OPINION

Feel it, economic turmoil is here

IT happened so fast; so fast that no one can honestly claim they saw it coming.Just between Thursday and Friday the impact was everywhere.Shops felt it.The transacting public was hardest hit.Suppliers...

By Learnmore Zuze | Published: 27 September 2017

BUSINESS NEWS

'Craft policies to curb smuggling, corruption'

THE Zimbabwe National Chamber of Commerce (ZNCC) yesterday called on government to craft effective measures to curb smuggling, corruption at State enterprises and parastatals (seps) and porousness at ...

By Staff reporter | Published: 27 September 2017

BUSINESS NEWS

RBZ to craft law to arrest cash dealers

The Reserve Bank of Zimbabwe (RBZ) says it is finally working on an instrument to arrest cash dealers operating on the parallel market, where they are effectively controlling the economy with authorit...

By Staff reporter | Published: 27 September 2017

BUSINESS NEWS

Govt engages industry, RBZ over commodity shortages

GOVERNMENT yesterday engaged captains of industry and Reserve Bank of Zimbabwe (RBZ) officials with a view to locating and solving the challenges that caused the recent spate of price increases togeth...

By Staff reporter | Published: 27 September 2017

BUSINESS NEWS

Consumer council slams retailers

THE Consumer Council of Zimbabwe (CCZ) yesterday slammed retailers for increasing prices of some basic commodities without justification.In an interview with The Herald, CCZ executive director Ms Rose...

By Staff reporter | Published: 27 September 2017

OPINION

Dangers of over trading for SMEs

Running a start-up SME business is often a very difficult and tricky affair.Emerging entrepreneurs face myriad challenges, which range from the first stages of coming up with a profitable business mod...

By Dr Sanderson Abel | Published: 27 September 2017

BUSINESS NEWS

Causes of price hikes under probe

GOVERNMENT yesterday engaged captains of industry and Reserve Bank of Zimbabwe (RBZ) officials with a view to locating and solving challenges that triggered recent price increases and hoarding of prod...

By Staff reporter | Published: 27 September 2017

OPINION

Who wants the return of 2008, anyway?

FOR those not familiar with the semiotics and nomenclature of Zimbabwean language and politics, "2008" represents a "time of great suffering" - something between the suffering of God's people in Bibli...

By Tichaona Zindoga | Published: 27 September 2017

BUSINESS NEWS

Early signs of 2008?

CASH barons have hijacked the economy and are now holding it to ransom, as evidenced by the recent increments in prices which is driving inflation.RBZ governor John Mangudya said it was high time that...

By Staff reporter | Published: 27 September 2017

BUSINESS NEWS

ICSAZ boss warns business

As the nation sinks deeper into economic turmoil, business has been warned against seeking illegal ways to survive the harsh environment, as this comes with serious ramifications.Speaking to NewsDay o...

By Staff reporter | Published: 26 September 2017

BUSINESS NEWS

Afreximbank working on $1bn Zimbabwe deals

AFRICAN Export-Import Bank (Afreximbank) president, Benedict Oramah says they are working on $1 billion worth of deals with both public and private sector entities in Zimbabwe.Speaking at a dinner rec...

By Staff reporter | Published: 26 September 2017

BUSINESS NEWS

Cooking oil finds way to black market

Cooking oil has found its way to the black market in Gweru, as leading retailers in the city have run out of the commodity, a snap survey has shown.Big supermarkets such as Pick n Pay and OK Zimbabwe ...

By Staff reporter | Published: 26 September 2017

BUSINESS NEWS

Zim industry captains allay shortage fears

CAPTAINS of industry yesterday slammed social media reports suggesting that the country will soon face basic commodities' price increases and shortages.In separate interviews, business and industry ex...

By Staff reporter | Published: 26 September 2017

BUSINESS NEWS

Mangudya washes hands on economic collapse

RESERVE Bank of Zimbabwe governor, John Mangudya yesterday seemed to lay the blame for the impending economic collapse on the government, saying he had done everything he had promised to do."We have d...

By Staff reporter | Published: 25 September 2017

BUSINESS NEWS

NSSA not affected by High Court ruling

The National Social Security Authority (Nssa) said its assets and operations are not affected by the recent High Court ruling which nullified the acquisition of Renaissance Financial Holdings Limited ...

By Staff reporter | Published: 25 September 2017

BUSINESS NEWS

More lawyers deregistered

The Law Society of Zimbabwe (LSZ) has over the years deregistered 29 lawyers while it is probing 14 others over alleged misconduct, the organisation's latest report revealed.According to the August 20...

By Staff reporter | Published: 25 September 2017

BUSINESS NEWS

Zimra moves to curb upsurge in tax refund pay outs

THE Zimbabwe Revenue Authority (Zimra) has appointed Value Added Withholding Tax agents to curb the upsurge in tax refund pay outs that impact negatively on the country's net revenue collections.pay o...

By Staff reporter | Published: 25 September 2017

BUSINESS NEWS

$600m to stabilise market this week

Finance and Economic Development Minister Patrick Chinamasa has said the projected strong economic growth this year has increased the demand for foreign currency in the country.Speaking at the handove...

By Staff reporter | Published: 25 September 2017

BUSINESS NEWS

'Zim has no capacity to build forex reserves'

Zimbabwe is living from hand to mouth and has no capacity to build foreign currency reserves from export earnings, Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has said.Mangudya last week sa...

By Staff reporter | Published: 25 September 2017

BUSINESS NEWS

CSC partners NSSA

Plans are at an advanced stage to resuscitate the Cold Storage Commission here, with the National Social Security Authority (NSSA) partnering Government as the majority shareholder.Modalities for the ...

By Staff reporter | Published: 25 September 2017

BUSINESS NEWS

North Korea links haunt Zimbabwe firm

CONTROVERSY surrounds local company Mansudae Boka Designs Private Limited's trade activities, amid reports it may be linked to North Korean company - Mansudae Overseas Project (MOP) Group of Companies...

By Staff reporter | Published: 22 September 2017

BUSINESS NEWS

Zimbabwe desperate for foreign investors

ZIMBABWE'S approved potential investment projects more than doubled to nearly US$1 billion this year from US$451 million last year, although the majority have not taken off amid concerns that investor...

By Staff reporter | Published: 22 September 2017

POLITICS

Grace Mugabe's son feasts on mining deal windfall

FIRST Lady Grace Mugabe's first born son, Russell Goreraza (33), and his business partner Valentine Gaucho imported seven top-of-the-range vehicles worth about US$2,5 million after brokering a controv...

By Staff reporter | Published: 22 September 2017

POLITICS

Chinamasa in fuel scandal

FINANCE minister Patrick Chinamasa, through the ministry's permanent secretary Willard Manungo, last year illegally granted permission to a private mining company to import 12 million litres of fuel d...

By Staff reporter | Published: 22 September 2017

BUSINESS NEWS

Padenga interim net income doubles

Listed crocodile skin producer Padenga Holdings has reported a 100 percent rise in net income to $4, 05 million from $2 million in the half-year period to June 30, 2017, from the prior comparable peri...

By Staff reporter | Published: 22 September 2017

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