BUSINESS NEWS

Mnangagwa to monitor companies allocated forex by RBZ

GOVERNMENT has proposed the establishment of a Foreign Currency Utilisation Monitoring Mechanism to monitor companies that receive foreign currency from the central bank.Addressing a Press briefing af...

By Staff reporter | Published: 7 mins ago

BUSINESS NEWS

3 money changers appear in court

THREE suspected money changers, all women, appeared in court yesterday for allegedly violating the country's Exchange Control regulations. Thelma Moyo, Chipo Muteswa and Rebecca Kurekwechuma appeared ...

By Staff reporter | Published: 28 mins ago

BUSINESS NEWS

Money changers desert Bulawayo streets

ILLEGAL money changers in Bulawayo have devised new tricks to evade arrest following President Emmerson Mnangagwa's promulgation of new regulations that may see offenders being jailed for up to 10 yea...

By Staff reporter | Published: 29 mins ago

BUSINESS NEWS

Government calls rogue pharmacies to order

GOVERNMENT has directed pharmacies to stop demanding foreign currency from patients for drugs which are now available locally through NatPharm. In an interview at the close of the 67th East, Central a...

By Staff reporter | Published: 32 mins ago

BUSINESS NEWS

Illicit trading exaggerates trade deficit

ZIMBABWE's persistent trade deficit has been magnified by unstated foreign trade activity, the country's national statistical agency has said.In recent years, the southern African country has run syst...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Zimbabwe still awaits mega deals

LOCALLY, thousands have called him a hero for toppling the only leader Zimbabwe has known for almost four decades.Abroad, investors are, for the first time in decades, considering Zimbabwe as an inves...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Zimra mulls debt write-offs

THE Zimbabwe Revenue Authority (Zimra) says it is mulling several debt management strategies including write-offs following recent lapse of a tax moratorium.Highlighting tax defaults had continued ris...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Aiden Mhere declared Chartered Secretary of the Year

Hippo Valley Estates acting chief executive officer, Aiden Mhere, has been declared the 2017 Chartered Secretary of the Year. The runner-up is Posts and Telecommunications Regulatory Authority of Zimb...

By Agencies | Published: 30 September 2018

BUSINESS NEWS

Mnangagwa's economic boom claims queried

Economists and opposition figures have cast doubt on government claims that Zimbabwe's per capita income has risen by 60% to $1 500 over the last eight months at a time the economic outlook continues ...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Plans to turn Esigodini college into ICT centre

UMZINGWANE Member of Parliament Retired Brigadier-General Levi Mayihlome has announced plans to resuscitate the only agricultural college in Matabeleland South Province, Esigodini Agricultural College...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

CZI in rallying call for investment

THE Confederation of Zimbabwe Industries (CZI) has rallied potential investors to grab available economic opportunities across sectors by taking advantage of on-going reforms being implemented by the ...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

NatPharm in golden handshake scam

FORMER managing director of the National Pharmaceutical Company (NatPharm), Mrs Flora Sifeku, is set to walk away from the national drug procurer $200 000 richer after the board resolved to give her a...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

IMFpraises Zimra systems

A six-member International Monetary Fund (IMF) delegation says the Zimbabwe Revenue Authority (Zimra)'s systems and human capital are up to standard, although there is scope for further improvement.Th...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Zimbabwe's $800m forex reserve gap

Zimbabwe requires a foreign currency cover of US$1 billion, against current reserves of US$200 million and needs to further increase production to narrow the gap, an official has said.Ms Jesimen Chipi...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Harare vendors fight back

Police are maintaining a heavy presence in most of the country's cities as authorities fear the worst amid a clampdown on desperate vendors who are now fighting back.In Harare, law enforcers have pepp...

By Staff reporter | Published: 27 September 2018

BUSINESS NEWS

Brainworks eyes 2019 ZSE listing

Brainworks Limited is planning a secondary listing on the ZSE by 2019, a move it said is aimed at consolidating its growth strategy. The Mauritius-registered investments holding company made its initi...

By Staff reporter | Published: 27 September 2018

BUSINESS NEWS

Mthuli Ncube sweats over funding

NEWLY-MINTED Finance minister Mthuli Ncube this week set sail for the United States, together with President Emmerson Mnangagwa, for the United Nations General Assembly in New York where he will engag...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Mthuli Ncube's biggest headache

NEWLY-appointed Finance minister Mthuli Ncube entered the national political scene with a lot of verve, making very ambitious pronouncements, including the scrapping of the bond note, among other loft...

By Zimind Comment | Published: 21 September 2018

BUSINESS NEWS

Zimbabwe Airways scandal sucks in Mugabe,Chikore, Gumbo

THE Zimbabwe Anti-Corruption Commission (Zacc) has launched an investigation into the controversial Zimbabwe Airways (ZimAirways) deal in a probe that has sucked in former president Robert Mugabe's so...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Cops, vendors clash

VIOLENCE rocked Harare yesterday as police and vendors fought running battles as informal traders resisted efforts by government and council to remove them from the central business district as part o...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Zesa, TelOne thieves jailed 10 years each

Five Harare men were on Wednesday jailed to 10 years each for stealing Zesa and telecommunication cables in the city.Tawanda Mutekedzi (28), Paul Chisano (22), George Chimbutira (27), Stanley Muvirimi...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Mnangagwa commits 1% of GDP to research

GOVERNMENT has committed 1% of gross domestic product (GDP) towards research and development (R&D) across all sectors of the economy, President Emmerson Mnangagwa has said.R&D supports innovat...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Devolution will develop provinces with natural resources

CHIVI South MP Killer Zivhu (Zanu PF) on Wednesday said devolution of power will enable provinces with mineral deposits to develop from their natural resources.Speaking to Southern Eye, Zivhu said fai...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Zimbabweans want US or Zim dollar only, not SA Rand

THE majority of Zimbabweans would be happy to adopt the United States dollar or the Zimbabwe dollar as only currency and are adverse to the use of bond notes, according to a recent public opinion surv...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Bulawayo pins hopes on devolution

BULAWAYO Province has high hopes about devolution of power for the city's re-industrialisation and job creation as a devolved system would allow the city to shape its destiny. The Government is workin...

By Staff reporter | Published: 21 September 2018
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