BUSINESS NEWS

RBZ Monetary Policy Statement - Full document

Acting Governor, Charity Dhliwayo presented the 2014 Monetary Policy Statement today in which she extended the period for complying with the minimum capital of $100 million for commercial and mercha...

By RBZ | Published: 29 January 2014

BUSINESS NEWS

'No retrenchment for civil servants'

Finance and Economic Development Minister Patrick Chinamasa said on Tuesday the Government does not plan to retrench any member of the civil service to balance its budget which is skewed towards emplo...

By Staff reporter | Published: 29 January 2014

BUSINESS NEWS

Zimra introduces pre-clearance facility

The Zimbabwe Revenue Authority (Zimra) will enforce a pre-clearance facility which allows traders to clear their freight before importation of all shipments that come into the country to improve effic...

By bh24 | Published: 28 January 2014

BUSINESS NEWS

PSMAS fires Cuthbert Dube

Premier Service Medical Aid Society group CE Cuthbert Dube and the society's board chairperson Meisie Makeletso Namasasu have been booted out.The society has been in the news in recent days amid revel...

By Staff reporter | Published: 28 January 2014

BUSINESS NEWS

300 companies apply for liquidation in 2013

More than 300 companies in Bulawayo and the Midlands applied for liquidation last year alone as the operating environment continued to worsen, records from the Bulawayo High Court have shown. Official...

By Staff reporter | Published: 28 January 2014

BUSINESS NEWS

ZIA seeks partners for Beitbridge project

THE Zimbabwe Investment Authority (ZIA) is seeking partners to complete the development of its Beitbridge Industrial Park situated about five kilometres from Zimbabwe's border with South Africa.The Be...

By Business Reporter | Published: 28 January 2014

BUSINESS NEWS

Chinese energy firm to invest $160m in Zim

China Powerway Renewable Energy Company through its regional subsidiary Powerway South Africa plans to invest about $160 million in the construction of a 100MW solar plant in Zimbabwe once all the reg...

By Staff reporter | Published: 27 January 2014

BUSINESS NEWS

Consumption to drive Zim growth, says BMI

A Business Monitor International (BMI) Zimbabwe Food and Drink Report 2014 said massive remittance inflows from the large Diaspora population continued to drive private consumption in the country and ...

By Staff reporter | Published: 24 January 2014

BUSINESS NEWS

Salary cut for PSMAS bigwigs

THE Premier Service Medical Aid Society board has slashed the salaries of chief executive officer Mr Cuthbert Dube and senior management.Since September last year, Mr Dube had been taking home $230 00...

By Staff reporter | Published: 24 January 2014

BUSINESS NEWS

Jericho CEO appointed to SA's Loeries Advisory Board

Jericho Advertising Zimbabwe CEO, Denford Magora, has been appointed to The Loeries Advisory Board.Magora becomes the only Zimbabwean to ever get this honour.The Loeries are one of the Top 5 Advertisi...

By Staff reporter | Published: 23 January 2014

BUSINESS NEWS

Zimra misses revenue target

The Zimbabwe revenue Authority missed the budgeted $3,64 billion annual revenue collection target for 2013 after collecting $3,43 billion.The 6 percent variance could be attributed mainly to the miss...

By Staff reporter | Published: 23 January 2014

BUSINESS NEWS

Zimbabwe stifling its entrepreneurs - audio

Zimbabwean property entrepreneur Kura Chihota speaks to 567 CapeTalk/Talk Radio 702's Bruce Whitfield about his battle to start a company in his home country. He has since returned to South Africa aft...

By Talk Radio 702 | Published: 23 January 2014

OPINION

The strategy hierarchy

China recently posted 7% economic growth, which was higher than expected. Surprisingly, this was for the last quarter. Is your business even contemplating 7% growth per quarter? Or do you believe that...

By Regenesys | Published: 23 January 2014

BUSINESS NEWS

PSMAS shock salary schedule

The top management at Premier Service Medical Aid Society (PSMAS) is gobbling at least $1 million in basic monthly salaries at a time the State enterprise is reeling under a $38 million debt.As at Dec...

By Health Reporter | Published: 23 January 2014

BUSINESS NEWS

Zim stable on global competiveness index

Zimbabwe remains relatively stable at 131st position out of 148 countries on the 2012-2013 Global Competitiveness Report compiled by the World Economic Forum"Public institutions continue to receive a ...

By Staff reporter | Published: 22 January 2014

BUSINESS NEWS

Zim's 16 major roads set for rehabilitation

TWENTY-NINE local and international construction companies have expressed interest in rehabilitating 16 major roads in the country.Last year, Government invited bidders for the rehabilitation of the r...

By Staff reporter | Published: 22 January 2014

BUSINESS NEWS

Zim receives $53 million grant from AfDB

The Zimbabwean government and the African Development Bank (AfDB) have signed six grant protocols of agreement worth $53 million towards the support of on-going infrastructure, energy, water, governan...

By Staff reporter | Published: 22 January 2014

OPINION

Zimbabwe budget was a let down

To all citizens and permanent residents of Zimbabwe, welcome to the year 2014. Unfortunately, all indications are that, for the largest majority of us, life will remain as difficult in 2014, as it was...

By Dr Simba Makoni | Published: 21 January 2014

BUSINESS NEWS

IDC to dispose of nine units

THE Industrial Development Corporation plans to dispose of its shareholding in nine subsidiaries and associate companies as part of the company's three pronged strategy to reduce, sell-off and entrenc...

By Business Reporter | Published: 21 January 2014

POLITICS

Safari business to generate $65 million

REVENUE from safari business is set to reach $65 million this year up from $55 million realised last year, further boosting anticipated growth in the tourism sector.Zimbabwe is one of the most preferr...

By Staff reporter | Published: 20 January 2014

BUSINESS NEWS

Not all companies to be resuscitated

Industry Minister Mike Bimha has said not all companies that have shut down have to be resuscitated and called for creation of criteria to single out those deserving special attention.A number of comp...

By New Ziana. | Published: 20 January 2014

BUSINESS NEWS

IDC to revive financing role

THE Industrial Development Corporation of Zimbabwe is seeking seed capital to revive its development financing role, targeted at supporting value addition and beneficiation.IDC made a $100 million bid...

By Business Reporters | Published: 17 January 2014

POLITICS

Zimbabwe needs to address country risk issues

Zimbabwe needs to address the issue of country risk so that financial institutions can be able to access cheaper external credit to finance local firms who are reeling under the burden of high intere...

By Staff reporter | Published: 16 January 2014

BUSINESS NEWS

Zim not happy with Trade facilitation agreement

Zimbabwe is not likely to benefit from the agreement on trade facilitation reached at the 9th Ministerial Conference of the World Trade Organisation last year, Industry and Commerce Minister Mike Bim...

By Staff reporter | Published: 16 January 2014

BUSINESS NEWS

Weak rand is bad news for Zimbabwe

The weakening rand will worsen the economic situation in Zimbabwe, a World Bank official has said.Nadia Piffaretti, the World Bank's senior country economist for Zimbabwe, told a forum in Harare on We...

By Fin24 | Published: 16 January 2014

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