka, Staff Writer 0 minutes readTHE value of transactions processed through Zimbabwe’s national payment system (NPS) was up by 95 percent in the third quarter of 2023, reaching $84,55 trillion, latest statistics from the Reserve …
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THE Zimbabwe Stock Exchange (ZSE) has seen a roaring start to 2024, with the All Share Index surging 20,53 percent since the new year’s bell.Advertisements
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THE Airports Company of Zimbabwe (ACZ) says the year 2023 saw air traffic into the country surpassing pre-Covid levels.Advertisements
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Companies & Markets
Zim capital market elitist — SecZim
by Almot Maqolo, Staff Writer 0 minutes readTHE Securities and Exchange Commission of Zimbabwe (SecZim) has raised concerns about the local capital market’s lack of low-cost financial inclusion products.Advertisements
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National Report
Dandemutande seeks boost from multi-currency extension
by Farai Mabeza, Senior Staff Writer 0 minutes readINTERNET services provider Dandemutande hopes the recent extension of the multi-currency regime will open up long-term borrowing for the industry.Advertisements
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National Report
Tendo optimistic about the new year
by Farai Mabeza, Senior Staff Writer 0 minutes readINTEGRATED power and renewable energy services provider, Tendo Electronics and Power Engineering remains optimistic about its prospects despite a plethora of challenges bedevilling the economy.Advertisements
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ZIMBABWE’S chrome production slumped during the third quarter of 2023, weighed down by a global metals price decline that followed the initial surge triggered by the Ukraine war.Advertisements
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National Report
Tobacco exports reach US$1,2 billion
by Mishma Chakanyuka, Staff Writer 1 minutes readZIMBABWE’S tobacco exports were up by 25,8 percent in 2023 to reach $1,23 billion, according to the Tobacco Industry Marketing Board (TIMB).Advertisements This rise solidifies tobacco’s position as the second-largest …