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Zimre Property narrows FY loss to $1,4mln

Zimre Property lowered its after tax loss by 53 percent to $1,4 million in the full-year to  December from $3 million in the prior period. “A negative fair value adjustment on investment property of $2,81 million was recorded at 31 December 2016, resulting in an after tax loss of $1.45 …

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NBS to raise $150m for housing units

National Building Society (NBS) will raise $150 million to roll out 10 000 houses this year, as the country’s youngest mortgage lender expands its footprint barely two years after launching its operations. The money would be raised through deposit mobilisation, bond issuance and capital call, managing director Ken Chitando said …

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Alibaba founder Jack Ma was rejected from 30 jobs, including KFC, before becoming China’s richest man

Jack Ma is one of the most successful entrepreneurs in the world. His e-commerce company, Alibaba, attracts 100 million shoppers a day. Ma is worth an estimate $20.4 billion. But before he was the richest person in China, Ma went through a lot of rejection. In a recent interview with …

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Turnall trims board to cut costs after return to profitability

Building materials manufacturer Turnall Holdings says it has returned to profitability after years of struggle and culled its board of directors by a third as part of a cost reduction exercise to maintain viability. “Following significant turnaround work that commenced in September 2014, the company returned to profitability and recorded …

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Benefits of renting over buying a property

Benefits of renting over buying a property Reporter: For some, buying a new house or apartment doesn’t quite fit into their budget, so naturally the next option is renting. Let’s take a look at what right you have as a potential tenant, and how this process works. So where exactly …

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Rental Property Investing 101

Rental Property Investing 101 Here are some tips that should help you earn real estate wealth. By the way — it’s a marathon, not a sprint. Want to be a rental property owner? Here’s some good and bad news for you. The bad news is that contrary to all the …

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What it takes to retire at 40

What it takes to retire at 40 For most people it’s a pipe dream. Ingé Lamprecht | 14 October 2015 00:01 JOHANNESBURG – It’s sometimes nice to envisage a day where you would be able to manage your own time and instead of working for your money, have sufficient funds that your money …

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A GUIDE TO THE TRANSFER PROCESS OF IMMOVABLE PROPERTY IN ZIMBABWE

A GUIDE TO THE TRANSFER PROCESS OF IMMOVABLE PROPERTY IN ZIMBABWE The sale or purchase of immovable property can be a daunting task for any layperson be they foreigners or locals especially with the vexing terminology and the various processes and procedures involved. The Republic of Zimbabwe is a landlocked …

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