BUSINESS NEWS

NSSA in Joina City financials storm

The National Social Security Authority (NSSA) is embroiled in a financial statement storm after allegedly misleading external auditors, the public and government over the purchase of 36,21% equity wor...

By Emmerson Njanjamangezi | Published: 18 March 2014

BUSINESS NEWS

CZI seeks to arrest economic decline

THE Confederation of Zimbabwe Industries (CZI) was yesterday set to hold an emergency meeting to map ways of containing the retrogression in the economy characterised by widespread company closures an...

By Staff reporter | Published: 18 March 2014

BUSINESS NEWS

ZBC board holds first meeting

The new Zimbabwe Broadcasting Corporation (ZBC) Board held its first meeting on Monday at Pockets Hill in Harare, with focus on revamping the national broadcaster.All board members comprising the Chai...

By Staff reporter | Published: 17 March 2014

BUSINESS NEWS

PSMAS in $40m tax evasion scandal

Rich pickings by former Premier Services Medical Aid Society group chief executive officer Dr Cuthbert Dube and other senior executives may not have been taxed since 2009, it has emerged.This past wee...

By Staff reporter | Published: 17 March 2014

BUSINESS NEWS

$35 million for infrastructure development

The government and the African Development Bank (AfDB) will this week unveil a $35 million grant towards the development of infrastructure projects.The plan is being made after a Protocol of Agreement...

By Staff reporter | Published: 17 March 2014

POLITICS

'Focus more on empowerment as opposed to indigenisation'

Foreign banks may not declare dividends in the next five years as they battle to mobilise the $100 million capital requirement and therefore Government should consider promoting empowerment as oppose...

By Staff reporter | Published: 17 March 2014

BUSINESS NEWS

'Exports only way to Zimdollar return'

FOREIGN Affairs deputy minister Christopher Mutsvangwa yesterday said exports were the only way that could lead to a comeback of the Zimbabwean dollar.Addressing MPs at a workshop on ZimAsset in Harar...

By Staff reporter | Published: 14 March 2014

BUSINESS NEWS

Indigenisation policy scares away Canadian investors

CANADIAN Ambassador to Zimbabwe Lisa Stadelbauer has said investors from his country were a bit jittery over the current state of the investment climate in Zimbabwe.Addressing legislators attending a ...

By Staff reporter | Published: 14 March 2014

BUSINESS NEWS

Zinwa unbundling underway

The Ministry of Water, Environment and Climate has begun the process of unbundling the Zimbabwe National Water Authority (Zinwa). Water, Environment and Climate Minister Savior Kasukuwere told parliam...

By Staff reporter | Published: 13 March 2014

BUSINESS NEWS

World Bank willing to assist Zimbabwe

The World Bank is interested in assisting Zimbabwe in resuscitating the smallholder livestock sector to boost the national herd. The national herd stands at 5, 2 million with three quarters of it comi...

By Staff reporter | Published: 13 March 2014

OPINION

Funding Zimbabwe's economic revival

History should only serve to remind us where we have come from, but should never limit what we can become.I notice that I could have left some of my judicious readers in the lurch last week with my su...

By Vince Musewe | Published: 13 March 2014

BUSINESS NEWS

Nhema says all firms should cede shares

The Minister of Youth Development, Indigenisation and Economic Empowerment, Francis Nhema, says all companies, particularly those in mining, are obliged to contribute to the community share ownership ...

By Staff reporter | Published: 13 March 2014

BUSINESS NEWS

IMF delegation to visit Zimbabwe

A DELEGATION from the International Monetary Fund (IMF) is expected to land in Harare today to carry out an annual Article IV consultation and review progress on the fund's supervised economic reform ...

By Staff reporter | Published: 12 March 2014

POLITICS

Zimra, ZNA importing low quality uniforms from China

The Zimbabwe National Army (ZNA) and Zimbabwe Revenue Authority (ZIMRA) are reportedly importing low quality camouflages and corporate wear respectively from China, snubbing local manufacturers who ca...

By Staff reporter | Published: 12 March 2014

BUSINESS NEWS

2000 workers to lose their jobs in Zimbabwe

Over 2000 workers are set to be laid off this month with more companies earmarked to retrench more workers in the coming months, The Zimbabwe Congress of Trade Unions (ZCTU) has revealed.ZCTU secretar...

By Staff reporter | Published: 12 March 2014

BUSINESS NEWS

Government owes GMB $42 million

Government owes the Grain Marketing Board $42 million, leaving it compromised to discharge its duties effectively, parliamentarians heard yesterday.Appearing before the Parliamentary Portfolio Committ...

By Lloyd Gumbo | Published: 12 March 2014

BUSINESS NEWS

No industry budgetary support from the EU

THE European Union (EU) says it has no plans to extend budgetary support to Zimbabwe's stuttering industry.Aldo Dell' Ariccia, the union's head of delegation to Zimbabwe, said the trading bloc - set t...

By Staff reporter | Published: 11 March 2014

POLITICS

Tsvangirai tells Biti and gang to go hang

Problems bedevilling the crumbling MDC-T continue to mount as the party leader, Morgan Tsvangirai, yesterday openly told those pushing for his ouster to leave the party. It emerged that the secretary-...

By Staff reporter | Published: 10 March 2014

POLITICS

Knives out as MDC-T meets

Elton Mangoma, the MDC-T deputy treasurer, is awaiting a verdict on his future today as the MDC-T National Council leaders gather in Harare  in a bid to put to rest calls for leadership renewal r...

By Staff reporter | Published: 07 March 2014

POLITICS

Chinamasa ducks civil servants' issue

Finance Minister Patrick Chinamasa on Wednesday refused to confirm whether the government would deliver on election promises made last year for higher wages to its employees in April. Chinamasa was pu...

By Staff reporter | Published: 07 March 2014

POLITICS

'US - Zim governments not talking,' says Chinamasa

Finance Minister Patrick Chinamasa said on Wednesday relations between Zimbabwe and the United States are severely strained to the extent that the two countries are not "talking".Chinamasa, who was ad...

By New Ziana | Published: 06 March 2014

BUSINESS NEWS

Over 20 Countries for ZITF

Companies from over 20 countries are expected to participate at this year's Zimbabwe International Trade Fair (ZITF), whose preparations are already in full swing. The 55th edition of the annual trade...

By Staff reporter | Published: 06 March 2014

BUSINESS NEWS

IMF to visit Zimbabwe

The International Monetary Fund (IMF) is to send a mission to Zimbabwe this month for a review of the country's progress in implementing its Staff Monitored Programme (SMP), sources said this week. Th...

By Staff reporter | Published: 06 March 2014

BUSINESS NEWS

Zim needs $18 billion for infrastructure rehab

Zimbabwe needs about $18 billion to modernise its infrastructure and recapitalise, a top government official has said.Stanislaus Mangoma, director of Enterprise Development in the ministry of Industry...

By Staff reporter | Published: 06 March 2014

BUSINESS NEWS

China rules out Zim budgetary support

China has ruled out budgetary support to Zimbabwe.Finance minister Patrick Chinamasa, who recently returned empty-handed from Washington after being denied funding by the International Monetary Fund (...

By Staff reporter | Published: 06 March 2014

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