AFRICA BUSINESS

SA losing US$62 billion a year due to illicit financial flows

South Africa is losing more than US$62 billion a year because of illicit financial flows (IFFs), which could be used to fund the building of schools, hospitals and safer roads.This was highlighted at ...

By Staff reporter | Published: 12 September 2023

MINING & RETAIL

Simbisa Brands shifts focus to growing regional operations

Simbisa Brands invested ZWL$18.4 million in the year ended June 30, 19 on expansion and maintenance of its existing counters to a best-in-class standard as it forges ahead to consolidate its share of ...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Zimdollar, rand parity reignites debate

The Zimbabwe dollar and South Africa's Rand (ZAR) have held par for almost two weeks now, reigniting debate on whether monetary authorities should re-consider adopting the rand as a functional currenc...

By Staff reporter | Published: 05 October 2019

MINING & RETAIL

Simbisa Brands slashes prices

LISTED quick service business, Simbisa Brands, has set the pace by slashing prices of its major products by 20 percent margins in response to monetary and fiscal consolidation measures being implement...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

Villagers stranded as miner seals boreholes

Villagers in Mutoko were left scavenging for water after a local granite mining company, upon closing shop, sealed off boreholes it had drilled in the area.In his report during a provincial coordinati...

By Staff reporter | Published: 30 April 2019

FINANCIAL SERVICES

MetBank names Marandure new chairperson

METBANK has announced the appointment of a new chairperson who takes over from Wilson Manase whose tenure has expired.In a statement, the bank said Darlick Marandure took over from Manase in June 2018...

By Staff reporter | Published: 28 April 2019

BUSINESS NEWS

Zimbabwe shoots down Masiyiwa's rand proposal

Industry and Commerce minister, Nqobizitha Mangaliso Ndlovu has shot down the suggestion by billionaire telecoms tycoon Strive Masiyiwa for Zimbabwe to price all goods in South African rand to achieve...

By Staff reporter | Published: 26 April 2019

AFRICA BUSINESS

Namibia mulls end to 25-year rand peg

Namibia is growing tired of the economic pain caused by the volatile rand and is considering ending a 25-year-old peg to the SA currency.The government in Windhoek is weighing options to amend the cur...

By Staff reporter | Published: 23 December 2018

INDUSTRIALS & ENERGY

Simbisa Brands discounts US$ customers

LISTED quick-service restaurant business, Simbisa Brands, has resolved to offer discounts on its prices to customers who pay in US dollars to enhance the entity's foreign currency earnings. In an oper...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Simbisa Brands implements two-tier pricing model

ZIMBABWE's largest fast food chain, Simbisa Brands Limited (SBL), says it will implement a two-tier pricing model, offering discounts for customers paying in United States dollars as it tries to raise...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Busisa Moyo re-ignites rand debate

Industrialist Busisa Moyo has re-ignited the rand adoption debate by saying Zimbabwe can encourage "the wider circulation of the South African currency under its multi-currency system".This also comes...

By Staff reporter | Published: 03 December 2018

POLITICS

Police demand $3,6m for rebranding

Police Commissioner-General Godwin Matanga, who admitted in Parliament yesterday to selective application of the law by members of the police force, said they required at least $3,6 million for rigoro...

By Staff reporter | Published: 28 November 2018

BUSINESS NEWS

Zimbabweans want US or Zim dollar only, not SA Rand

THE majority of Zimbabweans would be happy to adopt the United States dollar or the Zimbabwe dollar as only currency and are adverse to the use of bond notes, according to a recent public opinion surv...

By Staff reporter | Published: 21 September 2018

POLITICS

Harare Province rebrands

Harare Metropolitan Province has completed its rebranding exercise with the tagline "Pulse of Zimbabwe", which is expected to position the province as the leading investment, tourism and trade destina...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Brands and stores affected by Edcon's new recovery plan

Edcon Holdings' latest recovery plan includes closing chains including Red Square cosmetics and La Senza lingerie and attempting to lure their customers to its flagship Edgars clothing stores.The move...

By Bloomberg | Published: 05 July 2018

TELECOMS & TECHNOLOGY

EcoCash glitches leave thousands stranded

THOUSANDS of Econet customers have been stranded in recent days as the popular EcoCash mobile money transfer platform has been misfiring.Subscribers have been struggling to make payments via EcoCash s...

By Staff reporter | Published: 04 July 2018

POLITICS

0 arrests over Mnangagwa grande, 30 over Ethiopia attack

The number of officials detained in connection with Saturday's bomb attack in the Ethiopian capital, Addis Ababa has reached about 30, state TV reported. Addis Standard late yesterday wrote wrote on i...

By Staff reporter | Published: 25 June 2018

TRANSPORT & TOURISM

Air Zimbabwe leaves passengers stranded

Scores of passengers were left stranded at Robert Gabriel Mugabe International Airport yesterday morning after an Air Zimbabwe flight to Bulawayo took to the skies two hours earlier than scheduled.The...

By Staff reporter | Published: 25 June 2018

OPINION

Mazoe: Why we must not kill this Zim brand

Mazoe juice has a long-standing history of brand loyalty unseen not only here in Zimbabwe, but the world over. Its true value is hinged in the desire by its huge loyalty base for long-term connections...

By Sifelani Tsiko | Published: 22 June 2018

TRANSPORT & TOURISM

Tourism leads brand Zimbabwe campaign

At a local upmarket hotel, guests emerge with T-shirts emblazoned Zimbabwe is open for business. This is the new mantra adopted by President Emmerson Mnangagwa's administration to lure investors after...

By Staff reporter | Published: 20 June 2018

ECONOMC INDICATORS

Falling SA rand hammers ailing Zimbabwe

THE alarming fall of the South African rand against major currencies - over the past few months - is likely to hit Zimbabwe's ailing economy hard.Although Harare continues to resist local industry's i...

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

'Zim needs rebranding to attract FDI'

ZIMBABWE needs to brand itself in order to attract foreign direct investment (FDI) as it faces stiff competition from other regional countries, an official from the Office of the President and Cabinet...

By Staff reporter | Published: 11 June 2018

BUSINESS NEWS

Chamisa wants Zimbabwe to use SA Rand

The MDC Alliance launched its election manifesto in Harare on Thursday‚ vowing to deal with Zanu-PF's "economic mischief"‚ should its candidate‚ Nelson Chamisa‚ romp to victory.Presenting the ...

By Staff reporter | Published: 07 June 2018

FINANCIAL SERVICES

Barclays Zim to operate under dual brand by October

BARCLAYS Bank of Zimbabwe says it will be operating under a dual brand by October this year following its acquisition by FMB Malawi last year.Last October, FMB received regulatory approvals to acquire...

By The Source | Published: 04 June 2018

TELECOMS & TECHNOLOGY

Econet named in Top 100 best brands in Africa

Brand Africa in association with the JSE, announced the Top 100 best brands in Africa on their 6th annual Brand Africa 100: Africa's Best Brands at the JSE in Johannesburg and Econet made the most spe...

By Staff reporter | Published: 30 May 2018
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