THE Zimbabwe National Chamber of Commerce (ZNCC) has joined the growing chorus of criticism of Zimbabwe’s recently adopted blended Consumer Price Index (CPI), saying the new inflation baseline distorts market …
finance
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Top Stories
‘Mining sector poised for resurgent H2’
by Mishma Chakanyuka, Staff Writer 0 minutes readTHE Chamber of Mines of Zimbabwe (CoMZ) is anticipating the mining industry to recover in the second half of 2023, on account of an expected improvement in the country’s power …
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Companies & Markets
Truworths banks on US dollar credit
by Almot Maqolo, Staff Writer 0 minutes readCLOTHING retailer Truworths expects sales to increase after the introduction of US dollar credit at the beginning of the second quarter this year.Advertisements
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National Report
FX operating costs choke business
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readINCREASED demand for foreign currency to fund operations and import raw materials, as well as plant and equipment, is weighing on the competitiveness of local industry, business leaders have said.Advertisements
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National Report
Zimbabwe and Mozambique desperate to unlock dormant potential
by Farai Mabeza, Senior Staff Writer 0 minutes readINDUSTRY and Commerce minister Sekai Nzenza says businesses in Mozambique and Zimbabwe should aggressively pursue investment and trade possibilities in the two nations as both attempt to harness long-dormant economic …
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EXPOSURE to Zimbabwe dollars in an increasingly dollarising economy is putting supermarkets’ profit margins under pressure, a local research firm has warned.Advertisements
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Top Stories
Cass Saddle sees positives in global crisis
by Omega Ukamaby Omega Ukama 0 minutes readTHE Cass Saddle Agriculture Exchange Traded Fund (ETF) managers are bullish about local companies in the sector, which they expect to benefit from ongoing geopolitical tensions.Advertisements
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Companies & Markets
GetBucks to complete recapitalisation this year
by Almot Maqolo, Staff Writer 0 minutes readGETBUCKS Microfinance Bank (GetBucks) says it in the process of negotiating transactions, as part of its capital raise initiative to be completed this year.Advertisements
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BRITISH American Tobacco Zimbabwe (BAT) says it remains optimistic about growth despite mounting economic and political concerns.Advertisements
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Top Stories
Foreign currency earnings lift ZB
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readZB FINANCIAL Holdings (ZB) says it recorded a 29 percent increase in foreign currency earnings during the quarter ended March 31, 2023, up from a 15 percent increase in the …