Clothing retailer Truworths reported a 20 percent increase in retail sales in the 11 weeks from its July 12 year-end but struggled in the year leading to that, with revenue and profits tumbling in a tough business environment.
Low cost airline Fastjet said it has been granted an Air Operator Certificate (AOC) by the Civil Aviation Authority of Zimbabwe, giving it a licence to operate both domestic and international routes within and from the southern African country.
Tourism Minister Walter Mzembi yesterday told Parliament that shebeens, homes where people can buy liquor but are illegal, will soon be legalised and rebranded Home Hospitality Centres which can even get business from established hotels.
The Confederation of Zimbabwean Industries (CZI) yesterday released results of its Business Confidence Index (BCI) and Purchasing Managers Index (PMI) which showed an economy teetering on the brink of recession.
Mabvuku-Tafara legislator James Maridadi said yesterday he has been receiving deaths threats and on Monday a live bullet was placed at the doorstep of his home.
Zimbabwe’s manufacturing capacity utilization – a measure of industry’s use of installed productive potential – is seen flat at 36 percent with aggregate demand falling due to squeezed family incomes, the Confederation of Zimbabwe Industries (CZI) has said.