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BUSINESS NEWS

ZCTU condemns Masiyiwa for ill-treating workers

The Zimbabwe Congress of Trade Union (ZCTU) on Tuesday accused business mogul Strive Masiyiwa for ill-treating workers at his companies, Econet Wireless and Steward Bank.In a statement, ZCTU secretary...

By Staff reporter | Published: 29 August 2017

LANDS & AGRICULTURE

Zim rakes in $363m from tobacco exports

Zimbabwe has so far exported 82,7 million kilograms of tobacco worth $363, 3 million, down from $320, 3 million recorded in the same period last year, statistics from the industry regulator shows.Toba...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

Zim firms comply with global accounting policies

Zimbabwe's companies are now fully compliant with global accounting principles in their financial statements thereby providing opportunities for increased investments in the economy.Institute of Chart...

By Staff reporter | Published: 29 August 2017

FINANCIAL SERVICES

Women's Bank to start operations in October

A Zimbabwe Women's Bank is expected to start operations in October as the Reserve Bank of Zimbabwe (RBZ) edges closer in granting an operating permit to the institution.The Women in Business Forum hel...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

RTGS slump drags NPS payments

The total value of transactions processed through the National Payment System (NPS) decreased 33,3 percent to $1,2 billion in the week to August 18, from $1,6 billion in the previous week, as Real Tim...

By Staff reporter | Published: 29 August 2017

INDUSTRIALS & ENERGY

Afdis in $700,000 dividend

Spirits and winemaker African Distillers Limited (Afdis) has declared a $750 807 dividend for the year ended June 2017 buoyed by increased volumes and production.Afdis chairperson, Pearson Gowero, sai...

By Staff reporter | Published: 29 August 2017

POLITICS

Grace Mugabe ordered to stop evictions

THE Zimbabwe Human Rights Commission (ZHRC) has descended hard on First Lady Grace Mugabe and ordered her to stop her violent eviction of villagers and the hostile takeover of Arnold Farm in Mazowe fo...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

Tsvangirai told to 'come down'

MDC-T vice-president Thokozani Khupe has urged party leader Morgan Tsvangirai to defer the planned second launch of the MDC Alliance in Bulawayo on Saturday and organise an urgent meeting with his top...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

Tender for Nicoz House refurbishment

Zimre Property Investment (ZPI) will soon be going to tender for the refurbishment of Nicoz House Bulawayo into a student accommodation facility that will offer 94 beds, managing director Edson Muving...

By Staff reporter | Published: 29 August 2017

FINANCIAL SERVICES

Old Mutual to continue infrastructure investments

OLD Mutual says it will scale up investments in infrastructure development across the country as part of it's investment policy.Group chief executive officer Jonasi Mushosho said this during the commi...

By Staff reporter | Published: 29 August 2017

CONSTRUCTION & PROPERTY

Zim house prices jump over 5 years

The lowest average price of a new house (42 square metres) built by a private developer in Zimbabwe jumped to $18 000 from $10 000 between 2010 and 2015, according to findings of a survey by the Centr...

By Staff reporter | Published: 29 August 2017

TELECOMS & TECHNOLOGY

'Kwese TV never applied for a licence in Zim'

Econet Wireless' Kwese TV has never applied for a licence to distribute foreign television content in Zimbabwe, and players in the industry are baffled where discussions around that matter are coming ...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

Unicef warns of fake job offers

The United Nations Children's Fund (Unicef) has warned the public against fraudsters who are charging people money to apply for non-existent jobs at the UN agency.Speaking in a telephone interview, Un...

By Staff reporter | Published: 29 August 2017

ZIMBABWE

Zim trade deficit narrows to $1.2bn in 7 months

ZIMBABWE'S trade deficit narrowed by 21 percent to $1,2 billion in the first seven months of the year, latest trade data from the statistics agency shows.Figures from the Zimbabwe Statistics Agency (Z...

By Staff reporter | Published: 29 August 2017

MINING & RETAIL

Coal miners sued over $3,885 million debt

COAL mining firm, Zambezi Gas Zimbabwe (Pvt) Ltd, has been dragged to court by NR Barber (Pvt) Ltd over a $3,885 million debt for services rendered at Ithuba Mine in Hwange, a few years ago.Through it...

By Staff reporter | Published: 29 August 2017

INDUSTRIALS & ENERGY

Zimbabwe secures $1 billion for Zisco revival

THE Government has secured a $1 billion investment for the revival of the country's largest steel maker, the Zimbabwe Iron and Steel Company (Ziscosteel), from a Chinese company, that will see one mil...

By Staff reporter | Published: 29 August 2017

FINANCIAL SERVICES

MetBank acquires $6.8m investment properties

A LOCAL commercial bank, Metbank has acquired investment properties worth $6.8 million through the settlement of various loan exposures.In a financial statement for the half year ended June 30, 2017, ...

By Staff reporter | Published: 29 August 2017

TRANSPORT & TOURISM

'Zim has a lot to offer in terms of tourism'

PRESIDENT Mugabe yesterday said Zimbabwe has a lot to offer in terms of tourism as he invited international and local guests to sample the country's resorts.Officiating at the ongoing 67th World Healt...

By Staff reporter | Published: 29 August 2017

INDUSTRIALS & ENERGY

High rentals hamper engineering firm's operations

LOCAL engineering firm, White Site Engineering is struggling to make a breakthrough as a result of high rentals and lack of affordable working capital.Management made an appeal for assistance to Gover...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

'Bulawayo 'lacks' creative entrepreneurs'

INDUSTRY expert and United Refineries chief executive, Mr Busisa Moyo, has challenged Bulawayo entrepreneurs to "soul search" and come up with creative business ideas that will help develop the city's...

By Staff reporter | Published: 29 August 2017

EDUCATION

Zinasu blasts 'exclusionary' loans

THE Zimbabwe National Students' Union (Zinasu) yesterday said the newly-launched Higher and Tertiary Education loan facility was exclusionary as students with parents who have no pay-cheque will not b...

By Staff reporter | Published: 29 August 2017

ZIMBABWE

Gold set to make Zim economy self-sufficient

THE Reserve Bank of Zimbabwe (RBZ) says the production of about four tonnes of gold a month could help the country's economy become more self-sufficient.Speaking to guests at a fundraising dinner host...

By Staff reporter | Published: 29 August 2017

INDUSTRIALS & ENERGY

Door open for ethanol licences

THE Zimbabwe Energy Regulatory Authority (Zera) has said players who have the capacity to do mandatory blending should apply for licences, as the regulations were open for more players.Zera chief exec...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

Unpaid contributions affect pension funds

The quality of assets for stand-alone pension funds was greatly compromised as of March 31, 2017 owing to a significant proportion of unpaid contributions amounting to $407,958 million, the Insurance ...

By Staff reporter | Published: 29 August 2017

INDUSTRIALS & ENERGY

Merlin ready to resume operations

DEFUNCT textile firm Merlin Limited has expressed readiness to resume operations on a joint venture basis and hopes to exit judicial management within 12 months of operations.The Bulawayo-based entity...

By Staff reporter | Published: 29 August 2017

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