BUSINESS NEWS

Biti to deliver State of the Economy Address

Opposition Peoples' Democratic Party (PDP)'s president Tendai Biti will next week deliver the second edition of the State of the Economy Address (SEA) in Harare at a venue to be announced in due cours...

By Staff reporter | Published: 11 August 2017

OPINION

How to Invest in the Zimbabwe Capital Market

Zimbabweans work hard for every dollar they make, hustling to make an honest living. "The hustle" also known in Shona as "kukiya-kiya" or "ukuphanda" in SiNdebele, has become the common practice of h...

By zse | Published: 11 August 2017

BUSINESS NEWS

Indiscipline rampant in the Zim economy

The Reserve Bank of Zimbabwe (RBZ) has announced a number of measures to curtail the economic problems crippling the country. One of the headaches is to contain the foreign currency shortages and the ...

By Staff reporter | Published: 11 August 2017

BUSINESS NEWS

Zim companies dodge standards certification

A majority of Zimbabwean firms' products and systems are not certified to national or global quality standards, with only 140 out of a possible 5 000 having taken certification standards, according to...

By Staff reporter | Published: 11 August 2017

BUSINESS NEWS

SAZ seeks to enforce standards within SMEs

The Standards Association of Zimbabwe (SAZ) is engaging an Indian partner in the roll out of national programme aimed at promoting the adherence to standards among the small to medium enterprises sect...

By Staff reporter | Published: 10 August 2017

BUSINESS NEWS

SMEs register for tax amnesty

THE Zimbabwe Revenue Authority (Zimra) says over 15 000 small to medium enterprises (SMEs) registered their businesses during a tax amnesty window granted to the sector to regularise their tax records...

By Staff reporter | Published: 10 August 2017

BUSINESS NEWS

Zimbabwe tired of rand adoption talk

RESERVE Bank of Zimbabwe governor, John Mangudya, has said Zimbabwe was unlikely to adopt the South African rand because this would create chaos and destabilise the economy.Zimbabwe adopted a multiple...

By Staff reporter | Published: 10 August 2017

EDUCATION

Mugabe brews $1 billion university shocker

ZIMBABWE'S cash-strapped government has approved a $1 billion grant to a university to be built in honour of President Robert Mugabe, a Cabinet Minister disclosed yesterday.Jonathan Moyo, the Minister...

By Staff reporter | Published: 10 August 2017

EDUCATION

Gono acquires Heritage School

Former RBZ Governor and businessman Gideon Gono has acquired a majority shareholding in the Heritage School, one of the country's leading private schools. Through his Family Foundation, Gono now owns ...

By Staff reporter | Published: 10 August 2017

BUSINESS NEWS

Sadc trade ministers to meet in SA

Industry and Commerce Minister Dr Mike Bimha will this month attend a high level Southern African Development Community (Sadc) Committee of Ministers of Trade meeting in South Africa.The meeting is ex...

By Staff reporter | Published: 10 August 2017

BUSINESS NEWS

Fuel fraud costs Zimbabwe $240m

ZIMBABWE could be losing at least $240 million annually to fuel fraud while globally at least $40 billion is lost to smuggling activities associated with subsidies, tax and price differentials worldwi...

By Staff reporter | Published: 10 August 2017

BUSINESS NEWS

Govt to swoop on shops selling illegal imports

GOVERNMENT will raid shops selling unlicensed imported products, as part of sophisticated measures targeting dealers fuelling the demand for contraband, to curtail smuggling and pluck leakages prejudi...

By Staff reporter | Published: 10 August 2017

BUSINESS NEWS

RBZ secures $600 million nostro facility

The Reserve Bank of Zimbabwe has negotiated for an enhanced nostro stabilisation facility of $600m from Afreximbank to manage the cyclical nature of Zimbabwe's foreign exchange receipts.Economic exper...

By Staff reporter | Published: 09 August 2017

BUSINESS NEWS

Zimbabwe imports rise 4%

Zimbabwe's imports rose by 4 percent from  $2,07 billion recorded during the first five months of 2016 to US$2,14 billion during the same period in 2017.The main imports are motor vehicles and m...

By Staff reporter | Published: 09 August 2017

BUSINESS NEWS

Forex dealers rule the roost amid Zim cash crisis

ILLEGAL foreign currency traders - popularly known as osiphatheleni - are flourishing in Bulawayo, as desperate Zimbabweans flock to them in attempts to access cash.While police descend on the money d...

By Staff reporter | Published: 09 August 2017

OPINION

WATCH: KFC employment saga debate

The KFC Employment Saga with Affirmative Action Group Regional President Mr Reginald Shoko and Ibhetshu Likazulu Secretary Mr Mbuso Fuzwayo....

By Staff reporter | Published: 09 August 2017

OPINION

Recapitalisation to breathe life into NRZ

THE $400 million National Railways of Zimbabwe (NRZ) recapitalisation project has put the limelight on the country's rail utility as it gears for revitalisation.Some people are asking if the NRZ is st...

By Nyasha Maravanyika | Published: 09 August 2017

EDUCATION

Zimsec June O, A-Level results out

Zimbabwe Schools Examinations Council Ordinary and Advanced Level results are out and have been dispatched to regional offices for collection.In a statement yesterday, Zimsec director Mr Esau Nhandara...

By Staff reporter | Published: 09 August 2017

BUSINESS NEWS

Landmark ruling for fired thousands

THOUSANDS of workers who were fired on three months' notice without their consent after the 2015 Zuva Petroleum judgment, are now entitled to reinstatement or payment of damages after the Labour Court...

By Staff reporter | Published: 09 August 2017

BUSINESS NEWS

Drug-resistant HIV worries Government

Thirty-five percent of people on antiretroviral drugs in Zimbabwe are on second line treatment either because they are not recovering on first line treatment or they are reacting to treatment, Health ...

By Staff reporter | Published: 09 August 2017

POLITICS

Kaukonde files $100,000 lawsuit against Zimpapers

Former Zanu PF Mashonaland East provincial chairperson, Ray Joseph Kaukonde, has filed a $100 000 lawsuit against Zimbabwe Newspapers (Zimpapers), after one of the stable's titles, The Sunday Mail, pu...

By Staff reporter | Published: 09 August 2017

BUSINESS NEWS

Zim urged to act fast on dualisation

Zimbabwe stands to lose millions of dollars in transit fees if it does not expedite the dualisation of the long-awaited 900km Beitbridge-Harare-Chirundu highway, one of Southern Africa's main trunk ro...

By Staff reporter | Published: 09 August 2017

POLITICS

Tsvangirai moves to avert another MDC-T split

OPPOSITION MDC-T leader Morgan Tsvangirai yesterday swiftly moved in to avert yet another deadly split within his party as he lashed out at "rogue" activists who brutally assaulted several top officia...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

Zimra online system collapses

CLEARANCE of goods at the country's border posts has reportedly been at a standstill since Friday following a technical hitch with the customs and excise department's automated system, also known as ...

By Staff reporter | Published: 08 August 2017

POLITICS

Chinamasa won't order another debt write-off

FINANCE minister Patrick Chinamasa yesterday said government had learnt from its past mistakes and would not order another debt write-off on local authorities as the majority were failing to recover ...

By Staff reporter | Published: 08 August 2017

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