BUSINESS NEWS

Zimbabwe urged to remove US$-Bond Note parity

Monetary authorities should let the market determine the true value of the bond note currency to curb its externalization and in turn reduce cash shortages, a leading economist has said.Zimbabwe intro...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Net closing in on Zimbabwe tax evaders

The Government is working round the clock to catch tax evaders including land barons, Finance and Economic Development Minister Patrick Chinamasa has said.Speaking at the handover of residential stand...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Zimra closes in on churches

The Zimbabwe Revenue Authority (Zimra) says it is looking into the country's churches with the view of establishing clearer taxing boundaries, amid indications most pastors are failing to remit all th...

By Staff reporter | Published: 26 July 2017

POLITICS

Mugabe here to stay, says Sekeramayi

A few days after President Robert Mugabe railed at top guns in his party who are jostling to succeed him, Defence minister Sydney Sekeramayi has weighed in, saying there was no vacancy at State House....

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

'150% duty for second-hand vehicles into Zim'

SPEAKER of the National Assembly Jacob Mudenda wants the Zimbabwe Revenue Authority (Zimra) to charge 150% in customs duty on second-hand vehicles, claiming Zimbabwe has become Japan's largest warehou...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

'Zim parastatal boards lack quality'

Finance minister Patrick Chinamasa has conceded there is lack of quality in parastatal boards, saying Cabinet has committed to rectifying this issue after gazetting the Public Entities Corporate Gover...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Bill to curb corruption at Zim parastatals

A BILL that will curb corruption at State enterprises and parastatals (SEPs) and hefty salaries of chief executive officers is now before Parliament.Clerk of Parliament Kennedy Chokuda on Monday invit...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Gwanda businesspeople seek partnership

A GROUP of businesspersons has championed an initiative to engage potential local and foreign partners in harnessing investment for Gwanda Town.Operating under the Gwanda Investment and Economic Devel...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Moves to enhance Zim's industry

INDUSTRY and Commerce Minister, Dr Mike Bimha, has appointed the inaugural National Competitiveness Commission board, which is expected to come up with strategies to improve local industry competivene...

By Staff reporter | Published: 26 July 2017

OPINION

Understanding financial innovation

Financial innovation can be defined as the act of creating and then popularising new financial instruments.This implies advances over time in the financial instruments and payment systems used in the ...

By Sanderson Abel | Published: 26 July 2017

POLITICS

Chombo fights 'imminent' arrest

HOME Affairs Minister Ignatius Chombo says his arrest and civil imprisonment for defying court orders was now imminent and has instructed his lawyers to file an urgent application to stop the Sheriff ...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Housing scheme divides civil servants' unions

THE government's recent offer to provide housing units for its employees has left civil servants' unions sharply divided, with the Progressive Teachers' Union of Zimbabwe (PTUZ) rubbishing the scheme ...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Zim govt finally pays bonuses

GOVERNMENT has paid the last tranche of civil servants' 2016 bonuses four months before the end of another year, when it is expected to honour the same obligation.President Robert Mugabe's administrat...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

New committee to spearhead Udcorp

THE Urban Development Corporation (Udcorp) board has set up a committee to spearhead its transformation, as it seeks to place itself as the leader in the provision of low-income houses after receiving...

By Staff reporter | Published: 26 July 2017

POLITICS

'Bigwigs extort protection fees from white farmers'

ZANU-PF youth in Manicaland province have accused ruling party bigwigs of receiving 10% of farm produce sold by white commercial farmers in the area as protection fee.Speaking at an inter-district mee...

By Staff reporter | Published: 26 July 2017

EDUCATION

UZ Research Week begins

The University of Zimbabwe (UZ) has opened its doors for the inaugural Research Week, which began this Monday to the 30th of July, where students and their staff are showcasing their scope of work and...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

Performance contracts for parastatals boards

The government is moving to introduce performance contracts for all parastatal board members, amid indications that failure to sign the contracts inside two months of appointment will be punishable by...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

IMF warns Zimbabwe on Command Agriculture

THE International Monetary Fund (IMF) has warned the government on the command agriculture programme, saying excessive public spending, if continued, could exacerbate cash scarcity, further jeopardise...

By Staff reporter | Published: 25 July 2017

OPINION

The impact of Zim's additional bond notes

The recent media reports that the Reserve Bank of Zimbabwe (RBZ) plans to inject more bond notes into the economy are unsurprising as no permanent solution to the country's cash crisis is yet found.De...

By Persistence Gwanyanya | Published: 25 July 2017

BUSINESS NEWS

Zim's competitiveness commission board named

INDUSTRY and Commerce minister Mike Bimha yesterday announced the National Competitiveness Commission Board (NCCB), saying the economy needs to start running, as it can "no longer afford to walk".Bimh...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

$200m Zimbabwe infrastructure fund unveiled

Johannesburg Stock Exchange listed Ecsponent Limited's controlling shareholder and Brainworks Capital founder George Manyere has unveiled a $200 million investment fund targeting key infrastructure pr...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

'Don't pay bribes to Zimra'

THE Zimbabwe Revenue Authority (Zimra) says it desperately needs partnership with other stakeholders to fight rampant smuggling and corruption at the ports of entry and along the country's borders, an...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

Chinamasa calls for patience on Zimbabwe revival

FINANCE and Economic Development Minister Patrick Chinamasa has called for patience among Zimbabweans, saying total economic revival cannot be achieved overnight.Speaking at the Institute of Chartered...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

Work with mining sector, industry urged

MANUFACTURING industries should take advantage of renewed momentum in the mining sector to create a strong supply chain synergy that will boost their earnings, Industry and Commerce Deputy Minister, C...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

Zimra struggles to curb smuggling

THE Zimbabwe Revenue Authority (Zimra) says it desperately needs partnerships with other stakeholders to fight rampant smuggling and corruption at the ports of entry and along the country's borders.Th...

By Staff reporter | Published: 25 July 2017

Latest News

Latest Published Reports

Latest jobs