Earlier this year, in a widely reported case, Dr. Dzingai Mutumbuka, Zimbabwe’s first black Minister of Education, nearly lost his Chisipite home while residing abroad.
HARARE - All is set for the Pomona flats groundbreaking ceremony on 29 July following a successful uptake of the apartments offering – marking a pivotal moment in Harare’s urban evolution.
HARARE - Poor Zimbabweans, heavily reliant on mobile banking and traditional financial services for their daily transactions, are facing a "hidden burden" as "exploitative" charges for simple balance inquiries erode their already stretched incomes and undermine efforts to promote financial inclusion in the country.
HARARE - OK Zimbabwe Limited, one of the country's leading retail chains, has secured crucial shareholder approvals for a significant capital raise and strategic asset disposal, signaling aggressive measures to navigate ongoing financial difficulties.
HARARE - Sales of the Hills Luxury Golf Estate properties have picked up amid the realization that the live, work, shop and play enclave offers the discerning investor a good return on investment.
HARARE - WestProp's apartments offering at Pomona City in Harare North is not just a place to live in – it is a home, workstation, entertainment and shopping hub where the new urbanite thrives.
HARARE - Sydney Gata, the Executive Chairman of Zimbabwe Electricity Supply Authority (ZESA) Holdings (Pvt) Ltd, passed away on Thursday evening at a local hospital after a short illness.
CHIREDZI - Zimbabwean businesses, notably sugar producer Hippo Valley Estates Limited, continue to face significant financial and operational challenges due to the country's dual currency system, with the company's recent financial results highlighting how the coexistence of the new Zimbabwe Gold (ZWG) and the US dollar is straining cash flow, increasing costs, and impacting overall profitability despite strong production.
OK Zimbabwe Limited, one of the country's prominent retail groups listed on the Zimbabwe Stock Exchange, is embarking on a significant asset disposal plan, including the sale of four of its supermarket properties, as it grapples with severe financial distress.
HARARE - Independent auditors Axcentium have issued an adverse opinion on Edgars Stores Limited's latest financial statements, citing significant non-compliance with International Financial Reporting Standards (IFRS) related to foreign exchange rate accounting and fair value measurements of assets.
