BUSINESS NEWS

Insurance Companies must provide quality service

Standards Association for Zimbabwe (SAZ)'s director-general, Eve Gadzikwa, yesterday urged companies in the insurance sector to maintain quality standards for the benefit of their customers.Speaking a...

By Staff reporter | Published: 24 July 2018

BUSINESS NEWS

Companies comply with food fortification

Local companies have complied with the food fortification programme introduced last year to prevent micro-nutrient deficiency disorders among consumers, a government consultant has said.In an intervie...

By Staff reporter | Published: 12 July 2018

MINING & RETAIL

Mining companies exempted from paying wage increment

THIRTY mining companies have successfully applied to be exempted from paying the 2018 minimum wage increment amid viability concerns.The Chamber of Mines and the Associated Mineworkers' Union of Zimba...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

DPCZ lists companies with NPLs

THE Directors Protection Council of Zimbabwe (DPCZ) has completed the process of compiling the list of companies with Non-Performing Loans (NPLs) for absorption by the Zimbabwe Asset Management Compan...

By Staff reporter | Published: 24 June 2018

BUSINESS NEWS

Mnangagwa vows to reopen closed companies

President Mnangagwa has said reopening closed companies and ensuring they contribute significantly to the economy is his Government's top priority.He has set a target to turn Zimbabwe into a middle-in...

By Staff reporter | Published: 07 June 2018

BUSINESS NEWS

Vendors, high rentals drive companies out of CBD

THERE is a growing trend in Harare where an increasing number of companies is seeking to buy or rent property in residential areas on the periphery of the central business district (CBD), a property ...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Zimra targets foreign companies evading tax

ZIMBABWE Revenue Authority (Zimra) commissioner-general, Faith Mazani has approached President Emmerson Mnangagwa and Finance and Economic Development minister Patrick Chinamasa for help to get foreig...

By Staff reporter | Published: 29 May 2018

BUSINESS NEWS

Zimbabwe to expedite registering of companies

Zimbabwe will expedite the process of registering companies in line with the provisions of a new bill that seeks to improve the investment climate.In the past it used to take several months before a c...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

AfDB pledges US$50m loan for Zim companies

THE African Development Bank (AfDB) says it is ready to extend up to US$50 million in loans this year to Zimbabwe's private sector amid ongoing negotiations with the government to settle its US$600 mi...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

Kevin Wakeford to speak at Top Companies

TOP South African businessman and one of the region's foremost economic commentators, Kevin Wakeford, will be the guest of honour at this year's prestigious Top Companies Survey function to be held in...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Zim companies clinch $500k deals at Zambia fair

ZIMBABWEAN companies clinched deals worth over $500 000 at the Agritech Expo held in Chisamba, Zambia recently, the country's trade promotion body, ZimTrade has said.Agritech is an international agric...

By Staff reporter | Published: 10 May 2018

BUSINESS NEWS

Zim charms Swedish companies

Swedish companies are optimistic about investing in the country charmed by the Zimbabwe is open for business mantra.Last week, Industry, Commerce and Enterprise Development minister Mike Bimha, Financ...

By Staff reporter | Published: 23 April 2018

BUSINESS NEWS

Mnangagwa invites Chinese companies to invest in Zim

President Emmerson Mnangagwa says there are vast investment opportunities in the infrastructure development sector in Zimbabwe for Chinese companies.Addressing senior company management of a Chinese c...

By Staff reporter | Published: 03 April 2018

BUSINESS NEWS

Zimbabwe company bloodbath continues to bite

About 65 companies operating in Zimbabwe have gone insolvent in the past six months, with "a sharp increase" in the number of firms going under.This is amid a push by Harare's new rulers to attract in...

By Staff reporter | Published: 02 April 2018

POLITICS

Chamisa to expose Mnangagwa-linked companies

OPPOSITION leader and MDC Alliance presidential candidate, Nelson Chamisa has threatened to confront President Emmerson Mnangagwa to discuss the Zanu-PF leader's alleged links to various blue-chip com...

By Staff reporter | Published: 26 March 2018

BUSINESS NEWS

Bimha praises CSR-compliant companies

Companies which practice corporate social responsibility (CSR) have a chance of attracting investor, Industry Commerce and Enterprise Development minister Mike Bimha has said. Bimha made the remarks a...

By Staff reporter | Published: 28 February 2018

POLITICS

'Companies tired of bankrolling Zanu-PF'

ZANU-PF Manicaland chairman, Mike Madiro has urged the ruling party to invest in income generating projects to finance its activities rather than to force private companies to bankroll its functions.M...

By Staff reporter | Published: 20 February 2018

BUSINESS NEWS

Companies face export facilities challenges

COMPANIES are struggling to access export financing facilities availed through local banks by the Reserve Bank of Zimbabwe (RBZ) with some banks allegedly expressing ignorance over the facilities' dis...

By Staff reporter | Published: 15 February 2018

BUSINESS NEWS

Zimra won't write-off the $3.9bn owed by companies

ZIMBABWE Revenue Authority (Zimra) will not write-off the $3,9 billion it is owed by companies and councils, as this will set a bad precedent of not paying dues, a top executive told a parliamentary p...

By Staff reporter | Published: 14 February 2018

BUSINESS NEWS

IDC companies find no takers

The Industrial Development Corporation of Zimbabwe (IDCZ) has been trying to sell off some of its companies but with no takers as investors find them more of a liability than an investment, a senior o...

By Staff reporter | Published: 01 February 2018

BUSINESS NEWS

Bigwigs shield companies from Zimra

A report on the country's tax situation has alleged that top politicians were encouraging tax evasion or none compliance by the country's corporate sector, which they have shielded from Zimra. Officia...

By Staff reporter | Published: 01 February 2018

BUSINESS NEWS

Companies fleeced in Zimra fiscal devices supply

THOUSANDS of Zimbabwean businesses may have lost millions of dollars in an alleged scam by a group of companies contracted by the Zimbabwe Revenue Authority (Zimra) to supply fiscal devices, two years...

By Staff reporter | Published: 29 January 2018

BUSINESS NEWS

Zimbabwe to amend Companies Act

THE Ministry of Justice, Legal and Parliamentary Affairs has drafted amendments to the Companies Act (Chapter 24:03), which will soon be tabled before Parliament as government seeks to reform laws tha...

By Staff reporter | Published: 18 January 2018

BUSINESS NEWS

Zimbabwe seeks to sell stakes in state-owned companies

Zimbabwe has invited bids for stakes in up to eight loss-making state-owned enterprises, including its national airline and power utility, to help plug a ballooning budget deficit, its deputy finance...

By Reuters | Published: 07 January 2018

ZIMBABWE

ZSE correction leaves companies nursing wounds

RESERVE Bank of Zimbabwe deputy director for international banking and portfolio management Ernest Matiza's prediction of the Zimbabwe Stock Exchange (ZSE) "bubble" bursting may finally be coming true...

By Staff reporter | Published: 22 November 2017
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