Monday, June 18, 2018
CFI Holdings shareholder Willoughby’s Investments misrepresented results of an extraordinary general meeting held last week. In notices published in the media, this week, Willoughby’s using a CFI logo, announced that only one resolution out of three had been carried, yet this was not the case. Despite the meeting going ahead...
Johannesburg. — Zimbabwe’s economic growth is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior International Monetary Fund (IMF) official said. Zimbabwe was once one of Africa’s most promising economies but suffered decades of decline as former president Robert Mugabe pursued policies that included...
Business Writer The Zimbabwe Stock Exchange lost more than 37 percent in the last six trading days as the country went through a rollercoaster period that ended with the resignation of president Robert Mugabe on Tuesday. Analysts say the political changes that will culminate in today’s inauguration of a new...
By Jeffrey Gogo Bitcoin this week proved its qualities as a safe haven at a time of political and economic uncertainty, as local stocks took a beating. The Zimbabwe Stock Exchange (ZSE) suffered one of its biggest sell-offs in recent memory, after the surprise military takeover of Government on Nov ember...
Livingstone Marufu The Zimbabwe Revenue Authority (Zimra) has surpassed its October 2017 revenue target by 24 percent to $333,73 million from $268,25 million target due to high collections in Value Added Tax, data from the authority shows. Net collections were also 19 percent above target. Zimra corporate communications manager Canisio Mudzimu, told...
Kudzai M. Mbaiwa The conversation on capital is incomplete without a reference to banking and credit. It is important to reflect on how credit processes in banking today must improve to support entrepreneurship. Most folks, when asked about sources of capital — both for initial expenditure and working capital, will...
Business Writer PPC Zimbabwe posted record sales for the six-months to September 30, 2017 as volumes rose by over 25 percent as the new Harare Mill kicked into operation during the period under review. PPC Zim is a subsidiary of South African-headquartered cement giant PPC Limited. Growth in volumes and sales...
Taurai Mangudhla Wednesday, November 15 2017, will go down in history as a very unique day where Zimbabwe woke up to a new dispensation. To set the tone was for a new experience in Zimbabwe’s political arena, an uncharted territory, was a live broadcast done early morning at 4 am...
Bitcoin… it’s a new form of money - a digital currency, to be exact - but just how do these work? And why is Zimbabwe leading the news on this subject given “record prices”?Why would people want a digital currency? In 2008, as the global financial system looked ready to...
Business Writer State Enterprises have accumulated debt, both local and external, of nearly $3 billion, prompting authorities to revoke provisions of the law that no State company borrows money without its sole approval. Financial indiscipline and poor corporate governance matters have been blamed for State companies’ poor show, in the process...