Almost five years ago, the Reserve Bank of Zimbabwe (RBZ) increased the minimum capital requirements for commercial and merchant banks to US$100 million from US$12,5m and US$10m respectively. With 13 […]
Anglo American Plc reported profit more than doubled last year amid a recovery in commodities, leading the mining giant to say it no longer needs to sell assets to reduce […]
PPC’s decision to invest in a new plant in Harare, Zimbabwe is already paying dividends as cement volumes, which had been trending lower, are now showing improvement.
Zimbabwe is set to introduce a 15% value added tax (VAT) on several basic foodstuffs with effect from February 1 2017, following the publication of new legislation.
Zimbabwe exported goods worth US$2.8bn in 2016 against an import bill of US$5.2bn, latest figures from Zimstats have shown.
BUSINESS executives and economists warn that 2017 will probably be worse for Zimbabwe than the financial difficulties, cash shortages and curtailed access to capital that were experienced in the country […]
The appointment of Nico Muller as CEO of Impala Platinum (Implats) has drawn mixed reaction from the investment community with the focus falling on his lack of experience in top-flight […]
ZIMBABWEAN mining companies – among them units of SA and other world resource firms such as Sibanye Gold, Caledonia Mining Corporation and Anglo Platinum – will not be able to […]
Edgar Garwe sits repairing mobile phones behind the counter of his tumble-down stall, worrying about a scarcity of customers and how he’ll pay his two children’s school fees. (more…)
ZIMBABWE’S state electricity distribution company has asked industrial customers to pay in advance in foreign currency for power imported from South Africa and Mozambique as generation from the Kariba South […]