Business
Tanganda puts VFEX listing on hold, pursue secondary listing
Tanganda Tea Company has ditched plans to migrate to the Victoria Falls Stock Exchange (VFEX), instead opting to pursue a secondary listing on the bourse. The Company had initiated the process to migrate to the foreign currency denominated bourse from the Zimbabwe Stock Exchange (ZSE). The company issued an amended cautionary statement dated 10 December […]
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Tanganda returns to profitablility amid spur in avocado sales volumes
Tanganda Tea Company says its revenue grew by 9% to US$25.7 million for the year ended 30 September 2024. The growth is attributed to an increase in avocado export volumes and firming of prices post covid-19. The company recorded an increase in exports of 39% to US$15.1 during the year. A dip in local sales […]
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Churches liable to pay tax
The Zimbabwe Revenue Authority (ZIMRA) has clarified income that Churches are liable to pay tax. Generally church income has been assumed to be exempt from taxation. However this position is not correct. Churches which carry out trade activities are subject to income tax. Revenue from the sale of church literature, food, books, or music, church-branded […]
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Competition and Tariff Commission declines CBZ offer to minorities
The Competition and Tariff Commission (CTC) has resolved that CBZ Holdings Limited (CHZHL) must maintain 31.22% shareholding in First Mutual Holdings Limited (FMHL) which was initially approved by the Commission. CBZHL sought to acquire additional shareholding in FMHL through a Mandatory Offer to minority shareholders in accordance with the ZSE Listing Requirements and the Companies […]
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Driving Industrialization Through Local Vehicle Assembly
Zimbabwe is poised for a transformative shift in its economic strategy with the 2025 National Budget announcement by Finance Minister Professor Mthuli Ncube. By lifting the temporary suspension of customs duties on imported public service buses, effective January 1, 2025, the government has signaled a commitment to fostering local vehicle assembly and strengthening the country’s […]
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Air Zimbabwe’s Bold Move to Boost Northern Gateway: A Game-Changer for Regional Growth
In a move that promises to reshape the future of regional connectivity and economic growth, Air Zimbabwe is set to expand its reach, bringing hope and new opportunities to northern Zimbabwe. The national carrier’s announcement to relaunch and enhance regional and international routes is not just about aviation—it’s a clear commitment to regional development, greater […]
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ESG Awards Highlight Zimbabwe’s Business Transformation for a Sustainable Future
The 8th Zimbabwe National ESG and Responsible Business Achievement Awards, held at the Harare International Conference Centre on Friday, were not merely a celebration of corporate excellence; they were a testament to Zimbabwe’s growing commitment to a sustainable future. As the country advances towards Vision 2030, these awards underscored the remarkable transformation underway in the […]
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Kamativi Scoops Prestigious Award for Excellence in Social Impact and Environmental Sustainability
Kamativi Mining Company (KMC) has set a new benchmark for responsible corporate governance, emerging as a leader in both environmental conservation and community development. Recognized with the prestigious “Social Impact and Excellence Award” by the Environment, Social Governance (ESG) Network of Zimbabwe, the company’s efforts are a testament to the transformative role businesses can play […]
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ZSE Halts Meikles shares trading amid row
Meikles Limited shares have been halted from trading on the Zimbabwe Stock Exchange for a period of up to one hundred and eighty days (180) to allow the company to address some corporate governance issues. The suspension is effective the 26th of November 2024. The company has recently been in turmoil following major shareholder John […]
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Bridgefort Capital delists from ZSE, sets sight on VFEX
Bridgefort Capital Limited has voluntarily terminated its listing on the Zimbabwe Stock Exchange (ZSE) with effect from the 26th of November 2024. The company’s class A and B shares can no longer be traded on the bourse. The company’s shareholders resolved to terminate the listing on the 15th of November. The move is in line […]
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