Search results for 'challenges'
Companies
Double Trouble for Delta's Beer: Sorghum Struggles at Home, Abroad

Delta Corporation, a blue-chip entity listed on the Zimbabwe Stock Exchange (ZSE), has encountered significant headwinds in its sorghum beer segment, resulting in diminished sales volumes domestically

Nov 11, 2024
Companies
Masimba Reports 10% Revenue Growth Despite Liquidity Constraints

This was achieved despite liquidity challenges during the quarter as the government tightened spending in local currency through elevated interest rates which curtailed borrowing. The company was awa

Nov 19, 2024
Companies
Proplastics Reports Subdued YTD Performance with Production, Sales Down

Proplastics, a premier plastics products manufacturer and distributor, reported subdued year-to-date (YTD) results for the nine months ended September 30, 2024. The company experienced a 5% contractio

Nov 21, 2024
Zimbabwe
Hobbled by Policy Flux: How State Intervention Stifled Business Growth in 2024

The year 2024 proved to be exceptionally challenging for both developed and developing nations. Zimbabwe experienced its most severe drought in over four decades, exacerbated by the ongoing geopolitic

Nov 28, 2024
Zimbabwe
With Deteriorating Health Services, How Much Has Government Allocated for Health Sector?

he Zimbabwe government has allocated ZiG28.3 billion to the Ministry of Health and Child Care for the year 2025. When converted to United states dollars (USD) at the official bank rate of ZiG26 per d

4 hours ago

Top Stories

With Deteriorating Health Services, How Much Has Government Allocated for Health Sector?

he Zimbabwe government has allocated ZiG28.3 billion to the Ministry of Health and Child Care for the year 2025. When converted to United states dollars (USD) at the official bank rate of ZiG26 per d

4 hours ago

Mthuli Ncube Anticipates 51% Depreciation of ZiG in 2025

The Zimbabwe’s economy faces a turbulent 2025, with the local currency, the Zimbabwe Gold (ZWG), expected to depreciate by an alarming 110% in FY2025, Government 2025 Budget reviews. This grim foreca

4 hours ago

Sugar Tax Cut, Over 2 Million Unaccounted For: Will Fast Food Tax Suffer Same Fate?

Reduction of Sugar Tax: Has cut the sugar tax from 0.001% to 0.0005% per gram Revenue Allocation Concerns: Despite generating significant revenue from the sugar tax, no cancer treatment equipment has

1 day ago

Government Reduces Import Tax on EVs, but Road Conditions Remain Unchanged

Zimbabwe's Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, has cut  import duty on electric vehicles (EVs) from 40% to 25%, effective January 2025. This was

1 day ago

You Play, We Tax, State's Desperation Grows: What 10% Tax on Betting Means

In his 2025 budget presentation, Finance and Economic Development and Investment Promotion minister, Mthuli Ncube, imposed a 10% tax on all winning betting odds, effective January 1, 2025. This new

1 day ago

Choppies Exits Zimbabwe: Detailed Analysis on Unhappy Statement

Choppies is exiting Zimbabwe and has initiated discussions to divest its business, citing the adverse effects of policies that favour informal traders over formal retail operations. The company plans

1 day ago

Automotive Industry Forecast 2025: WPIC Give Projections

The World Platinum Investment Council (WPIC) has projected that automotive platinum demand will soar to an eight-year high in 2025, reflecting a transformative shift in the automotive industry toward

1 day ago

Tax Net Widens: 2025 Budget Introduces New Levies on Sports Betting, Informal Traders, Fast Foods and More

As the government grapples with the challenge of raising capital amid significant debt levels that hinder access to credit and strained diplomatic relations with Western nations, it has shifted its fo

Nov 29, 2024