Stocks back in negative territory on Simbisa, Innscor

The stock market made a marginal swing back to negative territory weighed down by losses in Simbisa and Innscor although the market breadth was positive, as stocks remain a safe haven in this crisis p...

By Staff reporter | Published: 22 April 2020


Simbisa Brands shifts focus to growing regional operations

Simbisa Brands invested ZWL$18.4 million in the year ended June 30, 19 on expansion and maintenance of its existing counters to a best-in-class standard as it forges ahead to consolidate its share of ...

By Staff reporter | Published: 10 October 2019


Simbisa suffers exchange rate loss

LISTED fast food retail giant, Simbisa Brands Limited suffered a net foreign exchange loss of $2,7 million during the year ended June 2019, arising from revaluation of foreign denominated assets and l...

By Staff reporter | Published: 10 October 2019


Simbisa Brands slashes prices

LISTED quick service business, Simbisa Brands, has set the pace by slashing prices of its major products by 20 percent margins in response to monetary and fiscal consolidation measures being implement...

By Staff reporter | Published: 04 July 2019


Government starts simplifying tax system

GOVERNMENT has begun a process of simplifying its tax system while the Zimbabwe Revenue Authority (Zimra) continues to roll out operational reform strategies aimed at enhancing voluntary compliance an...

By Staff reporter | Published: 26 April 2019


Legality of blocking the Internet simplified

TODAY, we discuss the legality of the recent shock total blockade of the Internet and subsequent limitation of service to the exclusion of social media sites Facebook, YouTube, WhatsApp and Twitter, a...

By Miriam Tose Majome | Published: 19 January 2019


Simbisa Brands discounts US$ customers

LISTED quick-service restaurant business, Simbisa Brands, has resolved to offer discounts on its prices to customers who pay in US dollars to enhance the entity's foreign currency earnings. In an oper...

By Staff reporter | Published: 21 December 2018


Simbisa Brands implements two-tier pricing model

ZIMBABWE's largest fast food chain, Simbisa Brands Limited (SBL), says it will implement a two-tier pricing model, offering discounts for customers paying in United States dollars as it tries to raise...

By Staff reporter | Published: 20 December 2018


Simbisa makes executive changes

FAST food chain, Simbisa Brands, has appointed Mr Baldwin Guchu as the group's new finance director effective from December 1, 2018. He replaces Mr Salim Eceolaza who has been assigned the position of...

By Staff reporter | Published: 04 December 2018


Simbisa shelves LSE listing plans

Quick service restaurant (QSR) group, Simbisa Brands Limited's plans for a secondary listing on the London Stock Exchange have been put on hold as the market is currently not conducive for the transac...

By Staff reporter | Published: 26 November 2018


Musimboti cashes in on drugs crisis

CERTIFIED herbal medicines manufacturer, Musimboti Traditional Science and Technology Institute (MTSTI), has over the past two months experienced a surge in business as patients resort to traditional ...

By Staff reporter | Published: 19 November 2018


Simbisa postpones LSE listing

SIMBISA Brands has postponed its planned secondary listing on the London Stock Exchange (LSE)'s Alternative Investment Market (AIM) to a later date.The country's largest fast-food restaurant operator ...

By Staff reporter | Published: 30 September 2018


Simbisa's profits surge 139% in FY2018

SIMBISA Brands Limited (Simbisa), a public-listed company that owns, operates, and franchises quick service restaurants in Africa, has reported a more than double growth in net income in the full-year...

By Staff reporter | Published: 27 September 2018


Masimba foretells infrastructure boom, strong earnings

Masimba Holdings, a Zimbabwe Stock Exchange-listed contracting company, expects Zimbabwe's infrastructure sector to recover strongly in the outlook and drive its contracting business.CEO Canada Malung...

By Staff reporter | Published: 17 September 2018


Simbisa to open more outlets in Kwekwe

FAST food chain, Simbisa Brands is set to open two outlets in Kwekwe in the next two months as it spreads its wings to maintain market dominance on the local market.Simbisa already operates Nando's, C...

By Staff reporter | Published: 04 June 2018


Employees sue Simms over $122 194 salary arrears

TWELVE employees at Simms Electrical Company in Bulawayo have taken their employer to court demanding payment of $122 194 owed in outstanding salaries after they recently obtained an arbitration award...

By Staff reporter | Published: 01 June 2018


Change of vehicle ownership simplified

What is special excise duty?Special Excise Duty is charged in terms of Section 172 of the Customs and Excise Act (Chapter 23:02). It is a tax levied on sale, transfer or disposal of second hand vehicl...

By zimra | Published: 10 May 2018


Zimbabwe tourism on the rebound, says Mupfumira

TOURISM minister Priscah Mupfumira has applauded the new dispensation, ushered in by the military for setting the tourism industry on the rebound.Mupfumira made the remarks yesterday in Victoria Falls...

By Staff reporter | Published: 04 May 2018


Zim leaders must simply fix health care system

Vice President Kembo Mohadi has gone abroad for medical treatment. The reason for exercising this choice is pretty obvious: he lacks confidence in the Zimbabwe health systems and can also afford the t...

By Staff reporter | Published: 23 April 2018


Masimba projects cautious outlook

LISTED construction company Masimba Holdings has projected a cautious outlook for its operaions in this year on account of persistent foreign currency constraints that are hampering most business oper...

By Staff reporter | Published: 03 April 2018


Mnangagwa to simplify import, export processes

President Emmerson Mnangagwa says the government is in the process of simplifying the import and export processes to enhance economic growth.President Mnangagwa said this when he commissioned the $40 ...

By Staff reporter | Published: 23 March 2018


Simbisa Brands gets AIM secondary listing nod

SIMBISA Brands Limited's shareholders yesterday unanimously gave directors the green light to acquire a 50 percent stake in global family owned and run food and beverages company Foodfund and at the s...

By Staff reporter | Published: 22 March 2018


Parly grills Masimirembwa over $6 million bribe

FORMER Zimbabwe Mining Diamond Company (ZMDC) chairperson Godwills Masimirembwa was on Monday grilled in Parliament over the $6 million bribe which former President Robert Mugabe alleged he had receiv...

By Staff reporter | Published: 21 March 2018


Zim, Kenya operations boost Simbisa revenue

ZIMBABWE Stock Exchange-listed quick-service operator, Simbisa Brands' revenue grew by 30 percent from $76.5 million to $99.3 million in the half year ended 31 December 2017.The group's financial resu...

By Staff reporter | Published: 13 March 2018


Simbisa expansion tipped to bear fruit

Quick service restaurant operator Simbisa Brands' decision to buy Dubai-based firm Food Fund will help unlock shareholder value, market experts have said. This was after Simbisa, which has restricted ...

By Staff reporter | Published: 20 February 2018

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