Home / Business (page 5)

Business

OK Zim’s revenues rise

Zimbabwe’s biggest retailer OK Zimbabwe Limited’s revenue for the half year to September 30, 2019, improved by 237,4 percent to $1,1 billion from $330,1 million during the same period last year, despite the prevailing economic challenges in the country. Profit before tax went up by 1 498 percent to $185 …

Read More »

China’s firms profits grow fastest in eight months

BEIJING — Profits at China’s industrial firms grew at the fastest pace in eight months in November, but broad weakness in domestic demand remains a risk for company earnings next year. China’s industrial sector has faced persistent pressure in the past year, with manufacturers battling sluggish demand and a profit-denting …

Read More »

‘Severe macroeconomic environment impacting on livelihoods’

THE United States Agency for International Development food security department, FEWS NET, says typical livelihoods for this time of year are being severely impacted by the negative macroeconomic environment. BY TATIRA ZWINOIRA In its new food security update, FEWS NET reported that the macroeconomic environment has continued to witness food …

Read More »

OK Zimbabwe admits to ‘frequent price increases’

LOCAL retail giant, OK Zimbabwe has admitted to frequently increasing its prices as a result of the fall in the value of the local currency. BY TATIRA ZWINOIRA In the retailer’s recent financial results for the six months ended September 30, 2019, OK Zimbabwe chairman Herbert Nkala said the trading …

Read More »

Rand flat

JOHANNESBURG. — The South African rand was flat against the dollar in early trade on Friday as volumes thinned out in a holiday-shortened week, while the market focus remained on US – China trade deal developments. The rand was flat at 14,1320 versus the greenback by 0653 GMT. Overall trading …

Read More »

Gold breaks high

Gold broke higher from the bull flag formation as we predicted for several weeks for our buy signal. Silver beat 1 710/12 as expected for a buy signal targeting 1 726/30, 1 755/58 and 1 763/66. We have now reached 1 804 offering up to 90 ticks profit on our …

Read More »

NetOne offers zero tariff promotion

Michael Tome The country’s oldest mobile phone network provider, NetOne, says it will be extending the zero-tariff transaction charges to subscribers of its mobile money platform, One Money, as the firm angles to grow its market share. NetOne says it extended the zero-tariff promotion on One Money, as a means …

Read More »

Redflag over Zimdef financials

Tawanda Musarurwa Auditor-general Mildred Chiri has raised a red flag over the Zimbabwe Manpower Development Fund (ZIMDEF)’s non-compliance to International Accounting Standard 21 in respect of its 2018 financials. IAS 21 outlines how to account for foreign currency trans­ac­tions and op­er­a­tions in financial state­ments, and also how to translate financial …

Read More »

Synthetic Gems a Threat to World Diamond Market – ZELA

By Staff Reporter Mutare — Zimbabwe should clean its record in the mining of diamonds so that it does not lose its world’s market share to synthetic diamonds now being grown in laboratories, the Zimbabwe Environmental Lawyers Association (ZELA) said recently. A synthetic diamond, also known as laboratory grown diamond, …

Read More »