Samsung world’s top phone maker in 2023
Apple’s iPhone dethroned Samsung Electronics Co devices to become the best-selling smartphone series over the course of 2023, the first time South Korea’s largest company has lost the top spot since...
View ArticleManhize project to put NRZ back on track
Business Reporter THE National Railways of Zimbabwe (NRZ) is upbeat that the US$1,5 billion steel project by Dinson Iron and Steel Company will bring a new lease of life to the country’s bulk...
View ArticleMinister Mavetera meets postal, courier services stakeholders
Ivan Zhakata Herald Correspondent Minister of ICT, Postal and Courier Services Dr Tatenda Mavetera today met with stakeholders in the postal and courier services sector to hear their 2024 expectations....
View ArticleKenya shilling at record low
New funding pledges of nearly US$900 million ahead of a Eurobond repayment deadline are failing to defend Kenya’s shilling from fresh lows, with analysts forecasting further weakness as the rising cost...
View ArticleSA supply-chain disruptions far from over
South Africa’s freight rail and port deficiencies are set to continue and businesses should brace for further supply-chain challenges this year, auditing firm PwC said. “Aside from the impact of...
View ArticleSA online retail poised for growth
Online retail is perfectly positioned to grow market share by between 5 percent and 10 percent in the near term as consumers more eagerly embrace online shopping and look for more diverse e-commerce...
View ArticleMeikles revenue more than doubles in third quarter
Business Reporter Diversified hospitality group, Meikles Limited’s revenue for the third quarter to November 30, 2023 more than doubled to $613,1 billion on improved business compared to the same...
View ArticleZulu project to restart production next month
Business Reporter Premier African Minerals has maintained late February as the deadline for production-restart at its Zulu lithium and tantalum project in Matabeleland South Province. In November last...
View ArticlePharmaceutical industry seeks US$10 million
Business Reporter PHARMACEUTICAL industry stakeholders say the sector requires at least US$10 million for recapitalisation and is advocating for the availability of more affordable finance for the...
View ArticleZimborders reviews vehicle toll fees to speed up automation
Business Reporter Zimborders Consortium, which manages Beitbridge Border Post (BBP) has raised access toll fees for various vehicle categories as it seeks to bolster border automation and accelerate...
View ArticleMulti-billion-rand project delayed again
The organised construction industry has expressed serious doubt about the reasons provided by the Border Management Agency (BMA) for the extension of the date for the submission of bids for a...
View ArticleIvory Coast raises US$2,6bn in eurobonds
Ivory Coast successfully raised $2.6 billion through two bonds with respective maturities of nine and 13 years in its first return to the international eurobonds market after two years of absence, the...
View ArticleInvictus Energy launches entitlement offer
INVICTUS Energy has launched an entitlement issue for ordinary shares to all eligible shareholders following a private placement that raised over AUS$15 million (equivalent to US$10,2 million) to fund...
View ArticleTesla to build new model
Tesla is to start production of a new mass market electric vehicle code-named “Redwood” in mid-2025, according to people quoted by Reuters, with two of them describing the model as a compact crossover.
View ArticleBusiness law: Breach, dispute resolution in contracts
Breach and disputes in contracts including commercial contracts are common in everyday life. In this article I look at providing for breach and disputes in contracts or agreements.
View ArticleManikai appointed new National Foods board chair
National Foods Holdings, a Victoria Falls Stock Exchange (VFEX) listed firm, announced that Edwin Manikai is the new board chairman after the resignation of Mr Todd Moyo from the position effective...
View ArticleTelcoms sector to ride on rapid demand for services
TELECOMMUNICATION companies say they expect to increase their investments in 2024 on the back of an anticipated surge in telecommunications and ICT services demand.
View ArticleCUT blossoms into export powerhouse with ZimTrade’s help
Chinhoyi University of Technology (CUT), once solely focused on education, is now making waves in the world of international trade thanks to a fruitful partnership with ZimTrade, Zimbabwe’s national...
View ArticleTongaat shareholders advised to sell, even for 1c per share
Tongaat Hulett’s thousands of shareholders should sell their shares in the financially-distressed suspended JSE-listed sugar producer and property developer — even for 1 cent per share — to limit their...
View ArticleUSD trading environment to sustain the property market
The extension of the USD trading environment to 2030 is expected to sustain property demand in the immediate term, First Mutual Wealth has revealed in its report.
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