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BUSINESS NEWS

RBZ to set up collateral registry

The Reserve Bank of Zimbabwe is in the process of setting up a collateral registry in line with the Movable Property Security Act which was recently signed into law by President Mugabe.Speaking at the...

By Staff reporter | Published: 14 August 2017

BUSINESS NEWS

National drug stocks set to improve

The country's national drug stocks are expected to improve in a few weeks following an injection of $4 million every month by Government, specifically for drug procurement, Health and Child Care Mini...

By Staff reporter | Published: 14 August 2017

MINING & RETAIL

Spar Zimbabwe sues packaging company

SPAR Zimbabwe is suing a Bulawayo packaging company for $100 000 in damages for allegedly infringing on its trademark rights by using a trademark similar to theirs.Spar Zimbabwe (Pvt) Ltd, which is re...

By Staff reporter | Published: 14 August 2017

TRANSPORT & TOURISM

Fastjet to introduce fifth Zimbabwe route

LOW-cost airline Fastjet will before the end of the year introduce a new route between Harare and Lusaka.In a statement, the airline's spokesperson Ms Faith Chaitezvi said the proposed route, which wi...

By Staff reporter | Published: 14 August 2017

TRANSPORT & TOURISM

NRZ, investor finalise contract negotiations

THE National Railways of Zimbabwe (NRZ) will this week meet its new investor, Diaspora Infrastructure Development Group (DIDG)/Transnet that has won the parastatal's $400 million recapitalisation tend...

By Staff reporter | Published: 14 August 2017

LANDS & AGRICULTURE

Wheat board pushes for new pricing system

NEWLY formed Zimbabwe Wheat Board (ZWB) is pushing for the introduction of a pricing structure in the sector, which will cater for different wheat varieties this coming marketing season.The goal is to...

By Staff reporter | Published: 14 August 2017

MINING & RETAIL

Full mining operations restored at Chiadzwa

Full mining operations have been restored at Chiadzwa diamond fields in Marange following Zimbabwe Consolidated Diamond Company (ZCDC) Private Limited's full compliance with the requirements of the En...

By Staff reporter | Published: 14 August 2017

BUSINESS NEWS

Govt to rein in health insurers

Government has begun consultations for a draft Medical Aid Societies Bill that is expected to regulate health insurers in the country if promulgated into law, Health and Child Care Secretary Dr Gerald...

By Staff reporter | Published: 14 August 2017

INDUSTRIALS & ENERGY

Cairns Foods loses $2.6m labour case

A former employee of agro-processing company Cairns Foods Limited, won an award of more than $2,6 million after he was wrongly fired from employment 25 years ago.Mr Stanford Selemani suffered a mental...

By Staff reporter | Published: 14 August 2017

BUSINESS NEWS

Zim diaspora remittances overtake FDIs

Zimbabweans in the diaspora have realised the need to invest back their funds following a 40 percent increase in remittances which have overtaken foreign direct investments (FDI) during the first half...

By Staff reporter | Published: 13 August 2017

FINANCIAL SERVICES

IDBZ gets $20 million capital injection

The government has since January injected US$20 million fresh capital in the Infrastructure Development Bank of Zimbabwe (IDBZ) to enhance its capacity in undertaking several projects across the count...

By Staff reporter | Published: 13 August 2017

POLITICS

Tsvangirai in fight for his political life

For prime minister Morgan Tsvangirai, a week in politics has proven to be too long.Opposition party leaders after singing the MDC Alliance agreement on Saturday last weekThe ink had hardly dried after...

By Staff reporter | Published: 13 August 2017

POLITICS

Mugabe's deputy poisoned, rushed to hospital

Vice-President Emmerson Mnangagwa yesterday left the venue of President Robert Mugabe's rally in Gwanda in an ambulance and was immediately airlifted to Gweru after he started vomiting amid fears he c...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

Govt identifies suppliers of fiscalisation machines

THE Government has identified nine suppliers of fiscalisation machines as it moves to improve tax revenue collection.Zimra head of corporate communications Mr Canisio Mudzimu said nine suppliers inclu...

By Staff reporter | Published: 13 August 2017

MINING & RETAIL

Millions siphoned out in shady gold deals

THE Government has launched investigations into allegations that the country might have lost millions of dollars in potential revenue through a well orchestrated syndicate involving a gold processing ...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

Industry wants to pay Zesa US7c

INDUSTRIALISTS want the Zimbabwe Electricity Supply Authority to lower tariffs by 44 percent to US7c per kilowatt hour to ensure viability.They are currently levied US9c/kWh.Confederation of Zimbabwe ...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

Environment law delays diamond mining

THE Zimbabwe Consolidated Diamond Corporation's plan to produce two million carats (400kg) by year-end seemed to be in jeopardy after it emerged last week that the State-owned entity might have to wai...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

City of Harare slashes salaries

The Harare City Council will soon slash the salaries of all workers to reduce the wage bill which is gobbling a big chunk of the local authority's revenue.The looming salary cut follows a survey by an...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

Zim prophet to release anointed US$1 notes

WHILE many charismatic church leaders are known to acquire wealth through siphoning money off their flock in various ministries, Bulawayo's Doctor Prophet Blessing Chiza, leader of Eagle Life Assembly...

By Staff reporter | Published: 13 August 2017

TELECOMS & TECHNOLOGY

EcoCash carries out maintenance work

ECONET Wireless will carry out scheduled maintenance work on its mobile money transfer platform EcoCash over the weekend to optimise the system ahead of increased transaction volumes anticipated in th...

By Staff reporter | Published: 12 August 2017

BUSINESS NEWS

EMA revokes kaylite reprieve

Supermarkets and restaurants are in a quandary after the Environmental Management Authority (EMA), revoked a three-month reprieve earlier given to expanded polystyrene ( kaylites) users following thei...

By Staff reporter | Published: 12 August 2017

BUSINESS NEWS

Govt avails $21.7m for Gwayi-Shangani Dam project

GOVERNMENT has availed $21,7 million to complete outstanding civils works at the Gwayi-Shangani Dam in Matabeleland North Province, a Cabinet Minister has said.The project which is touted as the solut...

By Staff reporter | Published: 12 August 2017

FINANCIAL SERVICES

Zimbabwe cash shortages reach alarming levels

The cash shortages in Zimbabwe have reached alarming levels to an extent where getting money has become so hard and expensive for the poor nationals.The rich and the powerful view the issue of an ordi...

By Stephen Jakes | Published: 11 August 2017

INDUSTRIALS & ENERGY

BAT Zim make adjustments to board

Cigarette manufacturer, British American Tobacco (BAT) has appointed three members to its board, while one non-executive director has left with effect from the 25th of July.Messrs Alijandro Riomayor a...

By Staff reporter | Published: 11 August 2017

ZIMBABWE

Industrials gain 1.7% week-on-week

On a week-on-week basis, the ZSE's mainstream Industrial Index improved by 1, 70 percent.In today's trades, the Industrial Index gained 0.33 points to close at 210.61 ahead of the Heroes and Defence F...

By Staff reporter | Published: 11 August 2017

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