BUSINESS NEWS

'300 workers retrenched each week,' says ZCTU

THE Zimbabwe Congress of Trade Unions (ZCTU) has urged the Zanu-PF government to urgently address the current economic meltdown and stem the tide of retrenchments, which have reportedly reached a peak...

By Staff reporter | Published: 25 November 2013

BUSINESS NEWS

Funding delays SMEs bank formation

Funding constraints are hampering the formation of a micro-finance bank that is aimed at enhancing funding of small to medium scale enterprises.The government gave the Small Enterprise Development Cor...

By Staff reporter | Published: 25 November 2013

BUSINESS NEWS

Firms urged to procure raw materials locally

The Indigenous Business Development Centre (IBDC) says compelling firms to procure 60 percent of their requirements locally will boost the production capacity of companies and widen employment opport...

By Staff reporter | Published: 25 November 2013

POLITICS

'Govt's Willowvale plan problematic'

Government faces a conundrum in its bid to procure vehicles from Willowvale Mazda Motor Industries (WMMI) amid revelations that the company has no capacity whatsoever and it is actually importing comp...

By Staff reporter | Published: 25 November 2013

BUSINESS NEWS

Income Tax Bill submitted to President Mugabe

THE new Income Tax Bill, which seeks to broaden the tax base, repeal and replace the Income Tax Act and Capital Gains Tax Act, has been submitted to President Mugabe for his assent. According to the G...

By Business Reporter | Published: 25 November 2013

BUSINESS NEWS

Radical decisions needed to solve liquidity issues

WITH the biting liquidity crunch persisting, there is need to look at broader ways of improving cash in circulation as the prevailing economic hardships are largely being reflected in constraints in a...

By Business Reporter | Published: 25 November 2013

BUSINESS NEWS

Industry insists Zesa tariffs are too high

Industry has reiterated that high electricity tariffs continue to pose a danger to the survival of most companies.Speaking during a tour of Zim Alloys Limited in Gweru recently by Industry and Commerc...

By Staff reporter | Published: 25 November 2013

OPINION

Buy Zimbabwe this festive season

Traditionally the festive season is a period when companies the world over stock up with various goods and services in anticipation of increased sales due to Christmas shopping. This is a time when mo...

By Vandudzai Zirebwa | Published: 22 November 2013

OPINION

Fallen heroes of the Zimbabwe Stock Exchange

Economic cycles have become shorter and more volatile. One only has to look at the devastating effects of the global financial crisis of 2008, whose effects five years down the road are still being f...

By Tony Fisher | Published: 22 November 2013

BUSINESS NEWS

SA pipeline project to pass through Zim

MINING Oil and Gas Services, a South Africa-based company intends to construct a multi-billion fuel pipeline, linking Beira and three southern African countries through Zimbabwe, industry sources sai...

By Staff reporter | Published: 22 November 2013

POLITICS

'Investment laws hinder capital inflows'

FOREIGN investors are looking for flexible laws in African countries in order to realise profit and security for their investments, a legal officer said.Presenting a paper entitled: "Unveiling the...

By Staff reporter | Published: 22 November 2013

BUSINESS NEWS

Zim government turns to renewable energy

ENERGY players are expected to complete a study on renewable energy tariffs by year end as government shifts its focus on alternative power sources to plug the country's energy deficit.Addressing del...

By Staff reporter | Published: 22 November 2013

POLITICS

30 Day ultimatum for foreign shops

All foreigners operating retail and wholesale businesses, barbershops, hairdressings, beauty salons, bakeries, employment agencies and grain milling which are classified as reserved sectors of the ec...

By Staff reporter | Published: 22 November 2013

BUSINESS NEWS

IDC calls for motor industry development plan

The Industrial Development Corporation is advocating for the development of a local motor industry development policy that would guide the revival of the once vibrant industry IDC highlighted that the...

By Staff reporter | Published: 21 November 2013

BUSINESS NEWS

Diary of Forthcoming Events

Friday November 22  - Innscor AGM (8:15am, Royal Harare Golf Club)Tuesday November 26 (through to Nov 27)  - The Business Council for Sustainable Development Zimbabwe (BCSDZ) 20th Anniversar...

By Staff reporter | Published: 21 November 2013

EDUCATION

Challenge yourself with an MBA

There is an old joke that asks how you know that someone has an MBA. The answer is quite simple: They will tell you - usually within the first few minutes of meeting them.You may see this as arrogance...

By Regenesys | Published: 21 November 2013

BUSINESS NEWS

'Zim prospects bright,' says ZIA boss

THE Zimbabwe Investment Authority (ZIA) this month launches the Zimbabwe Investor Awards, which will recognise and honour companies that have contributed to the development of the economy. In this in...

By Staff reporter | Published: 21 November 2013

BUSINESS NEWS

Cash crunch exposes firms to predators

ZIMBABWEAN companies have become sitting ducks for takeovers by foreign investors, despite concern over the country's indigenisation law compelling foreigners to limit their shareholding in domestic c...

By Staff reporter | Published: 21 November 2013

BUSINESS NEWS

Zim to save $100m from E20

Zimbabwe will further reduce its import bill and save close to $100 million annually once mandatory E20 blending has been adopted.Energy Minister, Dzikamai Mavhaire told the Financial Gazette recently...

By Staff reporter | Published: 21 November 2013

BUSINESS NEWS

'Poor corporate governance behind corporate failures'

ZIMBABWE's struggling economy risks further weakening under the weight of corporate failures that have so far turned the country's key industrial heartlands such as Bulawayo into scrap yards, a centr...

By Staff reporter | Published: 21 November 2013

POLITICS

Govt working on labour inspection policy

Government and the International Labour Organisation are working on a national labour inspection and enforcement policy framework aimed at ensuring that labour laws including safety and health standar...

By Staff reporter | Published: 20 November 2013

POLITICS

Mugabe meets Kuwaiti oil baron

President Robert Mugabe, who is attending the Africa-Arab summit in Kuwait, on Tuesday met Independent Petroleum Group (IPG) chairman Mr Khalaf Ahmad Ali Al-Khalaf for talks, the New Ziana reported.IP...

By Staff reporter | Published: 20 November 2013

OPINION

Zim-fund inadequate to meet infrastructure gap

According to the African Development Bank, ZimFund, resources are limited to meet the infrastructure needs of the economy.A study by the bank estimates Zimbabwe's infrastructure gap at a daunting $14 ...

By Staff reporter | Published: 19 November 2013

BUSINESS NEWS

'Zim not ready for urban tollgates'

Munesuishe Munodawafa, permanent secretary for Transport and Infrastructural Development, said yesterday government was not yet ready to introduce urban tollgates as more consultations were needed on ...

By Staff reporter | Published: 19 November 2013

POLITICS

Mugabe considers Brics loans

President Robert Mugabe is considering raising finance through measures ranging from establishing a sovereign wealth fund to borrowing money from the so-called Brics nations to revive Zimbabwe's econo...

By Bloomberg | Published: 19 November 2013

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