Thursday, July 19, 2018
Clive Mphambela The currency reform debate is one that is refusing to go away. Cash remains short in the pockets of ordinary consumers, and foreign exchange remains ever scarcer in the hands of importers who have become desperate for foreign exchange to pay for essential inputs. Following a decade of instability...
Business Writer Government has been warned against the continued issuance of Treasury Bills and the further widening of its overdraft with the Reserve Bank of Zimbabwe as this is putting deepening strains on the economy. This comes as Zimbabwe’s domestic claims rose 43 percent in 12 months to December 2017,...
Tinashe Makichi Zimbabwe Stock Exchange-listed Innscor Africa, in partnership with private firm ProGroup, have set up a new dairy firm called Prodairy, in an initiative set to expand the group’s dairy products manufacturing operations. Innscor already has running joint ventures with the listed conglomerate, namely Profeeds and Amiata, which owns...
Kudzanai Sharara Taking Stock The Zimbabwe Stock Exchange is experiencing its worst start to the year since dollarisation, and this we have written about before. Since the beginning of the year up to Tuesday this week, the ZSE All Share Index had lost 13,3 percent, dragged mainly by industrial stocks whose...
Victor Bhoroma Privatisation is a topic that has dominated Zimbabwean economic discussions, policy and budgets since the early 90s. Privatisation was pursued successfully between 1990 and 2000. During the Economic Structural Adjustment Programme (ESAP) years (1991-1995), the Government commenced a public enterprise reform process designed to unlock value through disposal of...
Chipo Sabeta The country’s largest funeral service company, Nyaradzo Group, has commenced operations in neighbouring South Africa as part of the its drive to expand into the region. Nyaradzo corporate communications manager Kudzai Mpunzwana told Business Weekly that the SA operation marked the beginning of the group’s thrust to expand into...
Over the course of the next few days Kariba South becomes Zimbabwe’s first “gigawatter” power station as the second new unit comes on stream and the power station is able to deliver 1 050MW, drastically raising Zesa’s capacity to cope with peak power demand. However Zesa will have to change...
Kudzai Mubaiwa Every small business needs paying customers to grow. The global mantra “customer is king” is mostly true, but there are instances when this is very difficult to accept. Contentions and conflicts occur in the course of business. This can be due to an error you have made and...
Kudzanai Sharara Art Corporation generates approximately half of its foreign currency requirements, group chief executive officer Milton Macheka has said. This comes as most Zimbabwean companies are struggling to make foreign payments for their raw material requirements as well as pay for crucial equipment as the country battles with depleted...
Joseph Mverecha “For my people have committed two sins (commissions) — they have forsaken me the fountain of living waters and have hewn out broken cisterns that cannot hold water” Jeremiah 2 vs 13. These were the iconic words of the Prophet Jeremiah in respect of the spiritual condition of Jerusalem...