BUSINESS NEWS

Budget consultations to begin next month

The 2018 national budget consultations will begin early next month, with a view to cover a lot of ground considering the challenges facing the economy.The consultations are critical in informing fisca...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

RBZ increases forex allocation to fuel companies

The Reserve Bank of Zimbabwe (RBZ) has increased foreign currency allocation to fuel companies from US$7 million to US$10 million weekly to ensure adequate availability of the commodity.The perceived ...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Ster-Kinekor Byo eyes bumper opening night

Ster-Kinekor Zimbabwe is ready to open its doors to the Bulawayo public tomorrow with less than 20 tickets left for the premiere night where a 3D action spy comedy The Kingsman: Golden Circle will be ...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

CZI gathers input for local content policy

INDUSTRY representative body, the Confederation of Zimbabwe Industries (CZI), is seeking input from manufacturing companies on the formulation of the local content policy.The Government and the privat...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Nando's bounces back from building collapse

BULAWAYO fast food outlet, Nando's, which abruptly closed shop in February this year after its veranda roof collapsed on customers and passersby - killing one - re-opened yesterday.Before officially o...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Command Agric farmers repay $67 million

Farmers contracted under the Special Maize Import Substitution Programme, commonly known as Command Agriculture, have so far repaid $67 million towards settling the cost of inputs availed to them unde...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

'No NSSA payouts for 27 900 pensioners'

Pensioners not registered under the new National Social Security Authority (NSSA) biometric system will not receive monthly payouts beginning next month when the authority increases allowances from $6...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Downtown pricing headache

THERE has been a steady increase in the prices of some commodities over the last few weeks in the country's leading retail outlets with players in the sector attributing the surge to foreign currency ...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Cash, gold stolen from exhibit room

An official in the Ministry of Justice and Legal Affairs in charge of exhibits at the Harare Magistrates' Courts allegedly stole various exhibits which included $990 and fake United States dollars.The...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

GMB faces $280m loss in looting scam

LOSS-MAKING Grain Marketing Board (GMB) is expected to incur a deficit of more than $280 million this season, in a suspected scam that is expected to benefit top Zanu-PF officials, who are reportedly ...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

ICSAZ annual conference comes to life

The Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) will host its 2017 annual conference in Victoria Falls beginning tomorrow, where delegates were expected to proffer soluti...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

CZI pushes for industry bank

THE Confederation of Zimbabwe Industries (CZI) has called for the creation of an industry-specific development bank to cater for the needs of the industrial sector.Addressing a roundtable discussion i...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

ICAZ membership grows to over 2 000

The Institute of Chartered Accountants of Zimbabwe (Icaz) has seen its membership growing to over 2 000 from 14 when the organisation was formed nearly a century ago.ICAZ president Martin Makaya said ...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

South Korea eyes Zim energy sector

A consortium of seven South Korean firms is scouting for investment opportunities in the energy sector, including investing an initial $300 million into solar plants with capacity of producing 220 meg...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Doves targets regional markets

One of Zimbabwe's largest funeral services, Doves Holdings says it intends to focus on regional expansion in South Africa, Zambia and the United Kingdom this year. Doves chairperson Engelbert Rugeje s...

By Staff reporter | Published: 20 September 2017

POLITICS

Mugabe rescues Tsvangirai?

Mystery surrounds MDC president Morgan Tsvangirai's emergency trip to South Africa amid swirling speculation that President Robert Mugabe's government paid for his chartered medical ambulance.Highly-p...

By Staff reporter | Published: 19 September 2017

POLITICS

Tsvangirai's MDC to repeal indigenisation law

Morgan Tsvangirai's MDC says it will repeal a law to force the transfer of foreign-owned firms to local ownership if it wins power in the 2018 elections.MDC shadow Finance minister Tapiwa Mashakada sa...

By Staff reporter | Published: 19 September 2017

BUSINESS NEWS

AHFoZ want representation on regulatory board

The Association of Healthcare Funders of Zimbabwe (AHFoZ) contends that Medical Aid Societies should be represented on the board of the proposed regulatory authority for the industry.In a presentation...

By Staff reporter | Published: 19 September 2017

BUSINESS NEWS

Hlanganani/Sangani expo exhibitors up 42%

THE number of exhibitors at this year's Sanganai/Hlanganani World Tourism Expo has increased  by 42 percent to 335 from 236 last year as more players seek to tap value from the tourism showcase.T...

By Staff reporter | Published: 19 September 2017

BUSINESS NEWS

Doves invests $2m in Beitbridge parlour

DOVES Holdings has invested $2 million in constructing a state-of-the-art funeral parlour in Beitbridge.The new facility houses a mortuary with a carrying capacity of 40 bodies, a chapel to accommodat...

By Staff reporter | Published: 19 September 2017

BUSINESS NEWS

New SI for cargo in transit in force

THE Government has promulgated Statutory Instrument 113 of 2017, which brings about changes to improve the management of transit cargo.The amendments follow the recent introduction by the Zimbabwe Rev...

By Staff reporter | Published: 19 September 2017

BUSINESS NEWS

IDBZ avails $700k for construction of Hwange plant

THE Infrastructure Development Bank of Zimbabwe has availed about $700 000 for the construction of Hwange's Mpumalanga waste water treatment plant.Speaking during an Environmental Management Agency (E...

By Staff reporter | Published: 18 September 2017

BUSINESS NEWS

'Signs of a collapsed economy vivid in Zimbabwe'

The 2018 presidential aspirant Dr Nkosana Moyo has said the signs of a collapsed economic situation in Zimbabwe are so vividly that people have to wish for a better government to save their lives.Zimb...

By Staff reporter | Published: 18 September 2017

BUSINESS NEWS

Ndudzo leaves IDC, Kumalo takes over

LONG serving Industrial Development Corporation of Zimbabwe Limited general manager Mr Michael Ndudzo, has left the institution after 26 years of service.IDC board chairman Mr Herbert Nkala said Mr Nd...

By Staff reporter | Published: 18 September 2017

BUSINESS NEWS

RBZ allocates forex to stem drug crisis

The Reserve Bank of Zimbabwe (RBZ) has allocated an unspecified  amount of foreign currency to the pharmaceutical industry in a frantic  move to avert a potentially devastating drug shortage...

By Staff reporter | Published: 15 September 2017

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