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WITH over 80 percent of transactions now in U.S. dollars, First Mutual Holdings (FMHL) said it will expand its U.S. dollar-based product portfolio to maintain product relevance. FMHL is a leading financial services group in Zimbabwe, offering services in risk management, wealth creation, and wealth management. In the group’s financial statements for six months to […]

Climate change intensified the torrential rain and flooding that has swept the Western Cape over the past two days, claiming at least 11 lives and forcing the evacuation of about 1 000 low-lying homes, the region’s top officials said. The rains, which came just a week after larger-than-normal spring tides and earlier deluges, closed major […]

Investors in Tongaat Hulett appear virtually certain to receive nothing for their shares in the severely financially distressed JSE-listed sugar producer and property company. Mr Peter Steen, one of the joint business rescue practitioners (BRPs), said on Tuesday it was already envisaged in the first version of the business rescue plan that it is the […]

Business Reporter Beta Holdings is optimistic that the coming online of a new clay brick plant in Melfort- situated about 40km east of Harare – will help to fill the current market supply gaps while enabling the company to meet its delivery commitments. BETA recently installed a new brick in Mount Hampden where it already […]

Nelson Gahadza Senior Business Reporter International cricket stars, local pension funds, and Zimbabweans living in the diaspora have shown interest in buying properties in Zimbabwe’s new high-tech cyber city, the project promoters have said.          Construction of cyber city in Mount Hampden in western Harare is set to begin “in the next few […]

Godknows Hofisi  Individuals and organisations take out insurance policies to mitigate against risks. These risks range from loss due to accidents, fire, theft, and many others. So generally, many people are familiar with how insurance works. In this article, I look at Statutory Instrument 81 of 2023 known as Insurance (Amendment) Regulations, 2023 (No.26) which […]

China firmly opposes the US Department of Treasury’s sanctions on certain Chinese firms and individuals imposed on unfounded grounds of having links to Iran’s drone and military aircraft development, the Ministry of Commerce said in Beijing on Tuesday. China noticed that on September 19, the United States placed some Chinese enterprises and individuals on its […]

VAN BUREN TOWNSHIP, Michigan. — President Joe Biden grabbed a bullhorn on the picket line on Tuesday and urged striking auto workers to “stick with it” in an unparalleled show of support for organised labour by a modern president. Donning a union ballcap and exchanging fist bumps, President Biden told United Auto Workers strikers that […]

Leaders in the United States Senate have agreed to a stopgap measure designed to prevent an imminent government shutdown over budget legislation. The deal, hashed out between Republicans and Democrats, would keep the government open for six additional weeks. It would also earmark approximately $6bn in short-term funding for Ukraine as it fends off a […]

Oliver Kazunga Senior Business Reporter THE Grain Marketing Board (GMB) has launched a grain swap initiative aimed at encouraging maize and traditional grains production in appropriate agro-ecological regions, its chief executive Dr Edison Badarai said. Zimbabwe has five agro-ecological regions with one to three having the best agricultural suitability for maize, the main staple, while regions […]

Herald Correspondent Econet Wireless, Zimbabwe’s leading telecommunications and technology company, has won three awards at the Marketers Association of Zimbabwe (MAZ) Southern Region Awards held in Bulawayo last weekend for its outstanding marketing campaigns on the company’s recent network upgrades across the country. Econet won the Best Regional Video/ TV Advert of the Year 2023, […]

Oliver Kazunga Senior Business Reporter DALLAGLIO Investments has maintained its spot as one of Zimbabwe’s top three gold producers after delivering 1 080 kilogrammes of the yellow metal in the six months to June 2023. The mining firm is one of the subsidiaries of Padenga Holdings Limited, which is also a crocodile breeder in the country. […]

Business Reporter Transport and logistics company Unifreight Africa’s revenue for the interim period to June 2023 grew 115 percent to $55 billion compared to $22 billion in the prior year, largely driven by increased tonnage. Listed on the Zimbabwe Stock Exchange (ZSE), Unifreight is a transport holding company offering logistics, freight, and passenger services to […]

South Africa’s main coal producing province of Mpumalanga, the focus of the country’s $8,5 billion Just Energy Transition Partnership, has received no government funding to help workers and communities find alternative livelihoods, a new study shows. The province, which accounts for 83 percent of national coal production, will lose 48 500 jobs at power plants […]

The South African government urged farmers to intensify biosecurity measures after an avian influenza outbreak resulted in the deaths of more than 2,6 million birds. Six of the nation’s nine provinces have been affected by the 50 HPAI H7 and 10 HPAI H5 subtypes of the virus, the Department of Agriculture said in a statement […]