BUSINESS NEWS

Zim to benefit from $100m Indian facility

Zimbabwean companies will be able to purchase equipment from India through a $100 million credit facility that the Asian country has availed, a Cabinet Minister has said. Industry and Commerce Ministe...

By Staff reporter | Published: 31 March 2014

BUSINESS NEWS

IMF committed to assisting Zimbabwe

THE International Monetary Fund is committed to assisting Zimbabwe with stronger macro-economic policies and will continue to monitor the country's progress until June.The Bretton Woods institution sa...

By Conrad Mwanawashe | Published: 28 March 2014

BUSINESS NEWS

Masiyiwa named under world's 50 greatest leaders

Econet Wireless founder and chairman Strive Masiyiwa has been ranked among the top 50 greatest world leaders by CNN's Fortune magazine.In a list released last week, Masiyiwa is on number 35 out of 50'...

By Staff reporter | Published: 27 March 2014

BUSINESS NEWS

Zimbabwe requests more time from IMF

ZIMBABWE has requested more time from International Monetary Fund (IMF) to manage its wage bill as it could result in retrenchments of civil servants, a government official has said.In an update follo...

By Staff reporter | Published: 27 March 2014

OPINION

Customisation is key to maximise returns on training for organisations

There was a time, not too long ago, when training and education budgets were one of the first cost cutting targets for businesses facing tough economic times. In this week's newsletter, we look at the...

By Regenesys | Published: 27 March 2014

POLITICS

IMF wants Zimbabwe to do more

ZIMBABWE is fulfilling terms of a payment plan it entered into with international financiers towards clearing the $6,1 billion global debt that it owes them, Finance Minister Patrick Chinamasa has sai...

By Conrad Mwanawashe | Published: 27 March 2014

POLITICS

'No cuts to public sector wage bill,' says Chinamasa

Zimbabwe is not prepared to slash its public sector wage bill to meet debt-reduction plans agreed with the IMF because it will involve too many job cuts, the finance minister said on Wednesday.The Int...

By Reuters | Published: 26 March 2014

BUSINESS NEWS

Chinese bank grants Zim $218m

China Exim Bank has granted Zimbabwe a $218 million loan to finance installation of a national mobile broadband network ecosystem, businessdaily has learnt.Chinese firm Huawei Technologies (Huawei), t...

By Staff reporter | Published: 26 March 2014

POLITICS

ZCTU rejects labour law review proposals

Government and labour are headed for a showdown following the announcement by Finance minister, Patrick Chinamasa, that Cabinet was mulling reviewing labour regulations. Chinamasa said Cabinet had agr...

By Staff reporter | Published: 25 March 2014

BUSINESS NEWS

IMF re-opens Harare office

The International Monetary Fund (IMF) is set to re-open its local office later this year, a decade after its closure, signalling the warming of relations between the global lender and Zimbabwe. IMF de...

By Staff reporter | Published: 25 March 2014

BUSINESS NEWS

Business, labour endorse Dr Mangudya

New RBZ Governor John Mangudya has the right qualifications and experience to lead the central bank, and his appointment inspires confidence in the market, business and labour leaders said yesterday. ...

By Staff reporter | Published: 25 March 2014

BUSINESS NEWS

Zim remittance recipients are unbanked

A study has revealed that almost half of Zimbabwean remittance recipients are unbanked.The study released by the International Journal of Management and Humanity Sciences was based on a survey of 203 ...

By Staff reporter | Published: 20 March 2014

BUSINESS NEWS

Ministry in financial mess

The Comptroller and Auditor  General's office has unearthed glaring financial irregularities at the ministry of Transport and Infrastructural Development, among them, the failure in two consecuti...

By Staff reporter | Published: 20 March 2014

BUSINESS NEWS

Govt salary cuts could trigger lawsuits

GOVERNMENT could face an avalanche of lawsuits after it unilaterally slashed salaries and allowances of parastatal bosses to a mere $6 000 per month, labour law experts warned yesterday.According to e...

By Staff reporter | Published: 20 March 2014

BUSINESS NEWS

Taxman cheated in Salarygate

State enterprises and municipal bosses, implicated in the on-going Salarygate scam might have prejudiced government of millions of dollars in possible tax revenue.Chinamasa told journalist on Tuesday ...

By Staff reporter | Published: 20 March 2014

BUSINESS NEWS

Zim govt cancels import and export licences

The Ministry of Industry and Commerce has cancelled all import and Export licences with effect from last week.Industry and Commerce minister Mike Bimha said holders of the old import and export licenc...

By Staff reporter | Published: 20 March 2014

OPINION

Are you an emotional labourer?

Emotional labourSome jobs have more emotional content than others. In this week's newsletter we look at the concept known as 'emotional labour', describing an aspect of all of our jobs where we deal w...

By Regenesys | Published: 20 March 2014

BUSINESS NEWS

Zim fails to utilise dry port facility in Namibia

Zimbabwe has been urged to develop its dry port facilities in Namibia in order to increase its trade reach to the international market.A dry port is an inland terminal directly connected by road or ra...

By Rumbidzai Mashayahanya | Published: 19 March 2014

BUSINESS NEWS

CZI reviews companies performance

THE Confederation of Zimbabwe Industries (CZI) is assessing the performance and status of its 300-strong members in view of the economic challenges companies in the country are facing.In an interview ...

By Staff reporter | Published: 19 March 2014

BUSINESS NEWS

Salaries and benefits of Parastatal bosses

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By Staff reporter | Published: 19 March 2014

POLITICS

Govt cuts pay, perks for CEOs

Government has slashed salaries and perks for parastatal and local authorities' bosses to $6,000 monthly, pending finalisation of a comprehensive salary structure being crafted by the Cabinet Committe...

By Tendai Mugabe | Published: 19 March 2014

BUSINESS NEWS

IMF team in Zim for progress monitoring

A five member International Monetary Fund (IMF) comprising economists is in the country for the first Article IV consultations visit and Staff Monitoring Programme (SMP).The second visit is set for Oc...

By Staff reporter | Published: 18 March 2014

POLITICS

Kasukuwere cannot run a ministry

Savior Kasukuwere made international news headlines during the inclusive government when he campaigned vigorously for the Indigenisation of foreign-owned firms in the country.One does not need to be a...

By Staff reporter | Published: 18 March 2014

BUSINESS NEWS

France to resume lending to Zimbabwe

Direct government to government co-operation between France and  Zimbabwe will resume before the end of the year, French Ambassador to Zimbabwe, Laurent Delahousse has said.Delahousse told a Zimb...

By Staff reporter | Published: 18 March 2014

BUSINESS NEWS

Zinara to raise $47m for roads

THE Zimbabwe National Road Administration (Zinara) plans to raise $47 million revenue this year through the fuel levy which will be channelled towards road rehabilitation and maintenance, a government...

By Staff reporter | Published: 18 March 2014

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