Category: Business

Deloitte Zimbabwe Charts New Course with Local Ownership

In a notable development highlighting the dynamic nature of Zimbabwe’s business environment, Deloitte, a prominent global accounting firm, has declared its intention to discontinue its operations in the country. However, this decision signals a transition rather than a conclusion, as senior partners have disclosed plans to acquire the local unit, ensuring the uninterrupted provision of […]

Journey to Progress: The Harare-Chirundu Highway Upgrade

In the heart of Zimbabwe, the Harare-Chirundu Highway undergoes a remarkable transformation, heralding a new era of progress and connectivity. Scheduled for completion by mid-2025, the ambitious project inspires hope and anticipation among locals and travelers alike. The highway, a lifeline for trade and travel between Harare and Chirundu, has long grappled with congestion and […]

The government has reinstated tariffs on essential goods.

Domestic producers of essential goods can now find relief as the government has decided to reimpose duties on a range of vital items that were previously exempt from the national duty structure. The reintroduction of duties on Cooking Oil, Maize Meal, Milk, Sugar, Rice, Flour, Salt, Bath Soap, Laundry Soap, Washing Soap, Washing Powder, Toothpaste, […]

The Impact of Motivational Speakers: A Deeper Look into Effectiveness

Motivational speakers have become a ubiquitous presence, both on and off the digital stage, offering words of encouragement and empowerment to diverse audiences. The question of whether motivational speakers are truly effective in inspiring lasting change and positive transformation remains a topic of debate. This article delves into the effectiveness of motivational speakers, examining both […]

Bernard Arnault Overtakes Elon Musk, Emerging as the Wealthiest Person Globally

Billionaire Bernard Arnault has surpassed Tesla CEO Elon Musk, claiming the title of the world’s richest person. As the CEO of the global luxury goods company LVMH, Arnault, along with his family, saw their net worth climb to $207.8 billion after a significant increase of $23.6 billion on Friday, overtaking Musk’s $204.5 billion, according to […]

Innscor Secures Takedown Order Against Zanu PF Activist’s ‘Defamatory’ Videos

Innscor Africa has successfully obtained a takedown order against Benson Rutendo Matinyarare, a Zanu PF social media activist, who made online accusations against the company, claiming they were “destroying the taste of Zimbabwean food.” Matinyarare also referred to the company’s founder, Zinona ‘Zed’ Koudounaris, as a “Rhodie.” The Johannesburg High Court has deemed Matinyarare’s allegations […]

Edgars Appoints Chesternoel Mutevhe as the New Chief Financial Officer

Edgars Stores Limited Zimbabwe Group has appointed Chesternoel Mutevhe as its new Chief Financial Officer (CFO), effective January 1st, 2024. This decision comes in the wake of Happiness Vundla’s resignation as CFO of Edgars Stores Limited Zimbabwe Group in November. Mutevhe is anticipated to bring substantial experience to his role as CFO, having spent seven […]

Get Ready for an Extended Season of Hardship: Mthuli Ncube’s 2024 Budget Warning

MTHULI Ncube’s budget statement for 2024, presented on Thursday, stands out as a concerning display of authoritarianism, exploitation, deceit, incompetence, and blatant self-centeredness. The budget reveals a government completely unaware of the structural challenges confronting the economy, the hardships faced by ordinary citizens, and the numerous issues affecting businesses. It demonstrates a lack of regard […]

Tragedy Strikes as Elevator Drops at South African Platinum Mine, Claiming 11 Lives and Injuring 75

A tragic incident occurred at a platinum mine in South Africa where an elevator unexpectedly plummeted about 200 meters while transporting workers to the surface. The mine operator, Impala Platinum Holdings, reported that 11 workers lost their lives in the incident, and 75 others sustained injuries, with 14 in critical condition. The incident occurred on […]

Zimbabwe’s November Inflation Soars Almost 4%, Driven by Higher Utility Costs

The Zimbabwe National Statistics Agency reported on Monday that annual inflation rose by nearly 4 percent in November, primarily driven by increased electricity and gas prices. Inflation surged to 21.6 percent, up from 17.8 percent in October, while month-on-month inflation recorded a 4.5 percent increase compared to the previous 2.5 percent. “For the month of […]

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