Business

BY TAFADZWA MHLANGA DELTA Beverages experienced a series of volume declines owing to the prevailing economic crisis despite recording a 14% increase in revenue for the year ended December 31, 2019. In a trading update, the company’s secretary Alex Makamure said hyperinflation, an unstable exchange rate, limited availability of foreign …

Business / Local 94% exhibition space taken at Trade Fair by Staff Reporter <!– –> THE Zimbabwe International Trade Fair (ZITF) Company has sold 94 percent of its exhibition space, as preparations for this year’s edition of the trade showcase gather momentum, an official has said. ZITF Company acting marketing …

Business / Local Woman keeps own severed middle finger in purse for 5 months by Staff Reporter <!– –> IN a bizarre incident, a Bulawayo woman has for the past five months been keeping part of her severed middle finger, which she first allowed to dry after it was bitten …

Business / Your Money Instant approval loan by Staff writer <!– –> Managing your financial account nowadays has become a difficult task. An average man is hardly getting enough money to spend a good dinner night out with his family in a month. The basic needs of life have increased …

THE ZIMBABWE Energy Regulatory Authority (Zera) has finally granted 2020 procurement fuel and gas licences after four months due to contentions with indigenous players over new regulations. BY FIDELITY MHLANGA The energy sector watchdog in March announced a new regime to acquire 2020 fuel import licences that included $2 million …

Business / Your Money Balancing your baby and your finances! Budgeting tips for new parents by Staff Writer <!– –> Taking care of your finances is a full-time job; more so with the arrival of a newborn baby. And, although babies are a bundle of joy, things can get expensive …

Business / Economy Reserve Bank of Zimbabwe to release US$120m for fuel by Steve Grays <!– –> The Reserve Bank of Zimbabwe (RBZ) has earmarked US$120 million this month to import around 200 million litres of fuel for the general local currency market, with US$18,5 million letters of credit confirmed …

Business / Companies Getbucks loan book in mild growth by Staff reporter <!– –> GETBUCKS MicroFinance Bank Limited (GMBL) says its loan book for the year ended June 30, 2019 increased to $7,5 million in the period under review from $4m in the previous year.                 “The …

ZIMBABWE’S tourism sector is expected to lose between US$500 million to US$1,1 billion in potential revenue this year due to the outbreak of coronavirus (COVID-19), Environment, Climate, Tourism and Hospitality Industry minister Nqobizitha Ndlovu has said. BY MTHANDAZO NYONI In his speech at a meeting with industry players on the …

Business / Companies CBZ launches new identity by Staff reporter <!– –> CBZ Holdings has launched a new visual identity, as the Group consolidates its market leadership, and enhances the financial services provider’s standing as a trusted and progressive player. CBZ is one the largest financial services institution in the …