Some players in the garment-making sector are allegedly skimming the Government of billions of dollars in potential tax revenue and suffocating downstream textile industries by abusing a special cloth...
ARISTON Holdings Limited (AHL) says Cyclone Idai damaged the company's plantations in the Eastern Highlands, with early indications suggesting that the damage could be worth US$1,5 million."In March 2...
ZB Financial Holdings Limited (ZBFH) is making pricing adjustments for its Plumtree housing project due to cost escalations, chief executive Ron Mutandagayi has said."The cost escalations have caused ...
THE government lost millions of dollars through delayed revenue inflows due to the slow processing of imports and exports after the switching off internet services countrywide.Government threw the cou...
DIVERSIFIED telecommunications firm, TelOne, has lost over US$3 million in the 10 months to October this year due to vandalism of network infrastructure.Of the US$3 million, US$2, 2 million was in los...
ZIMBABWE's infrastructure sharing model has yielded up to 35 percent drop in the cost of investment in the information and telecommunications sector, which will largely benefit ordinary consumers and ...
NEGLIGENCE by doctors at Parirenyatwa Group of Hospitals which resulted in a patient suffering a bile leak has proved costly after the High Court ordered the public institution to pay damages amountin...
The cost of Ammonium Nitrate (AN) fertiliser, which is largely on the upper side in the country mainly due to high costs of the major component, ammonia, is set to come down once coal - bed methane ga...
ZIMPLATS, the country's largest platinum miner, says its profits declined by 94 percent in the year to June 2018 after the company changed its status from a special mining lease (SML) holder to mining...
THE change in the indigenisation laws and the ongoing ease of doing business reforms should be complemented with a deliberate review of taxes and utility costs, which continue to frustrate domestic pr...
The cost of mobile and internet-based financial services is set for a significant drop after Government directed that the charge for Unstructured Supplementary Service Data (USSD), the technology plat...
Mobile data tariffs in Zimbabwe have fallen from 12.5 cents to 5 cents per MB, with the internet expected to play a key role ahead of harmonised elections slated for July 30 this year.The Posts and Te...
With the clock ticking towards make-or-break harmonised polls on July 30, the Zimbabwe Electoral Commission (Zec) is stewing in massive legal bills following an increase in the number of election-rela...
Fuel dealers outside Harare that are selling the commodity at above government-stipulated prices say they are doing so to cover transportation costs for the fuel to towns outside the capital.A survey...
A weak public transport system, particularly in urban areas, is responsible for the siphoning of the much-needed foreign currency as citizens import cars to take them to work, analysts say.This comes ...
THE revival of the National Railways of Zimbabwe (NRZ) is expected to help Hwange Colliery Company Limited overcome the high costs of transporting coal by road, the company said in its results ending ...
BEFORE the army-led Operation Restore Legacy, the occurrence of road accidents in Zimbabwe was attributed to failure by the traffic police to stem road carnage, as they were only keen to collect money...
Automated sliding doors are not only a cost-effective way of managing people's entry into and exit from frequently visited business premises but also reduce electricity costs in air-conditioned buildi...
As efforts to boost Diaspora remittances into the country continue, a local firm Bitmari, says it has launched an affordable platform that can be used to send money from the United States. Bitmari, w...
THE country's cost of liquidity, power, labour, water, transport and finance are abhorrent to competitiveness, a new report has shown.According to the Zimbabwe National Competitiveness Report (ZNCR) r...
AN avian flu outbreak at Irvine's in May cost the country's largest chicken producer $7,3 million, a shareholder has disclosed, saying the quarantining of affected sites and culling of birds to preven...
TelOne has slashed voice calls by more than 80 percent seeing on-net calls going down to 1cent per minute from 5 cents and mobile calls down to 4 cents from 16 cents. This reduction has come about thr...
THE Agriculture Bank of Zimbabwe (Agribank) has reduced its staff cost to total income ratio by 25 percentage points in the past two years owing to aggressive cost containment.Minister of Finance and ...
ZIMBABWE could be losing at least $240 million annually to fuel fraud while globally at least $40 billion is lost to smuggling activities associated with subsidies, tax and price differentials worldwi...
THE Zimbabwe Wheat Board (ZWB) has pleaded with government to intervene over the soaring costs of wheat production.The ZWB yesterday met acting President Emmerson Mnangagwa (pictured), where they plea...