Business

Companies stock up on Covid-19 fears

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COMPANIES are increasing levels of stocks or working to ensure consistent supply of products in the wake of coronavirus, which has threatened economic growth plans. Major industries and some of the country’s recreational facilities have started closing down, and taking responsive measures to decongest their premises. Caledonia Mining Corporation (Caledonia) said it has put measures…

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New shutdown law put in place

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©️ THE government instituted a new law yesterday that criminalises the gathering of two or more people — except in special circumstances, as authorities further toughened their stringent measures around combating the coronavirus menace, the Daily News reports. This comes as the country begins a 21-day lockdown that was announced by President Emmerson Mnangagwa last…

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FBC shuts down five branches

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©️ FINANCIAL services outfit, FBC Holdings Limited, at the weekend said it was temporarily shutting down five of its branches in Harare and Victoria Falls in an effort to control the spread of the Coronavirus. The epidemic, which started in China three months ago, has killed thousands of people across the world including a prominent…

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EcoSure moves to help capacitate doctors, nurses

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©️ ECOSURE has announced plans to immediately support the country’s national health delivery system by equipping frontline medical staff with protective equipment as the country battles to contain the coronavirus pandemic. The innovative insurance solutions provider has also pledged to give medical workers life and health insurance in addition to safe transport to and from…

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Govt exempts coal miners

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©️ THE government has exempted coal miners, critical in the generation of electricity, from the national lockdown that begins today. In a statement yesterday, Mines minister Winston Chitando said coal mining companies were exempt from the lockdown. “Notwithstanding the exemption, the companies are obliged to observe the key principles of the above order in fighting…

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Business

Covid-19: ZSE shortens trading hours…as listed firms postpone AGMs

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THE Zimbabwe Stock Exchange (ZSE) has shortened its trading hours as individuals and companies implement social distancing measures to mitigate the spread of the novel coronavirus. A number of firms listed on the local bourse have also postponed their annual general meetings (AGMs) due to the pandemic. As of Friday, there were more than 500…

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Business

Simbisa records $108m profit

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SIMBISA Brands (Simbisa) recorded a profit of $108,29 million during the six months ended December 31, 2019 from $87,27 million in prior year after a bump in its revenues. Revenue was up 101 percent to $1,272 billion during the review period from $633,67 million in previous period while profit attributable to shareholders and headline earnings…

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Lockdown: Poor people facing tough times ahead

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©️ THERE are fears that the 21-day national lockdown announced by President Emmerson Mnangagwa on Friday night to fight the spread of the deadly coronavirus in the country could hit poor Zimbabweans very hard. Experts and ordinary people who spoke to the Daily News on Sunday yesterday said as necessary as the lockdown is —…

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Govt seeks US$100m corona war chest

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©️ THE government is scrounging around for at least US$100 million to fight the spread of the deadly coronavirus in the country, the Daily News on Sunday can reveal. This comes as the number of people who have been infected by the virus in Zimbabwe continues to rise, after the country recorded new cases —…

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Lawyers take govt to task over coronavirus

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ZIMBABWE Lawyers for Human Rights (ZLHR) have taken government to task on its state of preparedness, the number of health personnel who have been trained and measures that are being taken to track down people who arrived from high-risk nations and are possibly infected by coronavirus (Covid-19). In a letter to the minister of Health…

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