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INDUSTRIALS & ENERGY

Edgars unsure about Zim business prospects

Clothing retailer Edgars Stores Zimbabwe is uncertain about the recovery prospects and future stability of the Zimbabwe's economy, despite the conclusion of elections and the swearing in of a new cab...

By Business reporter | Published: 19 September 2013

POLITICS

Mugabe to block export of raw materials

PRESIDENT Mugabe has underscored the need to add value on Zimbabwe's raw minerals before exporting.Mugabe said Government would no longer allow firms to continue exporting raw minerals with no value a...

By Staff reporter | Published: 19 September 2013

MINING & RETAIL

PPC Zimbabwe retrenches

BULAWAYO-BASED cement producer Pretoria Portland Cement (PPC) Zimbabwe has initiated a voluntary retrenchment exercise that will result in at least 100 employees leaving, a clear sign firms continue f...

By Staff reporter | Published: 19 September 2013

AFRICA BUSINESS

Kenya wants to host a clearing house for China's yuan

Nairobi - Kenya wants to host a clearing house for China's yuan currency - a bold African first that would deepen the continent's ties with Beijing, already a big investor from The Cape to Cairo.Such...

By Reuters | Published: 18 September 2013

AFRICA BUSINESS

SA banks face headwinds but stable

Johannesburg - The South African banking system remains stable and well-positioned, despite international headwinds, a major professional services firm reported on Wednesday."Notwithstanding some int...

By Sapa | Published: 18 September 2013

BUSINESS NEWS

15 Zim firms to participate at Indonesia Expo

Fifteen Zimbabwean firms will participate at the 28th Trade Expo Indonesia next month to increase trade in various sectors of the economy.The participation of Zimbabwean firms at this year's Indonesia...

By Staff reporter | Published: 18 September 2013

EDUCATION

UZ BOOST team heads for Mexico

The University of Zimbabwe BOOST - Enactus team that won the national finals held in July will represent the country at this year's world cup finals in Mexico at the end of this month.Building Opport...

By Staff reporter | Published: 18 September 2013

BUSINESS NEWS

IDC revives bid to recover $62m from Romanian Govt

The Industrial Development Corporation of Zimbabwe Limited (IDCZ) has revived its bid to recover $62 million from the Romanian government as compensation for a failed joint sheet glass manufacturing ...

By Business reporter | Published: 18 September 2013

TELECOMS & TECHNOLOGY

Econet approve share buyback

ECONET Wireless Zimbabwe shareholders on Tuesday approved directors' proposal to buy back a maximum 10 percent of the firm's shares.Shareholders endorsed the proposal and two other main resolutions at...

By Staff reporter | Published: 18 September 2013

LANDS & AGRICULTURE

Dairibord top line seen flat

FINANCIAL analysts foresee dairy processor Dairibord Holdings' revenue remaining almost flat around $108 million this year following slow growth in its top line during the first half of its financial ...

By Staff reporter | Published: 18 September 2013

BUSINESS NEWS

ZNCC calls for removal of duty on imported raw materials

Zimbabwe National Chamber of Commerce (ZNCC) vice-president Mr Davison Norupiri has called for the immediate review of duty on imported raw materials.Speaking at the New Government, new policies, and ...

By Staff reporter | Published: 18 September 2013

FINANCIAL SERVICES

THI insurance eyes East Africa market

THI insurance Zimbabwe is planning to expand its crop insurance business into East African market as it seeks to grow its book. Speaking at the insurance company's 75th anniversary celebrations in Har...

By Staff reporter | Published: 18 September 2013

POLITICS

Tsvangirai announces MDC-T shadow cabinet

Former Prime Minister and MDC-T leader Morgan Tsvangirai today announced the structure of his party's shadow cabinet. Announcing the shadow cabinet, Tsvangirai said the purpose of this 'Executive Str...

By Staff reporter | Published: 18 September 2013

AMERICAS

BlackBerry unveils the Z30 as its new flagship

Toronto - BlackBerry launched its new Z30 flagship smartphone on Wednesday, as it battles to win back market share despite uncertainty around its future.Once a pioneer in the smartphone arena, BlackBe...

By Reuters | Published: 18 September 2013

ZSE TODAY

Industrials extend recovery in midweek trades

Industrials extended their recovery on Wednesday spurred by gains in selected counters although trading activity remains largely subdued.The Industrials Index gained 0.41 points or 0.22% to 188.56 as ...

By Staff reporter | Published: 18 September 2013

AFRICA BUSINESS

South Africa mining bill sparks controversy

JOHANNESBURG - South Africa is open to amending a controversial mining bill that has alarmed the industry at a time when mining companies are already battling on several fronts, government members hav...

By FT | Published: 18 September 2013

EDUCATION

CSZ Summer School 2013 website launched

The Computer Society of Zimbabwe has launched an interactive and informative website for the upcoming Regional Summer School.With 10 open sessions covering up-to-date topics of concern to all ICT deci...

By Staff reporter | Published: 18 September 2013

INDUSTRIALS & ENERGY

E20 petrol blending to become mandatory in Zim

Zimbabwe is working on introducing mandatory blending of petrol to the levels of E20 (a mixture of 80% petrol and 20% anhydrous ethanol), President Robert Mugabe has said.Speaking at the official ope...

By fin24 | Published: 18 September 2013

AFRICA BUSINESS

SA inflation shoots up to 6.4%

Johannesburg - Consumer inflation in South Africa accelerated to 6.4% year-on-year in August from 6.3% in July, data showed on Wednesday.Economists had expected year-on-year inflation of 6.45%.On a mo...

By Reuters | Published: 18 September 2013

TELECOMS & TECHNOLOGY

Potraz cancels Spiritage Communication licence

THE Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) has cancelled the operating licence of Valley Technologies (Pvt) Ltd after the company failed to pay a licensing and spectrum...

By Staff reporter | Published: 18 September 2013

MINING & RETAIL

Kamativi tin project to start production in 2014

JOHANNESBURG - Aim-listed Premier African Minerals is aiming to start low-cost production at its flagship RHA tungsten project, in the Kamativi tin belt, in Zimbabwe, during the second half of 2014, f...

By miningweekly.com | Published: 18 September 2013

BUSINESS NEWS

Zimra sets taxes deadline

ZIMBABWE REVENUE AUTHORITY (Zimra)has set the end of this month as the deadline for the payment of third quarter taxes.In a public notice yesterday, Zimra said all clients whose taxable income include...

By Business reporter | Published: 18 September 2013

INDUSTRIALS & ENERGY

Shoprite quits trading in Zimbabwe

South Africa's retail outlet Shoprite has closed shop at the Bulawayo Centre amid revelations local business mogul Raji Modi, owner of Bellevue Spar, has taken over the business to open another outlet...

By Staff reporter | Published: 18 September 2013

OPINION

Who really rescued the Zim economy? Biti or Chinamasa

In the last decade, good governance and sensible policy-making have been in short supply in Harare. But in 2009, at least one good decision was made: to scrap the failed Zimbabwean dollar in favour of...

By Simon Allison | Published: 18 September 2013

ZIMBABWE

Zimbabwe talks tough on taxes

Zimbabwe's tax commissioner says the government wants to turn around following the damage cause by 15 years of de-industrialisation and investment outflows, but this does not mean going soft on tax pe...

By Staff reporter | Published: 18 September 2013

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