Business

Sugar cane production at Hippo Valley Estates Limited declined 12 percent during the first quarter ended June 30, 2020 resulting in an eight percent slump in sugar produced compared to same period last year. Earlier in the year, the…

Zimbabwe Revenue Authority (Zimra) exceeded its revenue collection target for second quarter 2020 by an incredible 42.75 percent thanks to rising inflation that catapulted profits of local businesses and increased wages, latest figures…

The local Zimbabwean dollar has continued to lose value against the United States dollar following Tuesday's foreign currency exchange auction with the official exchange rate now standing at ZWL$80.4663from last week's ZWL$76.7596 An…

Foreign currency exchange gains and fair value credits prompted significant growth in income for financial services provider, ZB Bank in the half year period (HY) 2020 ended June 30 as the local currency value continued on a nosedive.…

All the main telecommunication companies (telcos) – both mobile and fixed – are set to adjust their tariff upwards today (the beginning of August) or have already done so. This follows their regulator Potraz’s consent that they charge…

Mineral production grew two percent from previous quarter for platinum group of metals miner, Zimplats Holdings in the three months to 30 June 2020 on account of increased operating days during the period. The miner enjoyed essential…

ZSE-listed-sugar processor, Star Africa Corporation managed to sustain profitability in the full year ended 31 March 2020 after posting a profit after tax of ZWL$ 55 million (inflation adjusted), a decrease from ZWL$ 68 million achieved…

Telecommunication companies operating in the country must have breathed a heavy sigh of relief last week after regulator Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) allowed them to charge tariffs that are not…

The local Zimbabwean dollar has continued to lose value against the United States dollar following Tuesday's foreign currency exchange auction with the official exchange rate now standing at ZWL$76.7596 from last week's ZWL$72.1470. An…

There is growing criticism of government’s lack of urgency to lift the suspension of trading on the Zimbabwe Stock Exchange (ZSE) with analysts urging authorities to expedite the process for the benefit of local businesses, 263Chat Business…