POLITICS

Chinamasa reassures investors

GOVERNMENT has once again signalled a major climbdown in its empowerment and indigenisation policy with Finance minister Patrick Chinamasa assuring foreign investors that no one would take 51% of thei...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

'Zim open to FDI,' says Chinamasa

ZIMBABWE is open to foreign direct investment (FDI) from anywhere in the world and is ready to re-integrate into the global economy, Finance minister Patrick Chinamasa has said.Speaking at a Sapes Tru...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

China wants Zim mineral proceeds as collateral for loans

China wants Zimbabwe to use its mineral proceeds to guarantee any future loans, a Chinese official said on Tuesday, adding that Beijing had already extended nearly $1.5 billion in the last three years...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

Companies ring alarm bells

A litany of warnings from senior executives at listed companies is signalling that Zimbabwe's economy faces significant mayhem for the next several quarters, with a recovery not likely to kick in anyt...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

Australia says Zim is a risky investment destination

Business LiveAustralia says investing in Zimbabwe is extremely risky, likening the move to swimming in the dangerous crocodile-infested Zambezi River.Matthew Neuhaus, the country's ambassador to Zimb...

By Staff reporter | Published: 07 May 2014

POLITICS

Cash package for Zim-Asset

The Chinese government is ready to provide a package to fund the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset), the economic blueprint to steer economic revival over the ne...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

'Displacing imports a huge challenge'

Displacing imports that have flooded the country on the back of a struggling manufacturing sector will be a huge challenge for local companies in the future, a top government official said on Tuesday....

By New Ziana | Published: 07 May 2014

BUSINESS NEWS

CZI in Zim-Asset familiarisation drive

The Confederation of Zimbabwe Industries will maintain the drive for private sector familiarisation with Zimbabwe Agenda for Sustainable Socio-Economic Transformation with the third workshop to discus...

By Staff reporter | Published: 07 May 2014

BUSINESS NEWS

Zim firms to exhibit in SA's tourism showcase

Sixty-two Zimbabwean companies have registered to exhibit at the South African Indaba Travel Trade Show next week at the Inkosi Albert Luthuli International Convention Centre in Durban, South Africa.T...

By Staff Reporter | Published: 06 May 2014

BUSINESS NEWS

SeedCo named Employer of the Year

INDUSTRIAL Psychology Consultants (Pvt) Ltd (IPC)  has awarded Seed Co the best employee award for the year ended 2013.Seed Co was selected through a survey which was conducted by the IPC to esta...

By Staff reporter | Published: 06 May 2014

POLITICS

'MDC-T chaos spooks investors'

Veteran banker Nigel Chanakira says the leadership confusion in opposition party Movement for Democratic Change (MDC-T) will dampen investor confidence.The Zimbabwe Investment Authority chairman, who...

By Business Live | Published: 05 May 2014

OPINION

Understanding the science of business

A large number of entrepreneurs focus on their gut feel and intuition to get ahead in the game. This may not be the only or best approach, since much can be drawn from science, theory and research.Cog...

By Regenesys | Published: 05 May 2014

BUSINESS NEWS

Zimra surpasses revenue target

THE Zimbabwe Revenue Authority (Zimra) has surpassed the revenue projection for first quarter by two percent to $834,6 million against a target of $817,9 million. In a statement, Zimra commissioner ge...

By Staff reporter | Published: 05 May 2014

BUSINESS NEWS

Zimbabwe unable to clear international debt

The Minister of Finance and Economic Development, Patrick Chinamasa says government has no capacity to clear its international arrears and principal debts with the Bretton Woods institutions that incl...

By Staff reporter | Published: 25 April 2014

BUSINESS NEWS

Zim cannot afford a National Ports Authority

Government should shelve the idea of establishing a National Ports Authority until it can afford to undertake such a project without straining the country's fiscus, an official said.Zimbabwe Revenue A...

By Staff reporter | Published: 25 April 2014

BUSINESS NEWS

'Zimdollar not imminent'

ZIMBABWE'S multi-currency regime will remain for the foreseeable future, the government said last night, trashing reports that its return was imminent.Deputy Information Minister Supa Mandiwanzira, sp...

By Staff reporter | Published: 25 April 2014

POLITICS

Biti predicts Zimdollar return fears

THE ZIMBABWEAN government will be forced to reintroduce the Zimbabwe dollar as a desperate attempt to expunge growing domestic debt and manage its wage bill, former finance minister  Tendai Biti ...

By Staff reporter | Published: 25 April 2014

BUSINESS NEWS

IDC grapples with $14m diaspora bond

THE Industrial Development Corporation of Zimbabwe (IDC), a commercial arm of government, has failed to repay CBZ Holdings Limited, through which it raised $13,5 million in diaspora bonds two years ag...

By Staff reporter | Published: 25 April 2014

BUSINESS NEWS

Zimbabwe scrambles for rescue package

Zimbabwe's government is scrambling to re-establish lines of credit pledged by Southern African Development Community (SADC) member countries four years ago, as it seeks to rescue the faltering econom...

By Staff reporter | Published: 25 April 2014

BUSINESS NEWS

Govt blows $730 million in 3 months

Economic analysts say government's recurrent expenditure that accounts for 95 percent of total expenditure is a reflection of revenue underperformance and must be dealt with as a matter of urgency.Gov...

By Staff reporter | Published: 24 April 2014

POLITICS

US freezes Zim embassy account

FINANCE Minister Patrick Chinamasa yesterday confronted US Ambassador to Zimbabwe Bruce Wharton over his country's recent tightening of its sanctions regime that saw the addition of one company and se...

By Staff reporter | Published: 24 April 2014

BUSINESS NEWS

Local products genuine, says SAZ

COMPANIES should embrace the standardisation of goods and services to promote the export sector and reduce reliance on cheap imported products, Standards Association of Zimbabwe (SAZ) chairman, Trust ...

By Staff reporter | Published: 24 April 2014

BUSINESS NEWS

'Zim an attractive prospect,' says Imara

Stockbrokers Imara Edwards Zimbabwe say that Zimbabwe is at an opportune moment to attract foreign investment.Imara is one of the largest asset managers in Zimbabwe, managing segregated portfolios for...

By Staff reporter | Published: 23 April 2014

BUSINESS NEWS

Zim imported 206k cars worth over $606m

ZIMBABWEANS imported 206,519 cars worth over $606 million between January and November last year, shock new statistics reveal.Finance and Economic Development Minister Patrick Chinamasa says the unreg...

By Staff reporter | Published: 23 April 2014

POLITICS

Chinese raise questions over indigenisation

Mashonaland West Provincial Affairs minister Faber Chidarikire has pledged free land to the Chinese in exchange for major investment in agriculture. Chidarikire told a Chinese delegation led by deputy...

By Staff reporter | Published: 23 April 2014

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