BUSINESS NEWS

RBZ Statement on the continued use of Multi-Currencies

RBZ Statement on the use of Multi-CurrenciesZimbabwe multicurrency use to continue.pdf...

By Gideon Gono | Published: 08 August 2013

POLITICS

Indigenisation must be done properly, says Gono

RBZ governor Gideon Gono has said he is not opposed to a drive to transfer ownership of foreign firms to locals but said it must be done properly. Gono spoke after President Mugabe's Zanu-PF, buoyed b...

By Business reporter | Published: 08 August 2013

BUSINESS NEWS

Zimbabwe to clarify laws as it seeks investment

ZIMBABWE will strengthen and clarify a law compelling foreign companies to cede 51% of local assets to black Zimbabweans or the government in a bid to win investment, Justice minister Patrick Chinama...

By Business reporter | Published: 08 August 2013

BUSINESS NEWS

Bulawayo industries to recapitalise

Captains of industry in Bulawayo say there is need for business entities to come together and strategise on ways to recapitalise the industry.Former Bulawayo National Chamber of Commerce chairperson a...

By Business reporter | Published: 07 August 2013

POLITICS

Youths want tourism fund established

Zimbabwe Youths in Tourism has urged the incoming government to establish a fund to assist young people involved in the sector.ZYT national chairman Mr. Stewart Mtizwa told New Ziana that there was al...

By Staff reporter | Published: 07 August 2013

BUSINESS NEWS

Cash crisis eases

THE cash crisis which rocked Bulawayo on Monday eased yesterday as affected banks moved with speed to suspend limited withdrawals.On Tuesday Afrasia-Kingdom and the People's Own Savings Bank (POSB) ra...

By Business reporter | Published: 07 August 2013

BUSINESS NEWS

Ximex Mall finally shut down

The infamous Ximex Mall in Harare has finally closed following expiration of the August 1 deadline compelling nearly 30 of the tenants to vacate the building.Some of the tenants who were interviewed ...

By Staff reporter | Published: 07 August 2013

OPINION

Full statement by RBZ on reported return of ZimDollar

CONTINUED USE OF MULTI-CURRENCY SYSTEM IN ZIMBABWE1. Reference is made to rumors circulating in the market and uninformed pronouncements suggesting the immediate or near-term return of the local Zimba...

By Gideon Gono | Published: 07 August 2013

POLITICS

Mugabe to intensify black 'wealth transfer'

Fresh from its landslide election victory, President Robert Mugabe's party said Tuesday it would intensify the transfer of economic wealth to black Zimbabweans and overhaul the country's "British" edu...

By AFP | Published: 07 August 2013

BUSINESS NEWS

'No Zimdollar return, multi-currency to stay' says Gono

THE Reserve Bank of Zimbabwe has dismissed rumours doing the rounds that the Zimdollar would be immediately reintroduced, saying there were no immediate plans to do away with the multi-currency regime...

By Staff reporter | Published: 07 August 2013

BUSINESS NEWS

Zimbabwe plans to seize assets worth $7 billion

President Robert Mugabe's government plans to seize control of foreign-owned mines without paying for them as part of a program to accumulate $7 billion of assets following his July 31 election victor...

By Bloomberg News | Published: 06 August 2013

BUSINESS NEWS

Post election market update

Yesterday, Monday 05 August 2013, the Industrial Index lost 11% one of the biggest daily losses recorded in the multi-currency system, to close at 205.57 points at a local market capitalisation of USD...

By Imara Zim Research | Published: 06 August 2013

POLITICS

Zanu-PF plans 'unique' wealth-transfer model

President Robert Mugabe, who won a disputed election last month, plans to transform the economy over the next five years through policies of indigenization and economic empowerment, the ruling party s...

By Bloomberg | Published: 06 August 2013

BUSINESS NEWS

'Create enabling economic environment'

A local economist, John Robertson said that Zanu-PF manifesto will not help the country to move forward and should create a favourable economic environment that attracts foreign direct investment. God...

By Business reporter | Published: 06 August 2013

BUSINESS NEWS

Fuel prices remain unchanged

Fuel prices in Harare and surrounding areas have remained unchanged with petrol still selling at an average of US$1,51 per litre while diesel is going for about $1,35 per litre contrary to media repor...

By Business reporter | Published: 06 August 2013

BUSINESS NEWS

Wheat hectarage in drastic decline

Zimbabwe's winter wheat hectarage drastically declined from the anticipated 26 000 hectares to 3 000 hectares for the 2013 season because government was pre-occupied with funding electoral process hen...

By Business reporter | Published: 05 August 2013

BUSINESS NEWS

Bulawayo airport completion set for month-end

WORK on upgrading the Joshua Mqabuko Nkomo International Airport (JMN) is expected to be completed before the end of this month, an official said yesterday. The Civil Aviation Authority of Zimbabwe (C...

By Business reporter | Published: 05 August 2013

BUSINESS NEWS

Marketers launch magazine

The African Marketing Confederation, a pan-African umbrella body established to represent the continent's various marketing bodies, associations and organisations, has launched a quarterly magazine wi...

By Business Reporter | Published: 05 August 2013

BUSINESS NEWS

Mineral prices decline to worsen liquidity situation

The Bankers Association of Zimbabwe has said the falling prices of major mineral commodities on the international market were going to worsen the liquidity challenges prevailing in the country. Speaki...

By Business reporter | Published: 05 August 2013

BUSINESS NEWS

Africa needs to register 50% of its land

At least 50% of land in Sub-Saharan Africa should be registered as a means of enhancing land–related investments and productivity, the World Bank has said. In its report titled Securing Africa's Lan...

By Staff reporter | Published: 01 August 2013

BUSINESS NEWS

Gono says poll results key to economic stability

RBZ governor Gideon Gono says the country is in desperate need of a clear Presidential winner following yesterday's harmonised elections to usher in a stable macro–economic environment.In a statemen...

By Business reporter | Published: 01 August 2013

BUSINESS NEWS

Asian tycoon pumps millions into Zimbabwe

Mining investor Nandlal Goenka has injected millions into the Zimbabwean economy amid indications that he is aiming to spend more in the extractive sector. Through his offshore companies and resources...

By Staff reporter | Published: 01 August 2013

BUSINESS NEWS

Zinara to computerise all tollgates

IN a move that will effectively stop motorists from driving unlicenced vehicles on the country's highways, the Zimbabwe National Road Administration (Zinara) will soon computerise all tollgates.Comput...

By Staff reporter | Published: 01 August 2013

OPINION

Why you should invest in property

A real estate investment trust (REIT), is generally defined as, a company that owns manage and operates income-producing real estate or real estate-based/linked assets such as mortgage loans. The REIT...

By GMRI Real Estate | Published: 01 August 2013

BUSINESS NEWS

11 shortlisted for energy efficiency audit tender

THE Zimbabwe Energy Regulatory Authority will tomorrow begin the selection process for the national energy efficiency audit tender after it shortlisted 11 candidates. The audit will be carried out in ...

By Business Reporter | Published: 01 August 2013

Latest News

Latest Published Reports

Latest jobs