POLITICS

'Zimbabwe unknown in China'

CHINESE ambassador to Zimbabwe Huang Ping says the southern African country is virtually unknown in the Asian country, despite the country spending millions of dollars over the past decade marketing i...

By Staff reporter | Published: 05 October 2017

BUSINESS NEWS

Govt moves in to plug public sector loopholes

Government is moving in to plug loopholes in the public sector – synonymous with a "leaky roof" - as it seeks to enhance transparency and accountability and in the process improve the contribution o...

By Staff reporter | Published: 05 October 2017

POLITICS

Westerners hid Zim mineral exploration maps

Western mining experts hid exploration maps on Zimbabwe's mineral resource base during the colonial era but the country is slowly discovering its worth in terms of underground wealth, First Lady Dr G...

By Staff reporter | Published: 05 October 2017

BUSINESS NEWS

Zimbabwe grosses $4 billion

Zimbabwe grossed $4 billion during the first nine months of this year through exports and foreign currency inflows from mostly Diaspora remittances, the central bank said on Wednesday.Speaking at a Co...

By Staff reporter | Published: 04 October 2017

BUSINESS NEWS

NSSA strikes deal with local banks

The National Social Security Authority has reached an agreement with at least 12 banks which will see pensioners aged above 60 years being exempted from paying transaction charges.NSSA has previously ...

By Staff reporter | Published: 04 October 2017

BUSINESS NEWS

AfDB approves $200m credit line for private sector

THE African Development Bank Group (AfDB) has approved $200 million credit line to the private sector on the continent and the Industrial Development Corporation of South Africa to support industriali...

By Staff reporter | Published: 04 October 2017

BUSINESS NEWS

Homelink avails $1,5m to SMEs

RESERVE Bank of Zimbabwe (RBZ) subsidiary Homelink has availed a $1,5 million loan facility to small to medium enterprises as part of efforts to improve small scale businesses. The funding is coming a...

By Staff reporter | Published: 04 October 2017

BUSINESS NEWS

16 money changers charged

16 illegal foreign currency dealers have appeared in court today accused of contravening the Exchange Control Act after they were found of various amounts of United States dollars, rand and bond notes...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

Zim withdraws offer letters targeting BIPPA farms

The Government on Friday said it was withdrawing 64 offer letters covering nearly 10 000 hectares of land that had been allocated to local farmers on plantations protected under the Bilateral Investme...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

Zim Indigenisation Act amendment stalls

The lack of progress in amending the Indigenisation Act to bring it in line with the policy clarification that President Robert Mugabe made last year continues to hinder efforts to improve the attract...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

Zesa pays Eskom $12 million

Zesa Holdings has paid South African power utility, Eskom $12 million to avoid being switched off and will pay another $20 million this month as it battles to liquidate its arrears.The power utility a...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

Zim's public health spending lowest in Sadc

GOVERNMENT spending towards health this year averaged a measly $21 per person, a figure that is lower than $24 per person in 2016, the Community Working Group on Health (CWGH) has said.In its contribu...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

'Cash crisis not NSSA's problem'

The National Social Security Authority (NSSA) has never failed to pay pensioners their monthly payouts and cannot be blamed for failure by retirees to access cash at banks, a senior Government officia...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

Zesa in nasty legal brawl rages on

Zesa Holdings and Clovgate Elevator Company are involved in a nasty legal brawl after the power utility company allegedly terminated its contract with the latter and is reportedly refusing to honour a...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

ZSE introduces market data policy

The Zimbabwe Stock Exchange (ZSE) has announced that it will soon issue the Market Data Policy which will govern the use, distribution and reporting for listed counters with effect from January 1 next...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

Afreximbank to build multimillion complex

Cairo-Head-quartered Afreximbank announced plans to build a multimillion business complex comprising a porsche hotel in Harare's Newlands area, Afreximbank president Dr Bennedict Oramah has said. The ...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

Mortgage financiers dole out $45m worth of loans

Zimbabwe's leading housing financiers provided mortgages worth $45 million during the first half of 2017 with the bulk of the advances financing new units. The Zimbabwe Association for Housing Finance...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

Zim/SA to review progress on Bi-national commission

The second session of the South Africa- Zimbabwe Bi-National Commission (BNC) opens next week in the neighbouring country to review progress on bilateral commitments made last year.In a statement, the...

By Staff reporter | Published: 02 October 2017

BUSINESS NEWS

Uproar over 'slavery' on Zimbabwe farms

Farmworkers in Zimbabwe can now be employed for four and half years by the same employer on short-term contracts, an arrangement that leaves them vulnerable to abuse and without terminal benefits.Acco...

By Staff reporter | Published: 02 October 2017

BUSINESS NEWS

'Zim has potential for economic growth'

ZIMBABWE has potential to grow tremendously into a viable and enviable economy on the continent despite sanctions imposed by the West, a top Chinese academic has said.Addressing journalists during a s...

By Staff reporter | Published: 02 October 2017

BUSINESS NEWS

Farm workers in jeopardy

According to a new law, it will take almost five years of continuous work as a fixed term contract employee for farm workers to be deemed permanent.S1 67 of 2017, which speaks to collective bargaining...

By Staff reporter | Published: 02 October 2017

BUSINESS NEWS

Nicoz gross premium jumps 6%

ZIMBABWE's biggest short-term insurer, NicozDiamond, says its gross premium written for eight months to August 2017 surged 6 percent to $30 million driven by business generated from new channels.Gener...

By Staff reporter | Published: 02 October 2017

BUSINESS NEWS

18 800 pensioners face loss of income

Pensioners who have failed to register with the National Social Security Authority (NSSA)'s biometric system whose deadline was last Saturday, will not receive their monthly payouts beginning next mon...

By Staff reporter | Published: 02 October 2017

POLITICS

Bank managers sucked in $200m fraud saga

THE Zimbabwe Anti-Corruption Commission has opened a large-scale investigation into externalisation and fraud allegations involving about US$200 million against directors and managers of six failed ba...

By Staff reporter | Published: 02 October 2017

POLITICS

There is no currency crisis in Zimbabwe, claims minister

Fears of a return to the hyperinflation era that preceded the introduction of the multi-currency system in 2009 were heightened in the past fortnight when the value of bond notes tumbled on the parall...

By Staff reporter | Published: 02 October 2017

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