Wednesday, November 22, 2017
Africa Moyo About six top Zimbabwe Revenue Authority (Zimra) managers are currently under the microscope as the taxman intensifies lifestyle audits to weed out corrupt elements in its systems. The identities of the officials under investigation could not be established by the time of going to print. Zimra board chairperson Mrs...
Martin Kadzere Self-exiled businessman James Makamba (right) has sold his stake in Empowerment Corporation, a 40 percent shareholder in Telecel Zimbabwe to a local consortium for an undisclosed amount. However, with ink barely dry on the deal, the Government is understood to have made a massive $26 million offer to buy...
Business Writer The challenging operating environment has meant businesses have had to be innovative and come up with products that meet the needs and pockets of the constrained consumer. Business models have had to be changed while new products have been introduced as producers and manufacturers come up with lower-priced...
Taurai Mangudhla Major shareholders in Zimbabwe Stock Exchange (ZSE) listed hotelier Rainbow Tourism Group (RTG) are deeply divided on strategy around handling the group’s creditors and debtors as well as the fate of a sizeable stake in the business which has been touted to be put on the market, Business...
 Funding needed for expansion, research  Investment to help thwart growing competition Golden Sibanda SeedCO, the leading seed producer in Southern Africa, intends to raise $30 million to finance growth by listing its external operations across Africa and counter growing completion in regional market. The seed producing giant has external operations in 12...
Enacy Mapakame Business Reporter Zimbabwe’s listed financial services sector has remained profitable largely on the back of cost containment measures and cautious lending. Latest financial results for the half year to June 30, 2017 show that while banks registered a slowdown in bottom-line growth, the sector remains in the black. The...
Business Writer Brainworks Limited yesterday announced the launch and pricing of its institutional offering of 27 523 396 ordinary shares at an offer price of R11,50 per share. The firm is a diversified investment holding company with investments focused on Zimbabwe. In a statement, the group said the offer price is...
Business Writer Close to two million Old Mutual Zimbabwe Limited shares have changed hands since the company was listed on the FINSEC alternative trading platform in December 2016.According to information obtained by Business Weekly, the volume of Old Mutual Zimbabwe Limited B Class Shares that has traded on the...
Conrad Mwanawashe Captains of industry and commerce want to see urgency in the implementation of State enterprises reforms, improving the doing-business environment, labour laws, and action in dealing with corruption within the private and public sectors. This came out at the interface between industry and commerce and President Robert Mugabe, Thursday,...
Business writers The appointment of State owned Allied Timbers Zimbabwe chief executive Dr Daniel Sithole has been thrown under the spotlight amid revelations he was thrust to the helm of Zimbabwe’s largest timber processor despite performing dismally in the job interviews. Dr Sithole replaced former chief executive Dr Joseph Kanyakanye, who...