BUSINESS NEWS

Debt to equity plan for Merlin

THE judicial manager of troubled Bulawayo-based textiles firm, Merlin (Pvt) Limited, will this week present a report to creditors in which he is proposing the conversion of debt into equity.The move i...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

ZIMRA proposes severe penalties

THE Zimbabwe Revenue Authority (ZIMRA) is contemplating legislative measures to ensure severe penalties to tax evaders in a bid to force compliance and boost revenue.ZIMRA board chairperson, Willia Bo...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Miners meet Mangudya over forex crisis

THE Reserve Bank of Zimbabwe (RBZ) recently held a meeting with miners to resolve a deteriorating foreign payments situation for miners, whose foreign payments backlog had been significantly reduced d...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Over 50 people apply for SEZA top job

MORE than 50 people applied for the job to head the Special Economic Zones Authority (SEZA), which was on the market for a chief executive officer.SEZA's chairman, Gideon Gono , said his organisation ...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

One stop border project abandoned

CHIRUNDU border officials have abandoned the one stop border post (OSBP) concept, which was meant to enhance customs clearances and trade facilitation. They have resorted to the old, cumbersome system...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Zim misses statutory, Sadc limit on debt

ZIMBABWE'S debt to GDP ratio is estimated to exceed the statutory limit of 70% this year due to excessive borrowing from the domestic market, Treasury has warned, imploring the need for fiscal consoli...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Zimra beats revenue targets again

The Zimbabwe Revenue Authority gross collections for the third quarter were 19% above target boosted mainly by higher collections in Value Added Tax, individual tax, excise duty and company tax.Gross ...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

ZSE, former CEO fight rages on

Fired Zimbabwe Stock Exchange (ZSE) chief executive officer Alban Chirume has filed a counter claim arguing he is entitled to a company vehicle his employers wants him to return.The ZSE two weeks drag...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

NSSA eyes CSC equity

THE National Social Security Authority (NSSA) says its $18 million investment deal to revive Cold Storage Company (CSC) was on course, with positive engagements underway that will culminate in the eve...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Love for imports create internal economic challenges

BUY Zimbabwe says the country's love of imports has created the internal economic challenges prevalent today which has led to a highly imbalanced economy.In a statement on Tuesday, Buy Zimbabwe said t...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

'SEZs to drive increased FDI, exports'

THE implementation of the Special Economic Zones (SEZ) policy is expected to attract increased foreign direct investment in different sectors and create export-led economic growth.Macro-Economic and I...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

RBZ throws Mpilo cancer unit lifeline

THE Reserve Bank of Zimbabwe has thrown Mpilo Central Hospital's cancer unit a lifeline by providing the $63 000 required to fix its radiography machine, a week after a local MP's impassioned plea in ...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

ZimTrade hosts Annual Exporters' Conference

ZIMTRADE today hosts the Annual Exporters' Conference and Exporter of the Year Awards in Harare with participants expected to deliberate on key strategies to improving export earnings for the country....

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Bulawayo sets priorities for Zim-Asset II

STAKEHOLDERS in Bulawayo have advised the Government to prioritise key infrastructure development in the second phase of Zim-Asset so as to attract increased investment into the city.This emerged duri...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Indonesia keen on Zim textile sector

INVESTORS from Indonesia have expressed readiness to tap into opportunities offered in the revival of Zimbabwe's textile manufacturing sector, an official has said.The increase in cotton production un...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Govt to tap into Aids levy to fight cancer scourge

GOVERNMENT will now use resources mobilised through the Aids levy to fight the cancer scourge that continues to ravage society.It is estimated that 7 000 Zimbabweans are diagnosed of cancer every year...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Kwekwe Council wins labour dispute

Kwekwe City Council has won a 16-year-old labour dispute against its former employee Dr Alva Senderayi after the Supreme Court quashed the High Court decision declaring his sacking as illegal. The sup...

By Staff reporter | Published: 19 October 2017

POLITICS

Reprieve for Mutare vendors

Vendors in Mutare got a temporary reprieve on Monday after Minister of State for Manicaland Provincial Affairs Mandi Chimene instructed council and police to allow them to sell their wares from the ed...

By Staff reporter | Published: 19 October 2017

OPINION

Clearance of building material imported by private individuals

This article seeks to correct some misconceptions on duty for building material imported for personal use by private individuals. One of the incorrect views is that production of an approved house pla...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

2018 Budget targets market indiscipline, corruption

The 2018 National Budget is expected to take stern measures on market indiscipline and corruption by enforcing a wide range of measures including cancellation of licences for financial sector institut...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

'Zimbabwe could default Treasury Bills payment'

THE Parliamentary Budget Office has warned that the Government could default on its Treasury Bills payment obligations on maturity, a development it fears could leave most local commercial banks, whic...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Zim exceeds grain target by 700 000t

Zimbabwe has in excess of 700 000 tonnes in grain and Government has put in measures that will ensure that no one will starve before the next harvest, Acting President Emmerson Mnangagwa has said. Mna...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Treasury lays out 2018 budget thrust

The 2018 national budget will focus on restoring macro-economic stability and fiscal discipline through implementing various cost-cutting measures, the Ministry of  Finance and Economic Developme...

By Staff reporter | Published: 18 October 2017

EDUCATION

'Research critical for healthcare sector'

The University of Zimbabwe (UZ) will this week host the 25th edition of the Annual Medical Research Day to explore ways to strengthen the country's health delivery system and offer solutions to some o...

By Staff reporter | Published: 18 October 2017

BUSINESS NEWS

Zimbabwe says to slash budget deficit

Zimbabwe plans to cut its budget deficit by half next year to 4 percent of GDP, the national Treasury said, an ambitious goal at a time when the country is expected to hold a presidential vote that ve...

By Staff reporter | Published: 18 October 2017

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