Benchmarking critical for firms’ success: OPC

Tawanda Musarurwa Senior Business Reporter Zimbabwean public and private sector companies and organisations should focus on benchmarking as a strategy to achieve internationally-recognised successes. Benchmarking is a process of measuring the performance of a company’s products, services, or processes against those of another business considered to be the best in …

Read More »

Oil prices drop

LONDON. — Oil eased yesterday after a rise in US crude inventory added to signs demand may be slowing in spite of ongoing output cuts by producer group OPEC and imminent US sanctions against Iran. Brent crude futures were last down 65 cents at $77,78 a barrel by 1147 GMT, …

Read More »

Gold steadies

LONDON. — Gold steadied yesterday after a surge in the dollar and US bond yields in the previous session had pushed prices down 1.7 percent to their lowest this year. Tuesday’s fall was the biggest since November 2016. Gold crashed below its technically important 200-day moving average and the psychologically …

Read More »

Will Informal businesses agree to use POS machines?

Livingstone Marufu Business Reporter As cash shortage continues to bite, the authorities are leaving no stone unturned in their efforts to hammer solutions to downtown price headache by persuading the informal businesses to start using Point Of Sale (POS) machines. This comes as Government has set up a task force with a …

Read More »

Bitcoin made easy: What is cryptocurrency?

Jeffrey Gogo The explosive growth in the use of, and investment in, cryptocurrencies by Zimbabweans in the last few months has put financial regulators on the defensive. In 2017, more than $5,3 million worth of Bitcoin – the benchmark cryptocurrency – was traded on the country’s biggest digital currency exchange …

Read More »

April inflation marginally up

Business Reporter Zimbabwe’s annual rate of inflation for April rose marginally by 0,03 percentage points on the March rate to 2,71 percent, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. “This means that prices as measured by the all-items CPI (Consumer Price Index) increased by an average of 2,71 …

Read More »

Dairibord revenue up 17pc in Q1

Enacy Mapakame Dairy and food processor, Dairibord Holdings’ performance in the four months to April was above the same period last year with revenue growth at 17 percent ahead of prior year. In a trading update to shareholders at the group’s annual general meeting in Harare yesterday, group chief executive officer …

Read More »

NRZ finalises tariff for coal miner

Africa Moyo Business Reporter The National Railways of Zimbabwe (NRZ) is set to thrash out a viable coal transportation rate for Liberation Mining, a Hwange-based coal miner that is targeting the export market after the firm protested the charges that it claimed were exorbitant. Liberation Mining had raised concern that …

Read More »

Demystifying positive use of artificial intelligence

Today on PowerChat, your leading converged telecommunications operator will focus on demystifying what is known as artificial intelligence. The company has found it imperative to share this knowledge with customers, readers and the entirety of the telecommunications fraternity against the background that the world is moving in the realm of …

Read More »