Business

Lafarge Profit Exceeds Targets

Cement maker, Lafarge Cement Zimbabwe Limited, says the gradual easing of Covid-19 induced lockdown restrictions and general improvement in business environment has seen its business experience a rebound in the third quarter period. The business recorded solid gross profit margins exceeding targets on the back of cost containment measures. Record …

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Potraz Extends Helping to the Vulnerable in Mutare

The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ), has extended a helping hand to the needy as part of its wider corporate social responsibility (CSR) programme. Yesterday, the telecommunications sector regulator donated an assortment of foodstuffs and personal protective equipment to 50 individuals living with disability in Mutare. The …

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RBZ to Smoothen Forex Allocation System

Delays currently being experienced by firms in accessing foreign currency allotted to them at the auction trading system are teething problems and the central bank is working flat out to smoothen the process, an official familiar with the developments has said. The foreign currency auction trading system, introduced on the …

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Natfoods Optimistic

The country’s largest food manufacturer — National Foods Holdings Limited (Natfoods) says financial year 2020 first quarter performance showed improvement against same period last year as well as against the last quarter of 2020. According to a trading update for the first quarter to September 30, 2020 by parent company …

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Town Planning Legislation Under Review

THE Government is looking to accelerate its urban densification programme, with plans to review the Regional, Town and Country Planning Act and allow private sector players to play major roles in urban renewal and development, Local Government, Public Works and National Housing Minister July Moyo has said. Updating of this …

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‘Tech Skills Key in Mining’

THE Government is committed to impart requisite technical skills needed in capacitating miners towards fulfilling their production obligations that will in turn spur the attainment of the US$12 billion mining sector milestone. This came up at a training workshop for miners that is being coordinated by the Minerals and Marketing …

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Axia Sales Rebound

Specialty retail and distribution group — Axia Corporation — experienced a rebound in sales volumes for the first quarter to September 30, 2020, thanks to the improved business environment obtaining. While inflationary pressures remained a concern during the quarter under review, the gradual easing of lockdown restrictions improved trading hours …

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The Role of Deposit Protection in Promoting Financial Inclusion

Financial inclusion is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society. In Zimbabwe, the Deposit Protection Corporation (DPC) is part to the National Financial Inclusion Forum crafting a new National Financial Inclusion Strategy. DPC is member of the thematic committee on …

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Delta Corporation On Recovery Path

Zimbabwe Stock Exchange listed beverages giant, Delta Corporation, reported an encouraging set of results for the half year to September 2020, defying the impact of Covid-19 related restrictions that characterised the reporting period. Delta, which for the better part of last year, and probably the previous one, reported double digit …

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Businesses Challenged to Prioritise Consumer Relations

THE Government has implored businesses to continue striving to deliver customer and consumer satisfactory goods and services despite Covid-19 induced drawbacks and warned those that fail to comply to risk denting their reputation and survival prospects into the future. The counsel came from Industry and Commerce Minister Dr Sekai Nzenza, …

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