BUSINESS NEWS

Govt mulls amending ZIA Act

Government is mulling amendments to the Zimbabwe Investment Authority Act to give legal effect to the institution as the "first and primary" port of call for all investments into the country.Amendment...

By Golden Sibanda | Published: 17 April 2014

POLITICS

Australia maintains sanctions on First Family

Australia is maintaining sanctions against President Mugabe, the First Lady Grace Mugabe and five service chiefs, the latest amended list from Canberra shows. One entity, the Zimbabwe Defence Industri...

By Staff reporter | Published: 16 April 2014

BUSINESS NEWS

Slashed perks for bigwigs month end

All chief executives of State-linked firms and local authorities will earn Cabinet-prescribed packages of $6 000 and below this month. Government formally issued the directive through the relevant lin...

By Staff reporter | Published: 16 April 2014

BUSINESS NEWS

Lack of skills hound Zim companies

Zimbabwean companies have continued to suffer as a result of the brain drain which saw the most skilled employees leaving the country for greener pastures in the past decade.The most skilled employee...

By Staff reporter | Published: 16 April 2014

BUSINESS NEWS

World Bank applauds ZimAsset

Zimbabwe's new economic blueprint ties in well with recommendations of the Doing Business Report, a World Bank official has said.World Bank business reform manager Marcus Sheurmaier said: "World Bank...

By Staff reporter | Published: 16 April 2014

BUSINESS NEWS

Different tax thresholds for small traders

The National Business Council of Zimbabwe is lobbying for different customs duty thresholds for small cross border traders to reduce the cost of getting their good into the country.Speaking at a symp...

By Staff reporter | Published: 16 April 2014

POLITICS

ZimAsset is apolitical, says Chikukwa

Minister of State for Harare Metropolitan province Miriam Chikukwa has urged opposition parties to put political differences aside when it comes to issues of national development.Addressing guests at ...

By Staff reporter | Published: 15 April 2014

BUSINESS NEWS

Bulawayo hotels fully booked for ZITF

With about a week to go before the start of the Zimbabwe International Trade Fair, most hotels in Bulawayo are reported to be fully booked for the duration of the annual trade showcase.In an interview...

By Staff reporter | Published: 15 April 2014

POLITICS

Indigenisation plans probed

Government is probing an unspecified but widespread number of indigenisation plans submitted before it after it emerged some locals were being used as fronts by foreign companies and had been paid off...

By Staff reporter | Published: 15 April 2014

BUSINESS NEWS

Mzembi urges 'sober' approach to indigenisation

Tourism and Hospitality Industry minister Walter Mzembi says the decision by the United States Fish and Wildlife Service to ban elephant trophy imports from Zimbabwe required Zimbabwe to assess its em...

By Staff reporter | Published: 15 April 2014

BUSINESS NEWS

Taxman targets informal sector

Government is working on a cocktail of measures to formalise small and medium enterprises so that they pay taxes and directly contribute to economic growth. Experts from South Korea will assist the go...

By Staff reporter | Published: 15 April 2014

BUSINESS NEWS

Zimra angles for minerals as tax

Government should get a percentage of mining companies' production as a form of tax to widen the country's revenue base, an official said today. Zimbabwe Revenue Authority commissioner general Gershem...

By Staff reporter | Published: 14 April 2014

POLITICS

'I'm the solution to Zimbabwe's crisis'

Former Prime Minister, Morgan Tsvangirai last week said he was the panacea to the country's deepening economic crisis.Addressing hundreds of villagers and party supporters in Masema, Gutu East, at the...

By Staff reporter | Published: 14 April 2014

POLITICS

'Mugabe must resign over corruption'

PRESIDENT Robert Mugabe must resign in embarrassment for failing to deal with corruption as well as misinforming the nation over graft allegations levelled against former Zimbabwe Mining and Developme...

By Staff reporter | Published: 14 April 2014

BUSINESS NEWS

Govt tightens screws on external loans

The Government has tightened screws on external loans as it seeks to avoid locking Treasury to terms that are difficult to service, a senior official in the Ministry of Finance and Economic Developmen...

By Staff reporter | Published: 14 April 2014

BUSINESS NEWS

Govt plans to revive NRZ, Sable

THE government is making frantic efforts to revive companies regarded as strategic players to the national economy, a government official has said.The companies include New Zim Steel, National Railway...

By Staff reporter | Published: 14 April 2014

BUSINESS NEWS

150 companies deregistered

More than 150 companies have been struck off the register, while over 200 have three months to prove their existence or be dissolved as the economy continues to slide under a biting liquidity crunch.I...

By Staff reporter | Published: 14 April 2014

OPINION

Buy Zimbabwe competitiveness driver

Buy Zimbabwe in conjunction with the National Economic Consultative Forum and the Ministry of Industry and Commerce hosted the Buy Zimbabwe Annual Conference last week.It was dubbed "Building competit...

By Vandudzayi Zirebwa | Published: 14 April 2014

BUSINESS NEWS

Civil servants receive back pay

SOLDIERS yesterday received their salary increments backdated to January, while other civil servants are expected to get their reviewed salaries before the end of this month.Last week, Public Service,...

By Pamela Shumba | Published: 11 April 2014

OPINION

Zim needs to build foreign currency reserves

Zimbabwe needs to build its foreign currency stock if the country is to maintain positive economic growth prospects.Foreign currency reserves typically play a significant role in leveraging a local cu...

By Staff reporter | Published: 10 April 2014

BUSINESS NEWS

Medical aid authority to be established

Government is mulling the establishment of an independent regulatory authority to supervise the operations of all medical aid societies.This was said by the Minister of Health and Child Care Dr David ...

By Staff reporter | Published: 10 April 2014

BUSINESS NEWS

Govt resuscitating SADC Lines of Credit

The Government has begun the process of resuscitating a number of lines of credit with countries in SADC. Zimbabwe's industry is currently struggling to operate at maximum capacities due to capital co...

By Staff reporter | Published: 10 April 2014

OPINION

What do you want to be?

Alan Hosking (HR Future magazine publisher)Ask any child what they want to be when they grow up and they will either say they don’t know or will give you a dreamy eyed answer. The truth is that we n...

By Alan Hosking | Published: 10 April 2014

BUSINESS NEWS

Zim trade deficit declines 9,4%

Zimbabwe's trade deficit in the two months to February declined 9,4 percent to $495,77 million from $547,26 million in the comparative period a year ago.Imports were at $966,3 million from $1,1 billio...

By Staff reporter | Published: 10 April 2014

BUSINESS NEWS

Government was biggest importer in 2013

The Government was the country's biggest importer last year, accounting for more than 60 percent of $7 billion imports.Zimbabwe has continued to have a skewed balance of trade position in over five ye...

By New Ziana | Published: 09 April 2014

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