BUSINESS NEWS

Zim in desperate move to raise cash

Fears the economy will collapse owing to tight liquidity conditions heightened this week amid indications President Robert Mugabe's government last week ordered diamond mining companies to deposit sor...

By Staff reporter | Published: 09 May 2014

POLITICS

Repeal hostile policies, Zim told

FOR years opaque policies, policy inconsistencies, failure to protect property rights and laws such as the Indigenisation and Economic Empowerment Act, among other factors, have militated against Zimb...

By Staff reporter | Published: 09 May 2014

BUSINESS NEWS

Arrears stifling Zim growth

The World Banks says Zimbabwe's arrears with international financial institutions are stifling accelerated economic growth by limiting access to new finance. WB senior country economist Nadia Piffaret...

By Staff reporter | Published: 09 May 2014

POLITICS

Shah sues UK bank for $4m

Harare businessman Jayesh Shah is claiming more than $4 million from a British bank for the economic loss his company suffered after the latter falsely classified the funds held in his account as aris...

By Staff reporter | Published: 09 May 2014

OPINION

Wake up to a new reality

Educating yourself is to start looking at the world differently, in other words looking through the lenses of those that have gone before us. We are initiated into methods, theories and practices that...

By Regenesys | Published: 08 May 2014

BUSINESS NEWS

Zim to compel global firms to insure locally

Finance and Economic Development minister Patrick Chinamasa says government will compel international companies investing in the country to have a portion of insurance risk covered by  local insu...

By Staff reporter | Published: 08 May 2014

BUSINESS NEWS

CZI fears 'money laundered' imports

The Confederation of Zimbabwe Industries Mashonaland Chamber president Sifelani Jabangwe says that South African firms are selling goods and services at half prices in an intricate scam that borders o...

By Staff reporter | Published: 08 May 2014

BUSINESS NEWS

Brainworks makes U-turn

BRAINWORKS Capital, the advisory firm that courted public outcry after clinching a deal to advise the State in an empowerment transaction involving platinum mining giant, Zimplats Holdings, says it wi...

By Staff reporter | Published: 08 May 2014

BUSINESS NEWS

IDC deal collapses

NEGOTIATIONS between the Industrial Development Corporation of Zimbabwe (IDCZ) and South Africa's largest development finance institution, IDC, for a $10 million bailout have collapsed, a senior execu...

By Staff reporter | Published: 08 May 2014

BUSINESS NEWS

World Bank wants cut on Zim spending

The World Bank has warned Zimbabwe to abandon luxurious spending if the country's economy is to recover. World Bank's Zimbabwe-based chief economist Nadia Piffaretti on Tuesday told a Sapes Trust conf...

By Staff reporter | Published: 08 May 2014

POLITICS

Zim-EU relations thawing?

In a development that could indicate a further thawing of relations between Zimbabwe and the European Union (EU), the European Union Council on Tourism and Trade (ECTT) has unanimously awarded Zimbabw...

By Tawanda Musarurwa | Published: 07 May 2014

BUSINESS NEWS

Foreign companies externalising risk

Foreign companies operating in Zimbabwe have been accused of externalising risk as they prefer to insure their businesses with companies operating from other countries.Speaking at the ground-breaking ...

By Rumbidzayi Zinyuke | Published: 07 May 2014

OPINION

Dr Mangudya pledges to focus on RBZ mandate

Press Release issued by the Governor of the Reserve Bank, Dr John MangudyaI would like to thank His Excellency, the President, for appointing me to be the Governor of the Reserve Bank of Zimbabwe wit...

By Dr John Mangudya | Published: 07 May 2014

POLITICS

Chinamasa reassures investors

GOVERNMENT has once again signalled a major climbdown in its empowerment and indigenisation policy with Finance minister Patrick Chinamasa assuring foreign investors that no one would take 51% of thei...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

'Zim open to FDI,' says Chinamasa

ZIMBABWE is open to foreign direct investment (FDI) from anywhere in the world and is ready to re-integrate into the global economy, Finance minister Patrick Chinamasa has said.Speaking at a Sapes Tru...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

China wants Zim mineral proceeds as collateral for loans

China wants Zimbabwe to use its mineral proceeds to guarantee any future loans, a Chinese official said on Tuesday, adding that Beijing had already extended nearly $1.5 billion in the last three years...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

Companies ring alarm bells

A litany of warnings from senior executives at listed companies is signalling that Zimbabwe's economy faces significant mayhem for the next several quarters, with a recovery not likely to kick in anyt...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

Australia says Zim is a risky investment destination

Business LiveAustralia says investing in Zimbabwe is extremely risky, likening the move to swimming in the dangerous crocodile-infested Zambezi River.Matthew Neuhaus, the country's ambassador to Zimb...

By Staff reporter | Published: 07 May 2014

POLITICS

Cash package for Zim-Asset

The Chinese government is ready to provide a package to fund the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset), the economic blueprint to steer economic revival over the ne...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

'Displacing imports a huge challenge'

Displacing imports that have flooded the country on the back of a struggling manufacturing sector will be a huge challenge for local companies in the future, a top government official said on Tuesday....

By New Ziana | Published: 07 May 2014

BUSINESS NEWS

CZI in Zim-Asset familiarisation drive

The Confederation of Zimbabwe Industries will maintain the drive for private sector familiarisation with Zimbabwe Agenda for Sustainable Socio-Economic Transformation with the third workshop to discus...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

Zim firms to exhibit in SA's tourism showcase

Sixty-two Zimbabwean companies have registered to exhibit at the South African Indaba Travel Trade Show next week at the Inkosi Albert Luthuli International Convention Centre in Durban, South Africa.T...

By Staff Reporter | Published: 06 May 2014

BUSINESS NEWS

SeedCo named Employer of the Year

INDUSTRIAL Psychology Consultants (Pvt) Ltd (IPC)  has awarded Seed Co the best employee award for the year ended 2013.Seed Co was selected through a survey which was conducted by the IPC to esta...

By Staff reporter | Published: 06 May 2014

POLITICS

'MDC-T chaos spooks investors'

Veteran banker Nigel Chanakira says the leadership confusion in opposition party Movement for Democratic Change (MDC-T) will dampen investor confidence.The Zimbabwe Investment Authority chairman, who...

By Business Live | Published: 05 May 2014

OPINION

Understanding the science of business

A large number of entrepreneurs focus on their gut feel and intuition to get ahead in the game. This may not be the only or best approach, since much can be drawn from science, theory and research.Cog...

By Regenesys | Published: 05 May 2014

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