Zanu PF’s silent war and the real reasons for introducing CAB 3: End of the road for General Chiwenga’s plans

ZANU-PF’s Silent War: Is Chiwenga’s Presidential Dream Crushed by Mnangagwa’s CAB3 Gambit? HARARE – The political chess game within Zimbabwe’s ruling ZANU-PF party has intensified, with Constitutional Amendment Bill No. 3 …

ZANU-PF’s Silent War: Is Chiwenga’s Presidential Dream Crushed by Mnangagwa’s CAB3 Gambit? HARARE – The political chess game within Zimbabwe’s ruling ZANU-PF party has intensified, with Constitutional Amendment Bill No. 3 (CAB3) emerging as a pivotal move that could redefine the country’s succession dynamics. This investigative report explores the deep-seated factionalism and power struggles between […]

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Dairibord to delist from ZSE, eyes VFEX listing

Dairibord Holdings plans to voluntarily move its listing from the Zimbabwe Stock Exchange (ZSE) to the Victoria Falls Stock Exchange (VFEX), becoming the latest major company to migrate to the United States dollar-denominated bourse. In a cautionary statement issued on Thursday, the dairy products manufacturer said its board had approved the proposed delisting, which will […]

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Dairibord Holdings plans to voluntarily move its listing from the Zimbabwe Stock Exchange (ZSE) to the Victoria Falls Stock Exchange (VFEX), becoming the latest major company to migrate to the United States dollar-denominated bourse.

In a cautionary statement issued on Thursday, the dairy products manufacturer said its board had approved the proposed delisting, which will see the company exit the ZSE before pursuing a VFEX listing.

“The board has approved the voluntary delisting of the Company from the Zimbabwe Stock Exchange, immediately followed by its listing on the Victoria Falls Stock Exchange,” the company said in a statement.

Dairibord indicated that full details of the transaction will be contained in a circular to shareholders, which is currently being finalised.

The company cautioned investors that the proposed move could materially affect the market price of its shares and advised shareholders to exercise caution when dealing in the stock pending further announcements.

The proposed migration comes as several firms increasingly favour the VFEX, citing its US dollar trading environment, foreign currency settlement framework and access to a broader pool of international investors.

Over the past few years, companies such as National Foods and Simbisa Brands have either listed or cross-listed on the VFEX as businesses sought to preserve shareholder value and align their capital structures with foreign currency-denominated operations.

Market analysts say the VFEX offers several attractions, including lower capital gains tax, reduced withholding tax on dividends for foreign investors and the ability to raise capital in hard currency.

The exchange also allows free movement of capital and dividends, a feature viewed as critical by international investors.

The migration trend has gathered momentum as firms increasingly generate significant portions of their revenues in foreign currency and seek a market that better reflects the currency composition of their earnings.

For Dairibord, whose operations involve imported raw materials, packaging and equipment, a VFEX listing could enhance access to foreign capital while providing a valuation benchmark in US dollars.

The move is also expected to strengthen the company’s visibility among regional and international investors, particularly as Zimbabwe seeks to position the VFEX as a gateway for investment into the economy. – Herald

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Revival of Edgars’ Express stores pays dividend

Clothing retailer Edgars Stores Limited’s revival of its Express stores is paying dividends by capturing cost-conscious shoppers. The retailer has managed to offset the heavy impact of second-hand clothing markets and drive significant growth. Dotted around the country in high-traffic locations, the Express stores are part of the group’s expansion strategy, aimed at significantly increasing […]

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Clothing retailer Edgars Stores Limited’s revival of its Express stores is paying dividends by capturing cost-conscious shoppers.

The retailer has managed to offset the heavy impact of second-hand clothing markets and drive significant growth.

Dotted around the country in high-traffic locations, the Express stores are part of the group’s expansion strategy, aimed at significantly increasing its retail presence to compete in this space.

Giving an update to the Minister of State for Bulawayo Provincial Affairs and Devolution, Judith Ncube, on Tuesday at Carousel Factory, Carousel managing director Mr Menfree Tanyanyiwa said they were working on introducing affordable clothes that would compete with second-hand clothes, popularly known as amabhele/mabhero.

“We brought back the Express stores specifically to target the lower end of the market. We want to take on that market head-on, where people are going to amabhele/mabhero.

“We want to be able to sell things in the Express stores for US$2 or US$3, and the only difference is that these items will be brand new, as opposed to second-hand clothing. So, we were trying to regain our market share, as it were, by also targeting that end of the spectrum,” he said.

“We rebirthed the Express Chain, which used to be there back then. At some point, what we are now calling Jet was called Express. Then we rebranded to Jet, so then we had two chains, and we are now back to having three chains: Edgars, Jet and Express.”

He said that as Carousel Factory, they currently have 581 employees, of whom 537 are directly linked to production and 353 are female, representing 65,7 percent of their employment levels.

Mr Tanyanyiwa said they were hoping that in summer, around about August, they should go up to over 650 employees as they start preparing for the high summer trade.

“Clothing generally sells much, much more during October, November and December and from a manufacturing perspective, we need to have produced those items around about September and October. This then allows us to have the merchandise in store in time for the high Christmas trade,” he added.

Meanwhile, the Government has gazetted regulations banning second-hand clothing, except in cases where the importer has obtained a valid permit authorising the importation for charitable purposes only.

While the Government has previously made policy pronouncements regarding second-hand clothing, the new measures now have firm legal backing under the Statutory Instrument Statutory Instrument 59 (Control of Goods (Import and Export) (Commerce) (Amendment) Regulations of 2026.

The Government reaffirmed the ban in August last year, following a similar order issued a few years ago. However, the current regulations provide the statutory authority required for full enforcement.

Zimbabwe banned second-hand clothing imports primarily to revive the local textile and clothing industry, which has struggled against cheap, imported alternatives. The ban aims to support local manufacturers and prevent the dumping of foreign waste.

Source: Herald

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Nasty fight over Prophet TB Joshua’s face in Zimbabwe

Legal Storm Brews Over TB Joshua’s Image in Zimbabwe Crusade Harare – A significant legal challenge has emerged in Zimbabwe, as The Synagogue Church Of All Nations (SCOAN) initiates legal proceedings to prevent the unauthorised use of its late fo…

Legal Storm Brews Over TB Joshua’s Image in Zimbabwe Crusade Harare – A significant legal challenge has emerged in Zimbabwe, as The Synagogue Church Of All Nations (SCOAN) initiates legal proceedings to prevent the unauthorised use of its late founder, Prophet TB Joshua’s image on promotional billboards for an upcoming religious crusade. The dispute pits […]

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You will be burnt to death: Honourable Amos Chibaya warned over CAB 3 meeting

HARARE – In a chilling escalation of political tensions, former opposition legislator Honourable Amos Chibaya has reported receiving a death threat, explicitly warning him against proceeding with a planned political meeting. The ominous message, delive…

HARARE – In a chilling escalation of political tensions, former opposition legislator Honourable Amos Chibaya has reported receiving a death threat, explicitly warning him against proceeding with a planned political meeting. The ominous message, delivered anonymously, stated: “Chimeeting chamuri kuronga chamangwana chikangoitwa uri kutsvira mumba” – a Shona phrase that translates to, “If the meeting […]

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