The seed cast on fertile ground

The seed cast on fertile ground

Profile By Edward Mukaro Pastor and entrepreneur, Mislynn Nyasha Mandimutsira has experienced life’s highs and lows, but unlike most women, she’s managed to champion the cause of the African businesswomen and upliftment of the girl child, through her various humble deeds, in and outside the country’s borders, silencing the doubting Thomases. The humble and soft-spoken Pastor Mandimutsira, who has had to deal with life’s harsh sentimental moments has followed her mothers’ footsteps – whom she draws inspiration from – ever since her childhood earliest memories when she was a young…

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ZSE’s e-platform to improve ease of doing business

ZSE’s e-platform to improve ease of doing business

By Varaidzo Zhakata THE Zimbabwe Stock Exchange (ZSE) has gone a mile further in creating a conducive environment of conducting business, as the bourse launched online trading that is set to promote the ease of doing business, as it will enable the retail sector and independent investors to trade, while they can now also access features that were previously inaccessible. Launching of the trading platform by the ZSE allows investors’ admittance to the market for trading; their individual portfolios, as well as market information via a web portal. Unlike the…

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African Sun’s revenue tumbles by 48%

African Sun’s revenue tumbles by 48%

By Varaidzo Zhakata ZIMBABWE’s leading hotel asset management company, African Sun (ASUN) suffered a financial blow, with its inflation-adjusted revenue recording a 48 percent (%) slump to stand at ZWL461.85 million split for the half-year ended 30 June 2020, as the COVID- 19 induced lockdown further weakened the already ailing economy. The COVID- 19 induced lockdown barred movement of people and even halted operations of many businesses, hence, correspondingly reducing occupancy for the group, which closed at 22%, marking a considerable reduction of 23% points compared to 45% recorded during…

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ZCTU denounces government claims on employment turn around

ZCTU denounces government claims on employment turn around

By Wellington Zimbowa THE country’s largest employee representative body, Zimbabwe Congress of Trade Unions (ZCTU) has quashed President Emmerson Mnangagwa’s administration for misinforming the nation on the job creation situation following its ascendency to power in the 2017’s ‘soft coup’, stating that this was a deliberate move to enhance its status quo. “We have noted the excitement from government from misinterpreted analysis that formal employment has gone up over the past two years on the back of natural calamities and other challenges. “The temptation to misinterpret the NSSA figures is…

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Zim experiencing superficial monetary policy success?

Zim experiencing superficial monetary policy success?

By Tendai Dune and Simbarashe Musaki THE shortage of smaller US dollar denominations is inflationary, as businesses round up prices, a scenario that will have unintended consequences of extending the lifespan of the Zimbabwe dollar, thereby, becoming a superficial monetary policy success, economic experts have said. Economic expert, Vince Musewe, in an exclusive interview with The BusinessConnect, opined that the situation is artificial as vendors are holding to the US$1 notes and selling them to change seekers – at a premium – describing the move as an inflation catalyst. “The…

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Teachers’ call justified – ZCTU

Teachers’ call justified – ZCTU

By Edward Mukaro The country’s largest workers body, Zimbabwe Congress of Trade Unions (ZCTU) has called teachers’ demand for salary pegged in the US dollar terms ‘justified’, as most service providers are already pegging services and goods in the Greenback. Teachers have already sent alarm bells, as their representative bodies have been calling on all their members to ignore Government’s call to reopen schools on the 28th October, citing health concerns and the need for an improved salary of USD520. Government’s announcement of schools reopening dates ignited instant responses from…

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