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BUSINESS NEWS

Performance contracts for parastatals boards

The government is moving to introduce performance contracts for all parastatal board members, amid indications that failure to sign the contracts inside two months of appointment will be punishable by...

By Staff reporter | Published: 25 July 2017

TRANSPORT & TOURISM

Air Zimbabwe privatization under threat

Government's plans to privatise national carrier, Air Zimbabwe, may be in for a bumpy ride amid indications that the airline's major creditors are moving to stop the transition.Insiders who spoke to t...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

IMF warns Zimbabwe on Command Agriculture

THE International Monetary Fund (IMF) has warned the government on the command agriculture programme, saying excessive public spending, if continued, could exacerbate cash scarcity, further jeopardise...

By Staff reporter | Published: 25 July 2017

OPINION

The impact of Zim's additional bond notes

The recent media reports that the Reserve Bank of Zimbabwe (RBZ) plans to inject more bond notes into the economy are unsurprising as no permanent solution to the country's cash crisis is yet found.De...

By Persistence Gwanyanya | Published: 25 July 2017

BUSINESS NEWS

Zim's competitiveness commission board named

INDUSTRY and Commerce minister Mike Bimha yesterday announced the National Competitiveness Commission Board (NCCB), saying the economy needs to start running, as it can "no longer afford to walk".Bimh...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

'No cash shortages in Zimbabwe,' says Chinamasa

FINANCE minister Patrick Chinamasa yesterday described the current cash shortages as a mirage, saying the government was satisfied with the prevailing liquidity position obtaining in the country.Addre...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

$200m Zimbabwe infrastructure fund unveiled

Johannesburg Stock Exchange listed Ecsponent Limited's controlling shareholder and Brainworks Capital founder George Manyere has unveiled a $200 million investment fund targeting key infrastructure pr...

By Staff reporter | Published: 25 July 2017

MINING & RETAIL

Zim platinum producers urged to invest in refining facilities

MINES minister Walter Chidakwa has called on platinum producers to invest in refining facilities, to enable the country to draw maximum benefit from its mineral resources.In a speech read on his behal...

By Staff reporter | Published: 25 July 2017

TELECOMS & TECHNOLOGY

NetOne free to hire new CEO

NetOne can now recruit a substantive chief executive officer without glitches after the High Court yesterday dismissed with costs an urgent interdict application by the firm's ex-boss, Mr Reward Kanga...

By Staff reporter | Published: 25 July 2017

TELECOMS & TECHNOLOGY

Zim mobile industry generates $200m in revenue

Zimbabwe's mobile network industry has grown to become a significant sector of the economy, generating close to $200 million in quarterly revenues and a sizable profits for the three network operators...

By Staff reporter | Published: 25 July 2017

TRANSPORT & TOURISM

Ethiopian Airlines claims $30,500 from travel agency

ETHIOPIAN Airlines has taken a local travel agency, Haven Travel and Tours (Pvt) Ltd, to court on charges of failing to remit $30 500 in ticket sales.The airline, through its lawyers Kanokanga and Par...

By Staff reporter | Published: 25 July 2017

LANDS & AGRICULTURE

Maize deliveries pour in

THE Grain Marketing Board is receiving an average 90 000 tonnes of maize a week with Government yesterday saying deliveries were fast approaching the 500 000 tonnes required for the Strategy Grain Res...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

'Don't pay bribes to Zimra'

THE Zimbabwe Revenue Authority (Zimra) says it desperately needs partnership with other stakeholders to fight rampant smuggling and corruption at the ports of entry and along the country's borders, an...

By Staff reporter | Published: 25 July 2017

MINING & RETAIL

179 small-scale miners benefit from $40m GDI

FIDELITY Printers and Refiners has so far disbursed $30 million to 179 small-scale miners across the country under the $40 million Gold Development Initiative.Towards the end of last year, the Reserve...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

Chinamasa calls for patience on Zimbabwe revival

FINANCE and Economic Development Minister Patrick Chinamasa has called for patience among Zimbabweans, saying total economic revival cannot be achieved overnight.Speaking at the Institute of Chartered...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

Work with mining sector, industry urged

MANUFACTURING industries should take advantage of renewed momentum in the mining sector to create a strong supply chain synergy that will boost their earnings, Industry and Commerce Deputy Minister, C...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

Zimra struggles to curb smuggling

THE Zimbabwe Revenue Authority (Zimra) says it desperately needs partnerships with other stakeholders to fight rampant smuggling and corruption at the ports of entry and along the country's borders.Th...

By Staff reporter | Published: 25 July 2017

MINING & RETAIL

Small-scale miners praised for 'local' uptake

GOVERNMENT has showered praises on small-scale miners for their support for locally produced products.Industry and Commerce Minister Dr Mike Bimha said local procurement was critical towards building ...

By Staff reporter | Published: 25 July 2017

FINANCIAL SERVICES

FBC Insurance targets growth with SSP

FBC Insurance has chosen to support the growth of its Zimbabwean general insurance business in line with its strategic objectives using SSP's digital insurance platform, SSP Pure Insurance.SSP Pure In...

By Agncies | Published: 24 July 2017

TELECOMS & TECHNOLOGY

TelOne on reforestation mission

TELONE have embarked on a reforestation journey targeting 56 000 trees by December this year.Addressing delegates at Nyamhunga Township where TelOne handed over 100 bins to Kariba Municipality, TelOne...

By Staff reporter | Published: 24 July 2017

ZIMBABWE

Zim to achieve 3.7% economic growth

The Macro-Economic and Financial Management Institute for Eastern and Southern Africa(MEFMI) says Zimbabwe is on course to achieve the 3.7 percent growth rate this year on the back of policies to resu...

By Staff reporter | Published: 24 July 2017

BUSINESS NEWS

Mangudya to unveil midterm monetary policy review

The Reserve Bank of Zimbabwe (RBZ) will soon be releasing a midterm monetary policy review providing details on the impact of its policies on economic recovery.The midterm monetary policy review is ex...

By Staff reporter | Published: 24 July 2017

TELECOMS & TECHNOLOGY

Kangai application dismissed

Reward Kangai's urgent chamber application to get an interdict to stop the recruitment of a CEO for NetOne was denied with costs.The judge also pointed out that Mr Kangai could not have had a legitima...

By Staff reporter | Published: 24 July 2017

ZSE TODAY

Market Commentary 24 July 2017

INDUSTRIALSThe Industrial Index continued in the positive trend as it gained 0.42 points (0.21%) to settle at 200.46 points. CFI (CFI.zw) advanced by $0.0620 to close at $0.3725; MEIKLES (MEIK.zw) ros...

By zse | Published: 24 July 2017

MINING & RETAIL

Unki mine unit costs decline as output rises

Anglo American Platinum (Amplats) announced on Monday that production from Unki mine in Zimbabwe increased by 5% to a new production record of 38,400 ounces compared to the comparable period productio...

By Ngoni Shenjere | Published: 25 July 2017

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