Mthandazo Nyoni

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Technology reduces cost-income ratios

Agrippa Mugwagwa — the managing director of Xarani Private Limited, an FBC Holdings subsidiary — said technology was the future.

By Mthandazo Nyoni Aug. 30, 2022

DPC pays out $139 million

The six failed financial institutions were Royal Bank, Trust Banking Corporation, Afrasia, Interfin Banking Corporation, Allied Bank and Genesis Investment Bank.

By Mthandazo Nyoni Aug. 31, 2022

Digital platforms transfer ZW$8tn

Mutepfa said women's financial inclusion moved from 68% in 2014 to 83% in 2022.

By Mthandazo Nyoni Sep. 2, 2022

‘Policy rate to drive CBZ revenue’

Operating costs were up 302% year-on-year primarily driven by staff costs (up 565%).

By Mthandazo Nyoni Sep. 16, 2022

Zimre cushions shareholders against raging inflation

So far, ZSE-listed companies that have declared dividends have been paying out in Zimbabwe dollars.

By Mthandazo Nyoni Sep. 18, 2022

Zimre cushions shareholders against raging inflation

MMCZ moves to tackle chrome price crisis

“The corporation is currently working towards establishing the necessary infrastructure and modalities of bringing the domestic sales under its ambit.” MMCZ added.

By Mthandazo Nyoni Sep. 20, 2022

MMCZ moves to tackle chrome price crisis

Pioneering Zim lithium executive steps down

Greaves was a founding director of the lithium miner — the first to carry out full-scale exploration in Zimbabwe at Arcadia.

By Mthandazo Nyoni Sep. 22, 2022

Pioneering Zim lithium executive steps down

Hippo earnings seen softening

In an analysis of the firm’s financial statements for the full year ended March 31, 2022, IH said that downside risks still existed from high financial costs.

By Mthandazo Nyoni Sep. 23, 2022

Simbisa accelerates Zim forays …group to spend US$22m in restaurant rollout

The group said its focus was moving from navigating Covid-19-induced challenges to continuing to grow its footprint and creating stakeholder value.

By Mthandazo Nyoni Sep. 23, 2022

Simbisa accelerates Zim forays …group to spend US$22m in restaurant rollout

Chinese tile maker fights taxes in Zim and Zambia

Zimbabwe has been a flashpoint for harsh taxes and high doing business costs.

By Mthandazo Nyoni Sep. 23, 2022

Chinese tile maker fights taxes in Zim and Zambia

Small scale miners call for gemstone trade liberalisation

“Government needs to loosen the noose around the neck of the gemstone sector.

By Mthandazo Nyoni Sep. 25, 2022

Small scale miners call for gemstone trade liberalisation

Australians blast first Zim oil well…20 trillion cubic feet, 845m barrels under spotlight

Invictus said Friday’s developments were “exciting and long-anticipated.”

By Mthandazo Nyoni Sep. 27, 2022

Australians blast first Zim oil well…20 trillion cubic feet, 845m barrels under spotlight

Villagers fight climate change through smart agric

In Mwenezi district, some farmers are harvesting water during the rainy season using plastic tanks connected to the roof of their houses.

By Mthandazo Nyoni Sep. 28, 2022

Villagers fight climate change through smart agric

RioZim faces corporate rescue

He said RioZim was in financial dire straits, and unable to meet its obligations.

By Mthandazo Nyoni Sep. 28, 2022

Directors move to tackle governance crisis

According to the latest Zimdirector Magazine released at the ongoing IoDZ conference, bad governance has reached catastrophic proportions.

By Mthandazo Nyoni Sep. 30, 2022

Directors move to tackle governance crisis

Bank profits rise to ZW$181bn

This figure was $15,09 billion (about US$25 million) during the comparable period in 2021.

By Mthandazo Nyoni Sep. 30, 2022

Two banks on RBZ watch list

“Of the 19 operating banking institutions, 17 were compliant with the minimum prudential liquidity ratio of 30%,” the RBZ said.

By Mthandazo Nyoni Oct. 2, 2022

Don’t blame sanctions for bankruptcy, says expert

“You will find that all those companies in principle collapsed because of primarily bad governance.

By Mthandazo Nyoni Oct. 2, 2022

Don’t blame sanctions for bankruptcy, says expert

IoDZ pushes for stronger audit committees

The workshop trained directors in various areas, including the role of audit committees, legal compliance enforcements, cybersecurity.

By Mthandazo Nyoni Oct. 4, 2022

IoDZ pushes for stronger audit committees

Caledonia to restart key Bilboes operation

Caledonia recently took over Bilboes Gold in a multimillion-dollar deal.

By Mthandazo Nyoni Oct. 4, 2022

Caledonia to restart key Bilboes operation

Mimosa Mine mulls US$100m shaft expansion

MIMOSA Mining Company says it plans to inject US$100 million towards the development of a new shaft to extend the mine’s lifespan to 22 years.

By Mthandazo Nyoni Oct. 6, 2022

Mimosa Mine mulls US$100m shaft expansion

By-products overtake platinum revenue

“Currently, because of the prevailing metal prices, platinum only contributes 20% of our revenue, and 80% comes from the other metals,” Ndiyamba told reporters.

By Mthandazo Nyoni Oct. 7, 2022

Mimosa mulls 38MW solar plant

Mimosa general manager Steve Ndiyamba told Standardbusiness during a tour of the company on Wednesday that the firm was mulling plans to establish a solar plant.

By Mthandazo Nyoni Oct. 9, 2022

Zimplats injects millions to prop up local firms

The mining industry has been concerned about high costs in Zimbabwe, which has forced players to prefer imports.

By Mthandazo Nyoni Oct. 9, 2022

Zimplats injects millions to prop up local firms

Voedsel, farmers clash over tobacco payment

The manager was forced to call one of the firm’s directors, Innocent Mahufe, who said payments were being processed.

By Mthandazo Nyoni and Hstv Radio Oct. 10, 2022

Voedsel, farmers clash over tobacco payment

‘ZSE-listed firms vulnerable to hostile takeovers’

“Share price weakness can increase the risk of hostile takeovers given that sharks are always looking to buy into dips and can potentially raid a company,”

By Mthandazo Nyoni Oct. 11, 2022

‘ZSE-listed firms vulnerable to hostile takeovers’

Tobacco sales hit 208m kg mark

Due to these factors among others, the number of new tobacco growers for the 2021/22 season declined by 50% compared to the previous year, TIMB noted.

By Mthandazo Nyoni Oct. 12, 2022

‘Inflation, power shortages a threat to economic growth’

FBC Securities said the global economic outlook remained uncertain, hampered by rising inflation and the ongoing consequences of geopolitical tensions.

By Mthandazo Nyoni Oct. 12, 2022