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: 19 hours ago

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: 20 hours ago

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: 20 hours ago

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

BUSINESS NEWS

IMF offers to help Zimbabwe clear arrears

THE International Monetary Fund (IMF) yesterday said it was ready to help Zimbabwe craft a debt clearance strategy anchored on fundamental economic reforms. This comes after outgoing British Ambassado...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Supa Mandiwanzira sucked in 'hostile' hotel takeover

A PRIVATE company, Tatipano Properties, which has been linked to former Information Communication Technology minister Supa Mandiwanzira, has been taken to court for allegedly using fraudulent document...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Zivhu calls for probe into cash vending

CHIVI SOUTH legislator Killer Zivhu (Zanu-PF) feels the government and the Reserve Bank of Zimbabwe (RBZ) must investigate circumstances resulting in the current cash crisis in the formal banking syst...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Top entrepreneurs, firms talk service innovation

A CUSTOMER service symposium held last week attracted Zimbabwe's top entrepreneurs and firms, including quoted companies who gathered in Harare to explore strategies on how the country could catch up ...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

ZimTrade urges value-added trade

ZimTrade, Zimbabwe's export promotion institution, has called for the deepening of valued-added manufacturing on current exports to Germany to diversify the country's export basket and scale up global...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Zimbabwe to tighten import control regulations

GOVERNMENT is working on a number of pieces of legislation meant to monitor imports so as to protect citizens from substandard goods. Director for quality assurance in the Ministry of Industry and Com...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Zimra ordered to refund Zimplats $9,5m

ZIMBABWE Revenue Authority (ZIMRA) has been caught on the wrong side of the law in collecting revenue and the High Court has ordered it to pay back $9,5 million it unlawfully garnished from a local mi...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Sugar firm in $45m tax storm

Zimbabwe Sugar Sales (ZSS) Ltd, a company that sells and distributes sugar on behalf of Hippo Valley Estates and Triangle Limited, has been caught up in a $45 million tax evasion storm. The Zimbabwe R...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Zamco gives grace period for bad loans

The Zimbabwe Asset Management Company (Zamco) will allow an eight-year moratorium on all restructured non-performing loans (NPLs) before the central bank's bad loans cleansing special purpose vehicle ...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

$6m ethanol project takes shape

The National Oil Infrastructure Company of Zimbabwe (NOIC) is targeting to complete the construction of two ethanol storage tanks with capacity of 6 million litres at its Mabvuku Depot in Harare by en...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Police enforce vending ban

A SMALL group of illegal vendors yesterday engaged in running battles with the police as they refused to leave the streets as part of Government efforts to contain the cholera outbreak, which has so f...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Confusion over $2bn loan from China to Zimbabwe

AFTER its desperate quest for a critical US$2,5 billion bailout package from China hit a snag last week, government has somersaulted and now claims it did not request any such money.Ministry of Financ...

By Staff reporter | Published: 14 September 2018

BUSINESS NEWS

Mthuli Ncube gets shock reality check

NEWLY-appointed Finance minister Mthuli Ncube - who arrived in the country from Switzerland early this week amid a populist storm and blaze of publicity on how to fix Zimbabwe's critically broken econ...

By Staff reporter | Published: 14 September 2018

BUSINESS NEWS

Business, labour meet to tackle economic crunch

BUSINESS and labour met in Masvingo last week to find ways to improve productivity and competitiveness.This comes at a time the country's economic crisis is deepening, with prices of basic goods skyro...

By Staff reporter | Published: 14 September 2018

BUSINESS NEWS

IDC drops Grain Bag

The Industrial Development Corporation of Zimbabwe (IDC) will seek shareholder approval to dispose of its entire equity stake in its subsidiary, Zimbabwe Grain Bag (ZGB).IDC is currently undertaking a...

By Staff reporter | Published: 14 September 2018

BUSINESS NEWS

Debt-ridden CSC downscales

COLD Storage Company (Ltd), a beef producer with refrigerated warehousing, has downscaled its operations and put its employees on a "short time" work schedule under which they will now be paid based o...

By Staff reporter | Published: 13 September 2018
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