The Financial Gazette

Follow The Financial Gazette channel on WhatsApp: https://lnkd.in/dhWUQtJr -- THIS year proved to be extremely challenging for many companies, economic experts said yesterday.>https://lnkd.in/dkRTjSDc

WEST Properties Holdings is set to open its new brick manufacturing plant in the first quarter of 2025 in a bid to address the current brick shortage and reduce operational costs. The company’s chief executive, Kenneth Sharpe, recently told The Financial Gazette that the finished plant is expected to be delivered to Zimbabwe in January, with installation planned for February and commercial operations beginning in March.>https://rb.gy/uqrhh1

CBZ Holdings is set to secure an additional US$50 million before Christmas from an undisclosed development finance institution to mitigate financing gaps in the economy and stimulate growth in vital sectors.>https://rb.gy/up54gf

KUVIMBA Mining House has appointed Trevor Barnard as its substantive chief executive with effect from December 1, 2024 after holding the post in an acting capacity since May this year, taking over from Simba Chinyemba.>https://lnkd.in/eujVpp5r

TRADING on the Zimbabwe Stock Exchange has largely been concentrated among a few investor-preferred stocks, exposing the country’s primary bourse to structural risks, official figures suggest.>https://rb.gy/3ajz2s

PLAYERS in Zimbabwe’s construction industry are optimistic about sustained infrastructure development in 2025, as the sector continues to play a pivotal role in driving economic growth. Over recent years, Zimbabwe has prioritised infrastructure development as a key driver to achieving Vision 2030, which aims to position the nation as an upper-middle-income economy.>https://lnkd.in/dA4yRcMr

PLANS to incentivise the intermediate manufacturing sector as part of efforts to address Zimbabwe’s economic challenges and stimulate industrial growth are in the pipeline, the government has said. The manufacturing industry has faced significant struggles due to competition from smuggled goods, which are sold at lower prices as they evade paying Value-Added Tax.>https://lnkd.in/dJfFmJJw

HR PERSPECTIVE: CEOs’ role in performance management -- THE landscape of modern business operations reveals a troubling paradox in performance management that demands immediate attention from organisational leaders.>https://lnkd.in/digXSYwY

ZIMBABWE’S banking sector has shown remarkable resilience amid economic challenges, but experts are urging financial institutions to diversify their revenue streams to ensure long-term sustainability. While the sector remains stable, relying heavily on revaluations and non-interest income could hinder growth and broader economic recovery.>https://lnkd.in/dtKnKUJh

ZIMBABWE now has ZiG164 million in notes and coins in circulation as of November 22, 2024, according to the Reserve Bank of Zimbabwe (RBZ). Travel guide. This marks a 3,79 percent increase from the ZiG158 million in circulation on November 8, 2024, the date on which the minister of Finance, Mthuli Ncube, presented the 2025 national budge.>https://lnkd.in/dYqC7HX9