Business – 263Chat https://www.263chat.com Zimbabwean media organisation focused on encouraging & participating in progressive national dialogue Thu, 14 Nov 2019 16:23:26 +0000 en-US hourly 1 https://www.263chat.com/wp-content/uploads/2018/02/263-Chat-Website-Logo-01-3-01-100x100.png Business – 263Chat https://www.263chat.com 32 32 Finance Minister Presents ZWL$ 63.6 Billion 2020 National Budget https://www.263chat.com/finance-minister-presents-zwl-63-6-billion-2020-national-budget/ https://www.263chat.com/finance-minister-presents-zwl-63-6-billion-2020-national-budget/#respond Thu, 14 Nov 2019 16:23:26 +0000 https://www.263chat.com/?p=56953

Finance and Economic Development Minister, Mthuli Ncube this afternoon presented the 2020 National Budget statement mainly premised around bolstering productivity while it also seeks to ensure inclusive development by incentivizing job creation in local companies particularly for the youths. Running under the theme, “Gearing for Higher Productivity, Growth And Job Creation,” the budget is anchored […]

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BancABC, DPA Partner To Deliver Smart, Sustainable Energy Solutions https://www.263chat.com/bancabc-and-dpa-partner-to-deliver-smart-and-sustainable-energy-solutions/ https://www.263chat.com/bancabc-and-dpa-partner-to-deliver-smart-and-sustainable-energy-solutions/#respond Thu, 14 Nov 2019 08:58:00 +0000 https://www.263chat.com/?p=56930

BancABC, a subsidiary of Pan-African banking Group Atlas Mara has partnered with Distributed Power Africa (DPA), a subsidiary of Econet Wireless to provide Solar Finance for residential and commercial solar solutions and reduce reliance on the national grid. The partnership was officially launched on Friday 8 November 2019 by the BancABC CEO Dr Lance Mambondiani […]

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Caledonia Posts Positive Performance Despite Tough Quarter https://www.263chat.com/caledonia-posts-positive-performance-despite-tough-quarter/ https://www.263chat.com/caledonia-posts-positive-performance-despite-tough-quarter/#respond Wed, 13 Nov 2019 14:16:51 +0000 https://www.263chat.com/?p=56889

Listed gold miner, Caledonia Mining Corporation posted positive performance during the third quarter (Q3) ending 30 September 2019 sustained by improved production and favourable gold prices despite several setbacks to its operations arising from power cuts and a generally challenging economic environment. Production for the period was 7.3 percent higher than the prior quarter reaching […]

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Mhuri Farming Offers 400 Gum Trees to Tobacco Farmers https://www.263chat.com/mhuri-farming-offers-400-gum-trees-to-tobacco-farmers/ https://www.263chat.com/mhuri-farming-offers-400-gum-trees-to-tobacco-farmers/#respond Wed, 13 Nov 2019 14:12:46 +0000 https://www.263chat.com/?p=56863

In line with the World Health Organisation Framework Convention on Tobacco Control (WHO FCTC) article 18 which seeks to ameliorate the devastating effects of tobacco farming on the environment, a Mashonaland West based tobacco seedling company has come up with an ambitious initiative to offer every seedling buyer 400 gum trees for free. Speaking at […]

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Foreign Airlines Shun Zim For Failures In Repatriation Of Funds https://www.263chat.com/foreign-airlines-shun-zim-for-failures-in-repatriation-of-funds/ https://www.263chat.com/foreign-airlines-shun-zim-for-failures-in-repatriation-of-funds/#respond Wed, 13 Nov 2019 10:17:58 +0000 https://www.263chat.com/?p=56877 www.263chat.com

Challenges in repatriating funds from local air ticketing proceeds to international airlines owing to foreign currency shortages in the country have cast adverse effects to the growth of the local aviation industry as external airlines shy away from servicing the local destination, a top aviation industry official has said. The country is undergoing serious foreign […]

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EcoCash announces system upgrade to improve performance https://www.263chat.com/ecocash-announces-system-upgrade-to-improve-performance/ https://www.263chat.com/ecocash-announces-system-upgrade-to-improve-performance/#respond Tue, 12 Nov 2019 16:26:39 +0000 https://www.263chat.com/?p=56860

EcoCash today announced a major upgrade of its platform scheduled for the weekend, which will result in a 24-hour downtime of all EcoCash services. Announcing the upgrade – which is set to take place between 9pm on Saturday (November 16) and 9pm on Sunday (November 17) 2019 – the company said the upgrade is meant, […]

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New Notes Flickers Hope, But Stability Is A long Way Off https://www.263chat.com/new-notes-flickers-hope-but-stability-is-a-long-way-off/ https://www.263chat.com/new-notes-flickers-hope-but-stability-is-a-long-way-off/#respond Tue, 12 Nov 2019 10:57:24 +0000 https://www.263chat.com/?p=56815

The introduction of the new coins and notes has come as great relief for most Zimbabweans who have been made to “buy” cash from street traders due to its scarcity. Since 2015, cash in the market has dwindled yet authorities have been cautious about printing more cash and instead they have been encouraging citizens to […]

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New Coins, Notes Hit Market https://www.263chat.com/new-coins-notes-hit-market/ https://www.263chat.com/new-coins-notes-hit-market/#respond Tue, 12 Nov 2019 09:13:41 +0000 https://www.263chat.com/?p=56788

Local banks started the issuance of the new Zimbabwean dollar coins and notes as of this morning following a ZWL$30 million allocation to banks by the Reserve Bank of Zimbabwe (RBZ), 263Chat Business can report. The new notes are expected to ease liquidity crisis in the market resulting in people paying more to get cash […]

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Mauritian Investor Completes Edgars Zimbabwe 41 Percent Stake Take-Over https://www.263chat.com/mauritian-investor-completes-edgars-zimbabwe-41-percent-stake-take-over/ https://www.263chat.com/mauritian-investor-completes-edgars-zimbabwe-41-percent-stake-take-over/#respond Mon, 11 Nov 2019 13:19:20 +0000 https://www.263chat.com/?p=56767

SSCG Africa Holdings, a Mauritian investment company and struggling South African clothing retail giant, Edcon have concluded a share hand-over deal in Edgars Zimbabwe that will see the Mauritian based entity assume a 41 percent stake, 263Chat Business has learnt. Edcon, through its local investment vehicle, Bellfield disposed its stake as the struggling clothing retailer […]

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Sakunda, Parly Committee Cat ‘n’ Mouse Game Continue To Unfold https://www.263chat.com/sakunda-parly-committee-cat-n-mouse-game-continue-to-unfold/ https://www.263chat.com/sakunda-parly-committee-cat-n-mouse-game-continue-to-unfold/#respond Mon, 11 Nov 2019 11:53:13 +0000 https://www.263chat.com/?p=56744 www.263chat.com

The cat and mouse chase game between the Parliamentary Committee on Public Accounts and energy firm, Sakunda Holdings once again unfolded this morning with Sakunda issuing a letter of postponement of the scheduled meeting on the basis that its chief executive officer,  Kuda Tagwirei was out of the country. This is the Public Accounts Committee’s […]

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