BUSINESS NEWS

Harare to issue $100m bond for city projects

HARARE City Council is planning to issue a $100 million bond to finance projects with a bias towards housing schemes as the local authority moves to reduce the national housing gap.Harare Mayor Counci...

By Staff reporter | Published: 18 July 2017

BUSINESS NEWS

Zimra sets $3.7 billion target

The government's tax collector, Zimbabwe Revenue Authority (ZIMRA) says Zimbabwe's revenue inflows are expected to reach a US$3.7 billion mark this year owing to an improved tax compliance monitoring ...

By Staff reporter | Published: 18 July 2017

BUSINESS NEWS

Mobile money insured, says DPC

THE Deposit Protection Corporation says funds in mobile money transactions are covered under the country's regulations allaying fears on the market.In a question and answer session at a DPC workshop l...

By Staff reporter | Published: 18 July 2017

BUSINESS NEWS

Govt moves to scrap POS tax

Government is moving to scrap off a five percent tax presently being levied on Point of sale and electronic transactions, as efforts to promote the use of cash-lite payments are intensified, said Acti...

By Staff reporter | Published: 18 July 2017

BUSINESS NEWS

RBZ to inject more bond notes

Government is set to inject more bond notes into the system in what is likely to significantly ease the cash crisis with negotiations for a top-up of the initial $200 million facility now at an advanc...

By Staff reporter | Published: 18 July 2017

Zim committed to protecting Bippa investments

GOVERNMENT remains committed in protecting investments that fall under Bilateral Investment Promotion and Protection Agreements (BIPPAs) as it forges ahead to attract foreign direct investment into th...

By Staff reporter | Published: 18 July 2017

POLITICS

Chinamasa in nepotism storm

FINANCE minister Patrick Chinamasa finds himself in a nepotism storm after he was accused of abusing his office to divert reforestation funds from the Forestry Commission to the Tobacco Industry Marke...

By Staff reporter | Published: 18 July 2017

BUSINESS NEWS

Chinamasa challenges SEZ Board

Finance and Economic Development Minister Patrick Chinamasa has challenged the recently appointed Special Economic Zones Authority board to spearhead an export-led growth of the economy and enhance th...

By Staff reporter | Published: 17 July 2017

POLITICS

Tsvangirai to die within 6 months rumour rubbished

Morgan Tsvangirai returned from his routine medical check-up in South Africa yesterday to face debate on whether he, along with his main rival President Robert Mugabe, are fit enough to withstand the ...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

Miners brace for Mine Entra

Small scale and artisanal miners are targeting to effectively utilise the forthcoming Mine Entra event to create linkages with regional and international exhibitors.The expo runs in Bulawayo from the ...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

Dollar shortages threaten Zimbabwe businesses

Zimbabwean businesses are seeing tumbling output because of an acute dollar shortage that has forced banks to delay processing payments for imports of spare parts and supplies, a KPMG poll found.This ...

By Staff reporter | Published: 17 July 2017

POLITICS

'Zimbabweans fund Mugabe sons' profligacy'

Tendai Biti's opposition PDP party is complaining that President Robert Mugabe's sons' debauchery and wild partying are being funded with taxpayer dollars.This comes after the two boys - Robert Junior...

By Staff reporter | Published: 17 July 2017

POLITICS

Mugabe not worried about Zanu-PF factionalism

President Robert Mugabe's former deputy Joice Mujuru says the southern African country's strongman is not worried about factionalism in his ruling Zanu-PF party, as it helps him prolong his stay in p...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

Zimbabwe rules out rand adoption

Not for the first time, government has ruled out adopting the South African rand as its main currency.Responding to a question with notice in the Senate, Agriculture minister Joseph Made, standing in ...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

Why ZimAsset has been a disaster

The Zanu-PF government's five-year economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), has dismally failed to turnaround the country's economic fortunes, ...

By Staff reporter | Published: 17 July 2017

OPINION

Dispute settlement in public private partnership projects

Like any other contract, public private partnership projects are susceptible to disputes. The likelihood of disputes in conventional procurement is minimal in supply contracts.Works contracts tend to ...

By Nyasha Chizu | Published: 17 July 2017

BUSINESS NEWS

More SMEs in Zimra tax net

THE Zimbabwe Revenue Authority has widened the tax net, registering about 13 000 new small to medium enterprises in the six months to June following a successful collaboration with SMEs and the Minist...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

Zimra bemoans liquidity crunch

The Zimbabwe Revenue Authority (Zimra) has bemoaned the continued liquidity crunch amid indications from the Zimbabwe Reserve Bank (RBZ) that some banks were holding only 2% cash reserves against a be...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

CZI annual conference preps at advanced stage

THE Confederation of Zimbabwe Industries (CZI) has said preparations for its annual conference set for next month are at an advanced stage, with India and Turkey business delegations set to jet into t...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

IMF raises red flag over Zimbabwe cash crisis

The International Monetary Fund (IMF) has blamed Zimbabwe's unrelenting cash shortages on government's runaway spending and a comatose economy.IMF's outgoing mission chief for Zimbabwe Anna Lucia Coro...

By Staff reporter | Published: 17 July 2017

POLITICS

Mugabe's biker in horrific accident

PRESIDENT Robert Mugabe's return home from a week-long trip abroad took a bizarre turn yesterday morning when one of the bikers in his motorcade was involved in a horrific accident, a few minutes afte...

By Staff reporter | Published: 16 July 2017

POLITICS

Grace Mugabe in freak accident

In a statement, Charamba confirmed that the First Lady, Dr Mugabe suffered some soft tissue bruising on the right ankle as a result of a freak car incident at the Harare International Airport soon aft...

By Staff reporter | Published: 15 July 2017

BUSINESS NEWS

Top chef pockets $10 000

TM Pick n Pay Battle of the Chefs season two winner, Dylan Taylor, walked away $10 000 richer at the official prize handover ceremony in Harare yesterday.Chefs Carmen Vlahakis, Cherron Harry, Wilson J...

By Staff reporter | Published: 15 July 2017

BUSINESS NEWS

Civil servants pay dates announcement

THE Government has released civil servants' pay dates for this month with the military expected to get their salaries on Tuesday.Workers in the health sector will be paid next Friday while the police ...

By Staff reporter | Published: 15 July 2017

POLITICS

'Business should promote Bill of Rights'

Constitutional law expert, Alex Magaisa has challenged the business community to be well-versed with provisions of the new Constitution, particularly those to do with the Bill of Rights, as failure to...

By Staff reporter | Published: 15 July 2017

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