BUSINESS NEWS

India to invest $4 million in Zimbabwe SMEs

INDIAN companies are set to invest $3,9 million towards supporting Small to Medium Enterprises, as part of efforts to forge co-operation with local businesses and creating avenues to markets for their...

By Staff reporter | Published: 11 September 2017

BUSINESS NEWS

Govt, farmers at loggerheads over rentals

Some beneficiaries of the land programme resettled under models A1 and A2 in Masvingo are set for a collision course with Government, as they have vowed not to pay land rentals pegged by the State cit...

By Staff reporter | Published: 11 September 2017

POLITICS

Angry Grace Mugabe 'buries' Mnangagwa

First lady Grace Mugabe on Saturday yesterday told a bewildered Vice-President Emmerson Mnangagwa that he risked going the same way as his predecessor Joice Mujuru if he did not rein in his supporters...

By Staff reporter | Published: 10 September 2017

POLITICS

Mugabe to name preferred successor?

President Robert Mugabe said on Saturday that he may name a preferred candidate to replace him as a bitter succession battle between his wife and the vice-president grinds on.But the 93-year-old liber...

By AFP | Published: 10 September 2017

BUSINESS NEWS

RBZ releases ANOTHER 300 million bond notes

As Zimbabwe's cash crisis worsens, the central bank will in the next two weeks release 300 million dollars' worth of new bond notes.The authorities are now threatening to arrest business people who ho...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

Forex shortages hard hit pharmaceutical industry

THE pharmaceutical industry is struggling to import critical medication due to the crippling payments gridlock in the financial services sector, a development which is likely to impact negatively to t...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

CSC revival to boost national economy

THE demise of the Cold Storage Company (CSC) had negative ripple effects to the downstream industries culminating in the closure of hundreds of companies, an official has said.Leather Institute of Zim...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

RBZ ducks bond notes mess

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says he has no power to stop the trading of bond notes on the black market.The bond notes have failed to end the cash shortages that are worsening...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

Corporate incest at Cimas

Stakeholders in Cimas Medical Aid Society are questioning the seemingly incestuous relationship between board chair Mr Mordecai Mahlangu and the law firm that has been representing the company, Gill, ...

By Staff reporter | Published: 10 September 2017

POLITICS

'Zim election won't be rigged for Zanu-PF'

The head of Zimbabwe's election body has said she has no intentions to rig polls in favour of President Robert Mugabe, 93, who has ruled the former British colony since independence in 1980.Zimbabwe E...

By Staff reporter | Published: 09 September 2017

POLITICS

Mugabe orders new voter registration in Zim

President Robert Mugabe has ordered new voter registration in all wards across the country starting from September 14 and ending on January 15 next year.According to Statutory Instrument 109 of 2017, ...

By Staff reporter | Published: 09 September 2017

BUSINESS NEWS

RBZ moves to implement collateral registry

The Reserve Bank of Zimbabwe (RBZ) has started the process to establish a collateral registry that enables people to come forward with movable property such as cattle, vehicles and house property as c...

By Staff reporter | Published: 09 September 2017

POLITICS

Zimbabwe Prosecutor-General race gets messy

THE process to select a new Prosecutor-General (PG) has run into controversy amid revelations that the short-listed candidates did not score basic minimum percentages or points required, sparking dism...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Beitbridge-Harare dualisation irregularities unearthed

FRESH questions have emerged over the costing of the US$1 billion Beitbridge-Harare highway project amid concerns of cost inflation as several irregularities surface.Government is expected to roll out...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

'Treasury Bills illegal,' says Biti

THE setting up of the Zimbabwe Asset Management Company (Zamco) to absorb non-performing loans (NPLs) and the issuance of Treasury Bills (TBs) by the Reserve Bank of Zimbabwe (RBZ) without parliamenta...

By Staff reporter | Published: 08 September 2017

OPINION

Exchange control a Zimbabwean cancer

In all the years that I worked as an economist in what was then Southern Rhodesia and subsequently in the Republic of Zimbabwe, I argued in any circles that would hear me, that exchange control was a ...

By Eddie Cross | Published: 08 September 2017

POLITICS

Mugabe to take bloated entourage to UN summit

PRESIDENT Robert Mugabe is taking a bloated entourage of more than 70 people, including his family, to the United Nations summit scheduled for September 19 to 23, which has raised the eyebrows of the ...

By Staff reporter | Published: 08 September 2017

POLITICS

Ministers in fuel scam

Two Cabinet ministers have been fingered in a suspected racket involved in the smuggling of fuel through the use of false declarations, facilitated by a clique of Zimra officials and the matter has si...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Van Hoogstraten accuses NSSA of being bully

British businessman Nicholas Van Hoogstraten has questioned the authenticity of a High Court Order awarded to Nssa which paved way for the restructuring of RTG's $10 million loan owed to the pension's...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Zimbabwe business demands reforms

BUSINESS sector representatives yesterday met President Robert Mugabe at State House in Harare to propose measures to address the deepening economic crisis, including ensuring policy coherence and con...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Zimbabwe exports up 43%

Export promotion body, Zimtrade said the economic outlook is showing an improvement in exports in 2017 compared to 2016. According to Zimtrade, Zimbabwe's total export, which stood at $1.9 billion bet...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Foreign suppliers turn screws on Zim companies

FOREIGN suppliers are reportedly cancelling credit terms with local firms, demanding cash up front before making any deliveries, as the forex crisis in the country continues unabated, industry officia...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

IPEC not competent enough for medical aid business

THE Insurance and Pensions Commission should not clamour to have medical aid societies under its regulatory purview, because it does not possess the competence and credibility to warranty such respons...

By Staff reporter | Published: 08 September 2017

EDUCATION

Govt to re-introduce students grants

THE Government is working on re-introducing grants for students at tertiary instiutions, a Cabinet Minister said yesterday.Adddressing graduates and guests at the 44th Joshua Mqabuko Nkomo Polytechnic...

By Staff reporter | Published: 08 September 2017

POLITICS

Mugabe advocates closure of non-performing parastatals

President Mugabe yesterday said non-performing parastatals and State enterprises must be dissolved as they are stifling economic growth through perennial dependence on the fiscus.He said some ailing p...

By Staff reporter | Published: 08 September 2017

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