Browsing author

Kudzanai Gerede

Zimstat To Timeously Release Inflation Figures

The Zimbabwe National Statistics Agency (Zimstat) will now be timeously releasing monthly inflation figures after the agency announced its migration from paper-based data collection and processing to a computerized system, 263Chat Business has learnt. Prior to this, Zimstat’s inflation figures were always a month-late as it took the agency 30 days to compile and process […]

Delta Predicts Tough Q4 In Regional Markets

Zimbabwe’s largest alcoholic beverage maker, Delta Corporation Limited (Delta) anticipates a subdued business outturn from its regional markets during the fourth quarter (Q4) due to tighter lockdown restrictions imposed by the government at the beginning of the year amid worsening COVID-19 infection figures. The Group, which has units in South Africa and Zambia posted notable […]

Delta Shrugs-Off Lockdown Hangover With Stronger Q3 Performance

Alcohol and beverages producer, Delta Corporation Limited (Delta) overcame initial lockdown hangover when it grew its revenue by 77 percent for the quarter and 33 percent for the nine months ending 31 December 2020 as production volumes increased thanks to the liberalization of foreign currency usage in the economy and partial easing of lockdown measures. […]

Byo Consortium Nears E-Vending Platform Roll-Out

A consortium of traders from the country’ second largest city-Bulawayo have developed an electronic-vending platform expected to create a wider market place for small food producers and retailers amid a biting lockdown for most informal traders, 263Chat Business has learnt. The grouping- Sizimele Consortium has been working on this project since last year with the […]

First Mutual Properties Pays $7M Dividend

Shareholders of listed property investment firm, First Mutual Properties (First Mutual) are set for a ZWL$7.4 million dividend pay check valued at 0.5982 ZWL cents per share from profits for the quarter ended 30 September 2020 this month. The company recorded a profit of ZWL 105. 431 million during the quarter. “At a meeting held […]

UK Pledges US$ 5 Million In Food Aid To Zim

The United Kingdom (UK) government has set aside US$ 5.4 million towards feeding around 110 000 food insecure people in Zimbabwe as part of its 47 million pounds relief fund targeting some of the world’s poverty-hit countries. The United Nations World Food Program will implement the relief program on behalf of the UK government which […]

Can Zim Economy Weather A Second Lockdown?

Resilience- is the best word that describes Zimbabwe’s economy since the turn of the millennium and under the current COVID-19 induced lockdown. The unpleasant situation has watered down prospects of turning around fortunes of the country which now hangs in the balance. According to figures released by the International Monetary Finance (IMF) last month, the […]

Stanbic Appoints New Chief Executive

Financial services provider, Stanbic Bank has appointed its Chief Financial Officer, Solomon Nyanhongo as Chief Executive (CE) with effect from 1 January 2021, 263Chat Business has learnt. Nyanhongo takes over from Joshua Tapambgwa who leaves after 18 years with the financial institution. “Please join us in congratulating Solomon as he assumes his challenging new position […]

Econet Data Traffic Surges In Q3 As Remote Learning, Working Stokes

The country’s largest telecommunications firm, Econet Wireless Zimbabwe Limited (Econet)recorded a sharp increase in data usage during third quarter (Q3) ended 30 November 2020, owing to increased remote working and learning during the COVID-19 pandemic. Zimbabwe entered a hard lockdown beginning of March last year due to the pandemic only to gradually ease around August […]

SMEs Sweat Over New Lockdown

Players in the Small and Medium Enterprises (SMEs) sector have expressed lack of preparedness to withstand a tighter level 4 lockdown set to take effect this week up to the next 30 days, 263Chat Business reports. According to the new regulations gazetted over the weekend, public gatherings of more than two people and the operations […]