BUSINESS NEWS

RBZ refutes Zim Dollar return

ACTING Reserve Bank Governor, Dr Charity Dhliwayo has dismissed rumours that the Zimbabwe dollar might return to circulation soon.Speculation has been rife that with the recapitalisation of the centr...

By Staff reporter | Published: 09 December 2013

BUSINESS NEWS

Govt warned over RBZ debt

Government's decision to take over the Reserve Bank of Zimbabwe (RBZ)'s $1,3 billion debt will hamper the country's economic revival, a local advisory firm has warned.TFS management company (TFS), a s...

By Staff reporter | Published: 09 December 2013

BUSINESS NEWS

Judicial managers mourn capital crunch

Judicial managers are calling for the establishment of a well capitalised business rescue fund as they are struggling to access funding to rejuvenate distressed companies from banks.Most local compan...

By New Ziana | Published: 09 December 2013

BUSINESS NEWS

ZNCC to chair the Business Council of Zim

The Zimbabwe National Chamber of Commerce will be chairing the Business Council of Zimbabwe for the term.This resolution was made yesterday after the business member organisations agreed to that, Emp...

By Staff reporter | Published: 09 December 2013

POLITICS

Develop communities, mining firms urged

The Mines and Mining Development Minister, Walter Chidhakwa has challenged the diamond mining joint venture firms operating in Marange to invest in community development.Minister Chidhakwa, who is on ...

By Staff reporter | Published: 09 December 2013

BUSINESS NEWS

'Resolve 99-year lease impasse'

CONCERN on the non-transferability of 99-year leases remains the single biggest impediment to efforts to the land use contracts acceptable as security for bank loans to fund initiatives aimed at rejuv...

By Business Reporter | Published: 09 December 2013

BUSINESS NEWS

Govt disburses $42m for Dimaf

Government disbursed about $42 million to distressed companies through facilities targeted at struggling firms in the first nine months of the year, an official said on Friday.The amount is, however, ...

By New Ziana. | Published: 09 December 2013

BUSINESS NEWS

'Zim a high risk country,' report

Zimbabwe is among high risk investment destinations in Africa, a survey by Ernst & Young (EY) has revealed.In its "Africa by numbers: Assessing market attractiveness in Africa" survey, the financi...

By Staff reporter | Published: 09 December 2013

EDUCATION

Zim plans mining university

Zimbabwe plans to set up a Pan-African Minerals University of Science and Technology (Pamust) in 2014 aimed at addressing issues of value addition for Africa's mineral resources in line with the conti...

By Staff reporter | Published: 09 December 2013

BUSINESS NEWS

Influx of SA imports stifling Bulawayo industries

Bulawayo industrialists have cried foul over Zimbabwe's over reliance on imports, arguing that uncontrolled imports, arguing that uncontrolled imports are driving the industry into deeper recession.Sp...

By Staff reporter | Published: 06 December 2013

BUSINESS NEWS

'Budget should prioritise recapitalising Byo firms'

THE 2014 national budget statement should be hinged on funding infrastructure development projects and recapitalising strategic companies in Bulawayo, industrialists said yesterday. Finance and Econom...

By Business Reporter | Published: 06 December 2013

OPINION

Zim consumers struggling to repay consumer debt

The low disposable incomes that more than three quarters of the population in Zimbabwe receive has seen most consumers acquiring consumer credits from the retail sector but as a result of their depres...

By bh24 | Published: 05 December 2013

BUSINESS NEWS

Zim govt worried over illegal alcohol imports

Health Advisor to the Office of the President and Cabinet Dr. Timothy Stamps has expressed concern over the increase in illegally imported alcohol beverages and the flouting of regulations by importer...

By Staff reporter | Published: 05 December 2013

BUSINESS NEWS

Mixed reactions on Gono's RBZ departure

Some Zimbabweans have saluted outgoing Reserve Bank Governor Gideon Gono for his sterling work during a tough 10-year tenure at the helm of country`s top bank, while others criticized him for taking t...

By herald | Published: 05 December 2013

EDUCATION

Take the fear out of trading

Learning to TradeMany people learn to drive a car in a quiet parking lot or on a quiet road on a Sunday afternoon. They start off by just sitting in the car and adjusting the seats and mirrors until t...

By Regenesys | Published: 05 December 2013

BUSINESS NEWS

Zimra warns of bogus tax officers

THE Zimbabwe Revenue Authority (Zimra) has warned of bogus "tax officers" going around the country's businesses under the guise that they are carrying out audits yet prejudicing them.In a notice, Zimr...

By Staff reporter | Published: 05 December 2013

POLITICS

Zim indigenisation 'a pain', says Tongaat CEO

South Africa-based Tongaat Hulett (Tongaat)'s chief executive Peter Staude says he has had sleepless nights over Zimbabwe's indigenisation programme.His sugar-producing company, which holds a 50,3 per...

By Staff reporter | Published: 05 December 2013

POLITICS

Aids levy to be scrapped

GOVERNMENT plans to scrap Aids levy and introduce a holistic National Health Fund which will draw its funds from the fiscus, bringing relief to the country's tax-burdened workers.Health and Child Car...

By Staff reporter | Published: 05 December 2013

BUSINESS NEWS

CZI grills NSSA over investments

ZIMBABWE'S industrial lobby group has taken the National Social Security Authority (NSSA) to task over decisions by the authority to invest in weak financial institutions at a time when the manufactur...

By Business Reporter | Published: 05 December 2013

BUSINESS NEWS

Bankers clears air on 99-year leases

THE Bankers Association of Zimbabwe says it has only suggested recommendations to enhance the proposed bankable 99-year leases contrary to widespread assertions it made fresh demands on the land use c...

By Business Reporter | Published: 05 December 2013

BUSINESS NEWS

Zimbabwe to float $8m bond

GOVERNMENT says it plans to tap into Zimbabwe's diaspora population by issuing bonds to fund the construction of hydroelectric power plants.New generation capacity from the plants is projected to help...

By Staff reporter | Published: 05 December 2013

OPINION

Why a stable financial system is a prerequisite

In every economy, it is fundamental to have a sound, stable and healthy financial system to support the efficient allocation of resources and distribution of risks across the economy.Financial instab...

By Sanderson Abel | Published: 04 December 2013

BUSINESS NEWS

Macheka elected new HAZ president

Tamuka Macheka has been elected president of the Hospitality Association of Zimbabwe (HAZ) . He was elected at the association's congress in Victoria Falls last week. Macheka is the general manager ...

By Business Reporter | Published: 04 December 2013

BUSINESS NEWS

Zim to ban sugar, horticultural products imports

THE Government is contemplating banning the importation of sugar and certain horticultural products as it moves to protect local farmers and enhance domestic farm production. The Deputy Minister of A...

By Staff reporter | Published: 04 December 2013

BUSINESS NEWS

Multimillion dollar project to develop intellectual property

A project that is estimated to cost $5,8 million on the upgrade and modernization of the ICT Infrastructure of the African Regional Intellectual Property Organization (ARIPO) and the Zimbabwean Intell...

By Staff reporter | Published: 03 December 2013

Latest News

Latest Published Reports

Latest jobs