Just in

Zimbabwe: ZSE Mainstream Industrial Index Weakens

The Zimbabwe Stock Exchange mainstream Industrial Index weakened 3,98 percent to close the month of February at 135,31 on depressed heavy cap counters. Headlining losers for the month were telecoms giant Econet, which lost 22,14 percent of value to close the month at 14 cents, its lowest price since the …

Read More »

Zimbabwe: Newspaper Vendor Vanishes With U.S.$176 Sales Proceeds

A Zimbabwe Newspapers (1980) Ltd vendor, who stole 176 newspapers, has been sentenced to 210 hours of community service. Jonathan Mahura (41) pleaded guilty when he appeared before Harare magistrate Ms Tilda Mazhande last week, who sentenced him to 14 months in jail for theft. Six months were set aside …

Read More »

Zimbabwe: Contracts Termination Unsettles Workers

By Kudzai Kuwaza A decision to terminate contracts of employment and transfer employees to a new entity at Olivine industries has rattled workers as the manufacturing firm looks at restructuring the business, businessdigest has learnt. Olivine, in 2015, changed its shareholding with Singapore shareholder Wilmar International and Midex Group jointly …

Read More »

Zimbabwe: Five Firms Apply for Liquidation

By Kudzai Kuwaza AT least six companies from various sectors of the economy applied for either liquidation or judicial management in January this year, businessdigest has learnt. Many companies in Zimbabwe closed shop last year due to harsh economic challenges. According to statistics availed by the Employers’ Confederation of Zimbabwe(Emcoz), …

Read More »

Zimbabwe: ‘Brace for More Price Hikes’

By Taurai Mangudhla Zimbabweans should brace for more price increases this year as manufacturing sector output remains depressed while exports sag, analysts say. Despite the introduction of bond notes as an export incentive, the country’s foreign currency reserves have remained subdued with critics blaming the surrogate currency — which is …

Read More »
error: Content is protected !!