BUSINESS NEWS

Commercial court mooted

The Reserve Bank of Zimbabwe (RBZ) is lobbying for the establishment of a Commercial Court in a frantic bid to accelerate the settling of commercial and banking-related cases, a development that will...

By Staff reporter | Published: 03 February 2014

POLITICS

Harare town clerk suspended over pay

Harare town clerk Tendai Mahachi was yesterday suspended for three months for failing to provide the salary schedule of all senior council employees.On 17 December 2013, council ordered Mahachi to pro...

By Staff reporter | Published: 31 January 2014

POLITICS

Mugabe voted AU deputy chair

President Mugabe was yesterday elected First Deputy Chair of the African Union, rendering futile a decision by the European Union not to invite him to a summit of the two blocs slated for Belgium in A...

By Staff reporter | Published: 31 January 2014

BUSINESS NEWS

Harare City swindles $6m medical aid subscriptions

The capital city's management has failed to remit $6 million in medical aid subscriptions to the Harare Municipality Medical Aid Society.Council has not remitted subscriptions for two years although i...

By Staff reporter | Published: 31 January 2014

POLITICS

Chinamasa tables Sovereign Wealth Fund Bill

Finance Minister Patrick Chinamasa yesterday tabled the Sovereign Wealth Fund of Zimbabwe Bill in the National Assembly. The Bill seeks to establish a fund administered by a board whose objective is t...

By Staff reporter | Published: 31 January 2014

BUSINESS NEWS

ZBC pension remittances ceased in 2009

ZBC has not been remitting employee pension contributions since the introduction of multiple currencies in 2009. ZBC's pensions are administered by Old Mutual.A former employee of the broadcaster, And...

By Staff reporter | Published: 31 January 2014

BUSINESS NEWS

Cuthbert Dube grossed $6.4m per year

Premier Service Medical Aid Society group chief executive officer Cuthbert Dube earned half a million dollars every month, almost twice the $230 000 initially reported, when his generous allowances ar...

By Staff reporter | Published: 31 January 2014

BUSINESS NEWS

Reserve Bank of Zimbabwe reads riot act

The Reserve Bank of Zimbabwe (RBZ) has given tourism operators an ultimatum to submit tourism receipts amid concern there were rampant leakages of revenue in the sector. Presenting the monetary policy...

By Staff reporter | Published: 31 January 2014

OPINION

Are you on E yet?

If you do not have an e-learning based qualification in three to five years, you may be one of the few who hasn't. Far from being a new trend, e-learning is, faster than anticipated, becoming the stat...

By Regenesys | Published: 30 January 2014

BUSINESS NEWS

IDC mulls new bond

The Industrial Development Corporation of Zimbabwe has plans to float a bond on the Econet Wireless platform as a way of raising money from the public. Speaking before the Parliamentary portfolio Comm...

By Staff reporter | Published: 30 January 2014

BUSINESS NEWS

RBZ seeks market confidence

The Reserve Bank of Zimbabwe (RBZ) will from March this year resume its role as the banker of government as it moves to restore confidence in the financial services sector. Presenting the Monetary Pol...

By Staff reporter | Published: 30 January 2014

BUSINESS NEWS

Companies default on corporate tax

Zimbabwe's tax collector is owed over $500 million by companies through taxes making it difficult for the tax collector to meet revenue targets. This has forced the tax collector to engage government ...

By staff reporter | Published: 30 January 2014

BUSINESS NEWS

RBZ Monetary Policy Statement - Full document

Acting Governor, Charity Dhliwayo presented the 2014 Monetary Policy Statement today in which she extended the period for complying with the minimum capital of $100 million for commercial and mercha...

By RBZ | Published: 29 January 2014

BUSINESS NEWS

'No retrenchment for civil servants'

Finance and Economic Development Minister Patrick Chinamasa said on Tuesday the Government does not plan to retrench any member of the civil service to balance its budget which is skewed towards emplo...

By Staff reporter | Published: 29 January 2014

BUSINESS NEWS

Zimra introduces pre-clearance facility

The Zimbabwe Revenue Authority (Zimra) will enforce a pre-clearance facility which allows traders to clear their freight before importation of all shipments that come into the country to improve effic...

By bh24 | Published: 28 January 2014

BUSINESS NEWS

PSMAS fires Cuthbert Dube

Premier Service Medical Aid Society group CE Cuthbert Dube and the society's board chairperson Meisie Makeletso Namasasu have been booted out.The society has been in the news in recent days amid revel...

By Staff reporter | Published: 28 January 2014

BUSINESS NEWS

300 companies apply for liquidation in 2013

More than 300 companies in Bulawayo and the Midlands applied for liquidation last year alone as the operating environment continued to worsen, records from the Bulawayo High Court have shown. Official...

By Staff reporter | Published: 28 January 2014

BUSINESS NEWS

ZIA seeks partners for Beitbridge project

THE Zimbabwe Investment Authority (ZIA) is seeking partners to complete the development of its Beitbridge Industrial Park situated about five kilometres from Zimbabwe's border with South Africa.The Be...

By Business Reporter | Published: 28 January 2014

BUSINESS NEWS

Chinese energy firm to invest $160m in Zim

China Powerway Renewable Energy Company through its regional subsidiary Powerway South Africa plans to invest about $160 million in the construction of a 100MW solar plant in Zimbabwe once all the reg...

By Staff reporter | Published: 27 January 2014

BUSINESS NEWS

Consumption to drive Zim growth, says BMI

A Business Monitor International (BMI) Zimbabwe Food and Drink Report 2014 said massive remittance inflows from the large Diaspora population continued to drive private consumption in the country and ...

By Staff reporter | Published: 24 January 2014

BUSINESS NEWS

Salary cut for PSMAS bigwigs

THE Premier Service Medical Aid Society board has slashed the salaries of chief executive officer Mr Cuthbert Dube and senior management.Since September last year, Mr Dube had been taking home $230 00...

By Staff reporter | Published: 24 January 2014

BUSINESS NEWS

Jericho CEO appointed to SA's Loeries Advisory Board

Jericho Advertising Zimbabwe CEO, Denford Magora, has been appointed to The Loeries Advisory Board.Magora becomes the only Zimbabwean to ever get this honour.The Loeries are one of the Top 5 Advertisi...

By Staff reporter | Published: 23 January 2014

BUSINESS NEWS

Zimra misses revenue target

The Zimbabwe revenue Authority missed the budgeted $3,64 billion annual revenue collection target for 2013 after collecting $3,43 billion.The 6 percent variance could be attributed mainly to the miss...

By Staff reporter | Published: 23 January 2014

BUSINESS NEWS

Zimbabwe stifling its entrepreneurs - audio

Zimbabwean property entrepreneur Kura Chihota speaks to 567 CapeTalk/Talk Radio 702's Bruce Whitfield about his battle to start a company in his home country. He has since returned to South Africa aft...

By Talk Radio 702 | Published: 23 January 2014

OPINION

The strategy hierarchy

China recently posted 7% economic growth, which was higher than expected. Surprisingly, this was for the last quarter. Is your business even contemplating 7% growth per quarter? Or do you believe that...

By Regenesys | Published: 23 January 2014

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