Archive | Business

ZB Holdings net revenue increases 17%

ZB Holdings net profit for the half year to June rose 38% to US$8,2 million from US$5,9m in the comparative period in H116 helped by improved revenue performance. The group’s […]

Mangudya leaves interest rates static

Zimbabwe’s central bank chief John Mangudya left interest rates unchanged, saying lowering the rates could be a moral hazard in the troubled country, despite his push to stimulate production and […]

Over 2 000 retrenched

NEARLY 1 300 workers have been retrenched from various sectors of the economy in the second quarter of 2017 with parastatals accounting for more than 60% of those laid off, […]

Banks’ profits jump 48%

Banks’ net profit for the half-year to June jumped 47,99% to US$100 million from US$67,97 million reported in the same period las year, the central bank said.

RBZ introduces portfolio fund

THE Reserve Bank of Zimbabwe (RBZ) has introduced a portfolio fund in an attempt to speed up the repatriation of portfolio-related funds to foreign investors invested on the Zimbabwe Stock […]

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