Browsing: Business

Business
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NRZ on track with trimming excess fat

Oliver Kazunga Senior Business Reporter The National Railways of Zimbabwe (NRZ) has begun a process of recruiting a leaner top management team as it implements a restructuring exercise in line with the Government’s directive. Transport and Infrastructural Development Minister, Joe Biggie Matiza, recently ordered the NRZ board, which is chaired by Advocate Martin Dinha, to […]

Business
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Toxic risk disinfected from banking sector

The Zimbabwe Asset Management Company (ZAMCO), says it has managed to eliminate potentially hazardous systemic risk from the banking sector after taking over $1,1 billion worth of non-performing loans (NPLs), giving debt ridden firms a new slate to make a fresh start.

Business
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TSL in mixed third quarter performance

Listed industrial firm, TSL Holdings’, performance across its various categories was generally depressed in the third quarter to July 31, 2020 dragged down by the impact of the Covid-19 pandemic.

Business
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The process of reimbursement

To effectively protect depositors and contribute to financial stability, the Deposit Protection Scheme (DPS) should be able to compensate depositors in the shortest possible time. The International Association of Deposit Insurers (IADI) recommends that the DPS should have capacity to pay within seven days of closure of a failed bank.

Business
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AirZim resumes flights

BY MTHANDAZO NYONI NATIONAL carrier Air Zimbabwe will resume its domestic flights next Wednesday, the company said in a statement.Zimbabwe suspended flights

Business
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Zisco targets firing up units

STATE owned Zimbabwe Iron and Steel Company (Zisco) has come up with a short-term revival strategy targeting resuscitation of the subsidiaries, an official said.

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