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Key economic lessons for Zimbabwe from South Africa
Zimbabwe and South Africa share a long history of trade, socio-economic, political and cultural ties that span for decades. The two countries are separated by a 225km border that runs along the Limpop...Published: 01 Jun 2020 at 15:42hrs | 577 | by Smetch Sibanda
Clueless gaze in the face of free-falling Zimdollar
THE spectacular collapse of the Zimbabwean dollar in the past week has yet again exposed the government's bankrupt currency policies worsening the country's deepening economic crisis.The Zimdo...Published: 29 May 2020 at 08:17hrs | 418 | by Staff reporter
'Restrictions on ZIPIT counter-productive'
IN a desperate bid to halt the rapid weakening of the Zimbabwean dollar, the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) has, with immediate effect, imposed daily and monthly tr...Published: 29 May 2020 at 08:15hrs | 629 | by Staff reporter
PPC Zimbabwe April sales volumes down 20%
REGIONAL cement maker, Pretoria Portland Cement says it expects to record a 20% decline in sales volumes on its Zimbabwe subsidiary for the month of April due to the impact of the COVID-19-imposed loc...Published: 06 May 2020 at 08:01hrs | 450 | by Cyprian Muketiwa Ndawana
PPC Zimbabwe helps Gwanda disinfect town to curb the spread of COVID-19
THE Gwanda District taskforce on Covid-19 has partnered with local mining companies and the business community in disinfecting the town to curb the spread of Covid-19. The exercise began yeste...Published: 18 Apr 2020 at 08:37hrs | 411 | by Staff reporter
Bulawayo/ Gwanda disinfection programme begins
THE Bulawayo City Council (BCC) yesterday started disinfecting western suburbs while Gwanda town has embarked on a similar exercise to mitigate the spread of Covid-19. Last week BCC disinfecte...Published: 18 Apr 2020 at 08:00hrs | 588 | by Staff reporter
PPC Zimbabwe loses $1,8bn appeal
CEMENT manufacturer PPC Zimbabwe has lost a court appeal against the Zimbabwe Revenue Authority (Zimra), which slapped the company with a 50% penalty for prejudicing the tax collector of a staggering ...Published: 17 Apr 2020 at 08:15hrs | 739 | by Staff reporter
Fungibility suspension to 'materially' affect Old Mutual Zimbabwe share price
DIVERSIFIED financial services group, Old Mutual Limited (OML) has advised shareholders in the Zimbabwean unit that the fungibility suspension order on its shares would materially affect the share pri...Published: 07 Apr 2020 at 07:50hrs | 145 | by Staff reporter
Covid-19 triggers massive share sell-offs on ZSE
Share prices on the Zimbabwe Stock Exchange (ZSE) are expected to plunge during the national lockdown and beyond as companies engage in massive sell-offs on the stock market in the face of the global ...Published: 03 Apr 2020 at 08:52hrs | 203 | by Staff reporter
Lockdown and economic responses
ZIMBABWE went into lockdown on Monday over the Covid-19 pandemic that has seen the United States, at 164 387 cases (at the time of writing, Tuesday), becoming the country with the highest number of co...Published: 03 Apr 2020 at 08:50hrs | 141 | by Brett Chulu
Old Mutual faces money laundering charges
THE Securities and Exchange Commission of Zimbabwe (SECZ) has launched an investigation into suspected illicit activities surrounding trading in fungible stocks linked to three listed companies — Ol...Published: 29 Mar 2020 at 07:27hrs | 773 | by Staff reporter
War vets support 'fungibility' ban
The Zimbabwe National Liberation War Veterans Association (ZNLWVA) has dismissed a story in a local weekly newspaper headlined "Fungibility shares ban unlawful", as an act of intimidation towards Gove...Published: 27 Mar 2020 at 06:35hrs | 534 | by Staff reporter
Achieving an efficient interbank market
The Zimbabwean government announced that it was going to introduce a managed floating exchange rate system in order to manage exchange rate volatility. The move is also aimed at bringing transparency ...Published: 24 Mar 2020 at 18:32hrs | 1140 | by Victor Bhoroma
Achieving an efficient interbank market
The Zimbabwean government announced that it was going to introduce a managed floating exchange rate system in order to manage exchange rate volatility. The move is also aimed at bringing transparency ...Published: 24 Mar 2020 at 11:58hrs | 920 | by Victor Bhoroma
Zimbabwe shuts down main source of hard currency
Zimbabwe has suspended the transfer of local shares in dual-listed companies to foreign bourses, one of the main ways citizens and businesses have been able to obtain dollars as inflation wipes out th...Published: 17 Mar 2020 at 14:11hrs | 8766 | by Reuters
Zimbabwe suspends international trading of shares for 3 companies
GOVERNMENT has suspended for 12 months the international trading of shares for three local companies, namely Old Mutual, PPC limited and Seedco International, amid suspicion they were driving foreign ...Published: 16 Mar 2020 at 07:06hrs | 608 | by Staff reporter
Mnangagwa's govt suspends fungibility on dual listed shares
Finance and Economic Development Minister Mthuli Ncube has suspended fungibility on dual listed shares for a period of twelve months as part if efforts to stabilise the exchange rate. This com...Published: 15 Mar 2020 at 11:29hrs | 1691 | by Staff reporter
PPC Matopos 33-Miler race date set
THE Bulawayo Athletic Board (BAB) this year expects professional foreign athletes to grace the PPC Matopos 33-Miler Ultra Marathon which has been set for April 4.BAB co-ordinates the country's...Published: 09 Feb 2020 at 06:05hrs | 106 | by Staff reporter
BREAKING: ZANU PF suspends Lewis Matutu and Tsenengamu
Reports coming from Harare indicate ZANU PF Youth League leaders Godfrey Tsenengamu and Lewis Matutu have been suspended from the party after they held a press conference on Monday alleging the state ...Published: 05 Feb 2020 at 14:26hrs | 1986 | by Mandla Ndlovu
Competition hits PPC cash flows
PERSISTENT macro-economic risks and intense competition across regional cement producer Pretoria Portland Cement (PPC)'s business units have affected the firm's return on capital and free cash flows, ...Published: 17 Jan 2020 at 06:07hrs | 209 | by Staff rpeorter
Businesswoman faces US$700K fraud
A 43-YEAR-OLD Bulawayo businesswoman has appeared in court facing charges of defrauding a fellow city businessman of US$700 000 in a well-calculated plan where she sought to offset debt with a local b...Published: 08 Dec 2019 at 11:50hrs | 401 | by Staff reporter
Woman up for US$700,000 fraud
THE Zimbabwe Anti-Corruption Commission (Zacc) has arrested Bean There Restaurant managing director Delny Deanna Ashley Davies on allegations of defrauding a fellow businessman of US$700 000.D...Published: 28 Nov 2019 at 06:45hrs | 2939 | by Staff reporter
'Pepkor exit testifies Zimbabwe not open for business'
The Zimbabwean market exit by South African retailer Pepkor, which runs local retailer Power Sales, is testament that Zimbabwe is not open for business and speaks volumes about the increasingly toxic ...Published: 28 Nov 2019 at 06:44hrs | 793 | by Staff reporter
Government to meet doctors on 14 November
Government is set to meet the striking doctors of the 14th of November to discuss how to resolve the impasse that has seen the doctors not attending work for more than months. Doctors are dema...Published: 12 Nov 2019 at 17:12hrs | 3005 | by Mandla Ndlovu
Card cloning gang hits PPC Zimbabwe
FOUR men ganged up and defrauded Pretoria Portland Cement (PPC) Zimbabwe of more than US$26 500 after cloning the company's ATM card and using it to conduct illegal Point of Sale (POS) transactions at...Published: 12 Nov 2019 at 07:11hrs | 641 | by Staff reporter
Cement sales plummet
REGIONAL cement maker Pretoria Portland Cement says cement sales at its Zimbabwe unit went down between 30 and 35 percent in four months ending 30 July due to a challenging economic climate that has s...Published: 27 Oct 2019 at 05:42hrs | 3848 | by Staff Reporter
Investor activity lowly on the ZSE
Investor sentiment remained muted during the week under review, amid continued worsening economic situation. The Finance, minister Mthuli Ncube of projects Zimbabwe's GDP growth a revised -6,5% in 201...Published: 13 Oct 2019 at 07:14hrs | 210 | by Staff reporter
PPC boss steps down
Cement company PPC and its chief financial officer have "mutually agreed to separate", the company announced yesterday.PPC is listed on both the Johannesburg Stock Exchange and the Zimbabwe St...Published: 11 Oct 2019 at 06:30hrs | 426 | by Staff reporter
Mnangagwa headlines clean-up
President Mnangagwa today headlines the 10th National Clean-Up Campaign at Mzimba Shopping Centre in Chinhoyi before presiding over Chinhoyi University of Technology (CUT)'s 15th graduation ceremony. ...Published: 04 Oct 2019 at 06:57hrs | 119 | by Staff reporter
PPC turns to solar as power cuts bite
IN anticipation of rising energy costs and the challenge of sustainable supply across Africa, regional cement maker PPC is considering implementing solar photovoltaic (PV) at its factories starting wi...Published: 09 Sep 2019 at 11:49hrs | 635 | by Staff reporter
Mnangagwa invites China to invest in Zimbabwe tourism sector
PRESIDENT Mnangagwa yesterday urged Chinese investors to take advantage of available opportunities in the tourism sector, mainly in Mashonaland West and Matabeleland North provinces. He commended Zhez...Published: 24 Jul 2019 at 08:11hrs | 185 | by Staff reporter
'Zinara senior, executive managers earn hefty salaries'
REVELATIONS that executive directors at the Zimbabwe National Road Administration (Zinara) earn $6 909,50, while senior management get between $3 721 and $4 523, with the lowest paid worker at the sam...Published: 23 Jul 2019 at 08:22hrs | 1584 | by Staff reporter
ZSE to maintain dual listing for local companies
DUAL listing remains the most viable option for local listed companies and the Zimbabwe Stock Exchange (ZSE) will not dump its plan to collaborate with other offshore bourses despite the 90-day morato...Published: 12 Jul 2019 at 09:18hrs | 315 | by Staff reporter
PPC to dispose Colleen Bawn, Bulawayo houses
LOCAL cement producer, PPC Zimbabwe has said the disposal of houses at its Colleen Bawn and Bulawayo factories will be finalised during the 2020 financial year because government was still processing ...Published: 04 Jul 2019 at 08:46hrs | 1647 | by Staff reporter
PPC Zimbabwe revenue declines by 20%
PRETORIA Portland Cement (PPC) says revenue at its Zimbabwean entity declined by 20%, compared to last year, due to a weaker cement market, clinker shortages and depreciation in the functional currenc...Published: 02 Jul 2019 at 08:33hrs | 694 | by Staff reporter
Dual Listing: Fungible securities explained
Many investors are always on the lookout for new ways to make a profit, and fungible instruments allow just such a thing through the action of arbitrage. In other words, fungible securities al...Published: 01 Jul 2019 at 07:31hrs | 170 | by Staff reporter
New regulations tame bourse arbitrage window
THE 90-day disposal window of dual listed securities or shares bought by investors on the Zimbabwe Stock Exchange is a positive move as it tames arbitrage opportunities and externalisation of funds, e...Published: 27 Jun 2019 at 06:33hrs | 326 | by Staff reporter
Scrapping of multi-currency regime: The implications
ON Monday, the government announced major changes in the monetary policy of Zimbabwe, highlighted by the ending of a 10-year multi-currency system.Further measures announced include the intend...Published: 26 Jun 2019 at 07:32hrs | 3467 | by Respect Gwenzi
Rising demand pushes the ZSE
The Zimbabwe Stock Exchange (ZSE) climbed significantly during the week ended June 14 2019, on rising demand across the board. The market recorded gains for the 12th week in a row. All equity gauges t...Published: 16 Jun 2019 at 09:43hrs | 916 | by Fungai Nyaungwa
How to generate leads without an in-house sales team
Whether you are a small or large business, when you are looking to expand and see growth, the most important part is generating leads. This is the key foundation of growing any business, to always hav...Published: 07 Jun 2019 at 11:17hrs | 1096 | by Staff Writer
Bulawayo's transport network affects tourism
Bulawayo's poor transport network is negatively affecting tourism in the city, Bulawayo Publicity Association (BPA) has said.BPA recently had an opportunity to market the City of Kings and Que...Published: 10 May 2019 at 07:04hrs | 1070 | by Staff reporter
Cement shortage chokes construction industry
ZIMBABWE'S construction industry contracted by 6,3% percentage points last year due to acute cement shortages and unsustainable prices of construction materials, a Treasury report has shown.Ac...Published: 12 Apr 2019 at 06:45hrs | 221 | by Staff reporter
Parly begins probe into Mliswa Committee graft allegations
PARLIAMENT's Privileges Committee (PPC) will this Monday, begin investigations into corruption allegations levelled against some former members of the Mines and Mining Development then chaired by Inde...Published: 08 Apr 2019 at 06:29hrs | 173 | by newzimbabwe
Zimbabwe has adequate cement - PPC
PPC Zimbabwe, proud manufacturer of building materials and solutions, would like to assure our valued customers that their favourite cement is readily available at all our stockists. We have e...Published: 07 Apr 2019 at 14:33hrs | 1071 | by PPC
Zimbabwe manufacturing sector exports up by 54%
ZIMBABWE'S manufacturing sector exports went up by 54% to US$222,6 million in 2018, buoyed by the export incentive introduced by the Reserve Bank of Zimbabwe in 2016, Industry and Commerce minister Nq...Published: 12 Mar 2019 at 06:01hrs | 499 | by Staff reporter
PPC loses $26 000 to 'card cloning' gang
FOUR men from Bulawayo have been arrested after they allegedly swindled a private company of $26 000 by cloning the company's bank card.Divine Gandawa (38), from Nkulumane 12, Farai Gandawa (2...Published: 03 Mar 2019 at 01:35hrs | 1489 | by Staff reporter
Open letter to Innocent Kufa
Dear Sir, 25 years ago I, together with my Zimbabwean partner, resolved to open a small trading business in Bulawayo offering, amon...Published: 23 Feb 2019 at 09:47hrs | 2579 | by Gordon W. McFarlane
BREAKING: Temba Mliswa steps down
Norton Member of Parliament Temba Mliswa has stepped down as the Chairperson of the Parliamentary Portfolio Committee on energy and mining development due to allegations of bribery laid against him by...Published: 07 Feb 2019 at 17:35hrs | 15035 | by Mandla Ndlovu
'Cement pricing aligned with inflationary rise'
LEADING cement manufacturer, Pretoria Portland Cement (PPC), says despite the difficult trading conditions, average cement prices in the Southern Africa region last year increased marginally by betwee...Published: 06 Feb 2019 at 22:42hrs | 3099 | by Staff reporter
5 Best Casinos in the World
The first known casino was called a gambling house and it was established in Venice, Italy in 1638, while the first gambling establishments in America were known as saloons. Regardless of their name, ...Published: 23 Jan 2019 at 12:11hrs | 430 | by Staff Reporter
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