55% RioZim revenue gobbled by taxes, exchange rate anomalies

Tadiwa Musiyiwa HARARE – RioZim Limited says it is losing revenue to a “volatile operating environment”, with approximately 55% of its gross revenue spent on...

Palestine Embassy launches solidarity council

Talkmore Gandiwa A new council to coordinate all Palestine solidarity activities in the country, Zimbabwe Palestine Solidarity Council, has been launched in Harare. The council, which...

Zim manufacturing sector imports 70% of its raw materials

Christopher Mahove Zimbabwe’s food manufacturing sector sources 70% of its input components from foreign markets despite the country’s economy being agro-based. Confederation of Zimbabwe Industries chief...

Zimra warns businesses who falsify US$ financial records

Christopher Mahove The Zimbabwe Revenue Authority has given traders who are falsifying their foreign currency financial records, a December 31 ultimatum to voluntarily declare all...

Government sets aside $9 billion for national census

Takudzwa Musakasa HARARE – The Government of Zimbabwe has set aside $9 billion for the population and housing census to be conducted from 21 April...

FMP occupancy rises to 89% to boost net property income in...

Tadiwa Musiyiwa HARARE – Property firm, First Mutual Properties’ net property income grew by 62% driven by a 49% increase in revenue growth and...

Simbisa profit margins improve on improved turnover and cost containment

HARARE -  Simbisa says its group operating profit margins during the three months to Sept. (Q1 FY22 ) improved by 5 percentage points from...

New leases spur Mash Holdings’ revenue in Q-September

Tadiwa Musiyiwa HARARE – Zimbabwe Stock Exchange-listed property investment and development company, Mashonaland Holdings has increased revenue by 37% to ZWL359 million driven by new...

Rising consumer demand sees BAT cigarette sales volumes rise 25% in...

Itai Ndongwe  Improving consumer demand and increased export of cut rag tobacco saw British American Tobacco Limited (BAT) Zimbabwe recording an overall volume growth of...

Nampak volumes up 23% in Q-September on firming demand

Tadiwa Musiyiwa  Nampak Zimbabwe Limited sales volumes improved by 23% on the back of firm demand for commercial cartons in the printing and converting segment. In...