BUSINESS NEWS

Vingirai wins back his shares & assets at Intermarket

Businessman Mr Nicholas Vingirai has regained assets and shares he lost following the takeover of Intermarket Financial Holdings by ZB Financial Holdings through the Reserve Bank of Zimbabwe.High Co...

By Business Reporter | Published: 22 July 2013

BUSINESS NEWS

Mining companies paid $81.1m into Zimra coffers

Mining companies in Zimbabwe paid $81.1m into the country's coffers in mineral royalty payments during the first half of 2013.Zimbabwe relies heavily on mining and agriculture to boost its struggling ...

By Business reporter | Published: 19 July 2013

BUSINESS NEWS

CZI forecasts slump in capacity utilisation

THE Confederation of Zimbabwe Industries has forecast a further decline in capacity utilisation this year, as manufacturing companies remain under pressure from tight liquidity and competition from lo...

By Business Reporter | Published: 19 July 2013

OPINION

8 Simple, cost-effective ways to promote your SME

Small and medium-sized enterprises (SMEs) contribute roughly 50% of SA's national gross domestic product (GDP) and employ 60% of the labour force. It is little wonder then, that entrepreneurship is f...

By Regenesys | Published: 18 July 2013

BUSINESS NEWS

Biti to present mid-term review on Monday

Finance minister Tendai Biti will on Monday present the Mid-Term Fiscal policy statement after initially postponing the economic review due to campaigning ahead of the next election. Biti said that Tr...

By Staff reporter | Published: 18 July 2013

BUSINESS NEWS

RBZ pushes for more financial inclusion

RBZ has said local banks should embrace mobile banking platforms to remain relevant as the public moves from conventional brick and mortar banking. Speaking at the Small to Medium Enterprises seminar ...

By Staff reporter | Published: 18 July 2013

BUSINESS NEWS

Mzembi lobbies for visa liberalisation

Tourism and Hospitality Industry Minister Walter Mzembi has bemoaned the impact of a stringent visa regime and regimented air system on tourism.To this end, he called for the urgent liberalisation of ...

By Business Reporters | Published: 18 July 2013

BUSINESS NEWS

Zimoco unveils the new Mercedes Benz premium vehicles

Leading luxury vehicle distributor, Zimoco has unveiled the new Mercedes Benz A-Class and E-Class premium vehicles in Zimbabwe.At a function to launch the two compact vehicles in Harare, Zimoco genera...

By Business Reporter | Published: 18 July 2013

OPINION

Telecel leads the pack

Since the beginning of the year Telecel has shaken the market with a number of intriguing promotions that have attracted a lot of attention.While other cellphone service providers have also run their ...

By Tonderai Rutsito TechSpot | Published: 18 July 2013

BUSINESS NEWS

Kingstons on verge of collapse

Kingstons Holdings Limited (Kingstons) - a stationery group 51 percent owned by the government - is reportedly on the verge of collapse with debts amounting to over $5,3 million.Since the introductio...

By Staff reporter | Published: 17 July 2013

BUSINESS NEWS

Dunlop Zimbabwe gives striking workers ultimatum

THE strike by Dunlop Zimbabwe workers continued yesterday with reports that management has given the striking workers an ultimatum to return to work  or risk being fired.According to the workers...

By Business reporter | Published: 17 July 2013

BUSINESS NEWS

Zanu-PF promise to rescue financial institutions

Zanu-PF says it will use resources from indigenisation and mineral assets to recapitalise some State-owned financial institutions should it win the harmonised elections set to be held on July 31.Plan...

By Staff reporter | Published: 17 July 2013

BUSINESS NEWS

ZTA warns against fake agents

Some unscrupulous individuals are allegedly tricking people by purporting to be agents of the Zimbabwe Tourism Authority (ZTA), offering commercial packages, recruitment and related activities for the...

By Business reporter | Published: 16 July 2013

OPINION

Speech by David Coltart: An Introduction to ESAP: Zimbabwe 1992

An Introduction to ESAP: Zimbabwe 1992By David Coltart31st January 1992Danish Volunteer Service Development Workers Meeting, MaphisaIt is a great pleasure to have been asked to address you today, bu...

By David Coltart | Published: 16 July 2013

BUSINESS NEWS

SIRDC targets 600t of maize seed

The Scientific and Industrial Research and Development Centre is targeting at producing 600 tonnes of maize seed for the 2013/14 cropping season, up from 165 tonnes last year. SIRDC produces a maize s...

By Staff reporter | Published: 16 July 2013

BUSINESS NEWS

ICAZ to host indaba in Vic Falls

The Institute of Chartered Accountants of Zimbabwe will this week host its 95th Congress in Victoria Falls. The congress, which will take place from July 18 to 21, will run under the theme, "Igniting ...

By Staff reporter | Published: 16 July 2013

BUSINESS NEWS

IDC seeks $140 million

The Industrial Development Corporation is courting suitors for cash to recapitalise its ailing subsidiaries, with officials indicating they were looking for about $140 million. IDC controls more than...

By Business reporter | Published: 16 July 2013

BUSINESS NEWS

Kanyekanye exit exposes wrangles

Joseph Kanyekanye's resignation as chairman of the boards of Capital Bank and RTG could be a microcosm of intense board wrangles rattling both institutions in which NSSA is a controlling shareholder....

By Staff reporter | Published: 16 July 2013

BUSINESS NEWS

NSSA completes board reconstitution

NSSA has completed the reconstitution of its board members seconded to chair three of its subsidiaries following a resolution by the State-owned entity to push for the appointment of independent dire...

By Staff reporter | Published: 16 July 2013

BUSINESS NEWS

Zimbabwe extends UNWTO begging bowl to corporate sector

The Tourism and Hospitality ministry has extended its begging bowl to the corporate sector seeking nearly $2 million from local companies to fund the forthcoming United Nations World Tourism Organisa...

By Business reporter | Published: 16 July 2013

BUSINESS NEWS

Zimbabwe re-admitted into African Trade Insurance Agency

Zimbabwe has been re-admitted into the African Trade Insurance Agency (ATI) in a development expected to increase foreign investor confidence.The re-admission of Zimbabwe into the continental trade an...

By Business reporter | Published: 09 July 2013

POLITICS

Mugabe wants 100% resource ownership

Zanu-PF's thrust is to ensure Zimbabweans assume 100 percent control of the country's natural resources and bring about sustainable national development which is home grown, the party's First Secretar...

By Staff reporter | Published: 08 July 2013

POLITICS

Tsvangirai says no chance of fair vote

Prime Minister Morgan Tsvangirai, launching his third campaign to unseat veteran President Robert Mugabe, said nothing had been achieved to ensure a fairer vote but even God now wanted Mugabe to go.T...

By Reuters | Published: 08 July 2013

BUSINESS NEWS

Zimbabwe pays back IMF debts

ZIMBABWE has agreed to make monthly and quarterly payments to three international financial institutions as it begins a journey to resolve its US$10,7 billion external debt.The commitment is containe...

By Business reporter | Published: 08 July 2013

BUSINESS NEWS

RBZ restructuring set for September

THE government is set to restructure the Reserve Bank of Zimbabwe (RBZ)'s balance sheet by end of September as part of plans to improve the stability of the financial sector.In a letter of intent co-...

By Business reporter | Published: 08 July 2013

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