Business

RBZ takes action against rogue businesses

Nqobile Tshili, THE Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) is taking action against business operators who refuse to accept the local currency or charge above the official ...

Revitus anchors REIT business on CBD properties

Revitas contends that the dilapidated state of the CBD properties presents a strong case for urban regeneration. The neglect is however, coming at a cost to the capital city’s appeal, as the quality ...

Puma Energy opens aviation depot

Puma’s aviation fuel depot was opened at Robert Gabriel Mugabe International Airport yesterday by Energy and Power Development Minister Edgar Moyo, a US$3 million investment to add to the facilities ...

AFC may sell rand, other currency bonds

Selling bonds denominated in local currency protects borrowers from the risk of exchange-rate depreciation while securities denominated in major currencies such as the dollar can make repayments ...

Bakers Inn to build second plant in Byo

The company last week commissioned a US$27,8 million bakery. It is now operating at full capacity, producing 8 000 loaves of bread per hour, and has yielded significantly improved loaf quality and ...

Structured products used to navigate SA market

The investment offers a degree of capital protection if markets underperform, but a potentially significant return of 100 percent cumulative return in US dollars if a global share portfolio is flat or ...