SUSPENDED Zimbabwe Stock Exchange (ZSE) CEO Emmanuel Munyukwi is set to appear before a disciplinary hearing next week, facing numerous charges which include, among other things, undermining the exchange’s board and the Securities Commission of Zimbabwe (SEC) and incompetence.
DELTA has always been a market darling and its briefings always have a large following. Stockbrokers and other senior members of the investment industry who usually remain at the office when analysts attend other results presentations always make a point of being present.
BARCLAYS Bank Zimbabwe, which this week said its customer accounts have grown four percent in the four months to April, says it has maintained an optimal deposit concentration risk in addition to its prudential lending policy.
COTTON prices will be 42% lower this year owing to negative movements in international market prices and oversupply of the crop, Agricultural Marketing Authority (AMA) CEO, Rockie Mutenha, said this week.
THE strong financial results recently posted by Econet and Delta have received mixed reactions from analysts and the public, with some raising eyebrows as to the sustainability of the earnings going forward, while others have charged that these companies have become powerful near monopolies.
THERE is a duplication of roles between the Minerals Marketing Corporation of Zimbabwe (MMCZ) and offshore marketing entities that perform similar functions to companies, Deloitte managing partner, Tawanda Gumbo, said.
Mining sector likely to miss projected 16% growth target
Thursday, 17 May 2012 15:50
Brian Chitemba
THE mining sector is likely to miss the projected 15,9% growth target this year due to a plethora of challenges, chief among them erratic electricity supplies and lack of financing for developmental projects.
Official inflation figures ‘not a true reflection’
Thursday, 17 May 2012 15:48
Reginald Sherekete
THE recently published consumer price index (CPI) statistics which saw the annual rate of inflation marginally increasing to 4,03% for the month of March have come under scrutiny from market players who fear the official figures are not reflective of the real situation on ground.
FIRST Mutual Life(FML) MD Ruth Ncube (RN) says her company has weathered the storm and is poised for growth. Zimbabwe Independent senior business reporter Clive Mphambela (CM) spoke to her about the company’s operations, challenges and outlook. Below are excerpts:
The Human Capital Telescope: Internet-based phones vs telecoms
Thursday, 17 May 2012 15:28
Brett Chulu
THE ability to use a regular mobile phone handset (Nokia, Samsung, HTC,etc) to make and receive free to ultra lowly-priced calls, text messages and multimedia messaging via the internet is now a reality.
INDIVIDUALS tender their services in the form of labour to organisations for a reward. The individual has the right to withhold their labour if the employer is not paying at a level that is commensurate with the employee’s expectations. The employer has the power to resist paying the employee what is more than the individual’s perceived value to the organisation.
BOARD changes are looming at Murray & Roberts Zimbabwe (M&R) after Zumbani, a consortium led by former CEO Canada Malunga and chairman Paddy Zhanda acquired a significant stake in the construction company, businessdigest has established.
Insurance sector capital requirements set for review
Thursday, 10 May 2012 14:54
Gamma Mudarikiri
THE Insurance and Pensions Commission (IPEC) has proposed to review minimum capital requirements for companies in the sector , a move which the regulator says is aimed at restoring public confidence in the industry.
THE December reporting season, which is the busiest, ended with listed companies showing mixed results. Most showed declining earnings quality, beefing up profits with revaluations, increased borrowings and in some instances, even reduced sales volumes.
Well-known business strategist jets in for AMH Conversations
Thursday, 10 May 2012 14:42
Gamma Mudariki
ACCLAIMED futurist, business strategist and entrepreneur Anton Musgrave arrived in the country yesterday for today’s series of AMH Conversations, where he will be the key speaker on the theme “strategic leadership and innovation in the rapidly changing business world”.
ASTRA Industries Ltd says it will sustain its 167% interim profit growth to end of year this year, helped by aggressive marketing strategies and new projects which the company has secured from major mining companies.