Business

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Lifeline for small-to-medium enterprises

THE Zimbabwe National Gazelles has launched a programme to support yet-to-be-identified small-to-medium enterprises (SMES) with an annual turnover of $1,2 million into medium-sized entities through intensive business workshops, coaching and mentoring and access to funding and markets. BY FIDELITY MHLANGA The programme is being managed by Kukura Business Accelerator (Pvt) …

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Masiyiwa tops Gates, Zuckerberg on Facebook influentials list

ZIMBABWE’S richest man, telecommunications mogul, Strive Masiyiwa, was the leading influencer among business leaders on Facebook in the week ended April 19, 2020 beating the world’s second wealthiest man, Bill Gates, at number seven. TATIRA ZWINOIRA This was revealed in the Facebook owned, CrowdTangle, a leading content discovery and social …

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Newsday Edition 30-04-2020

You may also do a direct download for our papers through these links NewsDay E-paper edition for Thursday 30 April 2020 TheIndependent Edition for Friday 31 April 2020       Do you have a coronavirus story? You can email us on: news@alphamedia.co.zw

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Mthuli Ncube admits that Zimbabwe is facing collapse

PRESIDENT Emmerson Mnangagwa’s government has sent a distress call to the International Finance Institutions for a bail package, admitting the cashless government was close to collapse and an implosion was imminent in the absence of the stimulus rescue package. By Everson Mushava According to Africa Confidential, Finance Minister Mthuli Ncube …

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COVID-19 to hit Q2 collections: Zimra

THE Zimbabwe Revenue Authority (Zimra) says second quarter collections will be adversely affected by business closures and reduced profitability due to the impact of the COVID-19 pandemic. BY TATIRA ZWINOIRA In the first quarter ended March 31, 2020 before the start of the national lockdown, Zimra surpassed its cumulative net …

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Tobacco sales expected to pacify exchange rate

THE commencement of the 2020 tobacco marketing season on Wednesday is expected to pacify the volatile exchange rate through the injection of fresh forex liquidity in the market. — By Fidelity Mhlanga The 2020 tobacco marketing season opened this week after a delay of over a month as authorities battle …

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Invictus cuts board, management fees

AUSTRALIAN energy firm, Invictus Energy Limited (IEL) has announced a 25% cut to its board and management annual fees and remuneration in light of global market and oil uncertainty over the coronavirus (COVID-19). BY TATIRA ZWINOIRA Due to the uncertainty around COVID-19, global oil market prices have fallen substantially at …

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Masimba profit up 272,8%, wary of COVID-19 impact

LISTED Construction concern, Masimba Holdings’ inflation adjusted profit after tax surged 272,8% to $34,3 million for the year ended December 2019, but the firm remains worried about the impact of COVID-19 and weakened economic environment on its operations. The company’s profit grew from $9,2 million prior year. “Subsequent to the …

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