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...