© MASIMBA Holdings (Masimba) says it has a firm order book of $45 million with strong bias towards mining, agriculture and housing, which will support the group’s growth ambitions. Canada Malunga, the company’s chief executive, said the order book is expected to grow on anticipated infrastructure projects. [GoogleAd] “We have a strong order book of…
CBZ Holdings (CBZ), through its properties division CBZ Properties, has lined up various housing and office development projects worth over $40 million, as the group targets to consolidate its presence in the sector. [GoogleAd] Blessing Mudavanhu, the CBZ group chief executive, said the unit will focus on property and infrastructure development, property management and valuations….
BOTSWANA-headquartered supermarket chain Choppies says it is still progressing matters relating to the delay in the publication of the financial results for the year ended June 30, 2018. The delay resulted in the Johannesburg Stock Exchange (JSE) and the Botswana Stock Exchange (BSE) suspending its shares late last year. [GoogleAd] Last week, the retailer referred…
HARARE businessman Shingi Munyeza has called for political dialogue between the main political actors in Zimbabwe’s body politic, saying the discord between them is undermining efforts to revive the country’s economy. [GoogleAd] Munyeza, who was invited as one of the panellists at the launch of the State of the Economy Report in Harare yesterday, threw…
PERENNIAL loss-maker Zeco Holdings (Zeco) has once again said it is delaying its release of its financials by up to a month, but didn’t give reasons. At one point, it missed the deadline for 2014 results by about two months. [GoogleAd] In 2016, the engineering company was also suspended from the Zimbabwe Stock Exchange (ZSE)…
© THE Zimbabwe Revenue Authority (Zimra) says it is now on stage three of the fiscalisation process — introduced with the objective to plug leakages in Value Added Tax (VAT) payment. [GoogleAd] Zimra’s commissioner for domestic taxes Rameck Masaire, told a dialogue organised by Deloitte on Thursday that the national tax collector has taken time…
© PEOPLE’S Own Savings Bank (POSB) says its profit after tax for the year 2018 increased by 49 percent to $16,89 million from $11,36 in 2017, due to an increase in net income. [GoogleAd] Mathilda Dzumbunu, the bank’s chairperson, also attributed this growth to Zimbabwe’s economic expansion, which is estimated to have grown by 3,5…
© ZIMBABWE’S telecommunication companies did not increase prices for out of bundle services but only revised the promotions they were offering, the regulator has said. [GoogleAd] This comes after there was a public uproar from subscribers across the country when telecommunication firms — Econet, Telecel and NetOne — last month revised data prices for promotional…
© FACEBOOK and WhatsApp have become a part of the daily lives of many people the world over. Over two billion people are reported to be using Facebook while over a billion people are on WhatsApp worldwide. [GoogleAd] In Zimbabwe, many people now use Facebook and WhatsApp for both communication and business. Our reporter Pauline Hurungudo…
© THE Daily News on Sunday spoke to Grain Millers Association of Zimbabwe (Gmaz) chairperson Tafadzwa Musarara over the grain situation in the country. Below are excerpts from the interview he had with Assistant Editor Maxwell Sibanda. [GoogleAd] Q: The El Nino-induced drought has destroyed crops in most parts of the country; what plans has…
