Business

Business / Local Tips for maintaining cleanliness in the workplace by Staff Writer <!– –> A majority of people spend almost half of their day in the workplace. Others even spend more. The importance of maintaining cleanliness at work cannot be underestimated. It not only ensures a safe working environment, …

Zimbabwe’s inflation rose to 785,55% on an annualised basis in May, from 765,57% the previous month, the Zimbabwe Statistics Agency (ZimStat) said yesterday, laying bare the challenge of a weakening local currency and rising prices. BY Business Reporter Month-on-month inflation dropped slightly to 15,13% from 17,64% during the same period, …

The Reserve Bank of Zimbabwe (RBZ) measures to stem parallel market activities are proving to be futile as the Zimbabwe dollar continues to plunge on the forex parallel market. BY FIDELITY MHLANGA Even after the central bank clampdown on mobile money agents and ZIMSWITCH Instant Payment Interchange Technology (Zipit) transactions …

Business / Companies Stanbic Bank Zimbabwe in new thrust to make dreams possible by Nhlanhla Moses <!– –> Stanbic Bank Zimbabwe has launched a new tag line which is aimed at expressing a commitment to helping its customers realize their dreams as it promises to be a financial partner that …

One of President Emmerson Mnangagwa’s key economic policies was a return to the Zimbabwe dollar after years of using the greenback, but on Wednesday the government began undoing this, announcing that civil servants will get a US dollar allowance, probably the first sign that dollarisation was once again on the …

Business / Local ZSA concerned with exorbitant sugar prices charged by retailers by Stephen Jakes The Zimbabwe Sugar Association (ZSA) has said it has received numerous enquiries on the availability of sugar in the local market and has also noted, with serious concern, that some retailers and wholesalers are trading …

Pletnev and Barkhatov (2016) state that SMEs are playing a pivotal role in today’s economy. Due to this pivotal role, most countries in Europe have directed their focus to SMEs so that they have become the epicenter of the industrial revolution (Stanciu, 2014). Africa in general and Zimbabwe in particular …

Business / Economy ‘Cash-rich’ gold buyer invades Zimbabwe? by Staff reporter <!– –> Confusion is reigning supreme in the gold sector over the existence of a licenced gold buyer who is reportedly paying more than the official price set by the country’s repository authority, Fidelity Printers & Refiners (FPR). FPR …

TOBACCO Industry and Marketing Board (TIMB) is in trouble after it emerged that it was allowing some unlicensed companies to buy tobacco crop from unsuspecting farmers. BY FIDELITY MHLANGA TIMB chief executive Andrew Matibiri failed to provide satisfactory answers to the Justice Mayor Wadyajena-chaired Parliamentary Portfolio Committee on Agriculture on …

ZIMBABWE’S sugar industry expects to produce around 455 000 tonnes of the product this season, up 3% compared to the same period last year, Zimbabwe Sugar Association (ZSA) chairperson Muchadeyi Masunda has said. BY MTHANDAZO NYONI In a statement following “numerous enquiries” on the availability of sugar on the local …