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Business Writer DELTA Corporation has to date invested US$2 million in its school bursary programme that has benefited 1 200 students, the Corporation’s General Manager – Corporate Affairs, Patricia Kudzai Murambinda said. The bursary scheme program is also complemented by Delta Technical Institute (DTI) which develops artisans for the group from A-Level students. The DTI […]
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Sikhulekelani Moyo, [email protected] LISTED Exchange Traded Fund (ETF) Cass Saddle Agriculture has called upon farmers to heed the call by the Government and invest in conservative farming techniques to reduce the effects of droughts which are caused by climate change. The Cass Saddle Agriculture Exchange Traded Fund (CSAG) debuted on the Zimbabwe Stock Exchange on 15 […]
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Sikhulekelani Moyo, [email protected] MORGAN & Co Made in Zimbabwe Exchange Traded Fund (ETF) has said the manufacturing sector has shown resilience during 2023, despite the challenges being faced by the sector. The Made in Zimbabwe ETF is an actively managed fund which primarily invests in Zimbabwean manufacturing companies. Normally, at least 80 percent of the fund […]
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Nqobile Bhebhe, [email protected] FBC Holdings (FBCH) Limited expects to complete the acquisition of 100 percent shareholding in Standard Chartered Bank Zimbabwe Limited in the second half of the year as it has received most of the necessary regulatory approvals and is working towards fulfilling conditions precedent to the acquisition. The Reserve Bank of Zimbabwe (RBZ) Registrar […]
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Michelle Moyo, [email protected] THE National Social Security Authority (NSSA) Matabeleland region won two accolades last week where its regional manager was recognised as the most influential young business leader in Zimbabwe and the regional office was voted as the First Runner Up in the public sector. Speaking to Business Chronicle, NSSA Bulawayo regional manager, Ms Sithatshisiwe […]
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Senior Business Writer THE National Railways of Zimbabwe (NRZ) is intensifying its estate verification exercise, giving individuals and entities occupying or possessing properties registered under NRZ without a valid lease agreement or authorised transfer, 30 days to regularise. The parastatal launched a nationwide blitz to recover over US$2,3 million owed by the leaseholders. The estate […]
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Senior Business Writer INDUSTRY and Commerce Minister, Mangaliso Ndlovu yesterday implored departments under the ministry to align with the expectations of President Mnangagwa of high work ethic, humility, respect and integrity to meet service delivery expectations. Minister Ndlovu said this during the 2024 signing of performance contracts in his ministry in Harare recently. He said […]
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Sikhulekelani Moyo, [email protected] CIGARETTE producer British American Tobacco (BAT) contributed more than $115 billion to the treasury through different tax heads achieving a total revenue of $288 billion for the year ended December 31, 2023, the company has said. In a statement accompanying its end-of-year financial results for the period ended December 31, 2023, the group […]
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Sikhumbuzo Moyo, [email protected] RETAIL giant OK Zimbabwe’s annual promotion, the Grand Challenge will see the return on board of OK Mart as the promotion marks its 35th year of existence. Lucky shoppers at OK Mart will stand a chance of winning one of the 10 Hyundai H100 trucks being provided by the outlet. WATCH: https://youtu.be/xBpm1LS8i5I With […]
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Sikhumbuzo Moyo THE annual Ok Grand Challenge launch is on countrywide today. Lucky shoppers stand a chance to win $1 million in prizes and 40 cars are up for grabs. OK Mart is this year part of the challenge, providing 10 Hundayi H100 trucks to be won by lucky shoppers. Various other companies are participating […]
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Nqobile Bhebhe, [email protected] HWANGE Colliery Company Limited’s (HCCL) mining division driven by the mechanisation of the segment in the first quarter of the year 2023 was the most performing segment when compared to the Estate division and Medical Division, as the mining entity recorded a profit before tax of US$10,2 million in the third quarter that […]
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Nqobile Bhebhe, [email protected] ECOCASH Holdings is set to transfer all shares to Econet Wireless Zimbabwe that it owns in the Financial Technology Businesses, valued at $509 billion, under the proposed Scheme of Reconstruction, payable in cash and partly in Econet Treasury shares. Econet will now assume control of the mobile money division of EcoCash, the on-demand […]
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Nqobile Bhebhe, [email protected] THE planned partial privatisation of the People’s Own Savings Bank (POSB) has been put on halt as the bank awaits further guidance on the project from the shareholder. Partial privatisation was set to be completed by the end of 2023. The Government, which wholly owns the bank, plans to partially privatise POSB as […]
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Nqobile Bhebhe, [email protected] THE Consumer Council of Zimbabwe (CCZ) has said surveys indicate that grain and mealie-meal are readily available in both the formal and informal markets, with the consumer watchdog expressing appreciation to efforts by the Government and all key stakeholders, in ensuring consumers have access to abundant grain despite the serious drought that has […]
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