BUSINESS NEWS

Nhema says all firms should cede shares

The Minister of Youth Development, Indigenisation and Economic Empowerment, Francis Nhema, says all companies, particularly those in mining, are obliged to contribute to the community share ownership ...

By Staff reporter | Published: 13 March 2014

BUSINESS NEWS

IMF delegation to visit Zimbabwe

A DELEGATION from the International Monetary Fund (IMF) is expected to land in Harare today to carry out an annual Article IV consultation and review progress on the fund's supervised economic reform ...

By Staff reporter | Published: 12 March 2014

POLITICS

Zimra, ZNA importing low quality uniforms from China

The Zimbabwe National Army (ZNA) and Zimbabwe Revenue Authority (ZIMRA) are reportedly importing low quality camouflages and corporate wear respectively from China, snubbing local manufacturers who ca...

By Staff reporter | Published: 12 March 2014

BUSINESS NEWS

2000 workers to lose their jobs in Zimbabwe

Over 2000 workers are set to be laid off this month with more companies earmarked to retrench more workers in the coming months, The Zimbabwe Congress of Trade Unions (ZCTU) has revealed.ZCTU secretar...

By Staff reporter | Published: 12 March 2014

BUSINESS NEWS

Government owes GMB $42 million

Government owes the Grain Marketing Board $42 million, leaving it compromised to discharge its duties effectively, parliamentarians heard yesterday.Appearing before the Parliamentary Portfolio Committ...

By Lloyd Gumbo | Published: 12 March 2014

BUSINESS NEWS

No industry budgetary support from the EU

THE European Union (EU) says it has no plans to extend budgetary support to Zimbabwe's stuttering industry.Aldo Dell' Ariccia, the union's head of delegation to Zimbabwe, said the trading bloc - set t...

By Staff reporter | Published: 11 March 2014

POLITICS

Tsvangirai tells Biti and gang to go hang

Problems bedevilling the crumbling MDC-T continue to mount as the party leader, Morgan Tsvangirai, yesterday openly told those pushing for his ouster to leave the party. It emerged that the secretary-...

By Staff reporter | Published: 10 March 2014

POLITICS

Knives out as MDC-T meets

Elton Mangoma, the MDC-T deputy treasurer, is awaiting a verdict on his future today as the MDC-T National Council leaders gather in Harare  in a bid to put to rest calls for leadership renewal r...

By Staff reporter | Published: 07 March 2014

POLITICS

Chinamasa ducks civil servants' issue

Finance Minister Patrick Chinamasa on Wednesday refused to confirm whether the government would deliver on election promises made last year for higher wages to its employees in April. Chinamasa was pu...

By Staff reporter | Published: 07 March 2014

POLITICS

'US - Zim governments not talking,' says Chinamasa

Finance Minister Patrick Chinamasa said on Wednesday relations between Zimbabwe and the United States are severely strained to the extent that the two countries are not "talking".Chinamasa, who was ad...

By New Ziana | Published: 06 March 2014

BUSINESS NEWS

Over 20 Countries for ZITF

Companies from over 20 countries are expected to participate at this year's Zimbabwe International Trade Fair (ZITF), whose preparations are already in full swing. The 55th edition of the annual trade...

By Staff reporter | Published: 06 March 2014

BUSINESS NEWS

IMF to visit Zimbabwe

The International Monetary Fund (IMF) is to send a mission to Zimbabwe this month for a review of the country's progress in implementing its Staff Monitored Programme (SMP), sources said this week. Th...

By Staff reporter | Published: 06 March 2014

BUSINESS NEWS

Zim needs $18 billion for infrastructure rehab

Zimbabwe needs about $18 billion to modernise its infrastructure and recapitalise, a top government official has said.Stanislaus Mangoma, director of Enterprise Development in the ministry of Industry...

By Staff reporter | Published: 06 March 2014

BUSINESS NEWS

China rules out Zim budgetary support

China has ruled out budgetary support to Zimbabwe.Finance minister Patrick Chinamasa, who recently returned empty-handed from Washington after being denied funding by the International Monetary Fund (...

By Staff reporter | Published: 06 March 2014

BUSINESS NEWS

$22 million bid for Homelink

A consortium of local and foreign investors has made a bid of $22 million for Homelink Private Ltd, with the company's management and OK Zimbabwe also said to be in the race to acquire the Reserve Ban...

By Staff reporter | Published: 06 March 2014

OPINION

Discover the power of change

Better ChangeNew ventures and even existing businesses are not immune to the powers of change. Change also happens when it is least expected, and the interaction between changes can definitely lead to...

By Regenesys | Published: 06 March 2014

BUSINESS NEWS

World Bank urges Zim to reduce trade restrictions

The World Bank has urged Zimbabwean authorities to reduce trade restrictions in order to improve on its trade performance after a research found the country's exports to have drastically declined by 5...

By Staff reporter | Published: 05 March 2014

BUSINESS NEWS

Zimbabwe urged to adopt the Swiss strategy

VISITING Norwegian development economist Erik Reinert has urged Zimbabwe to adopt the Swiss strategy of splitting up share capital on voting and non-voting stock when implementing the indigenisation a...

By Staff reporter | Published: 05 March 2014

BUSINESS NEWS

Smuggling a serious concern for manufacturers

Olivine Industries managing director Jonas Mushangari has called upon Parliamentarians to put in place measures to curb smuggling of products mainly from South Africa as this was seriously hurting ind...

By Staff reporter | Published: 04 March 2014

BUSINESS NEWS

Industry calls for review of indigenisation policy

Industry has called for the Government to exclude the manufacturing sector from the indigenisation policy. The call was made by Surface Investments chairman Narottam Somani while addressing the Parlia...

By Tawanda Musarurwa | Published: 04 March 2014

BUSINESS NEWS

Zimra cuts Kereke's RMC tax liability to $1,7m

The Zimbabwe Revenue Authority (Zimra) has cut down RMC Hospital's tax bill from a whooping $4 million to $1,7m, in a development that should give some reprieve to Munyaradzi Kereke, the RMC owner.Las...

By Staff reporter | Published: 04 March 2014

BUSINESS NEWS

Controversies shroud NSSA investments

THE controversies surrounding investments made by the National Social Security Authority have pointed towards some partying going on in the authority.What is sad is the seemingly wanton investment de...

By Staff reporter | Published: 04 March 2014

BUSINESS NEWS

Turkey investors keen on Zim

Turkish investors will soon pour in millions of dollars through investments into key sectors of the economy as they seize opportunities under the Zimbabwe Agenda for Sustainable Socio-Economic Transfo...

By Staff reporter | Published: 04 March 2014

BUSINESS NEWS

Zim loses $12bn to illicit deals

Zimbabwe has reportedly lost over $12 billion over the last three decades from illicit financial flows by powerful and unscrupulous international companies, agencies or individuals, Sunday Business ha...

By Sunday News | Published: 03 March 2014

BUSINESS NEWS

Improved foreign interest for ZITF 2014

The 55th edition of the Zimbabwe International Trade Fair to be held from 22-26 April 2014 has attracted an improved interest from foreign nations as compared to last`s conference, said Bhekithemba Nk...

By Staff reporter | Published: 03 March 2014

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