Business

60 percent allowance review for striking Zim doctors

Edwin Mwase The Zimbabwe government has increased health sector staff allowances by 60 percent and ordered striking doctors to resume duties on Monday. It emerged on Saturday that doctors’ ...

Steep increases in electricity tariffs

… Prices set to be reviewed monthly  THE price of electricity has gone up by 227 percent and the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), says that prices will now be ...

CBZ in 300% profit surge

Ndaka Majaka ZIMBABWE’S largest financial services group, CBZ Holdings Limited (CBZ), posted a 301 percent surge in profit-after-tax to RTGS$137.4 million in the six months ended June 30, 2019 up from ...

Rates Soar in Reaction to RBZ Measures

Tinomuda Chakanyuka While activity on the parallel market in Zimbabwe has subsided after the introduction of the RTGS$100 cap per transaction on all cash-in and out transactions, the cost of accessing ...

We still accept forex: Simbisa

Business Writer FAST foods giant, Simbisa Brands Limited, says it will continue accepting foreign exchange (forex) payments despite a central bank ban on the use of forex in domestic transactions. In ...

Cassava trades lower on court drama

Ndaka Majaka ECOCASH parent company, Cassava Smartech (Cassava), yesterday traded lower on the Zimbabwe Stock Exchange (ZSE) following a High Court challenge lodged by the firm after a central bank ...