Gold, crocodile units add shine to Padenga earnings
Business Reporter Victoria Falls Stock Exchange-listed entity Padenga Holdings reported significant growth in volumes at both its gold and crocodilian divisions for the financial year ended December...
View ArticleZimpapers revenue jumps 87pc
Nelson Gahadza Senior Business Reporter THE country’s largest media group, Zimbabwe Newspapers (1980) Limited, posted an 87 percent growth in full-year revenue to $167,1 billion from $89,6 billion...
View ArticleTesla founder Musk’s having a terrible year
It seems like he’s been taking blow after blow — from a judge striking down his US$55 billion pay package in January to Tesla’s difficult first quarter. Musk’s golden child, Tesla, has been facing...
View Article‘Structured currency a potential game changer’
Business Reporter THE Government will soon introduce a structured currency, announced by President Mnangagwa when he addressed the first Cabinet meeting in February this year. Authorities believe it...
View ArticleDairibord nears toll manufacturing in SA
Nelson Gahadza Senior Business Reporter Dairibord Holdings (DZL) says its toll manufacturing project in South Africa is now at an advanced stage, as the group looks to improve its capacity to generate...
View ArticleDairibord toll manufacturing project in SA to generate forex
Nelson Gahadza-Senior Business Reporter Dairibord Holdings (DZL) says its toll manufacturing project in South Africa is now at an advanced stage, as the group looks to improve its capacity to generate...
View ArticleMatter of Fact
In our story titled ‘New Premium Golf Course for Harare’, published in The Herald Finance & Business section today, we erroneously referred to the acronym PGA as standing for Parental Guidance...
View ArticleMatter of Fact
In our story titled ‘New premium golf course set for Harare’, published in The Herald Finance & Business section today, we erroneously referred to the acronym PGA as standing for Parental Guidance...
View ArticleTurnal fails to build on revenue growth
Enacy mapakame Turnall Holdings Limited revenue for the full year to December 31, 2023 more than doubled to $84,2 billion compared to $40,3 billion achieved in the prior year, which was however not...
View ArticleFBC sees 255pc jump in before profit
Tapiwanashe Mangwiro Senior Business Reporter FBC Holdings (FBC) before-tax profit for the full year to December 2023 jumped 255 percent to $403,5 billion, in a demonstration of resilience amidst...
View ArticleKenya opts to cut spending by 12pc
In line with the Kenyan president’s plan for its national budget, Kenya has opted to lower its expenditure plan for the fiscal year beginning this July by 12 percent to Ksh3,7 trillion (US$28,35...
View ArticleSouth Africans increasingly ditching physical wallets
Growth in digital wallet usage in SA’s biggest cities outpaces that of developed markets, latest research reveals. Digital wallets remove the risk of physical theft or loss. Image: Anthony...
View ArticleDangote set to start gasoline deliveries in Nigeria next month
Nigeria’s new mega-refinery will begin domestic gasoline deliveries in May, weaning Africa’s most populous country off costly petroleum imports. The facility built outside Lagos by Africa’s richest...
View ArticleThe benefits of cultivating a long-term investment mindset
This mindset not only helps create wealth but also fosters emotional resilience amid market fluctuations. In today’s fast-paced financial landscape, where instant gratification often takes precedence,...
View ArticleGold sets another record above US$2 300 an ounce
Gold set another record above US$2 300 an ounce on the likelihood the Federal Reserve will cut interest rates this year, and sustained demand from central banks. Bullion touched a peak of US$2 304,96...
View ArticleCaledonia eyes 233pc increase in gold output
Business Reporter CALEDONIA Mining Corporation expects its gold production capacity in Zimbabwe from about 75 000 ounces to 250 000oz annually, after the mining group set its sights on becoming a...
View ArticleVolkswagen Group China to shape new era
“China has already become our second home. Volkswagen, with a strategy of ‘In China, For China,’ is deeply engaged in cultivating the new quality productive forces and contributing to China’s...
View ArticleRBZ recalibrates interest rate
Nelson Gahadza Senior Business Reporter THE Reserve Bank of Zimbabwe (RBZ) has recalibrated the bank policy rate from 130 percent per annum to 20 percent, consistent with the new monetary policy...
View ArticleMushayavanhu carries weight of expectant nation
Elliot Ziwira Senior Writer It is on a Friday at 12.10pm as the air-conditioned elliptical conference room at the Reserve Bank of Zimbabwe building in Harare teems with a hotchpotch of journalists,...
View ArticleStakeholders laud policy
Oliver Kazunga Senior Business Reporter ECONOMIC analysts and captains of industry yesterday welcomed the 2024 Monetary Policy Statement (MPS) saying it will promote macro–economic stability and...
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