BUSINESS NEWS

Doves targets regional markets

One of Zimbabwe's largest funeral services, Doves Holdings says it intends to focus on regional expansion in South Africa, Zambia and the United Kingdom this year. Doves chairperson Engelbert Rugeje s...

By Staff reporter | Published: 20 September 2017

POLITICS

Mugabe rescues Tsvangirai?

Mystery surrounds MDC president Morgan Tsvangirai's emergency trip to South Africa amid swirling speculation that President Robert Mugabe's government paid for his chartered medical ambulance.Highly-p...

By Staff reporter | Published: 19 September 2017

POLITICS

Tsvangirai's MDC to repeal indigenisation law

Morgan Tsvangirai's MDC says it will repeal a law to force the transfer of foreign-owned firms to local ownership if it wins power in the 2018 elections.MDC shadow Finance minister Tapiwa Mashakada sa...

By Staff reporter | Published: 19 September 2017

BUSINESS NEWS

AHFoZ want representation on regulatory board

The Association of Healthcare Funders of Zimbabwe (AHFoZ) contends that Medical Aid Societies should be represented on the board of the proposed regulatory authority for the industry.In a presentation...

By Staff reporter | Published: 19 September 2017

BUSINESS NEWS

Hlanganani/Sangani expo exhibitors up 42%

THE number of exhibitors at this year's Sanganai/Hlanganani World Tourism Expo has increased  by 42 percent to 335 from 236 last year as more players seek to tap value from the tourism showcase.T...

By Staff reporter | Published: 19 September 2017

BUSINESS NEWS

Doves invests $2m in Beitbridge parlour

DOVES Holdings has invested $2 million in constructing a state-of-the-art funeral parlour in Beitbridge.The new facility houses a mortuary with a carrying capacity of 40 bodies, a chapel to accommodat...

By Staff reporter | Published: 19 September 2017

BUSINESS NEWS

New SI for cargo in transit in force

THE Government has promulgated Statutory Instrument 113 of 2017, which brings about changes to improve the management of transit cargo.The amendments follow the recent introduction by the Zimbabwe Rev...

By Staff reporter | Published: 19 September 2017

BUSINESS NEWS

IDBZ avails $700k for construction of Hwange plant

THE Infrastructure Development Bank of Zimbabwe has availed about $700 000 for the construction of Hwange's Mpumalanga waste water treatment plant.Speaking during an Environmental Management Agency (E...

By Staff reporter | Published: 18 September 2017

BUSINESS NEWS

'Signs of a collapsed economy vivid in Zimbabwe'

The 2018 presidential aspirant Dr Nkosana Moyo has said the signs of a collapsed economic situation in Zimbabwe are so vividly that people have to wish for a better government to save their lives.Zimb...

By Staff reporter | Published: 18 September 2017

BUSINESS NEWS

Ndudzo leaves IDC, Kumalo takes over

LONG serving Industrial Development Corporation of Zimbabwe Limited general manager Mr Michael Ndudzo, has left the institution after 26 years of service.IDC board chairman Mr Herbert Nkala said Mr Nd...

By Staff reporter | Published: 18 September 2017

BUSINESS NEWS

RBZ allocates forex to stem drug crisis

The Reserve Bank of Zimbabwe (RBZ) has allocated an unspecified  amount of foreign currency to the pharmaceutical industry in a frantic  move to avert a potentially devastating drug shortage...

By Staff reporter | Published: 15 September 2017

BUSINESS NEWS

Business as usual for Zim's silent mining execs

Mining executives in Zimbabwe rarely speak out these days. They have been criticised for not effectively voicing investor concerns about the country's regulatory and operating framework.But who can bl...

By Staff reporter | Published: 15 September 2017

BUSINESS NEWS

Works to increase Beitbridge electricity supply

THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is working on constructing a bigger substation to supply electricity to Beitbridge and a poly clinic.ZETDC system development man...

By Staff reporter | Published: 15 September 2017

BUSINESS NEWS

97 parastatals pay govt measly dividend of $1.7m

Shocking revelations were made this week before Parliament by State Enterprises Restructuring Agency (SERA) executive director Edgar Nyoni that only two State enterprises and parastatals (SEPs) paid d...

By Staff reporter | Published: 15 September 2017

BUSINESS NEWS

Labour draft bill finalised

Government has finalised a draft of the amended Labour Act and will soon be discussed at the Tripartite Negotiating Forum. A raft of proposed changes have been made to the Labour Act. Employers' Confe...

By Staff reporter | Published: 15 September 2017

BUSINESS NEWS

Confusion reigns over Harare-Beitbridge dualisation

Confusion is reigning over the $1 billion dualisation of the Harare-Beitbridge highway as conflicting statements have emerged on the granting of tax concessions o the contractor, Geiger International....

By Staff reporter | Published: 15 September 2017

BUSINESS NEWS

RBZ rejects upwards review of forex retention

RBZ has rejected a request from platinum and chrome producers to have their foreign currency retention threshold increased from 20 percent, but assured them of timely disbursements of hard currency up...

By Staff reporter | Published: 15 September 2017

BUSINESS NEWS

Transit traffic drops on e-tracking system

THE Zimbabwe Revenue Authority (Zimra) says transit traffic has dropped by 60% since the introduction of the Electronic Cargo Tracking System (ECTS), showing many were involved in transit smuggling.Th...

By Staff reporter | Published: 15 September 2017

BUSINESS NEWS

Vehicle scandal rocks Traffic Safety Council

Traffic Safety Council of Zimbabwe (TSCZ) managing director Obio Chinyere is embroiled in a scandal for allegedly selling a company vehicle in contravention of laid down procedures.An internal audit c...

By Staff reporter | Published: 15 September 2017

BUSINESS NEWS

Zimbabwe in national branding exercise

Government has embarked on a national branding exercise, with six key pillars expected to improve the battered image of the country, Minister of Tourism and Hospitality Industry, Walter Mzembi, has sa...

By Staff reporter | Published: 14 September 2017

BUSINESS NEWS

Business courts elusive Mugabe

US President Donald Trump's first big meeting, three days after his inauguration, was with the chief executives of America's 12 largest corporations. A decidedly pro-business president, Trump used the...

By Staff reporter | Published: 14 September 2017

BUSINESS NEWS

Forex payments backlog nears $600m, says RBZ

ZIMBABWE'S international payments backlog has surged by over 200 percent to $570 million, from $186 million in May, central bank governor John Mangudya has said, as the country's foreign exchange shor...

By Staff reporter | Published: 14 September 2017

POLITICS

'Business interface with Mugabe fruitful'

THE Confederation of Zimbabwe Industries (CZI) has described its meeting with President Robert Mugabe last week as fruitful, despite criticism that the business delegation failed to robustly engage hi...

By Staff reporter | Published: 14 September 2017

BUSINESS NEWS

Emergency passports suspended over forex

THE Registrar General's (RG) department has suspended issuing emergency passports, as ongoing foreign currency shortages continue to affect key public and commercial operations.Zimbabwe is grappling w...

By Staff reporter | Published: 14 September 2017

BUSINESS NEWS

Ray Goba appointed Prosecutor-General

President Mugabe has with immediate effect appointed Advocate Ray Hamilton Goba as substantive Prosecutor-General (PG) following the dismissal of Mr Johannes Tomana on account of gross incompetence a...

By Staff reporter | Published: 14 September 2017

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