OPINION

The case for buying Zimbabwe products

AS we edge towards the Buy Zimbabwe Procurement Conference scheduled for Monday May 27, at the Meikles Hotel, the demand for decisiveness in taking practical steps to reduce the current unsustainable...

By Vandudzai Zirebwa | Published: 10 June 2013

BUSINESS NEWS

Vingirai in new effort to get Intermarket back

Nicholas Vingirai's Transnational Holdings together with Econet Wireless Holdings Limited have resuscitated their legal battle to get the former Zimbank and Intermarket takeover reversed after filin...

By Financial Express | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe insists on Zimplats land grab

Zimbabwe vowed on Wednesday it would not roll back on plans to seize 28,000 hectares of land leased to a local subsidiary of the platinum-mining giant Impala Platinum."If there is anyone who thinks t...

By AFP | Published: 10 June 2013

BUSINESS NEWS

'Zimbabwe mining rights belongs to Mugabe,' says Mutambara

MINING rights in Zimbabwe are vested in the President and acquisition of a mining title does not transfer ownership of mineral claims to the investor, Deputy Prime Minister Arthur Mutambara has said...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe to revisit mines' foreign ownership laws

Mines deputy minister Gift Chimanikire said Zimbabwe will look to revisit laws that restrict foreign ownership of mining licenses in the next two to three months, but will not seize mine assets fr...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Banking sector failing to fund agriculture

The Banking sector is facing challenges in providing adequate funds to support agricultural production, a senior bank executive has said. Speaking at the official launch of the Food and Nutrition Se...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Govt to force telecom companies to share infrastructure

GOVERNMENT is mooting a policy that forces telecommunication firms to share infrastructure in far reaching reforms set to remove the duplication in investments by operators.The move comes at a time w...

By Staff reporter | Published: 10 June 2013

POLITICS

MDC-T to maintain the US dollar currency regime for 5 years

The Movement for Democratic Change led by Prime Minister Morgan Tsvangirai has said it would maintain the current US dollar-dominated currency regime during its first five years in power if it forms ...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Air Zimbabwe flies 12 passengers to SA on board the Boeing 737

THE cash-strapped national airline Air Zimbabwe on Wednesday hit new lows as it reportedly flew with only 12 passengers on board the Boeing 737 from Harare to Johannesburg.The Boeing 737 has a carry...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Telecel management mere placeholders

Fresh details have showed that excessive shareholder control and lack of management autonomy pushed out former Telecel Zimbabwe chief executive officer Francis Mawindi from the telecommunications fi...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

The money changers of Zimbabwe, osphatheleni - video

http://www.youtube.com/watch?v=8yY-eOXzvbQ ...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Africom slapped with a $147,000 lawsuit

AFRICOM Holdings (Private) Limited has been slapped with a US$146 848 lawsuit for allegedly failing to pay for some CDMA wireless modems supplied to them by a local firm.Superpos (Pvt) Ltd claims it ...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Power shortages hamper setting up of platinum refinery, says Mimosa

Power shortages and a huge initial capital outlay of $2 billion are the major stumbling blocks to the setting up of a platinum refinery in the country, Mimosa Platinum Mines executive director Mr Her...

By Dosman Mangisi | Published: 10 June 2013

BUSINESS NEWS

Coca-cola denies accusations of propping up MDC-T's electoral chances

COCA-COLA Zimbabwe has been forced to deny accusations that a new marketing campaign for its canned drinks is designed to shore up the electoral chances of the MDC-T.The pro-Zanu PF state-run Herald ...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

'Govt should not allow Telecel to appoint a Swedish national' - AAG

THE Affirmative Action Group says Government should not allow Telecel Zimbabwe to appoint Swedish national and Canadian resident Mr John Swaim as interim managing director of the mobile phone operato...

By Golden Sibanda | Published: 10 June 2013

BUSINESS NEWS

RBZ to raise minimum capital requirements for microfinance institutions

THE Reserve Bank of Zimbabwe plans to raise minimum capital requirements for microfinance institutions from the present US$25 000 to US$5 million as part of a cocktail of measures the central bank sa...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

NSSA increases pension benefits

Those who become eligible for a social security pension after next month will, if they are earning between $350 and $700 and have been contributing to the pension scheme since its inception, receive ...

By Mike Hamilton | Published: 10 June 2013

BUSINESS NEWS

Investor interest sharpens in Imara Zimbabwe conference

The Zimbabwean government's quarterly report on the state of the economy has sharpened investor interest in the progress being made in the mining and agricultural sectors ahead of the upcoming Imara...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Emirates offers Zimbabwean travelers up to 10% discount

Emirates has announced a flash sale which will offer Zimbabwe travelers up to 10% discount on fares to selected destinations.Valid for tickets booked and purchased through Emirates website, the prom...

By Own correspondent | Published: 10 June 2013

BUSINESS NEWS

Forced indigenisation of banks is uninformed, says Gono

Central Bank Governor Gideon Gono said plans to force foreign banks to sell majority stakes to black Zimbabweans are "uninformed.""The rush to indigenize the banking sector is more driven by emotions...

By Bloomberg | Published: 10 June 2013

BUSINESS NEWS

European Investment Bank returns to Zimbabwe

THE European Investment Bank will be making a second comeback to Zimbabwe having suspended dealing with the country due to unpaid arrears accumulated by the government.Ambassador Aldo Dell'Ariccia, ...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Banks adopt conservative lending as polls loom

Local banks are expected to adopt a cautious lending approach due to the high levels of non-performing loans and uncertain economic environment as the country gears for elections later this year, a l...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Man sues Telecel for $340 000

A Harare businessman has filed a High Court application seeking an order barring Telecel Zimbabwe from running the popular Mega Promotion on the basis that it was a "stolen idea".Mr Peterson Tengende...

By Daniel Nemukuyu | Published: 10 June 2013

BUSINESS NEWS

'Our current Income Tax Act is very much in favour of the mining industry,' says Biti

GOVERNMENT wants to rationalise the tax regime so that it is not discriminatory against the poor and treat everyone fairly, a Cabinet minister has said.Finance Minister Tendai Biti said the curren...

By Staff Reporter | Published: 10 June 2013

OPINION

Can companies do business without corruption?

The chief executive of the Ethics Institute of South Africa, Professor  Geoff Rossouw, will be addressing members of the Institute of Directors tomorrow (Thursday) on the question of whether com...

By Chengetai Chinembiri | Published: 10 June 2013

Latest News

Latest Published Reports

Latest jobs