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The competition regulator has approved the Mutapa sovereign wealth fund’s takeover of businessman Hamish Rudland’s controlling stake in ZimRe, one of the country’s biggest insurance and property investors. Mutapa bought 33.8% from Day River Corporation, through which Rudland controlled ZimRe. Government already held 18% of the company and has influence over the National Social Security… ....
In 2022, inflation remained high, the exchange rate was on steroids for long periods, lights went out often and Zimbabwe’s long tradition of policy shifts kept businesses on edge. There was, still, some business to be done, for better or for worse. Here, we look back at some of the top company news we covered ....
SOUTH Africa is drowning in illicit cigarette smuggling which has seen the neighbouring country losing at least R50 million (US$2.6 million) daily in potential . ....