Sugar prices up 18%

THE price of sugar has increased by about 18% to $2,25 per 2 kg pack over the past few days due to rising costs of production as well as cost of money, NewsDay has established. BY MTHANDAZO NYONI Confederation of Zimbabwe Retailers (CRZ) president Denford Mutashu said the sugar price …

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Glue maker sticks on forex shortages

ESTABLISHED in 2009, Bulawayo-based Adhesive Products Manufacturers (Pvt) Ltd — the sole suppliers of industrial products such as general adhesive, light contact adhesive, wood glue, among other key products — wants to resume exporting to regional markets. By MTHANDAZO NYONI NewsDay business reporter (ND) Mthandazo Nyoni interviewed the company’s chief executive officer, …

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Delta revenue sparkles

DELTA Corporation Limited has reported a 40% increase in revenue as a result of an upsurge in all its beverage categories which was driven by higher consumer demand during the first quarter of the year. BY FREEMAN MAKOPA In its trading update for the period under review released yesterday, Delta …

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HIT best to understand blockchain tech: ZICT

THE Zimbabwe Information and Communication Technology Division (ZICT) says Harare Institute of Technology (HIT) has some of the best brains in understanding blockchain technology used to develop cryptocurrency, urging the central bank to consult with the university. BY BUSINESS REPORTER In a statement yesterday, ZICT said cryptocurrency is an extremely …

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TelOne’s hackathon to promote mobile financial services

TELONE Centre for Learning (TCFL) will host a mobile financial services hackathon for State-owned mobile operator NetOne in collaboration with South Africa’s FinMark Trust to promote mobile financial services. BY TATIRA ZWINOIRA Finmark Trust said the hackathon was really designed for young innovators interested in financial inclusion. “This hackathon is …

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Gold prices slip

Gold prices slipped yesterday as US threats of tariffs on an additional $200 billion of Chinese goods pushed safe-haven flows to the dollar and dashed hopes that Washington will eventually step back from the escalating row. Spot gold was 0,31 percent lower at $1,251.31 an ounce. In the previous session, …

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Strengthening internal control systems safeguards your business

This week we are discussing Internal Controls. Internal control is the process by which management structures an organisation’s activities to provide assurance that an entity operates effectively and efficiently and complies with applicable laws and regulations. It follows that an organisation should then have preventive, detective and corrective controls in …

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Turbulent year for rand

It has been a turbulent year so far for the rand, rapidly transforming from one of the best performing currencies to one of the worst all in the space of six months. The rand began 2018 flexing its muscles, climbing steadily from strength to strength throughout the first quarter as …

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Service beyond expectation

Petrotrade has reaffirmed its presence in the country as a company with vision through its bold expansion strategies. The firm has recently opened a state of the art service station in Beitbridge worth $2 million. Speaking at the official opening of the service station, Petrotrade acting Chief Executive Officer (CEO) …

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