BUSINESS NEWS

Civil servants pay rise to increase inflation

RESEARCH firm IH Equities has said that the 15 percent salary adjustment for civil servants will spur demand in the retail sector pushing up the performances of operators in that area, while adding in...

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

Trade credit risks discussed at Zimnat conference

The majority of trade transactions across the world are conducted on open account terms, supported by a purchase order and invoice with mutually agreed payment terms as the basis for trust, according ...

By Agencies | Published: 11 June 2018

BUSINESS NEWS

Hwange firms slammed for sidelining locals

Hwange-based companies came under fire yesterday as residents complained bitterly that they are deliberately being excluded in terms of employment, even for junior positions of cleaners, which they cl...

By Staff reporter | Published: 06 June 2018

BUSINESS NEWS

Zimbabwe's first agricultural investment platform

UK based Mitah Group Ltd owned by Zimbabwean born entrepreneur Mr Michael Matope launches www.Farmvest.biz . Farmvest.biz - is Zimbabwe's first Agricultural investment Platform, it aims revolutionize ...

By Agencies | Published: 05 June 2018

BUSINESS NEWS

Mash Holdings reviews land banks

Listed property development firm, Mash Holdings says it is reviewing its land banks as a way of unlocking value for shareholders. The group's chairperson, Ron Mutandagayi said the company will maintai...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Employees sue Simms over $122 194 salary arrears

TWELVE employees at Simms Electrical Company in Bulawayo have taken their employer to court demanding payment of $122 194 owed in outstanding salaries after they recently obtained an arbitration award...

By Staff reporter | Published: 01 June 2018

BUSINESS NEWS

GZU partners TelOne

GREAT Zimbabwe University's Geography Department on Tuesday benefited from TelOne's Corporate Social Investment (CSI) Policy focusing on the environment, education, health and social welfare.Acting Te...

By Staff reporter | Published: 31 May 2018

BUSINESS NEWS

'Adopting Chinese currency makes sense,' says RBZ

The adoption of renmimbi/yuan as a reserve currency, will help the country repay loans and grants from China, the Reserve Bank of Zimbabwe has said.Zimbabwe and China have strong bilateral relations, ...

By Staff reporter | Published: 30 May 2018

BUSINESS NEWS

'Adopting Chinese currency makes sense,' says RBZ

The adoption of renmimbi/yuan as a reserve currency, will help the country repay loans and grants from China, the Reserve Bank of Zimbabwe has said.Zimbabwe and China have strong bilateral relations, ...

By Staff reporter | Published: 30 May 2018

BUSINESS NEWS

Zimbabwean innovator in Africa Prize finals

An innovation which uses a cheap and sustainable recycling method to recover precious metals has made it into the finals of the prestigious 2018 Africa Prize for Engineering Innovation.Zimbabwean che...

By Staff reporter | Published: 29 May 2018

BUSINESS NEWS

Zimbabwe banks go paperless

Like ducks to water, Zimbabwean retail banks are embracing technology to the point of doing away with paper transactions in their banking halls.This week, CABS became the latest institution to ditch p...

By Staff reporter | Published: 25 May 2018

BUSINESS NEWS

ZESA saves $1m by curbing power thefts

ZESA Holdings has managed to save revenue amounting to $998 228,87 after successfully implementing pro-active and reactive strategies to curb illicit losses.The power utility's public relations manage...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Zanu-PF disowns 'reckless' Mukupe utterances

Government yesterday described as "reckless, unlawful and contemptuous" the recent statement by Finance deputy minister Terrence Mukupe that the military would not allow MDC-T presidential candidate, ...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Zim to hold investment symposium in Canada

Zimbabwe is set to take the investment attraction campaign to Toronto, Canada, where a symposium is scheduled for this June.This comes as the country requires an estimated $11 billion in the next five...

By Staff reporter | Published: 21 May 2018

BUSINESS NEWS

Zim's crocodile industry rises against the tide

Basking in Zimbabwe's northern Zambezi Valley, the Nile crocodile, Africa's largest freshwater predator, is at ease in this hot and humid habitat.Less comfortable, however, are the reptile farmers of ...

By Al Jazeera | Published: 21 May 2018

BUSINESS NEWS

$65k bribe rocks Hwange Colliery

Hwange Colliery Company Limited (HCCL) managing director Thomas Makore's suspension was triggered by an extortion scandal involving a ZBC journalist and one of the struggling miner's senior executives...

By Staff reporter | Published: 20 May 2018

BUSINESS NEWS

$2bn mining deal in limbo

THE US$2,1 billion coal mining and coal-bed methane (CBM) gas extraction venture in the Gwayi area of Lupane, Matabeleland North, which was commissioned in 2012 and is being undertaken by China-Africa...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

Chaos rocks Delma Lupepe's company

DISCORD has hit Bulawayo's Merspin Limited, with the company's owner Delma Lupepe and judicial manager Cecil Madondo at each other's throats over the control and running of the firm's affairs.Once a t...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

Zim struggling with foreign payments backlog

ZIMBABWE'S foreign payments backlog has risen to over $600 million from $570 million in September last year, central bank governor John Mangudya has said.The governor dismissed assertions from pockets...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

SA frozen chicken imports continue

DESPITE a chicken import ban, data from the South African Revenue Services shows that over 1 000 tonnes of frozen chicken and offals were exported by that country to Zimbabwe from 2017.The Livestock,...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Zimpapers gets TV licence

The Zimbabwe Newspapers (1980) Ltd has been granted a television broadcasting licence by the Broadcasting Authority of Zimbabwe. This makes the media house the first and only fully integrated media ho...

By Staff reporter | Published: 16 May 2018

BUSINESS NEWS

Econet bags global, national awards

Econet Wireless Zimbabwe has demonstrated its stellar organisational capabilities by bagging top global and national awards for outstanding human capital development.The company was recently awarded t...

By Staff reporter | Published: 10 May 2018

BUSINESS NEWS

Govt intensifies drive to boost domestic tourism

GOVERNMENT is engaging tourism players with a possibility of reducing prices of hotel accommodation and activities to be affordable to locals as the drive to promote domestic tourism intensifies.Touri...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

RBZ releases $450k daily for tobacco farmers

The Reserve Bank of Zimbabwe (RBZ) says it is disbursing $450 000 daily to banks with branches at tobacco auction floors to ensure farmers access cash.This comes following an outcry from farmers who a...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

Chivayo misses deadline

INTRATEK, the company fronted by Harare businessman Mr Wicknel Chivayo has failed to meet the deadline for completion of pre-commencement works for the Gwanda solar project.Sunday News visited the sit...

By Staff reporter | Published: 06 May 2018
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