Old Mutuals bank will launch this year: Williamson
The boss of South Africa’s second-biggest insurer, Old Mutual, says the group is well on track to launch its new bank later this year with a “compelling value proposition” that … Read More
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BNC warns shareholders, potential investors
LISTED nickel mining concern, Bindura Nickel Corporation (BNC) has warned its shareholders and potential investors that it projects a material decline in profitability for the rest of FY2024 due to … Read More
Willdale pins hope on construction boom
ZIMBABWE Stock Exchange (ZSE)-listed brick maker, Willdale (Pvt) Limited, expects to leverage on the ongoing infrastructure development boom to boost production and grow revenue earnings and profits. In a statement … Read More
Wealth tax net cast wider
GOVERNMENT is working on an evaluation methodology to guide the collection of Wealth Tax and has directed the Zimbabwe Revenue Authority (Zimra) to further conduct benchmark studies with peers in … Read More
Stanbic posts ZWL$744 billion profit
INFLATION-adjusted profit at financial services giant, Stanbic Bank, more than trebled to ZWL$744 billion for the year ended December 31, 2023 from the previous year, as demand for foreign currency- … Read More
Hwange Colliery suspends underground coal mining
Hwange Colliery Company Limited (HCCL), Zimbabwe’s coal mining giant, has suspended underground mining for the next six months. The decision comes after the company stockpiled a significant amount of coal, … Read More
Zimbabwe’s inflation shows signs of slowdown, but annual rate remains high
Zimbabwe’s latest inflation figures offer a mixed bag of news. While the month-on-month inflation rate dipped slightly in March 2024 compared to February 2024, the annual inflation rate remains stubbornly … Read More
Old Mutual, Girls in STEM Trust equip 1 000 women with financial literacy skills
DIVERSIFIED financial services company, Old Mutual Zimbabwe, has partnered with Girls in STEM Trust to equip at least 1 000 women and girls with financial literacy skills to enhance their … Read More
Zimbabwe Property Market: A Surprising Source of Investment
Zimbabwe’s property market might defy expectations, according to commercial property professional Kura Chihota. In a recent interview on Moneyweb’s 100th episode of The Property Pod, Chihota offered insights into this … Read More
Axia Corporation registers volume growth
RETAIL and specialty distribution group Axia Corporation Limited says it will focus on executing expansion opportunities, broadening product range, balancing pricing and achieving growth of margin. In a statement accompanying … Read More
