Irked by an influx of foreign products and commodities on the local market, Zimbabwe's business sector and concerned stakeholders have launched a Buy Zimbabwe Campaign to promote local products.
25 Jul 2011 12:52
CAPE TOWN: The first phase of setting up a free trade area across 26 countries in Africa is expected to come into effect in three years, trade and industry minister Rob Davies said on Monday, 13 June 2011.
14 Jun 2011 12:00
Investor scepticism over policy fluctuations and an uncertain future being faced by foreign companies in Zimbabwe are some of the major constraints that have led to low activity in the country's construction sector, which employs about 30,000 workers.
By Tawanda Karombo 23 May 2011 07:30
A billion Africans and 50 million bank accounts. In South Africa, credit cards are used by only 16.5% of the population (2008). No African country comes close to 1% of total retail spend spent online - the magic figure which constitutes the tipping point for digital retail growth. No wonder, then, that the ecommerce market in Africa hasn't bloomed.
By Herman Manson: @marklives 12 May 2011 18:55
A strong rand is expected to increase the cost of imports from South Africa during the year 2011, giving respite to domestic producers who could capitalise on higher-priced imports to push their products into a competitive market, a research firm indicated.
By Staff reporter 1 Mar 2011 07:39
Zimbabwe's retail super-brand winner 2010, supermarket franchise Spar, and TM Supermarkets, the biggest supermarket by outlets, trailed rival OK Supermarkets as the most preferred outlet, with emerging Chinese-owned Afro-Foods Supermarkets taking the fourth spot.
By Staff reporter 21 Feb 2011 09:48
NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.
27 Jan 2011 11:00
SA's second-largest grocer, Pick n Pay, said on Tuesday (25 January 2011) that it had not received any notification from the Zimbabwean government of its intention to halt its bid to acquire 24% of Zimbabwean retailer TM Supermarkets.
By Zeenat Moorad 26 Jan 2011 09:10
The Zimbabwe government has blocked the purchase of a 24% stake in TM Supermarkets by South Africa's retail group Pick n Pay due to an indigenisation law requiring foreign and white-owned firms to relinquish control to black Zimbabweans.
By Dumisani Ndlela 20 Jan 2011 11:52
South Africa's Massmart, a sitting duck for a US$2 billion takeover bid by US retailer Wal-Mart Store Inc., has sold its Zimbabwe unit to retail group, OK Zimbabwe. The deal ends months of speculation over Massmart's planned disposal of Makro Zimbabwe and the identity of the buyer.
By Dumisani Ndlela 10 Dec 2010 11:22
The Banker, a global banking and finance industry journal, has named Standard Bank 2010's Best Bank in Africa and best bank in South Africa, Lesotho, Malawi, Uganda and Zimbabwe.
8 Dec 2010 09:28
Zimbabwe's Meikles group has agreed to allow Pick n Pay to rebrand TM Supermarkets after a deal in which the South African retailer will shore up its shareholding in the supermarket chain to 49%.
By Dumisani Ndlela 2 Dec 2010 11:28
HARARE: The word "sanctions" was among the first five words mentioned to the new European Union (EU) ambassador to Zimbabwe Aldo Dell Ariccia when he first arrived and met with government officials in Zimbabwe a few months ago.
By Stanley Kwenda 22 Nov 2010 08:39
Zimbabwean retailers have begun their big push for the 13th cheque - bonus money that always comes ahead of the year-end festive season. The Christmas carols are already playing in decorated shops and complexes, and it is all looking beautiful.
By Dumisani Ndlela 19 Nov 2010 09:18
Lagers and sparkling beverages consumption surged during the six months to 30 September 2010, pushing total beverages volumes for the half-year period to a level not seen since 2005. Lagers volumes reached levels last seen in 1999.
By Dumisani Ndlela 15 Nov 2010 06:54
Finance Minister Tendai Biti has realised that stability brought to the country by dollarisation has also brought with it some difficulties - hundreds of retail customers have to get their change in the form of sweets because of lack of coins.
By Dumisani Ndlela 1 Nov 2010 08:36
NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.
27 Oct 2010 06:22
Global brewing giant SABMiller Plc said Monday (18 October 2010) that it has recommenced reporting the results of its Zimbabwe associate, Delta Corporation with effect from 1 April 2010. The business contributed total beverage volumes in the six months to September 2010 of 1.0 million hectolitres, including lager volumes of 0.3 million hectolitres.
25 Oct 2010 10:24
Zimbabwe departmental stores group, Meikles Stores is targeting 50 000 new accounts between October and December under a partnership with a local financial institution, TN Bank. The accounts will be managed by a TN Bank-Meikles Stores joint venture vehicle, Meikles Credit Services.
By Dumisani Ndlela 11 Oct 2010 08:00
Edgars Stores (Zimbabwe) has reported a significant leap in sales, spurred largely by growth of its credit scheme which made a comeback after dollarisation of the crisis-torn economy last year.
20 Sep 2010 07:30
GWANDA: More than a million people will need food aid in Zimbabwe this year. As the government looks to boost agriculture production, one rural community is leading the way by using irrigation schemes to improve food security and income.
16 Sep 2010 10:50
The first public sale of diamonds from Zimbabwe's controversial Marange fields was held on Wednesday (11 August 2010) at Harare airport. The body that regulates the global diamond trade, the Kimberley Process, said that approximately 900,000 carats of rough diamonds were valued at around 72 million US dollars during the auction.
13 Aug 2010 07:57
Zimbabwe's central bank has called on government to halt what it called "deindustrialisation through over-reliance on imports of finished goods" after the distribution and retail sector accounted for the biggest jump in imports by value during the half year to June.
By Dumisani Ndlela 11 Aug 2010 08:33