BUSINESS NEWS

Dutch firm blocked from purchasing Astra Industries parent company

A REGIONAL regulatory body has blocked Dutch paint and coatings firm, AkzoNobel N, from acquiring a stake in the Mauritian and South African subsidiaries of Japanese chemical firm, Kansai Paint Co Ltd...

POLITICS

Zimbabwe's new MPs to declare assets

All newly sworn-in Members of Parliament (MPs) have a deadline of November 7 to submit their financial interests lists to Parliament, as mandated by the Constitution and Parliament's standing rules an...

INDUSTRIALS & ENERGY

AfDIS completes US$1m cider plant

Listed spirit and winemaker, African Distillers (AfDIS), has completed the construction of its US$1m ciderfermentation plant as it quickens pace to produce ciders locally, Business Times reported.AfDI...

BUSINESS NEWS

Call to improve Harare's bad liveability ranking

The city of Harare should work to improve its bad ranking in the liveable index to attain world class city status, Harare Residence Trust director Precious Shumba has said.Harare City Council has been...

RBZ US$ surrender component affects Truworths

Listed clothing apparel Truworths' revenue was heavily affected by the Reserve Bank of Zimbabwe (RBZ)'s 20% surrender component which compels the local companies to remit a portion on all local US$ sa...

POLITICS

Mudenda blasts Zanu-PF MPs

SPEAKER of the National Assembly Jacob Mudenda has slammed Zanu-PF MPs for disrupting Parliament's portfolio committee meetings chaired by MDC legislators saying the development contradicted President...

ECONOMC INDICATORS

Zimstat says Zimbabwe unemployment rate at 16%

About 1.2 million people in Zimbabwe have given up on securing employment, the Zimbabwe National Statistics Agency (Zimstat) has said as it reported that the national unemployment rate stood at 16 per...

POLITICS

Obert Mpofu sues Matutu for $10 millon

Zanu-PF secretary for administration Obert Mpofu is suing the deputy secretary of the party's youth wing for US$10 million, claiming defamation.In summons filed at the Harare High Court on Tuesday, ...

BUSINESS NEWS

Hwange station needs complete overhaul

SUBDUED power generation at Hwange Power Station is contributing to prolonged load shedding as only four units out of six are operating, general manager for the plant, Engineer Arnold Chivurayise, has...

POLITICS

Mnangagwa resists temptation to take revenge on Mugabe family

PRESIDENT Emmerson Mnangagwa has kept to his word and resisted the temptation to take revenge on former first lady Grace Mugabe who terrorised him in 2017 and also humiliated him last month after her ...

POLITICS

MDC MPs lose allowances

PARLIAMENT has docked the allowances of opposition MDC legislators as punishment for walking out on President Emmerson Mnangagwa's State of the Nation Address (Sona) last month, the Daily News reporte...

INDUSTRIALS & ENERGY

Hwange 7 & 8 expansion 21% complete

The Hwange Thermal Power Station expansion project is now 21 percent complete, with the first unit set to be commissioned by the end of the first quarter next year. This was said by Finance and Econom...

POLITICS

Chamisa warns of implosion

OPPOSITION MDC leader Nelson Chamisa yesterday came face to face with empty hospitals as members of the public now opt for private health centres following the countrywide doctors' industrial action o...

FINANCIAL SERVICES

New Bill to revamp pensions funds set to be gazetted soon

THE upcoming Pensions and Provident Fund Bill will allow pension funds to invest up to 20% of their assets in offshore markets, but the regulator says this is subject to the fulfilment of local obliga...

TELECOMS & TECHNOLOGY

Econet subscribers complain about nuisance texts

Econet subscribers have criticised the mobile firm for unsolicited messages advertising its Sasai App.  Sasai is a chat and payments application regarded as a challenge to the dominance of WhatsA...

BUSINESS NEWS

Companies, parastatals default paying tax: Zimra boss

Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani on Tuesday told Parliament that companies and parastatals were not paying taxes resulting in a huge tax debt.Mazani appeared before...

INDUSTRIALS & ENERGY

Chiyangwa's company to manufacture and refurbish wagons?

THE Diaspora Infrastructure Development Group (DIDG) has started manufacturing 6 000 rail sleepers for Beitbridge Bulawayo Railway while plans are underway to produce 60 000 more for the National Rail...

BUSINESS NEWS

Local firms seek to partner UK companies

SOME local companies are reportedly negotiating distributor arrangements with United Kingdom (UK) firms and have identified business partners who will provide machinery for value-adding their products...

BUSINESS NEWS

No access to internet for 67 ZimPost offices

Sixty-seven post offices in Zimbabwe do not have internet access, the Abridged sector report for the second quarter has revealed.Potraz has been working on bridging the digital divide between the rura...

BUSINESS NEWS

Zimpapers hike prices of all its publications

Zimbabwe Newspapers Limited (Zimpapers) has announced new cover prices for all its publications with effect from Thursday 3 October 2019. Below is the statement from Zimpapers:Zimpapers would like to...

INDUSTRIALS & ENERGY

Padenga in bid to improve crocodile skins quality

STOCK exchange-listed, Padenga Holdings Limited says it has invested in a research laboratory with aims to improve the crocodile skins quality as the company seeks to maintain and grow its hold on the...

TELECOMS & TECHNOLOGY

Zimbabweans dump internet bundles

INTERNET data bundles and voice call purchases have experienced a sharp decline as cash-strapped Zimbabweans now opt for the cheaper short message service (SMS), Postal and Telecommunications Regulato...

INDUSTRIALS & ENERGY

Cottco completes ZAMCO loan repayment

The Cotton Company of Zimbabwe (Cottco) has completed repayment of a $54 million loan granted by ZAMCO in 2014, marking a milestone in the revival of the company, backed by government support granted ...

POLITICS

Grace battles to keep Mugabe empire

Former first lady Grace Mugabe fears that the government will go after her husband's sprawling empire that consists of commercial farms and a mansion in Harare, it has been revealed.Grace had a seriou...

MINING & RETAIL

Zimplats records slump in production

Zimbabwe's largest platinum producer Zimplats recorded a 36,1% slump in production volumes to 415,72kg in August as rising inflation, coupled with power cuts and foreign currency shortages, took a tol...