Beverage giant Delta Corporation today reported a 15 percent drop in revenue for the fourth quarter to March 31 compared to the previous quarter as demand continues to fall.
Former Minister of Water Resources Munacho Mutezo who was expelled from the Zimbabwe African National Union-Patriotic Front last year for his links to former Vice-President Joice Mujuru was yesterday removed from the United States sanctions list.
Zimbabwe’s Finance Minister Patrick Chinamasa yesterday told Parliament that he slept quite well at night because he foresaw the flood gates to Zimbabwe’s economic development and turnaround opening.
Deposit- taking microﬁnance institution Getbucks today said it is in the process of raising $30 million through a bond, the first such instrument to be listed on the Zimbabwe Stock Exchange.
Zimbabwe has to date issued Treasury Bills totalling $4.417 billion since 2014 with $3.315 billion of those being current, Finance Minister Patrick Chinamasa has said, admitting increased reliance on the paper to bridge the state’s funding gap and to clear legacy debts.
The last nine months of Jacob Zuma’s rule as president of the governing African National Congress are proving tumultuous.