BUSINESS NEWS

Zimra surpasses revenue target

THE Zimbabwe Revenue Authority (Zimra) has surpassed the revenue projection for first quarter by two percent to $834,6 million against a target of $817,9 million. In a statement, Zimra commissioner ge...

By Staff reporter | Published: 05 May 2014

BUSINESS NEWS

Zimbabwe unable to clear international debt

The Minister of Finance and Economic Development, Patrick Chinamasa says government has no capacity to clear its international arrears and principal debts with the Bretton Woods institutions that incl...

By Staff reporter | Published: 25 April 2014

BUSINESS NEWS

Zim cannot afford a National Ports Authority

Government should shelve the idea of establishing a National Ports Authority until it can afford to undertake such a project without straining the country's fiscus, an official said.Zimbabwe Revenue A...

By Staff reporter | Published: 25 April 2014

BUSINESS NEWS

'Zimdollar not imminent'

ZIMBABWE'S multi-currency regime will remain for the foreseeable future, the government said last night, trashing reports that its return was imminent.Deputy Information Minister Supa Mandiwanzira, sp...

By Staff reporter | Published: 25 April 2014

POLITICS

Biti predicts Zimdollar return fears

THE ZIMBABWEAN government will be forced to reintroduce the Zimbabwe dollar as a desperate attempt to expunge growing domestic debt and manage its wage bill, former finance minister  Tendai Biti ...

By Staff reporter | Published: 25 April 2014

BUSINESS NEWS

IDC grapples with $14m diaspora bond

THE Industrial Development Corporation of Zimbabwe (IDC), a commercial arm of government, has failed to repay CBZ Holdings Limited, through which it raised $13,5 million in diaspora bonds two years ag...

By Staff reporter | Published: 25 April 2014

BUSINESS NEWS

Zimbabwe scrambles for rescue package

Zimbabwe's government is scrambling to re-establish lines of credit pledged by Southern African Development Community (SADC) member countries four years ago, as it seeks to rescue the faltering econom...

By Staff reporter | Published: 25 April 2014

BUSINESS NEWS

Govt blows $730 million in 3 months

Economic analysts say government's recurrent expenditure that accounts for 95 percent of total expenditure is a reflection of revenue underperformance and must be dealt with as a matter of urgency.Gov...

By Staff reporter | Published: 24 April 2014

POLITICS

US freezes Zim embassy account

FINANCE Minister Patrick Chinamasa yesterday confronted US Ambassador to Zimbabwe Bruce Wharton over his country's recent tightening of its sanctions regime that saw the addition of one company and se...

By Staff reporter | Published: 24 April 2014

BUSINESS NEWS

Local products genuine, says SAZ

COMPANIES should embrace the standardisation of goods and services to promote the export sector and reduce reliance on cheap imported products, Standards Association of Zimbabwe (SAZ) chairman, Trust ...

By Staff reporter | Published: 24 April 2014

BUSINESS NEWS

'Zim an attractive prospect,' says Imara

Stockbrokers Imara Edwards Zimbabwe say that Zimbabwe is at an opportune moment to attract foreign investment.Imara is one of the largest asset managers in Zimbabwe, managing segregated portfolios for...

By Staff reporter | Published: 23 April 2014

BUSINESS NEWS

Zim imported 206k cars worth over $606m

ZIMBABWEANS imported 206,519 cars worth over $606 million between January and November last year, shock new statistics reveal.Finance and Economic Development Minister Patrick Chinamasa says the unreg...

By Staff reporter | Published: 23 April 2014

POLITICS

Chinese raise questions over indigenisation

Mashonaland West Provincial Affairs minister Faber Chidarikire has pledged free land to the Chinese in exchange for major investment in agriculture. Chidarikire told a Chinese delegation led by deputy...

By Staff reporter | Published: 23 April 2014

POLITICS

Empowerment policies flexible

Indigenisation and economic empowerment policies are not cast in stone and foreigners can hold majority shareholding in any enterprise depending on the nature of their investment, the President has sa...

By Staff reporter | Published: 23 April 2014

BUSINESS NEWS

SA firms keen to revive Bulawayo industry

A SOUTH AFRICAN delegation yesterday met Bulawayo Mayor Councillor Martin Moyo seeking to create partnerships that could lead to the revival of local industries.Speaking after a brief meeting, Clr Moy...

By Sithandazile Moyo | Published: 23 April 2014

BUSINESS NEWS

US returns to ZITF after long absence

The number of countries participating at this year's 55th edition of the Zimbabwe International Trade Fair has marginally increased to 19 with the United States of America returning after a long absen...

By Martin Kadzere | Published: 23 April 2014

BUSINESS NEWS

ZITF roars into life

The 55th edition of the Zimbabwe International Trade Fair roars into life in Bulawayo today with President Mugabe expected to officially open the fair on Friday.Due to unforeseen circumstances, Congo...

By Staff reporter | Published: 23 April 2014

BUSINESS NEWS

Shops record low business on Easter

THE Easter Holiday has come and gone, leaving business operators counting their losses. A snap survey by Chronicle at different businesses showed that business was low and sales had gone down compared...

By Staff reporter | Published: 22 April 2014

BUSINESS NEWS

Cabinet approves CAAZ unbundling

CABINET has approved a plan to unbundle the Civil Aviation Authority of Zimbabwe (CAAZ) into two entities, a move which is expected to create a competitive regional aviation hub in the country.CAAZ, w...

By Staff reporter | Published: 17 April 2014

POLITICS

Cabinet reshuffle wont get Zim out of the woods

Former deputy Justice minister Obert Gutu has dismissed recent speculation on President Robert Mugabe's planned cabinet reshuffle saying the move would not improve the country in any way.Gutu who is a...

By Staff reporter | Published: 17 April 2014

POLITICS

Mugabe to shake up his Cabinet

PRESIDENT Robert Mugabe is mulling a roots and branch shake-up of his Cabinet, informed in part by the poor performance of some of his lieutenants and lately the apparent lack of self-restraint and in...

By Staff reporter | Published: 17 April 2014

BUSINESS NEWS

New investment projects implementation slow

The Zimbabwe Investment Authority says less than 50 percent of approved investment projects in the country are implemented as the FDI inflows remain suppressed.In the past, several projects have been ...

By Staff reporter | Published: 17 April 2014

OPINION

Understanding your Business Model Canvas

According to Investopedia, a business model is a 'plan implemented by a company to generate revenue and make a profit from operations. The model includes the components and functions of the business, ...

By Regenesys | Published: 17 April 2014

POLITICS

'Emulate developed nations,' says Chinamasa

FINANCE minister Patrick Chinamasa has said for Zimbabwe to prosper economically, the country has to study and understand how other nations have managed to develop.Speaking at the Zimbabwe Special Eco...

By Staff reporter | Published: 17 April 2014

BUSINESS NEWS

Zimra raids NSSA

THE National Social Security Authority (NSSA) is the latest organisation to be hit by the Zimbabwe Revenue Authority raids on tax-defaulting companies, NewsDay reported.The authority's bank accounts w...

By Staff reporter | Published: 17 April 2014

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