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BUSINESS NEWS

ZimTrade calls for abolition of export permits

ZIMBABWE'S national trade development and promotion organisation ZimTrade, has called on Government to abolish export permits on a long list of products as part of efforts to enhance local industry's ...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

Labour Court slams ministry for bungling

The Ministry of Public Service, Labour and Social Welfare has been slammed for bungling, which has seen the clandestine registration of a trade union without following the provisions of the law.Labour...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

$30m Mutare urban renewal project begins

Civil works have started on the $30 million urban renewal project in Mutare's Sakubva high density suburb, that will result in the demolition of old and delapidated houses and flats to pave way for hi...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

Vehicle registration charges to fall 50%

Government is finalising the slashing of transporter service fees and vehicle registration charges by almost 50 percent as part of measures to improve the Ease of Doing Business and open the sector to...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

New insurance regulations gazetted

NEWLY gazetted insurance regulations on capitalisation of insurance firms will require significant discounting of values of all quoted equities and investments in unquoted or private equity for purpos...

By Staff reporter | Published: 29 August 2017

TELECOMS & TECHNOLOGY

Institutional racism allegations hits DiData

Ex-Dimension Data chairman Andile Ngcaba is taking his former paymaster to the Commission for Conciliation, Mediation and Arbitration over alleged "discrimination and unfair remuneration practices".A...

By Staff reporter | Published: 28 August 2017

AFRICA BUSINESS

FNB has been pandering to DA politics

COSATU calls for the reinstatement of four FNB employees dismissed for exercising their right to freedom of speech.The Congress of South African Trade Unions (COSATU) condemns the unfair dismissal of ...

By Staff reporter | Published: 28 August 2017

TRANSPORT & TOURISM

Rail is key to driving trade

Railway infrastructure development is an important building block to improving trade across the Southern Africa Hinterland Territories, which comprises three landlocked countries; Malawi, Zimbabwe and...

By Agencies | Published: 28 August 2017

OPINION

New pay structure for parastatal bosses noble

I would like to applaud Government, through the Office of the President and Cabinet (OPC) for its efforts in setting new payment structure for parastatal and State enterprise bosses.The move, which is...

By Peacemaker Zano | Published: 28 August 2017

FINANCIAL SERVICES

Zim pensions industry income reaches $100m

The pensions industry recorded total income of $112 million in the first quarter ended March this year attributable to contributions, rental and investment income, the sector regulator has said.The In...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

IDBZ to commence work on road projects

The Infrastructure Development Bank of Zimbabwe is set to begin feasibility studies on the construction of the proposed Chilonga - Runde River Bridge and Boli Road project in Masvingo Province.IDBZ s...

By Staff reporter | Published: 28 August 2017

JOBS

Chief Executive Office (CEO) - ZIMSEZA

The special Economic Zones Authority is established by the special Economic Zones Act {Chapter 14:34}.The Authority, under the overall leadership of the Board, shall be responsible for the establishme...

By zimseza | Published: 28 August 2017

MINING & RETAIL

Zimplats records impressive productive capacity

Zimbabwe's largest platinum miner, Zimplats has recorded impressive strides on its productive capacity at a record 6.4 million tonnes per annum as the firm focuses on volumes to hedge against subdued...

By Staff reporter | Published: 28 August 2017

ZSE TODAY

Market Commentary 28 August 2017

INDUSTRIALSThe Industrial Index opened the week on a higher note  putting on 3.57 points (1.61%) to close at 225.65 points. DELTA (DLTA.zw) gained $0.0374 to close at  $1.3585, SIMBISA (SIM....

By zse | Published: 28 August 2017

INDUSTRIALS & ENERGY

NSSA ups stake in StarAfrica

Statutory pension fund, National Social Security Authority (Nssa), is set to increase its shareholding in Starafricacorporation (Starafrica).This was after the sugar producer said it wants to offer Ns...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

FBCH diversification pays dividends

Financial services group, FBC Holdings (FBCH), said it is now reaping rewards from its investments in various sectors of the economy.The group's chairperson, Herbert Nkala, said FBCH's six business un...

By Staff reporter | Published: 28 August 2017

INDUSTRIALS & ENERGY

Sakunda changes name to Trafigura

Sakunda Private Limited - a fully-integrated energy supplier that has grown to be the biggest fuel trader with stocks in excess of 200 million litres - is changing its name to Trafigura Zimbabwe.The T...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Obert Mpofu's company dragged to court

Total Zimbabwe (Private) Limited (Total) has dragged Macro-Economic Planning and Investment Promotion minister Obert Mpofu's company Khanondo Safaris to the High Court demanding $31 000 for diesel sup...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Zimbabwe urged to embrace GMOs

Zimbabwe has been urged to embrace genetically modified (GM) crops to improve harvests and reduce crop production costs.This comes as government has remained rigidly averse to GM crops, commonly known...

By Staff reporter | Published: 28 August 2017

AFRICA BUSINESS

Namibia expels Zimbabwean engineering expats

The Namibia government is letting go Zimbabwean engineering expatriates seconded there on a government-to-government agreement.This comes ahead of the expiry of a five-year Memorandum Of Understanding...

By Staff reporter | Published: 28 August 2017

EDUCATION

Industrial attachment for college lecturers

Government has expressed dissatisfaction at the quality of skills being churned out by technical colleges, and called on lecturers to go for industrial attachment.Higher and Tertiary Education deputy ...

By Staff reporter | Published: 28 August 2017

AFRICA BUSINESS

AfDB decentralises operations

The African Development Bank (AfDB) has opened a regional development and business delivery office in Pretoria, South Africa which will be responsible for the institution's operations in Southern Afri...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

Ecobank after tax profit up three-fold

ECOBANK Zimbabwe on Thursday said its after tax profit increased more than three-fold to $11.4 million in the half year to June, from $3.4 million in the comparable period last year, driven by an incr...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

Zim platinum miners plunged into crisis

Zimbabwean platinum miners - among them units of Impala Platinum, Sibanye Gold and Anglo Platinum - have been plunged into deeper procurement and financial hurdles after the government directed that 8...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

'Rein in institutions abusing foreign currency'

Mines and Mining Development Minister Walter Chidhakwa has appealed to the Reserve Bank of Zimbabwe to prioritise crucial external payments for the mining sector.Zimbabwe, which is using the United St...

By Staff reporter | Published: 28 August 2017

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