BUSINESS NEWS

Firms resort to mergers to consolidate viability

THE Competition and Tariff Commission (CTC) says it has approved more than 20 mergers for companies in different sectors of the economy this year.It said the companies were venturing into mergers as t...

By Business Reporter | Published: 18 December 2013

BUSINESS NEWS

Govt to revive Special Economic Zones

GOVERNMENT has approved the re-establishment of Special Economic Zones to create a vibrant, self-sustaining and robust manufacturing industry with capacity to produce goods and services for both, the ...

By Business Reporter | Published: 18 December 2013

BUSINESS NEWS

Housing affordability still a challenge

According to the FinMark Trust 2013 Housing Affordability Study, lending rates are still high in Zimbabwe due to the high cost of funds for financial institutions.The study showed that while the autho...

By bh24 | Published: 16 December 2013

POLITICS

Bad credit adds to Zim's food insecurity

The drying-up of credit lines to the Zimbabwe government and apparent donor fatigue are pushing up the price of the staple grain, maize, by nearly a third in some droughthit areas compared to a year a...

By IRIN | Published: 16 December 2013

BUSINESS NEWS

All eyes on Chinamasa's budget

BULAWAYO distressed companies expect Finance minister Patrick Chinamasa to unveil a rescue package when he presents the 2014 national budget on Thursday.The long-awaited budget presentation would come...

By Staff reporter | Published: 16 December 2013

OPINION

High tech equipment to boost Zim health sector

The public health sector in Zimbabwe has been recently described as one of the lowly performing service sectors in the country of which it is supposed to be one of the best performing sector since a h...

By Staff reporter | Published: 13 December 2013

POLITICS

US seeks improved relations with Zimbabwe

THE United States seeks to establish positive economic ties with Zimbabwe, a US official said recently while visiting the country. United States Deputy Assistant Secretary of State for African Affairs...

By Staff reporter | Published: 13 December 2013

POLITICS

Tendai Biti's reforms set to be undone

FORMER finance minister Tendai Biti's reforms during the inclusive government are set to be undone as his successor moves to revise some of his fiscal measures in line with a new agenda being pursued ...

By Staff reporter | Published: 13 December 2013

OPINION

Celebrating Zimbabwe industry

Buy Zimbabwe held its inaugural Buy Zimbabwe Awards on December 11, 2013. The essence of the awards was to celebrate the remarkable and outstanding roles played by local companies in rejuvenating the ...

By Vandudzai Zirebwa Buy Zimbabwe | Published: 13 December 2013

BUSINESS NEWS

Russian tycoon risks losing Zim assets

RUSSIAN billionaire Mikhail Prokhorov's Renaissance Capital stands to lose financial and fixed assets in Zimbabwe after its former country boss Terence Mukupe dragged the investment group to the High ...

By Staff reporter | Published: 13 December 2013

POLITICS

Zim urged to re-engage global business

A TOP Zimbabwean banker has spoken out on the liquidity crunch rocking the country's financial services sector and the economy, saying government must show policy consistency and re-engage the interna...

By Staff reporter | Published: 13 December 2013

OPINION

Zim 2014 telecoms' booming

The year 2013 saw many sectors struggling due to the liquidity crunch and other constraints. However the telecommunications sector tells a different story.The sector encountered high growth rates main...

By Staff reporter | Published: 12 December 2013

BUSINESS NEWS

$7m complex for Chipinge

CHIPINGE Town will get a major facelift when the construction of a $7 million two-storey complex gets underway early next year. The construction of the building, which is being funded and spearheaded...

By Post Reporter | Published: 12 December 2013

BUSINESS NEWS

Zim man elected Pan-African Chamber of Commerce VP

MUTARE businessman and Zimbabwe National Chamber of Commerce president, Mr Hlanganiso Matangaidze, was recently elected Pan-African Chamber of Commerce fourth vice-president. The elections were held d...

By Staff reporter | Published: 12 December 2013

OPINION

Celebrating a life worth living

----- lessons from the life of Nelson MandelaAs we say our farewells to Nelson Mandela it is fitting that we reflect on our current behaviours and on what ideals we can take from this modern saint to ...

By Regenesys | Published: 12 December 2013

BUSINESS NEWS

Zimra to surpass revenue target

The Zimbabwe Revenue Authority Zimra says it will surpass its target of $3.6 billion by the 31st of December.So far nearly $3.4 billion has been collected.The revenue authority, which failed to meet t...

By Staff reporter | Published: 12 December 2013

OPINION

Credit bureaus crucial for financial stability

In  a modern economy, economies are usually run on credit with corporates, individual, societies and clubs providing credit to one another. A cycle of credit is thus created in an economy where e...

By Sanderson Abel | Published: 12 December 2013

POLITICS

Govt demands parastatal pay schedules

GOVERNMENT has directed heads of public entities to provide schedules of their salaries and benefits, but the reasons behind the move were still unclear yesterday. According to sources, the directive,...

By Business Reporters | Published: 12 December 2013

OPINION

ZimStat's unemployment claim misleading

Statistical information sourced by bodies such as ZimStat among others, is very critical as it helps Government to come up with homegrown solutions to some of the problems bedevilling our country. Whe...

By herald | Published: 11 December 2013

BUSINESS NEWS

Liquidity hampers ZIA projects

THE majority of investment projects assessed by the Zimbabwe Investment Authority this year have taken off, although at a much slower pace largely due to prevailing liquidity challenges. The projects...

By Business Reporter | Published: 11 December 2013

POLITICS

Zim official census results out

Zimbabwe on Monday officially released the 2012 population census results after the Zimbabwe National Statistics Agency (ZimStat) completed the data processing exercise. However, figures released do n...

By New Ziana | Published: 10 December 2013

POLITICS

2014 Budget set for December 19

THE Ministry of Finance has said the 2014 National Budget will be announced on the 19th of this month.This was contained in an official statement released to the media by the ministry yesterday.Earlie...

By Staff reporter | Published: 10 December 2013

BUSINESS NEWS

SA still Zim's biggest trading partner

South Africa remained Zimbabwe's biggest trading partner for the period to October 31, 2013, official figures have shown.In the ten month period, South Africa remained Zimbabwe's largest trading part...

By fin24 | Published: 10 December 2013

BUSINESS NEWS

Gloomy outlook for ailing firms

BULAWAYO ailing firms going on annual shutdown facing economic challenges are likely not to re-open next year, economic commentators said yesterday.Traditionally, companies go on annual shutdown a wee...

By Business Reporter | Published: 10 December 2013

BUSINESS NEWS

Budget presentation set for next week

The Minister of Finance and Economic Development, Patrick Chinamasa will present the 2014 national budget on Thursday next week.In a statement, the Permanent Secretary in the ministry, Willard Manungo...

By Staff reporter | Published: 09 December 2013

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