Dr. Panonetsa John Mangudya, the current Central Bank governor, is set to step down from his position in April 2024, marking the end of his 10-year tenure. Taking his place will be John Mushayavanhu,
Dec 15, 2023
Nampak's success can be attributed to its strategic initiatives and prudent investments. The company focused on enhancing its product portfolio by introducing innovative packaging solutions that cater
The recently concluded 2023 Kimberley Process Plenary has marked a significant milestone in the efforts to regulate the diamond trade and enhance consumer confidence in natural diamonds.
he budget proposed by Professor Mthuli Ncube, the Minister of Finance and Economic Development, for the year 2024 amounts to ZWL58.2 trillion. However, what has caught the attention of the business co
PPC Limited announced the appointment of Mr. Matias Cardarelli as Chief Executive Officer of the Group. He formally took over from Roland van Wijnen from 01 December 2023.
The beleaguered Zimbabwe dollar, has widened year to date deterioration rate by 87% from 86% last year against the United States dollar. In recent trading on Tuesday’s RBZ governed auction market, the
In a recent development, Omnia Zimbabwe, a prominent player in the chemicals industry, has contested an income tax assessment received from the Zimbabwean Revenue Authority (ZIMRA) on April 28, 2023.
Air Zimbabwe, the struggling national carrier, has appointed Edmund Makona as its new Chief Executive Officer (CEO). With 38 years of industry experience, Makona brings a wealth of expertise to the r
NMBZ Holdings Limited announced the retirement of Mr. Benedict Chikwanha from the Board with effect from 31 December, 2023, after having served ten years on the board, nine of which he served as Board
The Zimbabwe Dollar remained relatively stable in the latest auction market held on Tuesday, with minimal changes in its value. The exchange rate shifted from ZWL5738.7217 on November 7th to ZWL5755.7
Harare - Zimbabwe finds itself mired in an ongoing electricity crisis that shows no signs of abating, now expected to persist throughout the festive period. The situation is compounded by multiple fac
OK Zimbabwe Limited held its 22nd Annual General Meeting on the 2nd of November, 2023, where all the raised resolutions were passed. These notably include the confirmation of the payment of a final di
The impending sale of Tongaat Hulett, a prominent sugar conglomerate, has garnered significant attention as the company continues to grapple with a debt burden of approximately R7 billion. Under busin
Caledonia Mining Corporation announced that has changed its Nominated Adviser and Joint Broker from Cavendish Securities plc to Cavendish Capital Markets Limited. This follows the completion of the al
The Zimbabwe dollar maintained its depreciation rate of 0.4% during the latest auction market held on October 31, 2023. This resulted in the massaged currency being traded at a rate of 5718.4090 again
Simbisa Brands Limited announced that it will hold an Annual General Meeting (AGM) for stakeholders at 08:15 Hours on the 17th of November, 2023, at the Standards Association of Zimbabwe, Northend Clo
In Zimbabwe's struggling economy, where unemployment rates are reported to be as high as 75% according to NGO statistics and around 21% according to ZIMSTAT statistics, the retail industry plays a cru
Zimbabwe's statistics agency, ZIMSTAT, says the month-on-month inflation rate in October 2023 increased to 2.5%, which is 1.5 percentage points higher than the September 2023 rate of 1%. This means th
Zimbabwe is facing an extended period of blackouts as the power utility, Zimbabwe Electricity Supply Authority Holdings, announced that Unit 7 of the Hwange power plant will be taken offline for 30 da
