Business

7 Sep 2020 DETERMINING the value of assets or investments has become a nightmare for the country’s insurance and pensions industry in view of the prevailing currency volatility, which makes harmonisation of business models difficult as entities seek to hedge against inflation, industry experts have said. While the local currency is inching towards stability at [...]

07 Sep, 2020  TRUCKS, mainly those carrying goods known as ‘consolidated cargo’ have been piling up at Beitbridge Border Post in the last five days after the Zimbabwe Revenue Authority (Zimra) introduced 100 percent compliance searches. Cross border transporters commonly known as ‘Omalayitsha, have accused the tax authority of implementing the new system while ill [...]

7 Sep 2020 The year 2020 marks ZIMPOST’s 20th anniversary following the unbundling of Posts and Telecommunications Corporation (PTC) and subsequent formation of ZIMPOST and other successor companies. The year also marks 130 years of Postal Services in Zimbabwe since the establishment of the first Post Office in Rhodesia in 1890. The first Post Offices [...]

07 Sep, 2020  Tawanda Musarurwa Senior Business Reporter Zimbabwe’s pensions and insurance sector is showing resilience to the Covid-19 crisis, with players in the sector continuing to pay out benefits and claims during the peak phase of the pandemic. Despite the sector being weighed down by the double whammy of reduced contributions and premiums on [...]

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 [...]

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 …

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 …

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 …

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 …

Business / Local EcoCash unveils online self-service portal for agents, merchants and other channel partners by Agencies <!– –> EcoCash has unveiled an online self-service portal which allows its agents, merchants, billers, bulk payers and payroll channel partners to submit their applications online without the need to physically visit Econet …