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NRZ Offers Free Rail Cargo to Transport COVID-19 Goods

Struggling National Railways of Zimbabwe (NRZ) has availed free transport for the movement of goods and commodities meant to assist in the fight against Covid-19 to every entity demanding the services. The State-run company’s public relations manager, Nyasha Maravanyika confirmed the development to and said the decision to provide …

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Lafarge Projects 30pc Q2 Volumes Decline

Listed cement producer, Lafarge Cement, is anticipating a 30 percent decline in volumes during the current quarter as a result of the debilitating effects of the novel coronavirus (Covid-19) pandemic. The global health pandemic is negatively impacting the construction sector — which is key to cement producers like Lafarge — …

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6,000 Back From Diaspora

An estimated 6 000 Zimbabweans have come back home since the start of Covid-19, resulting in the Government spending millions of dollars to cater for those in mandatory quarantine centres. All returning citizens are held in a quarantine centre for eight days before being allowed, should they test negative on …

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Outcry Over Soup Kitchen Closure

About 1 600 people in Chitungwiza that were relying on a soup kitchen run by a good Samaritan from her home were yesterday left stranded after council closed it down. Council closed down Ms Samantha Muzokori’s kitchen in Unit A, Chitungwiza because it was not registered with it and the …

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‘Money Printing Impact Is Worse Than COVID-19’

The Zimbabwe National Chamber of Commerce (ZNCC) has warned government against printing money to fund the ZW$18 billion Covid-19 Economic Recovery and Stimulus Package saying to do so will have a more devastating impact than the pandemic. President Emmerson Mnangagwa announced the stimulus package to provide relief to distressed sectors …

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COVID-19 Constrains SADC Economy

The novel Coronavirus (Covid-19) pandemic has constrained Southern African Development Community (Sadc) economies resulting in an uncertain business landscape across the region and the world. The regional bloc said this in its latest monthly report for April, which assessed the impact of Covid-19 on member countries. As the pandemic-induced pressure …

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COVID-19 – Firms Must Engage Professional Accountants

A volatile mix of high inflation and Covid-19 turmoil has thrown Zimbabwe’s financial reporting system into a tailspin. Chartered accountants have a front-row seat as this turbulent situation unfolds. Business reporter Fidelity Mhlanga (FM) this week caught up with Institute of Chartered Accountants of Zimbabwe (Icaz) chief executive officer Gloria …

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