BUSINESS NEWS

State-owned enterprises keep turnaround deadline

State Owned Enterprises and Parastatals have complied with Government's March 31, 2018 deadline to submit their re-organisation and turnaround plans. Government, through various line ministries, last ...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Foreign investors struggle to take out dividends

The foreign currency backlog for transactions conducted on the Zimbabwe Stock Exchange (ZSE) stood at $164 million, as of February 20, 2018, as the shortage of hard currency in the country keeps const...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Employers fight compensation claims

Employers have resolved to partner Wintertons Legal Practitioners to fight cases of compensation demands by workers fired for misconduct.Section 12 of the Labour Amendment Act Number 5 of 2015 entitle...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Parastatals refuse to avail staff complement

The Labour and Social Welfare ministry is facing resistance from government's 90 parastatals to avail the exact number of people they employ. Speaking at a workshop on strategies for employment promot...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Mnangagwa intervenes on ZimAirways scandal

PRESIDENT Emmerson Mnangagwa has ordered Transport minister Jorum Gumbo to bring home Zimbabwe Airways (ZimAirways) planes secretly bought using public funds, while government investigates the dodgy d...

By Staff reporter | Published: 06 April 2018

OPINION

Credible polls critical to investors

ALTHOUGH President Emmerson Mnangagwa has travelled to 12 countries since his seizure of power in a bid to engage, seek legitimacy, bring investment and source funds for polls, his efforts will come t...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Former Zinara bosses further remanded

THE State yesterday further remanded former Zimbabwe National Road Administration (Zinara) bosses Moses Juma and Davison Norupiri who are being charged with criminal abuse of office to April 27 pendin...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Zimbabwe should adopt the South African rand

ZIMBABWE should adopt the South African rand as its official currency on an interim basis as a way of stabilising the economy, deputy Finance Minister Terrence Mukupe has said.This also comes as the ...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Rushed Mnangagwa could cost Zim $1.1billion

ZIMBABWE could lose approximately $1,1 billion in annual revenue if it ratifies the African Continental Free Trade Area (AfCFTA), inked by President Emmerson Mnangagwa in Rwanda about two weeks ago, e...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Mutsvangwa's son appointed to Ariston board

SPECIAL advisor to President Emmerson Mnangagwa, Chris Mutsvangwa's son Neville has been appointed to the Ariston Holdings board by the National Social Security Authority (NSSA).The appointment is wit...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Zimbabwe scores 12th on MICE rankings

ZIMBABWE took 12th spot on a continental ranking for hosting meetings, conferences and exhibitions, the Zimbabwe Tourism Authority (ZTA) has announced.The ZTA said the International Congress and Conve...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Zim sits on $25 million in unclaimed pensions

PENSION funds have $25 million in unclaimed pensions from nearly 25 000 pensioners, the majority of whom are migrants, an Insurance and Pensions Commission (IPEC) official has disclosed.For the sector...

By Staff reporter | Published: 05 April 2018

EDUCATION

Teachers snub Mnangagwa

VARIOUS teachers' unions falling under the newly-formed Federation of Zimbabwe Educators' Unions (Fozeu) have snubbed a consultative meeting organised by the government to address their grievances, sa...

By Staff reporter | Published: 05 April 2018

POLITICS

Mujuru fails to pay $387,000 for tractors

Former vice president and National People's Party (NPP) leader Joice Mujuru has been dragged to the High Court for failing to pay $387 000 in a tractors deal. Peppy Motors trading as Agritech, Sabrina...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

CZI hosts business linkages workshop

THE Confederation of Zimbabwe Industries (CZI) is set to host a business linkages and small-to-medium enterprises (SMEs) development workshop, to foster strong business relations for mutual benefit.In...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Plumtree High inferno exposes fire brigade

PROPERTY worth thousands of dollars went up in smoke as fire destroyed a double-storey hostel at Plumtree High School.Witnesses said the damage could have been minimised had Plumtree's fire department...

By Staff reporter | Published: 05 April 2018

POLITICS

Mnangagwa expects China visit to spur economic growth

President Emmerson Mnangagwa has said his State visit to China has been very successful and has given momentum to Zimbabwe's thrust of rebuilding the economy .The State visit began on Monday and ends ...

By Staff reporter | Published: 05 April 2018

POLITICS

Grace Mugabe accused of invading mine

Former First Lady Mrs Grace Mugabe invaded a mining claim owned by Mr Shepherd Nyazvigo and his partners at Smithfield Farm in Mazowe four years ago and threatened them not to take the issue to the me...

By Staff reporter | Published: 05 April 2018

POLITICS

Mnangagwa to visit Beitbridge

President Emmerson Mnangagwa will soon visit Beitbridge to assess the state of irrigation schemes and engage local farmers on the challenges affecting production, a Government official said yesterday....

By Staff reporter | Published: 05 April 2018

OPINION

Buy local to restore Zimbabwe's wealth, pride

The Buy Local message is an ongoing call to action for the public and private sector, all businesses in the country, all government entities and ordinary consumers to restore a Zimbabwe with pride, we...

By Vandudzai Zirebwa | Published: 05 April 2018

POLITICS

State visit a huge success, says Mnangagwa

President Emmerson Mnangagwa has said his State visit to China has been very successful and has given momentum to Zimbabwe's thrust of rebuilding the economy .The State visit began on Monday and ends ...

By Staff reporter | Published: 05 April 2018

POLITICS

Race for Zanu-PF ticket hots up

Zanu-PF members interested in contesting in the May 5 primary elections have begun submitting their curricula vitae (CVS) across the country ahead of today's deadline. By last night, some members were...

By Staff reporter | Published: 05 April 2018

POLITICS

Mnangagwa says, 'days of sloganeering are over'

Zanu-PF President and First Secretary Emmerson Mnangagwa has castigated the elevation of some party members to positions of authority simply because they can recite a slogan, saying those days were ov...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Indians mull barter to ease forex woes

The Indian business community has proposed the use of barter trade with their Zimbabwean counterparts, to ease the foreign exchange crisis bedevilling the economy.In an interview on the sidelines of t...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

'Employment data grossly underrepresented'

LABOUR expert, Godfrey Kanyenze yesterday said the absence of up-to-date scientific labour market data was frustrating efforts to address the country's rising unemployment levels.Kanyenze, who heads t...

By Staff reporter | Published: 05 April 2018

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