
RBZ warns greedy retailers
THE Reserve Bank of Zimbabwe (RBZ) says it is highly impressed with how the foreign currency auction has helped stabilise prices and the exchange rate, but expressed strong reservations over… Read more »
THE Reserve Bank of Zimbabwe (RBZ) says it is highly impressed with how the foreign currency auction has helped stabilise prices and the exchange rate, but expressed strong reservations over… Read more »
LISTED clothing retail chain, Edgars Stores Limited has appointed a new chief executive officer Ms Tjeludo Ndlovu taking over from Mrs Linda Masterson who has retired. The appointment is with… Read more »
Foreign exchange markets appear to be stabilising, at least by recent Zimbabwean standards, and this stability is in both the auction market, where the rate is rising slightly each week,… Read more »
The suspension of EcoCash bulk transactions and the restriction of Ecocash transactions by the Reserve Bank of Zimbabwe (RBZ) has resulted in reduced business for retailers, analysts have observed. Last… Read more »
Edcon’s administrators extended a deadline for offers for the three main divisions of South Africa’s second-largest clothes retailer, whose sales suffered from pandemic restrictions. Binding offers are now expected in… Read more »
The Confederation of Zimbabwe Retailers (CZR) has condemned retailers and wholesalers that are refusing to accept bond notes and coins to force customers to buy using foreign currency. CZR president… Read more »
Fees charged by liquidators and business rescue practitioners, and theimpact they can have on bottom line payouts to affected employees, came under the spotlight at Monday’s meeting to consider a… Read more »
The country’s biggest retail group, OK Zimbabwe’s profit for the year to March 31 2020, surged 1 000 percent to $566 million from $49 million recorded in the prior year…. Read more »
THE Zimbabwe Sugar Association has threatened to suspend supplies to wholesalers and retailers found hoarding the commodity for speculative purposes. Recently, the sugar industry has received enquiries regarding the supply… Read more »
The Reserve Bank of Zimbabwe has announced that the fixed USD exchange rate which is currently prevailing will end on June 23, when the country will adopt a forex auction… Read more »