BUSINESS NEWS

Asian giants make advance bookings for ZITF 2018

INDIAN and Chinese businesses have made advance bookings for the 2018 edition of the Zimbabwe International Trade Fair (ZITF), with organisers saying they are targeting Asian representation for the fa...

By Staff reporter | Published: 21 September 2017

BUSINESS NEWS

Zimra upgrades customs data system

THE Zimbabwe Revenue Authority (Zimra) has upgraded its Automated System for Customs Data (Asycuda) World to stamp out inherent system challenges associated with the current version.The system streaml...

By Staff reporter | Published: 21 September 2017

BUSINESS NEWS

'RBZ in weekly forex allocation'

THE Confederation of Zimbabwe Industries (CZI) has said the central bank will be releasing foreign exchange under the $600 million nostro stabilisation facility on a weekly basis, which is expected to...

By Staff reporter | Published: 21 September 2017

BUSINESS NEWS

Zim shelves Botswana pipeline sharing deal

ZIMBABWE has effectively shelved plans to extend its Feruka pipeline to Francistown, Botswana, citing viability concerns over the project, an official has said.The deal had been proposed in attempt to...

By Staff reporter | Published: 21 September 2017

BUSINESS NEWS

Man sues bus company over wife's death

A MASVINGO man has filed a $500 000 lawsuit against the owners of King Lion Motors following the death of his wife in an horrific accident involving one of the company's buses near Nyamakate in Hurung...

By Staff reporter | Published: 21 September 2017

POLITICS

US govt working on normalising ties with Zim

United States of America President, Mr Donald Trump's administration is working on improving trade with Zimbabwe.The US Ambassador to Zimbabwe, Harry K Thomas Jnr, yesterday said the administration wa...

By Staff reporter | Published: 21 September 2017

BUSINESS NEWS

Issuing of emergency passports resumes

The Registrar-General's Office has resumed issuing emergency passports and rubbished reports that it had run out of paper to print the documents due to a shortage of foreign currency.The office tempor...

By Staff reporter | Published: 21 September 2017

BUSINESS NEWS

BCC in $3.1m emergency road works

BULAWAYO City Council (BCC) has received $3,1 million from the Zimbabwe National Road Administration for emergency road works ahead of the Presidential Youth Interface Rally to be held in the city at ...

By Staff reporter | Published: 21 September 2017

BUSINESS NEWS

Castle launches national braai day

Castle Lager has launched another edition of the biggest braai activity in Zimbabwe called The Castle Lager National Braai day. This year's event will be held on October 28, 2017 at Old Hararians Spor...

By Staff reporter | Published: 21 September 2017

BUSINESS NEWS

Oil producers to negotiate soya price

Oil producers have pledged to buy 150 000 tonnes of soya beans grown under Command Agriculture, but will negotiate for a buying price of between $400 and $500 per tonne.The arrangement will be simila...

By Staff reporter | Published: 21 September 2017

BUSINESS NEWS

RBZ receives 126 drums of bond coins

The South African Mint Company (SA MINT) which is the official mint of South Africa has dispatched 126 drums of 50 cent bond coins to the Reserve Bank of Zimbabwe. The 50 cent bond coins a worth slig...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Budget consultations to begin next month

The 2018 national budget consultations will begin early next month, with a view to cover a lot of ground considering the challenges facing the economy.The consultations are critical in informing fisca...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

RBZ increases forex allocation to fuel companies

The Reserve Bank of Zimbabwe (RBZ) has increased foreign currency allocation to fuel companies from US$7 million to US$10 million weekly to ensure adequate availability of the commodity.The perceived ...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Ster-Kinekor Byo eyes bumper opening night

Ster-Kinekor Zimbabwe is ready to open its doors to the Bulawayo public tomorrow with less than 20 tickets left for the premiere night where a 3D action spy comedy The Kingsman: Golden Circle will be ...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

CZI gathers input for local content policy

INDUSTRY representative body, the Confederation of Zimbabwe Industries (CZI), is seeking input from manufacturing companies on the formulation of the local content policy.The Government and the privat...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Nando's bounces back from building collapse

BULAWAYO fast food outlet, Nando's, which abruptly closed shop in February this year after its veranda roof collapsed on customers and passersby - killing one - re-opened yesterday.Before officially o...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Command Agric farmers repay $67 million

Farmers contracted under the Special Maize Import Substitution Programme, commonly known as Command Agriculture, have so far repaid $67 million towards settling the cost of inputs availed to them unde...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

'No NSSA payouts for 27 900 pensioners'

Pensioners not registered under the new National Social Security Authority (NSSA) biometric system will not receive monthly payouts beginning next month when the authority increases allowances from $6...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Downtown pricing headache

THERE has been a steady increase in the prices of some commodities over the last few weeks in the country's leading retail outlets with players in the sector attributing the surge to foreign currency ...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

Cash, gold stolen from exhibit room

An official in the Ministry of Justice and Legal Affairs in charge of exhibits at the Harare Magistrates' Courts allegedly stole various exhibits which included $990 and fake United States dollars.The...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

GMB faces $280m loss in looting scam

LOSS-MAKING Grain Marketing Board (GMB) is expected to incur a deficit of more than $280 million this season, in a suspected scam that is expected to benefit top Zanu-PF officials, who are reportedly ...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

ICSAZ annual conference comes to life

The Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) will host its 2017 annual conference in Victoria Falls beginning tomorrow, where delegates were expected to proffer soluti...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

CZI pushes for industry bank

THE Confederation of Zimbabwe Industries (CZI) has called for the creation of an industry-specific development bank to cater for the needs of the industrial sector.Addressing a roundtable discussion i...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

ICAZ membership grows to over 2 000

The Institute of Chartered Accountants of Zimbabwe (Icaz) has seen its membership growing to over 2 000 from 14 when the organisation was formed nearly a century ago.ICAZ president Martin Makaya said ...

By Staff reporter | Published: 20 September 2017

BUSINESS NEWS

South Korea eyes Zim energy sector

A consortium of seven South Korean firms is scouting for investment opportunities in the energy sector, including investing an initial $300 million into solar plants with capacity of producing 220 meg...

By Staff reporter | Published: 20 September 2017

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