BUSINESS NEWS

Indigenisation ministry scrapped

President Emmerson Mnagangwa has delivered to some extent on a lean cabinet, reducing it from 26 to 22 and whittling away deputy ministers to six.But its the composition has drawn some criticism for i...

By Staff reporter | Published: 01 December 2017

OPINION

Delivery should be Mnangagwa's motto

The wild celebrations that gripped the streets of Harare and other cities and towns across the length and breadth of Zimbabwe are an expression of hope and optimism that the new administration will ch...

By Muchesa Chatsama, Consultant | Published: 01 December 2017

BUSINESS NEWS

AG's legal team produces Labour Act second draft

THE Attorney General's office has produced a second draft of the amended Labour Act which was discussed by the three parties to the Tripartite Negotiating Forum late last month, businessdigest has lea...

By Staff reporter | Published: 01 December 2017

BUSINESS NEWS

National budget: Analysts expect expenditure cut

THE 2018 national budget, which will be the first major policy pronouncement under the administration of President Emmerson Mnangagwa, should cut on expenditure, while stemming huge losses incurred by...

By Staff reporter | Published: 01 December 2017

POLITICS

Mnangagwa names top military officers in new cabinet

Zimbabwe's new president named his first cabinet on Thursday, appointing two senior military officers to key portfolios and dropping close allies of Robert Mugabe who resigned after the armed forces t...

By AFP | Published: 01 December 2017

BUSINESS NEWS

Meat processing capacity utilization shrinks to 30%

CAPACITY utilisation in the meat processing sector has shrunk to 30% from 60% in July owing to mounting production costs and challenges to procure raw materials, the latest update released by the indu...

By Staff reporter | Published: 01 December 2017

BUSINESS NEWS

'Corruption hampers forex allocation'

THE Confederation of Zimbabwe Industries (CZI) has bemoaned the high levels of corruption in the country, resulting in the diversion of foreign currency allocated to industry by the Reserve Bank of Zi...

By Staff reporter | Published: 01 December 2017

OPINION

Things Zim can do to recover from the Mugabe era

Long in coming but swift and relatively painless when it happened, the downfall of Robert Mugabe offers Zimbabwe a once-in-a-generation opportunity to recalibrate its hitherto dire trajectory. The tra...

By Admos Chimhowu | Published: 01 December 2017

BUSINESS NEWS

Border posts beefed up for Christmas period

THE Zimbabwe Revenue Authority (Zimra) has introduced an electronic Temporary Import Permit (E-TIP) to accelerate clearing of motorists arriving for the festive season with close to 100 officers set ...

By Staff reporter | Published: 01 December 2017

POLITICS

Chombo begs for mercy, offers to quit politics

INCARCERATED former Cabinet minister and ex-Zanu PF secretary for administration, Ignatius Chombo , has offered to quit politics and go into full-time farming or return to teaching in an effort to re...

By Staff reporter | Published: 01 December 2017

POLITICS

Mnangagwa's cabinet - 22 ministers, 6 deputies

PRESIDENT Emmerson Mnangagwa yesterday appointed a 22-member Cabinet in a move that saw some line ministries with functional duplications being merged.He also brought in some new faces into Government...

By Staff reporter | Published: 01 December 2017

BUSINESS NEWS

Over $3 billion externalised

Zimbabwe's foreign currency shortages are worsening over massive capital flight amid indications corporates and business tycoons have externalised $3 billion between 2015 and June 2017 mainly to Maur...

By Staff reporter | Published: 01 December 2017

BUSINESS NEWS

Parastatal revival keynote for production boost

THE coming in of a new Government led by President Emmerson Mnangagwa has kindled hope for economic recovery in Zimbabwe after years of stagnation.The demise of key economic players, mainly public en...

By Staff reporter | Published: 01 December 2017

BUSINESS NEWS

Zimra optimistic of surpassing $3,4bn target

The Zimbabwe Revenue Authority (Zimra) is optimistic that it will surpass this year's $3,4 billion revenue target on the back of measures that the authority has put in place to enhance revenue collec...

By Staff reporter | Published: 01 December 2017

BUSINESS NEWS

Zimbabwe amends Indigenisation Law

Government is amending the Indigenisation and Economic Empowerment Act to reflect its policy position that the 51/49 percent requirement only applies to natural resource-based investments.In this inve...

By Staff reporter | Published: 01 December 2017

BUSINESS NEWS

Farmers call for pro-agric Budget

Farmers are expecting the 2018 National Budget to address challenges in the agricultural sector such as the shortage of machinery and equipment, high inputs costs and promotion of value addition for ...

By Staff reporter | Published: 01 December 2017

POLITICS

Mnangagwa's new cabinet - full-list

The Chief Secretary to the President and Cabinet, Dr Misheck Sibanda has announced the following categories of Ministerial appointments by His Excellency the President, Emmerson Dambudzo Mnangagwa, i...

By Staff reporter | Published: 01 December 2017

OPINION

Time to invest in Zimbabwe is now

The evidence of Zimbabwe's ailing economy is everywhere: Massive unemployment estimated at 85percent; hyper-inflation; shortage of essential food items such as wheat; dependence on imports; cash-strap...

By Tryphosa Ramano | Published: 30 November 2017

POLITICS

Mnangagwa's acid test

PRESIDENT Emmerson Mnangagwa's new administration faces its first stern test when it presents the 2018 National Budget next week.Tackling hostile investment laws, a growing current account deficit, a ...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

Mnangagwa action list

PRESIDENT Emmerson Mnangagwa has a tough task ahead of reviving the country's comatose economy he inherited from his predecessor Robert Mugabe, industry has observed.Mugabe, who had been at the helm o...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

Bond notes firm on parallel market

THE value of bond notes appreciated on the parallel market on hopes of economic recovery following the appointment of President Emmerson Mnangagwa, who is expected to institute broad reforms.Mnangagwa...

By Staff reporter | Published: 30 November 2017

POLITICS

'Zimbabwean looters are known'

INDIVIDUALS and companies that illegally externalised significant amounts of money from the country are known and will be prosecuted if they do not heed a three-month amnesty extended by President Emm...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

Kariba Dam wall rehab starts

Planned to be completed in eight years, the project which is being undertaken by a French contractor Razel-BEC, will be developed at an estimated cost of about US$294 million. It entails the reshaping...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

Lack of funding impedes ZimAsset

THE Office of the President and Cabinet (OPC) says lack of a resource mobilisation strategy has been the major impediment to the success of the government's economic blueprint, the Zimbabwe Agenda for...

By Staff reporter | Published: 30 November 2017

POLITICS

Mnangagwa must recover the $15bn from Chiadzwa

OPPOSITION parties have welcomed calls by President Emmerson Mnangagwa for persons, who externalised money to return the loot within three months, saying the government must leave no stone unturned in...

By Staff reporter | Published: 30 November 2017

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