BUSINESS NEWS

Companies turn to black market for forex

THE ongoing cash shortages in the economy has forced several manufacturing companies to seek foreign currency from illegal dealers popularly known as osiphatheleni to import raw materials.This, indust...

By Staff reporter | Published: 02 August 2017

OPINION

How to be successful in financial discipline

Given we are left with four months to year end, are you on target to achieve your financial targets.What went wrong and how can you correct it? It all boils down to financial discipline. Financial di...

By Dr Sanderson Abel | Published: 02 August 2017

EDUCATION

Jonathan Moyo calls for more research on water

Higher and Tertiary Education minister Jonathan Moyo has called for increased collaborative research initiatives towards ground water resource evaluation and assessment.Moyo was officiating at the ong...

By Staff reporter | Published: 02 August 2017

BUSINESS NEWS

'Mangudya should find ways to end cash shortages'

THE Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya should announce a raft of measures on how he will address liquidity challenges, as well as domestic debt, when he presents his mid-term monet...

By Staff reporter | Published: 02 August 2017

BUSINESS NEWS

Zim Anti-Corruption Commission under-funded

The Zimbabwe Anti-Corruption Commission (ZACC) said on Monday due to lack of funding, it is based in Harare only yet corruption happens all over the country.ZACC chairperson Job Whabira told the Parli...

By Staff reporter | Published: 01 August 2017

OPINION

SA should consider help from the IMF

The prognosis that the South African economy is in dire straits is pretty obvious even to the untrained eye. The solution to the country's present predicament is also pretty much understood.The Intern...

By Matthew Kofi Ocran | Published: 01 August 2017

BUSINESS NEWS

Mugabe's challenger to broke for 2018 elections?

The Morgan Tsvangirai-led MDC - which has not been spared by the economic meltdown - has hit hard times, casting doubts over its capacity to withstand the well-oiled Zanu-PF machinery in the 2018 elec...

By Staff reporter | Published: 01 August 2017

POLITICS

Coalition against Mugabe dead

MDC-T leader Morgan Tsvangirai's planned coalition with his National People's Party (NPP) counterpart Joice Mujuru has reportedly hit turbulent waters in what insiders claim are disagreements over the...

By Staff reporter | Published: 01 August 2017

BUSINESS NEWS

China targets Zimbabwe organic food

A CHINESE delegation of agricultural experts is expected to visit Zimbabwe soon to conduct a research on exporting locally produced oranges to China.Chinese Ambassador Mr Huang Ping revealed this duri...

By Staff reporter | Published: 01 August 2017

BUSINESS NEWS

Beitbridge seeks $300k to upgrade terminus

BEITBRIDGE Town Council (BTC) has applied to the Ministry of Local Government, Public Works and National Housing seeking approval to borrow up to $300 000 towards constructing a modern bus terminus in...

By Staff reporter | Published: 01 August 2017

BUSINESS NEWS

Matabeleland South gets highest foreign remittances

MATABELELAND provinces received the highest amount in diaspora remittances last year, new figures show.Matabeleland South came top accounting for 31,4 percent followed by Matabeleland North which acco...

By Staff reporter | Published: 01 August 2017

BUSINESS NEWS

Plans underway to extend exportation of raw hides

The Government says plans are underway to extend Statutory Instrument 129 of 2016, which provides a temporary window for exportation of raw hides.SI 129/2016 expired in March this year. The regulation...

By Staff reporter | Published: 01 August 2017

POLITICS

Mugabe orders reinstatement of 2 000 youths

President Mugabe has ordered the reinstatement of more than 2 000 youths who had been retrenched from Government without Cabinet approval.Most of the young people were employed as youth and gender off...

By Staff reporter | Published: 01 August 2017

BUSINESS NEWS

Chitungwiza workers resist retrenchment

Chitungwiza Municipality has resorted to targeting workers who are experiencing health problems and those nearing retirement in its efforts to right-size the organisation.The local authority is in the...

By Staff reporter | Published: 01 August 2017

POLITICS

Mushore row costs council $165,000

Delays by the Labour Court in ruling in a matter pitting former NMBZ Bank chief executive Mr James Mushore and Harare City Council has so far cost council over $165 000 in salary and benefits to the f...

By Staff reporter | Published: 01 August 2017

BUSINESS NEWS

Kariba South Extension project 91% complete

ENERGY and Power Development ministry permanent secretary, Partson Mbiriri says the construction of the Kariba South Extension project is now 91% complete, with the first installation of 150MW ready f...

By Staff reporter | Published: 01 August 2017

BUSINESS NEWS

Turkey, India business delegations fly into Zim

High powered business delegations are expected in the country this Tuesday ahead of the Confederation of Zimbabwe Industries (CZI) annual congress.The business delegations from India and Turkey confir...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

Zimbabwe missed a beat on 'full dollarisation'

Zimbabwe could have done itself a huge favour when it 'dollarised' around 2009 by adopting the 'full dollarisation' method, University of Zimbabwe (UZ) lecturer and economist Dr Pheneas Kadenge has s...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

Govt launches Command Water Harvesting

Government has launched the Command Water Harvesting which is aimed at transforming livelihoods of people in communal and farming areas.Under the programme, there shall be construction of dams and als...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

Zimra officials tampered with data system

FINANCE minister Patrick Chinamasa, has claimed that some top Zimbabwe Revenue Authority (Zimra) officials had tampered with the revenue collector's data system to cover up their corrupt activities.Ch...

By Staff reporter | Published: 31 July 2017

POLITICS

Traders cry foul over Mugabe rally

SMALL-and-medium scale business operators in Chinhoyi yesterday said President Robert Mugabe's Zanu-PF campaign rally on Saturday had cost them heavily, after they were forced to shut down until afte...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

'Slash Zim civil servants allowances,' says Cross

BULAWAYO South MP Eddie Cross has said Government should slash civil servants allowances to reduce Government expenditure.The MP said this in Parliament on Tuesday during a debate on the recently pres...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

Beitbridge's inaugural business conference

BEITBRIDGE Town will host its inaugural business conference this week as part of efforts to promote investment in the border town and improve issues of corporate governance.Beitbridge Business Link is...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

$800m needed to end bank queues

ZIMBABWE needs about $800 million to circulate in the formal economy in order to end cash queues in banks, Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr Kupukile Mlambo has said.Since April last y...

By Staff reporter | Published: 31 July 2017

EDUCATION

Schools management software system launched

THE Minister of Primary and Secondary Education, Dr Lazarus Dokora, has launched a schools management software system to improve the administration of schools, with more than 6 000 institutions expect...

By Staff reporter | Published: 31 July 2017

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