Business

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Zimplats delivers strong performance

7 Sep 2020 Zimplats, Zimbabwe’s biggest platinum group producer, delivered another strong performance in the full year to June 30, 2020, navigating challenges and threats to workers and operations from Covid-19 pandemic, to help drive positive group results for Impala. The South African based platinum group metals (PGMs) producer, however, delivered marginally lower mine-to-market Six-Element [...]

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AirZim plans to buy smaller aircraft

National airline Air Zimbabwe is working on acquiring smaller aircraft to service local routes as part of efforts to enhance connectivity within the country and boost domestic tourism. At an online tourism stakeholder engagement hosted by the Hospitality Association of Zimbabwe (HAZ), the national airline acknowledged the air connectivity gap …

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Getbucks records $20m loss

GETBUCKS Microfinance Bank Limited (GMBL) posted a $20 million loss for the six months ended December 2019 owing to net monetary losses as the bank’s assets are predominantly liquid. BY TATIRA ZWINOIRA The loss for the period under review was registered after a profit-after-tax of $21 million in the comparative …

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Zimbabwe cost of living up 22%

Business / Economy Zimbabwe cost of living up 22% by Staff reporter <!– –> THE cost of living in Zimbabwe ballooned by $1 554 to $8 726 by end of last month due to the influence of the parallel market on exchange rates, limited supply of basic products and panic …

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COVID-19 hits Zimra revenue collection

THE Zimbabwe Revenue Authority (Zimra) says the 2020 revenue performance will relatively decline to the initial projections in view of the anticipated economic slowdown and turbulences in the operating environment exacerbated by the negative impact of the COVID-19 pandemic. BY MTHANDAZO NYONI Zimbabwe has, due to the dreaded pandemic, induced …

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ASL seeks to snap up Dawn Properties

Hotelier African Sun (ASL) has made an offer to snap up Dawn Properties in a deal that will see it assume ownership of the property firm’s key assets and its delisting from the local bourse. BY FIDELITY MHLANGA Currently, Dawn Properties owns hotels that are being leased by ASL but …

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Traffic at Beitbridge doubles

THE Zimbabwe Revenue Authority (Zimra) says the volume of traffic at Beitbridge Border Post has doubled in the last few days. BY MTHANDAZO NYONI Beitbridge Border Post is one of the busiest inland ports in sub-Saharan Africa and links the northern and southern corridors, with 500 vehicles and 10 000 …

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Zimbabwe’s debt-to-GDP ratio to exceed 100%

Business / Companies Zimbabwe’s debt-to-GDP ratio to exceed 100% by Staff reporter <!– –> THE Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) says the country’s debt to gross domestic product (GDP) ratio will balloon to 101,6% by year end due to legacy debt, farmers’ compensation and COVID-19. On May …

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Debt-to-GDP ratio to exceed 100%

THE Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) says the country’s debt to gross domestic product (GDP) ratio will balloon to 101,6% by year end due to legacy debt, farmers’ compensation and COVID-19. BY TATIRA ZWINOIRA On May 4, 2020, government announced an $18 billion COVID-19 economic recovery stimulus …

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