NTS recovers, back in black

Enacy Mapakame Business Reporter National Tyre Services Limited (NTS) profit for the year to March 30, 2018 jumped 175 percent to $117 851 from a loss position of $153 919. NTS attributed the growth to the company’s strategy to supplement direct sourcing with local supplies as well as pushing sales …

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President to launch C-TRADE

Business Reporter Zimbabwe’s capital markets are set for their most significant development in recent years as President Mnangagwa officiates at the launch of C-TRADE tomorrow. C-TRADE is an online and mobile trading platform for the trading of shares on the Zimbabwe Stock Exchange, and will be the first of its …

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Agribank secures $10m for agric

Africa Moyo Business Reporter AGRIBANK has secured $10 million from the Egypt-based African Export-Import Bank (Afreximbank), which will be channelled towards capacitating agricultural exporters and value addition. The bank’s chief executive officer Mr Sam Malaba, told delegates during last week’s annual general meeting that the sourcing of the funds is …

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Key challenges to Zim’s privatisation

State Enterprises and Parastatals (SEPs) total debt has breached the $3 billion mark yet privatisation reforms progress are at a snail pace. By Victor Bhoroma Privatisation has dominated Zimbabwe’s economic turnaround strategies for the past 20 years. The country has 107 SEPs, with more than 50 of them being perennial …

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C-Trade to ease ZSE transactions

Escrow Group will tomorrow officially launch a mobile and online trading platform which allows investors to directly trade on the Zimbabwe Stock Exchange (ZSE), a move that is set to deepen the capital markets. BY TATIRA ZWINOIRA The platform, C-Trade, can be used through the Unstructured Supplementary Service Data (USSD) …

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Competitiveness eludes Zim firms

ONLY 9,7% of firms in Zimbabwe have an international recognised quality certificate, a situation that puts local firms on the negative with regards to global competitiveness, a research firm has revealed. BY MTHANDAZO NYONI Giving her presentation at the Zimbabwe National Chamber of Commerce annual congress held in Victoria Falls …

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Chengetedzai eyes turnaround trading

Chengetedzai Depository Company is mulling introducing turnaround trading to attract the interest of a different profile of investors. BY BUSINESS REPORTER Chengetedzai chief executive officer Campbell Musiwa said the central securities depository (CSD) was currently seized with the project billed to make the market more efficient. “This will also attract …

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Zim no longer a dumping ground: Veritas

BUREAU Veritas says it has witnessed a significant decline in the number of non-conforming products into Zimbabwe and has rejected more than 202 million products that were potentially hazardous. BY MTHANDAZO NYONI Speaking during the Zimbabwe National Chamber of Commerce annual congress held in Victoria Falls last week, the company’s …

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Business needs confidence building measures

The business community is expecting confidence building measures to restore production in key sectors of an economy which had gone for more than two decades with limited progress or growth. Industrialists contend reduction in budget deficit, achievement of a yearly gross domestic product rates of seven percent, rebuilding of gold …

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Calls to develop Glen View Business Complex

Zanu PF Harare Province chairman, Cde Goodwills Masimirembwa has called for a lasting solution to end fire problems which have in the past gutted Glen View Business Complex more than four times. The Zanu PF team which comprised of aspiring candidates for the area this Friday (yesterday) toured the Glen …

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