BUSINESS NEWS

Controversies shroud NSSA investments

THE controversies surrounding investments made by the National Social Security Authority have pointed towards some partying going on in the authority.What is sad is the seemingly wanton investment de...

By Staff reporter | Published: 04 March 2014

BUSINESS NEWS

Turkey investors keen on Zim

Turkish investors will soon pour in millions of dollars through investments into key sectors of the economy as they seize opportunities under the Zimbabwe Agenda for Sustainable Socio-Economic Transfo...

By Staff reporter | Published: 04 March 2014

BUSINESS NEWS

Zim loses $12bn to illicit deals

Zimbabwe has reportedly lost over $12 billion over the last three decades from illicit financial flows by powerful and unscrupulous international companies, agencies or individuals, Sunday Business ha...

By Sunday News | Published: 03 March 2014

BUSINESS NEWS

Improved foreign interest for ZITF 2014

The 55th edition of the Zimbabwe International Trade Fair to be held from 22-26 April 2014 has attracted an improved interest from foreign nations as compared to last`s conference, said Bhekithemba Nk...

By Staff reporter | Published: 03 March 2014

POLITICS

Bona rakes in millions

President Mugabe's daughter Bona and her husband Simba Chikore, who tied the knot at The First Family's plush and expensively-built Borrowdale Brooke home on Saturday, received a fortune that could ru...

By Staff reporter | Published: 03 March 2014

POLITICS

Bona wedding brings Borrowdale to standstill

President Mugabe's neighbours had a hell of a day yesterday being subjected to rigorous searches by gun-toting security details as First Daughter Bona, tied the knot to Simba Chikore at a splendorous ...

By Staff reporter | Published: 03 March 2014

BUSINESS NEWS

Star Lotto jackpot winner wins High Court case

Bulawayo High Court judge Justice Nokuthula Moyo has ordered Star Lotto Zimbabwe Pvt Ltd to pay Kumbirai Ruguva his August 14, 2013 rich pickings of $306 000 after more than 6 months of legal wrangli...

By Staff reporter | Published: 03 March 2014

BUSINESS NEWS

Mushayavahu opens up on $29m offshore loan

FBC Holdings Ltd boss John Mushayavanhu says he bought a 51% equity stake in Zuva Petroleum through a 15-year $29,325 million off-shore loan from Glencore, businessdigest can reveal.In an interview th...

By Staff reporter | Published: 03 March 2014

POLITICS

Grace Mugabe seize Interfresh land

THE seizure of Interfresh Holdings Ltd's Mazoe citrus estate, the group's prime land asset, by President Robert Mugabe's wife Grace has blocked external lines of credit to the firm as it emerged tradi...

By Staff reporter | Published: 03 March 2014

BUSINESS NEWS

Zinara takes over airport road construction

Government has directed the ministry of Transport and Infrastructural Development to take over the construction of the 15km stretch of road between the city centre and the Harare International Airport...

By Staff reporter | Published: 03 March 2014

OPINION

How to Build a Happy Sandpit

In this week's newsletter we look at Colin Browne's book How to Build a Happy Sandpit. Colin draws an analogy between employees and children in a sandpit. If you have a group of children who play well...

By Colin Browne I Regenesys | Published: 27 February 2014

POLITICS

Tsvangirai, Mugabe in war of words

A war of words between President Mugabe and opposition leader Morgan Tsvangirai escalated yesterday, sparking fears of rising tensions as the opposition dusts up poll rigging and violence allegations ...

By Staff reporter | Published: 27 February 2014

BUSINESS NEWS

NSSA says does not have a stake in Metropolitan Bank

NSSA has denied having invested in struggling Metropolitan Bank.Responding to questions by the Parliamentary Public Accounts Committee earlier this week, NSSA general manager James Matiza said the pen...

By Staff reporter | Published: 26 February 2014

BUSINESS NEWS

'Report on parastatal perks finalised'

The Office of the President and Cabinet (OPC) on Tuesday presented to Cabinet a report of its findings on salaries for executives of parastatals, a senior official has said.Cabinet last year directed ...

By New Ziana | Published: 26 February 2014

BUSINESS NEWS

Zim mulls energy policy

Zimbabwe is formulating an energy policy aimed at curbing excessive load shedding. The policy will focus mainly on energy efficiency and conservation. The southern African country - relying on hydro a...

By Staff reporter | Published: 26 February 2014

POLITICS

Biti fingered in $20 million NSSA scam

Former Finance Minister Tendai Biti allegedly abused his position to direct the National Social Security Authority to sink $20 million into troubled Capital Bank (formerly Renaissance Merchant Bank) ...

By Staff reporter | Published: 26 February 2014

BUSINESS NEWS

Zim-China trade tops $1.1 billion

Trade between China and Zimbabwe grew to over $1.1 billion last year as the southern African country‚Äôs reliance on the emerging Asian giant grows. Lin Lin, the Chinese ambassador to Zimbabwe, ...

By Staff reporter | Published: 26 February 2014

BUSINESS NEWS

3 estate agents suspended

3 renowned Harare-based estate agents have been suspended by the Estate Agents' Council to pave way for investigations into their operations. In a statement last week, the council said the suspe...

By Staff reporter | Published: 26 February 2014

BUSINESS NEWS

CSC on verge of collapse

The Cold Storage Company is on the brink of collapse and is left with only 600 cattle at its 9 farms across the country. This translates to 66 beasts per farm. The parastatal had thousands of ca...

By Staff reporter | Published: 26 February 2014

BUSINESS NEWS

High Court to rule on SMM

The High Court is today expected to rule on the urgency of a case in which businessman Mutumwa Mawere wants the court to determine whether Shabani Mashava Mine is under reconstruction or not. Hi...

By Staff reporter | Published: 26 February 2014

POLITICS

Mugabe calls for 100% local mine ownership

Economic empowerment does not only apply to foreign-owned companies, but also to local firms willing to partner Government in various sectors of the economy, President Mugabe has said. In an int...

By Staff reporter | Published: 26 February 2014

BUSINESS NEWS

ZITF 2014 switches dates

THE Zimbabwe International Trade Fair (ZITF) has been moved from May to April.The initial dates of 6 to 10 May, have been changed to 22 to 26 April."Please be advised that the 55th Zimbabwe Internati...

By Staff reporter | Published: 25 February 2014

POLITICS

Mugabe in U-turn

In a major and embarrassing U-turn, President Mugabe has exonerated former Zimbabwe Mining development Corporation chairperson Godwills Masimirembwa for allegedly soliciting a $6 million bribe from G...

By Staff reporter | Published: 25 February 2014

BUSINESS NEWS

PSMAS licence renewed

Embattled Premier Service Medical Aid Society has finally been granted a licence to operate, but with conditions following the resignation of the society's board of directors last Friday. Although th...

By Staff reporter | Published: 25 February 2014

BUSINESS NEWS

Zim records 75 company closures, over 9 000 job losses

A record 9 617 job losses and 75 company closures were recorded last year amid fears that the trend could escalate this year as the economy continues to shrink, the Zimbabwe Congress of Trade Unions h...

By Staff reporter | Published: 21 February 2014

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