BUSINESS NEWS

Zim's current account deficit to widen: BMI

Zimbabwe's current account deficit will widen by 0,8% by year end on the back of an increased foreign currency supply leading to higher imports, a leading industry and financial market analysis firm B...

By Staff reporter | Published: 02 July 2018

BUSINESS NEWS

Contractors submit Gwanda solar project survey report

CONTRACTORS for Zimbabwe Power Company (ZPC)'s 300 megawatt Gwanda solar farm have completed and submitted to the power utility the geo-technical survey report for the project, in a development inside...

By Staff reporter | Published: 29 June 2018

POLITICS

Aspiring candidates submit nomination papers

ASPIRING candidates from different political parties have started submitting nomination papers after the Zimbabwe Electoral Commission (Zec) opened the process in preparation for the Nomination Court....

By Staff reporter | Published: 07 June 2018

BUSINESS NEWS

Zimbabwe to contract by 1.5% in 2018

UK-based research firm-BMI Research, which is part of the Fitch Group, has forecasted bearish economic prospects for Zimbabwe this year as the ongoing liquidity crunch continue to weigh on production ...

By Staff reporter | Published: 08 February 2018

BUSINESS NEWS

NSSA submits informal sector pension scheme

THE National Social Security Authority says it has tabled the proposed social security scheme for the informal sector with an inter-ministerial task-force.In an interview with The Herald Business on p...

By Staff reporter | Published: 04 September 2017

BUSINESS NEWS

Zimbabwe to remain net grain importer

INTERNATIONAL research firm, BMI, has suggested that Zimbabwe will remain a net maize importer in the long term, despite a bumper harvest during the exceptional 2016/17 agricultural season.The countr...

By Staff reporter | Published: 31 August 2017

POLITICS

BMI warns of violence over Mugabe succession

Not for the first time, Zimbabwe has been warned that President Robert Mugabe's failure to resolve the succession issue could plunge the country into bloodletting violence.This comes as much-needed fo...

By Staff reporter | Published: 21 July 2017

INDUSTRIALS & ENERGY

SABMiller bemoans Zim economic decline

International brewing giant, SABMiller Plc, has expressed concern over the declining economic situation in Zimbabwe which saw net producer revenue (NPR) of its local unit - Delta Corporation - shrinki...

By Staff reporter | Published: 21 June 2015

INDUSTRIALS & ENERGY

SABMiller says harsh economy affects Delta

Global brewer SABMiller says the current economic crisis in Zimbabwe has affected the bottom-line of its subsidiary Delta Corporation. Alan Clark, SABMiller CE said in the year to March 2014 larger vo...

By Staff reporter | Published: 27 May 2014

INDUSTRIALS & ENERGY

SABMiller's Zim lager volumes down 18%

Leading brewer SABMiller's lager volumes in Zimbabwe were 18 percent lower in the full year to March 31, 2013.In a trading update this morning, SABMiller attributed the constrained performance of its...

By Staff reporter | Published: 16 April 2014

MINING & RETAIL

Govt reviews gold miners submissions

Government is reviewing submissions made by gold mining companies pleading for a reduction in royalties to save the industry from potential collapse amid low bullion prices on global market. Gold mini...

By Business Reporter | Published: 20 March 2014

INDUSTRIALS & ENERGY

BAT submits second compliance plan

CIGARETTE manufacturer British American Tobacco (BAT) Zimbabwe has submitted to government its indigenisation and economic empowerment compliance plan for the second year. The Indigenisation and Econo...

By Staff reporter | Published: 05 February 2014

BUSINESS NEWS

Consumption to drive Zim growth, says BMI

A Business Monitor International (BMI) Zimbabwe Food and Drink Report 2014 said massive remittance inflows from the large Diaspora population continued to drive private consumption in the country and ...

By Staff reporter | Published: 24 January 2014

ZIMBABWE

BMI bearish on ZSE

The Zimbabwe Stock Exchange's industrial index will this year depend on the policy environment and it could be highly volatile over the year, Business Monitor International (BMI) has said.This then me...

By Staff reporter | Published: 21 January 2014

MINING & RETAIL

Mines submit plans for Zim refinery

Major platinum miners in Zimbabwe have met a government deadline to agree and submit plans to build a major refinery in the country by the end of 2016, state media reported on Sunday.President Robert ...

By Reuters | Published: 20 January 2014

ZIMBABWE

'Zimbabwe economy to grow by 3.4%,' says BMI

Economic think tank, Business Monitor International (BMI), has forecast Zimbabwe's economy to grow by 3,4 percent this year due to limited foreign direct investment in the country.It said the country...

By dailynews | Published: 16 January 2014

INDUSTRIALS & ENERGY

SABMiller CEO dies

SABMiller announced on Wednesday that chairperson Graham Mackay, who has been with the company for 35 years, passed on.Mackay died peacefully on Wednesday morning with his family at his side, the grou...

By Staff reporter | Published: 18 December 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

AFRICA BUSINESS

Emerging markets boost SABMiller profits

London - Britain-based brewer SABMiller posted rising first-half net profits on Thursday, boosted once again by strong growth in emerging markets.Earnings after taxation rose by almost nine percent to...

By AFP | Published: 21 November 2013

INDUSTRIALS & ENERGY

Archer Clothing creditors submit final claims

BULAWAYO-based textile firm Archer Clothing (Pvt) Ltd creditors would this month submit their final financial claims as the troubled firm's liquidation draws to a close.According to officials from the...

By Staff reporter | Published: 13 November 2013

BUSINESS NEWS

Pressure group submits proposals for Bulawayo revival

A LOCAL business pressure group Bulawayo Business Arise (BBA) has submitted a proposal to the Industry and Commerce ministry aimed at helping the new Zanu-PF administration draw up strategies of reviv...

By Staff reporter | Published: 24 September 2013

TRANSPORT & TOURISM

Pioneer submits updated indigenisation proposal

PIONEER Africa Corporation has submitted an updated compliance proposal of its indigenisation plan and is now waiting for Government's response.Group chief executive officer of Pioneer Corporation Mr ...

By Staff reporter | Published: 16 September 2013

POLITICS

1,000 foreign owned firms submit Zim indigenization plans

ABOUT 1 000 foreign owned firms have submitted plans to comply with indigenisation thresholds, but less than half have so far been approved, an official said. A total of 1 119 plans have been processe...

By Business reporter | Published: 15 August 2013
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