BUSINESS NEWS

Mutare woman wins a VW Polo in the Telecel Win Big Promo

Mercy Murewa from Dangamvura in Mutare today (Tuesday) became the fourth winner of a VW Polo car in the Telecel Win Big Promo, while 20 others were announced as winners of the Samsung Galaxy S2 cel...

By Own correspondent | Published: 10 June 2013

BUSINESS NEWS

Government may revoke 31 coal licences held by local firms

GOVERNMENT may revoke coal mining licences held by 31 local firms for suspected speculative purposes at the expense of genuine investors. Mines and Mining Development Deputy Minister Gift Chimanikir...

By Business Reporter | Published: 10 June 2013

BUSINESS NEWS

Drama as NRZ workers' wives stage demo in tears

THERE was drama yesterday at Parkade Centre in Bulawayo, a building that houses the headquarters of the National Railways of Zimbabwe (NRZ), when wives of the parastatal's workers burst into tears ...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe opposes tobacco ban

The Tobacco Industry and Marketing Board says Zimbabwe should be actively involved in the dialogue around banning tobacco to protect its economic interests. TIMB board chairman Mrs Monica Chinamasa ...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Securico managing director lands top African award

Leading security services provider Securico managing director Mrs Devine Ndhlukula was voted African Woman of the Year for 2013 at the distinguished African Achievers' Awards gala dinner held in Nai...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Mazoe Orange Crush price slashed

Schweppes Zimbabwe yesterday announced a retail price reduction for the two-litre Mazoe Orange Crush from US$3,50 to $3.00.The price reduction has been attributed to improved operational efficiencie...

By Business reporter | Published: 10 June 2013

POLITICS

'We are confident about the future of Zimbabwe' says China

CHINESE Commerce Minister Chen Deming has pledged his country's commitment to invest in capital projects in Zimbabwe and help the country address its infrastructural problems relating to roads, wate...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

'Come to build your own industries and revive the economy' of the city, BYO youth urged

YOUTH Development, Indiginisation and Empowerment Minister Saviour Kasukuwere has implored Bulawayo youths to take the city's economy back to its feet.Addressing youths during the handover of the c...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Goche appoints new board for Air Zimbabwe

Transport, Communication and Infrastructural Development Minister Nicholas Goche has appointed a new board for Air Zimbabwe.The new board has been tasked with coming up with innovative ways to reviv...

By Staff Reporter | Published: 10 June 2013

POLITICS

'We have done it because we have been looking East' says Mugabe

President Robert Mugabe has urged broadcasting authorities to put to good use the new US$6,5 outside broadcasting equipment and a satellite up-link for the good of the nation.Mugabe was speaking so...

By Staff Reporter | Published: 10 June 2013

POLITICS

Tsvangirai wants probe on indigenisation

Prime Minister Morgan Tsvangirai has called for a parliamentary probe on indigenisation after disturbing reports of alleged misdemeanours and corruption in handling empowerment transactions.In a st...

By Sapa | Published: 10 June 2013

BUSINESS NEWS

Fuel prices will continue rising over the next two months

Energy experts forecast that local fuel prices will continue rising over the next two months in tandem with trends on the international market, raising fears that this might have a knock-on effect o...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Ministry of Industry and Commerce in the dark about the Dimaf beneficiaries

THE Ministry of Industry and Commerce is still waiting for CABS and Treasury to disburse $5 million to the 30 companies that the ministerial taskforce identified and is in the dark about the latest ...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Manicaland expresses mixed feelings over scrapping of bank charges

THE Manicaland Business Community has expressed mixed feelings over the recently announced Reserve Bank of Zimbabwe policy of a substantial reduction and scrapping of bank charges on short-term depo...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Biti threatens Zimbabwe banks over interest rates

Government will codify into law the Memorandum of Understanding between the Reserve Bank of Zimbabwe and banks if the agreement is not fully implemented, Finance Minister Tendai Biti has said.The f...

By Business reporter | Published: 10 June 2013

TECHNOLOGY

Emirates introduces online payment solutions to its Zim clients

In an effort to offer more advanced online services to its customers in Zimbabwe, Emirates has introduced a new payment solution that will enable travellers to pay for their flights on www.emirate...

By Moyo Roy | Published: 10 June 2013

POLITICS

Zim 'Mines and Minerals Act is criminal' says Mutambara

Deputy Prime Minister, Professor  Arthur Mutambara on Wednesday said there was a need to amend the mining laws, among other things, if Zimbabweans were to benefit from its numerous resources.DPM...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

RBZ blames foreign cash hoarding for currency woes

The central bank says it is enforcing tougher rules to rein in "the delinquent behaviour" of businesses holding cash abroad.The Reserve Bank said Monday that $360 million in export proceeds were bei...

By AP | Published: 10 June 2013

BUSINESS NEWS

Deposit Protection Corporation runs out of cash

Zimbabwe's state-run Deposit Protection Corporation needed $135 million (R1.2 billion) to meet its capitalisation requirements and pay depositors who lost money during the nation's decade-long reces...

By Bloomberg | Published: 10 June 2013

BUSINESS NEWS

BCC closes down building, small scale businesspeople left stranded

AT least 10 small scale businesspeople have been left stranded after the Bulawayo City Council declared a building they were operating from, a health hazard and closed it.Betsi Gordon Building at th...

By Business Reporter | Published: 10 June 2013

BUSINESS NEWS

Gono now backs indigenisation laws

Zimbabwe's central bank chief who has previously warned government against the seizure of foreign banks on Thursday appeared to make an about-turn, but cautioned the process must be orderly."All ba...

By Sapa-AFP | Published: 10 June 2013

TECHNOLOGY

Econet develops Stock Exchange payment solution

Econet Wireless is setting up a payment system for shares on the Zimbabwe Stock Exchange using its EcoCash service.The system is designed to make it possible for small investors to buy and sell shar...

By Business reporter | Published: 10 June 2013

POLITICS

Kasukuwere says foreign banks free to leave

Indigenisation and Empowerment minister Saviour Kasukuwere yesterday said foreign-owned banks were free to leave if they are not prepared to support the agricultural sector and emerging businesses i...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Zesa sues NRZ over $384 144 electricity bill

ZIMBABWE Electricity Transmission and Distribution Company is suing the National Railways of Zimbabwe over an electricity bill to the tune of $384 144.NRZ in Kwekwe consumed power between January 20...

By Staff Reporter | Published: 10 June 2013

POLITICS

Zanu-PF MP 'grabs' Renco Mine

Zanu-PF Chivi South legislator Irvine Dzingirai has declared himself the new owner of troubled Renco Mine. Dzingirai confirmed his take-over of the mine last Friday, claiming he was doing so as part...

By Staff reporter | Published: 10 June 2013
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