Home / Business (page 140)

Business

Govt chases equity investment

FINANCE minister Patrick Chinamasa says the government is now pursuing a new model on investment that prioritises equity over international loans, which have seen the country’s external debt souring to over $11 billion. BY TINOTENDA MUNYUKWI Speaking in Harare on Monday at the Water Resources Infrastructure Investment Conference, Chinamasa told …

Read More »

Slice Distributors goes regional

Livingstone Marufu Business Reporter Slice Distributors is planning to go regional before year end as competition on fast foods business intensifies. This comes after various fast foods outlets have sprouted in the country over the past five months, prompting the firm to go regional, in the process, spreading risk and earn …

Read More »

MSMEs need to speak with one voice

Dr Sanderson Abel The Micro, Small and Medium Enterprise (MSME) sector has been identified as a key pillar of economic recovery for Zimbabwe and it is not surprising that a lot of healthy and inquisitive questions are being asked by stakeholders about this sector. One of the key economic questions …

Read More »

Seed Co profit jumps 5 percent

Business Reporter Zimbabwe Stock Exchange (ZSE) listed seed producer, Seed Co, after tax profit for the year to March 31, 2018 surged 5 percent to $21,4 million despite the group being afflicted by a number of adverse factors, which weighed down on revenue. Seed Co group finance director John Matorongofa, …

Read More »

Govt shelves mining fees for small scale miners

Livingstone Marufu Business Reporter Small scale miners got a reprieve after Government temporarily shelved mining fees levied on them as part of efforts to formalise the sector and increase production. President Mnangagwa announced this development during the Zanu PF Youth League Convention in Gweru recently. This comes after an outcry …

Read More »

Cotton farmers warned over side marketing

Business Reporter Cotton farmers should desist from side marketing and deliver all contract-funded produce to appropriate merchants for a sustainable recovery of the sector, Lands, Agriculture and Rural Resettlement Minister Perence Shiri has said. Government has been financing cotton production in the past three years, but lost significant amounts of …

Read More »

We need to prioritise value addition: ZimTrade

Taurai Mangudhla ZIMBABWE needs to prioritise value addition and grow non-traditional exports in order to deal with its huge trade deficit that is an albatross on the economy, ZimTrade acting CEO Allan Majuru has said. This comes after latest information from Zimstat showed Zimbabwe’s trade deficit between February and April …

Read More »

NRZ property revenue rises

Africa Moyo recently in BULAWAYO THE National Railways of Zimbabwe (NRZ) is working on increasing its revenue streams by expanding its property portfolio, whose revenues soared to $5,67 million last year from $3,3 million in the prior year. NRZ has several properties dotted across the country and the company is …

Read More »

How to gauge real estate market health

When gauging the health of a real estate market, it’s tempting to focus on sales numbers, and median and average prices. But to determine the resiliency of a location, and the potential for returns on investment, there are indicators beyond sales prices and supply and demand that should be factored …

Read More »

Why US economy is roaring

Every year, the Federal Reserve conducts a massive survey of US households to paint a portrait of their economic habits and spirits. The recently published findings for 2017 are worth examining for what they say about who should – and shouldn’t – get credit for the resilient US economy. Hint: …

Read More »