Archive | Business

Companies retrench 160 more

EIGHT companies registered their agreements to lay-off workers with the Retrenchment Board earlier this month, affecting at least 160 employees, businessdigest has learnt.

Tycoons in nasty CFI control battle

When Zimre Holdings Ltd (ZHL)’s Stalap Investments announced its offer to buy out CFI minorities last Friday, an all-out war between British tycoon Nicholas Van Hoogstraten and the Rudland brothers […]

US ivory ban lift buoys safari sector

THE Safari Operators Association of Zimbabwe (SOAZ) sees a 30% growth in revenue following the lifting of an ivory ban by the United States, businessdigest has learnt.

Inflation to hit 7% by Dec: IMF

A 200% increase in money supply between December 2015 and May 2017 is unsustainable and could stoke inflationary pressures in the economy, the IMF has warned.

ZimRe to the rescue as CFI bleeds

The company is completely de-capitalised. Every unit has a working capital deficit. This is clear from the financials. This, in my view, clearly shows he doesn’t know how to run […]

Employers fret over Malaba remarks

The business sector has expressed concern over remarks by Chief Justice Luke Malaba over his support for the retrospective application of the law at a time employers have applied against […]

Tourist arrivals increase in Q1

A total of 479 718 tourists arrived in the country in the first quarter of 2017, a 6% increase compared to the same period last year but falling far short […]

Cash crisis buffet cotton farmers

Clad in a red jersey to match her black skirt and black winter boots, Fadzai Madera’s fashion sense is sophisticated and remarkable. Her stylish hairpiece, fashionable in urban centres around […]

BNC bags US$1m in new export incentives

LISTED Nickel producer Bindura Nickel Corporation (BNC) has bagged around US$1,06 million in export incentives from the Reserve Bank of Zimbabwe’s export support initiative that gave birth to the bond […]

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