POLITICS

Zimbabwe - Zambia in univisa talks

Talks for the implementation of a univisa pilot project between Zimbabwe and Zambia have been set in motion with officials from the two countries expressing optimism that the development will boost t...

By Staff reporter | Published: 12 February 2014

BUSINESS NEWS

Zim Energy Council pins hope on energy indaba

The Zimbabwe Energy Council believes the forthcoming Africa Energy Indaba may unlock opportunities for the country to attract foreign investors to bankroll its $5.8 billion power generation projects. ...

By Staff reporter | Published: 12 February 2014

BUSINESS NEWS

Farmers urged to form export consortium

Local farmers should consider forming an agriculture export market consortium to enable them to penetrate foreign markets and improve their incomes, ZimTrade Bulawayo regional manager Similo Nkala has...

By Staff reporter | Published: 11 February 2014

BUSINESS NEWS

Zim to crack whip on foreign firms

Government will soon crack the whip on foreign firms fronting locals to register as indigenous companies in order to continue operating in the reserved sectors of the economy, a senior government offi...

By Staff reporter | Published: 11 February 2014

BUSINESS NEWS

Zim companies for ExpoBuild China 2014

TRADE and Investment consultancy firm, Muvambi Global (Pvt) Ltd, is mobilising Zimbabwean companies to participate at the upcoming ExpoBuild China Fair next month.ExpoBuild China 2014 will be held at ...

By Staff reporter | Published: 10 February 2014

BUSINESS NEWS

ZIA finalising special economic zone guidelines

The Zimbabwe Investment Authority (ZIA) is finalising the guidelines for establishment of special economic zones as Government moves towards attracting foreign direct investment, an official has said...

By New Ziana | Published: 11 February 2014

BUSINESS NEWS

Maize meal 12% price hike looms

ZIMBABWE'S millers have predicted a 12% hike in the price of maize meal after the government arbitrarily re-instated the Grain Marketing Board's (GMB) monopoly on grain procurement and banned private ...

By Staff reporter | Published: 10 February 2014

OPINION

Liquidity shortage in Zim is an insane figment of imagination

Those gullible and credulous among Zimbabwe's so-called experts who have long labored under the grievous misconception that there is liquidity shortage within Zimbabwe's financial system have been dea...

By Colls Ndlovu | Published: 10 February 2014

OPINION

Of CEO salaries, corporate governance, corruption

Accounting and the function of parliament in ZimbabweOf late the local media has been awash with reports of the astronomical salaries being paid to CEOs of parastatals in particular the salaries of Ha...

By Patrick Ndlovu | Published: 10 February 2014

BUSINESS NEWS

Kariba South power extension uncertain

The expansion of Kariba South Power Station is now uncertain with the Zimbabwe Power Company and Sino-Hydro of China wrangling about their contractual obligations. As such, no work has been done despi...

By Staff reporter | Published: 10 February 2014

BUSINESS NEWS

Companies to procure 50% of goods locally

ALL companies operating in the country will have to buy 50 percent of their goods and services from indigenous suppliers if ongoing amendments to the Indigenisation and Economic Empowerment Regulation...

By Staff reporter | Published: 07 February 2014

BUSINESS NEWS

Zim employees do not trust their organisations

Employee confidence in the country took a dip for the month of December, according to the latest Employee Confidence Index by Industrial Psychology Consultants (Pvt) Ltd.The Employee Confidence Index...

By Tawanda Musarurwa I BH24 | Published: 07 February 2014

BUSINESS NEWS

Industry calls for clusters to implement ZimAsset

Industry has made recommendations to Government that seek to facilitate the implementation of Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset).Articulating the resolutions of ...

By Rumbidzayi Zinyuke I BH24 | Published: 07 February 2014

POLITICS

Gvt looks into retail sector indigenisation compliance

A taskforce has been set up to inspect all retail shops operating in the country to establish their compliance with the Indigenisation and Economic Empowerment Act on reserved sectors of the economy....

By Staff reporter | Published: 07 February 2014

BUSINESS NEWS

Mutare presses for modern airport

The Manicaland Business Action Group (MBAG) has joined other business lobby groups and politicians from the eastern border city in pressing for the immediate construction of a modern airport in the r...

By Staff reporter | Published: 07 February 2014

BUSINESS NEWS

Energy boards dissolved

Energy and Power Development Minister Dzikamai Mavhaire has dissolved 8 boards of energy State enterprises, saying he was not happy with their work. The boards' terms expired on December 31, 201...

By Staff reporter | Published: 07 February 2014

POLITICS

Zimbabwe needs $27 billion for ZimAsset

Government needs to raise in excess of $27 billion to fund projects outlined in the Zimbabwe Agenda for Sustainable Socio-Economic Transformation.Zim Asset is the Government's new macro-economic polic...

By Staff reporter | Published: 05 February 2014

POLITICS

Govt authorises $400 million budget overrun

Government has authorised a $400 million budget overrun for 2013 through a statutory instrument. Patrick Chinamasa, minister of Finance and Economic Development, has drafted the Financial Adjustments ...

By Staff reporter | Published: 04 February 2014

BUSINESS NEWS

Commercial court mooted

The Reserve Bank of Zimbabwe (RBZ) is lobbying for the establishment of a Commercial Court in a frantic bid to accelerate the settling of commercial and banking-related cases, a development that will...

By Staff reporter | Published: 03 February 2014

POLITICS

Harare town clerk suspended over pay

Harare town clerk Tendai Mahachi was yesterday suspended for three months for failing to provide the salary schedule of all senior council employees.On 17 December 2013, council ordered Mahachi to pro...

By Staff reporter | Published: 31 January 2014

POLITICS

Mugabe voted AU deputy chair

President Mugabe was yesterday elected First Deputy Chair of the African Union, rendering futile a decision by the European Union not to invite him to a summit of the two blocs slated for Belgium in A...

By Staff reporter | Published: 31 January 2014

BUSINESS NEWS

Harare City swindles $6m medical aid subscriptions

The capital city's management has failed to remit $6 million in medical aid subscriptions to the Harare Municipality Medical Aid Society.Council has not remitted subscriptions for two years although i...

By Staff reporter | Published: 31 January 2014

POLITICS

Chinamasa tables Sovereign Wealth Fund Bill

Finance Minister Patrick Chinamasa yesterday tabled the Sovereign Wealth Fund of Zimbabwe Bill in the National Assembly. The Bill seeks to establish a fund administered by a board whose objective is t...

By Staff reporter | Published: 31 January 2014

BUSINESS NEWS

ZBC pension remittances ceased in 2009

ZBC has not been remitting employee pension contributions since the introduction of multiple currencies in 2009. ZBC's pensions are administered by Old Mutual.A former employee of the broadcaster, And...

By Staff reporter | Published: 31 January 2014

BUSINESS NEWS

Cuthbert Dube grossed $6.4m per year

Premier Service Medical Aid Society group chief executive officer Cuthbert Dube earned half a million dollars every month, almost twice the $230 000 initially reported, when his generous allowances ar...

By Staff reporter | Published: 31 January 2014

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