BUSINESS NEWS

Govt in bid to save industry

Industry and Commerce Minister Mike Bimha says Government is working to save companies from collapse after seeing industry capacity utilisation plummet to 39.6% in 2013 from 44% a year ago. Bimha spok...

By Staff reporter | Published: 07 October 2013

BUSINESS NEWS

CZI bemoans high power tariffs

High electricity charges topped the list of 17 factors that the Confederation of Zimbabwe Industries cited as negatively impacting on doing business in the country. While the country continues to face...

By Staff reporter | Published: 07 October 2013

OPINION

The banking crisis in Zimbabwe

By Hope Nyandoro of Zimnat Asset Management.Zimbabwe has always been known for defying the tried and tested laws of economics, and many prominent scholars have often been puzzled as to how the count...

By Hope Nyandoro - Zimnat Asset Management | Published: 06 October 2013

BUSINESS NEWS

$13,4m projects for Victoria Falls

TOURISM players in the resort town of Victoria Falls have submitted proposals for projects worth $13,4 million to the Zimbabwe Investment Authority (ZIA) and are seeking joint partnerships in the imp...

By Staff reporter | Published: 06 October 2013

POLITICS

'Zim to forge ahead with its indigenization'

Zimbabwe will forge ahead with its indigenization and empowerment drive while ensuring economic benefits to be spread widely but not just to a selected few, a Cabinet minister said.Newly appointed Ind...

By Staff reporter | Published: 04 October 2013

BUSINESS NEWS

RBZ seeks immunity from prosecution

THE Reserve Bank of Zimbabwe has approached the Supreme Court seeking to be granted immunity from prosecution and reprieve against paying back Bindura Trojan Nickel Mine over $1 million seized from th...

By Staff reporter | Published: 04 October 2013

BUSINESS NEWS

ZCTU warns of more job cuts

THE decline in capacity utilisation levels is a sad development for companies as it is likely to result in more job cuts, Zimbabwe Congress of Trade Unions president George Nkiwane has said.Nkiwane sa...

By Business Reporter | Published: 04 October 2013

EDUCATION

Running an effective bursary scheme

Among many other things, Regenesys is a place where business and education come together; we understand how the two cannot be separated if success is to be achieved. This week, in line with our passio...

By Regenesys | Published: 03 October 2013

BUSINESS NEWS

'Number of work accidents must be reduced,' says Goche

The number of deaths and serious accidents at work are a cause for concern and must be significantly reduced, Public Service, Labour and Social Welfare Minister Nicholas Goche said on Wednesday.Openin...

By Chengetai Chinembiri | Published: 03 October 2013

EDUCATION

'Govt to revive 42 vocational training,' says Nhema

GOVERNMENT has plans to spend close to $40 million in reviving 42 vocational training centres (VTCs) for youth skills training and entrepreneurship development, a Cabinet minister has said.VTCs were m...

By Staff reporter | Published: 03 October 2013

BUSINESS NEWS

Vehicle licence fees now based on mass

Government has gazetted new vehicle licence fees based on the mass of the car to be paid through Zimbabwe National Roads Administration. According to the Government Statutory Instrument 141 of 2013, v...

By Staff reporter | Published: 03 October 2013

EDUCATION

New ATM Scam - Skimming devices

It has recently come to light that criminals are becoming more cunning in their plans to trick unsuspecting ATM users out of their funds. A new device has been discovered, images and discriptions belo...

By security web | Published: 03 October 2013

OPINION

Trade finance vital in stimulating exports

ONE of the most notable obstacles to industrial development is a weak financial market, in which producers face credit constraints and experience difficulties in finding the necessary resources to fin...

By Gift Mugano | Published: 03 October 2013

OPINION

Econet 'sabotaging' bulk SMS players

Zimbabwe's largest mobile network by subscriber base, Econet Wireless Zimbabwe, is reportedly "sabotaging" thousands of bulk SMS services in a move that has frustrated many private players as Econet ...

By Tonderai Rutsito TechSpot | Published: 03 October 2013

BUSINESS NEWS

Zimbabwe experiencing power shortfall of 563MW per day

ENERGY and Power Development Minister Dzikamai Mavhaire yesterday said Zimbabwe was experiencing a power short fall of 563 megawatts per day, a situation that calls for expansion of generation capacit...

By Staff reporter | Published: 03 October 2013

BUSINESS NEWS

Sovereign Wealth Fund plans hailed

Analysts have hailed Government's plans to set up a Sovereign Wealth Fund that is aimed at raising capital from internal resources to support wealth creating sectors to ensure sustainable economic gro...

By Business Reporter | Published: 02 October 2013

BUSINESS NEWS

Govt unveils $161m input support programme

The government has unveiled a $161 million agriculture input support programme for the 2013-2014 agricultural season with $12 million having been disbursed to settle debts owed to fertiliser and seed ...

By Staff reporter | Published: 02 October 2013

BUSINESS NEWS

Tourism officials dismiss 'Disneyland at Vic Falls' rumours

At the 2013 Zimbabwean International Travel Exchange in London, a panel promoting tourism in the country reassured those concerned that rumours of Disney rides coming to Victoria Falls were not true a...

By Alison Monday I Thesouthafrican | Published: 02 October 2013

BUSINESS NEWS

CZI launches manufacturing survey

THE Confederation of Zimbabwe Industries (CZI) will today launch the 2013 manufacturing survey at a time the sector is at its low due to stiff competition from imports that have flooded the market as ...

By Business reporter | Published: 02 October 2013

POLITICS

Zanu-PF engages business community

Zanu-PF has taken on board the business community as it intensifies the implementation of its poll promises pursuant to transforming livelihoods and turning around the country's economic fortunes. The...

By Staff reporter | Published: 02 October 2013

OPINION

Zimbabwe current account still under pressure

The country's current account remained precarious for the first half of the year against the background of declining export performance, increased imports and declining capital inflows.The contractio...

By Staff reporter | Published: 01 October 2013

BUSINESS NEWS

'Rainy season yet to start,' says Met Dept

The rains received in different parts of the country starting yesterday do not signify the onset of the rainy season, the Meteorological Services Department has said. MSD head of forecasting Tich Ziny...

By Staff reporter | Published: 01 October 2013

BUSINESS NEWS

Govt to regulate grain, oil seed industry

Government has put in place a Statutory Instrument (SI) to shore up the Agricultural Marketing Authority Act in a bid to promote marketing and fair trade practices in the grain and oil seeds industry....

By Staff reporter | Published: 01 October 2013

OPINION

Commodity exchange makes the economy efficient

Zimbabwe has a commodity exchange that is yet to start operating due to lack of funds. However the Ministry of Industry and Commerce has indicated its working to ensure that the exchange is functional...

By Staff reporter | Published: 30 September 2013

BUSINESS NEWS

Batoka Gorge project to start before year end

THE construction of the $3 billion Batoka Gorge Hydro Electricity Scheme is set to start by the end of next year after the completion of the $2.5 million access road linking Victoria Falls through Chi...

By Staff reporter | Published: 30 September 2013

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