PIPING products manufacturer, Proplastics, has set annual capital spending at $2,6 billion despite reporting an 86 percent dip in its 2022 inflation adjusted profit.Advertisements
finance
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A LOCAL research firm says it expects Padenga Holdings’ (Padenga) revenue for this year to rise by almost 30 percent to US$166,81 million, underpinned by the expansion of gold mining …
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Top Stories
Ban raw hides exportation, government urged
by Mishma Chakanyuka, Staff Writer 0 minutes readTHE National Competitiveness Commission (NCC) has urged Zimbabwean authorities to ban the exportation of raw hides to support value addition in the leather industry, which has been billed as a …
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Companies & Markets
Mash Holdings targets 75pct annual FX revenue
by Almot Maqolo, Staff Writer 0 minutes readMASHONALAND Holdings (Mash Holdings) says it expects its foreign currency denominated full year revenue to stand at 75 percent in an increasingly dollarising economy.
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National Report
‘Office segment subdued as Covid impact remains’
by Mishma Chakanyuka, Staff Writer 0 minutes readFIRST Mutual Properties (FMP) says the office segment was subdued in 2022 owing to the need to re-adjust from the newly-formed remote working models.
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Tech
Amazon server outage makes some websites go dark
by Paul Nyakazeya, Group Digital Editor 0 minutes readAmazon Web Services (AWS) experienced a wide-reaching outage on Tuesday afternoon, which affected countless major websites.Advertisements
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SINCE the 2000s, Standard Chartered Bank (StanChart) has been “fading away” from Zimbabwe.Advertisements
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Top Stories
Money supply expected to remain on a leash
by Mishma Chakanyuka, Staff Writer 0 minutes readA LOCAL research firm says it expects Zimbabwe’s money supply to remain “under a leash” after recent changes made to Zimbabwe’s exchange controls.Advertisements
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THE Zimbabwe Revenue Authority (Zimra) says it is concerned about the growing number of taxpayers who are failing to declare sales in the currency of trade as domestic US dollar …
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Companies & Markets
NatFoods applauds multi-currency environment
by Mishma Chakanyuka, Staff Writer 0 minutes readNATIONAL Foods Holdings (NatFoods) has applauded the multi-currency environment, saying it has improved operational sustainability.Advertisements