BUSINESS NEWS

$22 million bid for Homelink

A consortium of local and foreign investors has made a bid of $22 million for Homelink Private Ltd, with the company's management and OK Zimbabwe also said to be in the race to acquire the Reserve Ban...

By Staff reporter | Published: 06 March 2014

OPINION

Discover the power of change

Better ChangeNew ventures and even existing businesses are not immune to the powers of change. Change also happens when it is least expected, and the interaction between changes can definitely lead to...

By Regenesys | Published: 06 March 2014

BUSINESS NEWS

World Bank urges Zim to reduce trade restrictions

The World Bank has urged Zimbabwean authorities to reduce trade restrictions in order to improve on its trade performance after a research found the country's exports to have drastically declined by 5...

By Staff reporter | Published: 05 March 2014

BUSINESS NEWS

Zimbabwe urged to adopt the Swiss strategy

VISITING Norwegian development economist Erik Reinert has urged Zimbabwe to adopt the Swiss strategy of splitting up share capital on voting and non-voting stock when implementing the indigenisation a...

By Staff reporter | Published: 05 March 2014

BUSINESS NEWS

Smuggling a serious concern for manufacturers

Olivine Industries managing director Jonas Mushangari has called upon Parliamentarians to put in place measures to curb smuggling of products mainly from South Africa as this was seriously hurting ind...

By Staff reporter | Published: 04 March 2014

BUSINESS NEWS

Industry calls for review of indigenisation policy

Industry has called for the Government to exclude the manufacturing sector from the indigenisation policy. The call was made by Surface Investments chairman Narottam Somani while addressing the Parlia...

By Tawanda Musarurwa | Published: 04 March 2014

BUSINESS NEWS

Zimra cuts Kereke's RMC tax liability to $1,7m

The Zimbabwe Revenue Authority (Zimra) has cut down RMC Hospital's tax bill from a whooping $4 million to $1,7m, in a development that should give some reprieve to Munyaradzi Kereke, the RMC owner.Las...

By Staff reporter | Published: 04 March 2014

BUSINESS NEWS

Controversies shroud NSSA investments

THE controversies surrounding investments made by the National Social Security Authority have pointed towards some partying going on in the authority.What is sad is the seemingly wanton investment de...

By Staff reporter | Published: 04 March 2014

BUSINESS NEWS

Turkey investors keen on Zim

Turkish investors will soon pour in millions of dollars through investments into key sectors of the economy as they seize opportunities under the Zimbabwe Agenda for Sustainable Socio-Economic Transfo...

By Staff reporter | Published: 04 March 2014

BUSINESS NEWS

Zim loses $12bn to illicit deals

Zimbabwe has reportedly lost over $12 billion over the last three decades from illicit financial flows by powerful and unscrupulous international companies, agencies or individuals, Sunday Business ha...

By Sunday News | Published: 03 March 2014

BUSINESS NEWS

Improved foreign interest for ZITF 2014

The 55th edition of the Zimbabwe International Trade Fair to be held from 22-26 April 2014 has attracted an improved interest from foreign nations as compared to last`s conference, said Bhekithemba Nk...

By Staff reporter | Published: 03 March 2014

POLITICS

Bona rakes in millions

President Mugabe's daughter Bona and her husband Simba Chikore, who tied the knot at The First Family's plush and expensively-built Borrowdale Brooke home on Saturday, received a fortune that could ru...

By Staff reporter | Published: 03 March 2014

POLITICS

Bona wedding brings Borrowdale to standstill

President Mugabe's neighbours had a hell of a day yesterday being subjected to rigorous searches by gun-toting security details as First Daughter Bona, tied the knot to Simba Chikore at a splendorous ...

By Staff reporter | Published: 03 March 2014

BUSINESS NEWS

Star Lotto jackpot winner wins High Court case

Bulawayo High Court judge Justice Nokuthula Moyo has ordered Star Lotto Zimbabwe Pvt Ltd to pay Kumbirai Ruguva his August 14, 2013 rich pickings of $306 000 after more than 6 months of legal wrangli...

By Staff reporter | Published: 03 March 2014

BUSINESS NEWS

Mushayavahu opens up on $29m offshore loan

FBC Holdings Ltd boss John Mushayavanhu says he bought a 51% equity stake in Zuva Petroleum through a 15-year $29,325 million off-shore loan from Glencore, businessdigest can reveal.In an interview th...

By Staff reporter | Published: 03 March 2014

POLITICS

Grace Mugabe seize Interfresh land

THE seizure of Interfresh Holdings Ltd's Mazoe citrus estate, the group's prime land asset, by President Robert Mugabe's wife Grace has blocked external lines of credit to the firm as it emerged tradi...

By Staff reporter | Published: 03 March 2014

BUSINESS NEWS

Zinara takes over airport road construction

Government has directed the ministry of Transport and Infrastructural Development to take over the construction of the 15km stretch of road between the city centre and the Harare International Airport...

By Staff reporter | Published: 03 March 2014

OPINION

How to Build a Happy Sandpit

In this week's newsletter we look at Colin Browne's book How to Build a Happy Sandpit. Colin draws an analogy between employees and children in a sandpit. If you have a group of children who play well...

By Colin Browne I Regenesys | Published: 27 February 2014

POLITICS

Tsvangirai, Mugabe in war of words

A war of words between President Mugabe and opposition leader Morgan Tsvangirai escalated yesterday, sparking fears of rising tensions as the opposition dusts up poll rigging and violence allegations ...

By Staff reporter | Published: 27 February 2014

BUSINESS NEWS

NSSA says does not have a stake in Metropolitan Bank

NSSA has denied having invested in struggling Metropolitan Bank.Responding to questions by the Parliamentary Public Accounts Committee earlier this week, NSSA general manager James Matiza said the pen...

By Staff reporter | Published: 26 February 2014

BUSINESS NEWS

'Report on parastatal perks finalised'

The Office of the President and Cabinet (OPC) on Tuesday presented to Cabinet a report of its findings on salaries for executives of parastatals, a senior official has said.Cabinet last year directed ...

By New Ziana | Published: 26 February 2014

BUSINESS NEWS

Zim mulls energy policy

Zimbabwe is formulating an energy policy aimed at curbing excessive load shedding. The policy will focus mainly on energy efficiency and conservation. The southern African country - relying on hydro a...

By Staff reporter | Published: 26 February 2014

POLITICS

Biti fingered in $20 million NSSA scam

Former Finance Minister Tendai Biti allegedly abused his position to direct the National Social Security Authority to sink $20 million into troubled Capital Bank (formerly Renaissance Merchant Bank) ...

By Staff reporter | Published: 26 February 2014

BUSINESS NEWS

Zim-China trade tops $1.1 billion

Trade between China and Zimbabwe grew to over $1.1 billion last year as the southern African country’s reliance on the emerging Asian giant grows. Lin Lin, the Chinese ambassador to Zimbabwe, ...

By Staff reporter | Published: 26 February 2014

BUSINESS NEWS

3 estate agents suspended

3 renowned Harare-based estate agents have been suspended by the Estate Agents' Council to pave way for investigations into their operations. In a statement last week, the council said the suspe...

By Staff reporter | Published: 26 February 2014

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