BUSINESS NEWS

Black market forex unsustainable, says CZI

THE sourcing of foreign currency from the parallel market is not sustainable for industry operations and Government needs to capacitate the Reserve Bank of Zimbabwe (RBZ) to meet funding requirements ...

By Staff reporter | Published: 11 December 2017

BUSINESS NEWS

Fuel prices to go down

THE price of diesel will go down next year as  logistics associated with transporting the commodity will fall by half while the commodity will also be exempted from paying a road levy of 4c/litre...

By Staff reporter | Published: 03 December 2017

BUSINESS NEWS

AfDB initiative to create 25 million jobs

THE African Development Bank (AfDB) has launched a Youth Advisory Group that seeks to create 25 million jobs in Africa with target impact on 50 million youths over the next 10 years.The Presidential ...

By Staff reporter | Published: 01 December 2017

BUSINESS NEWS

Mnangagwa urged to scrap indigenisation law

ECONOMIC analysts say the best way for President Emmerson Mnangagwa's government to attract serious and long-term investment into the country is to scrap the controversial indigenisation law that has ...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

'Bond listing helps deepen capital markets'

GOVERNMENT has said the maiden listing of the Infrastructure Development Bank of Zimbabwe (IDBZ) energy bonds provides flexibility to investors in terms of investment period and helps the bank to achi...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

Mnangagwa's new Zimbabwe cabinet structure

Proposed civil service reorganisation....

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

Mugabe sons launch entertainment company

TripLife Entertainment, a promotions company reportedly owned by former president Robert Mugabe's sons; Robert Jnr and Chatunga was officially launched at Harem Nightclub in Johannesburg, South Africa...

By Staff reporter | Published: 27 November 2017

BUSINESS NEWS

Zimbabweans stash cash offshore

THE huge amounts of money held by Zimbabweans in foreign banks are a sign of the low confidence people have in the banking system, the Bankers Association of Zimbabwe president, Charity Jinya, has sai...

By Staff reporter | Published: 23 November 2017

BUSINESS NEWS

Zim needs immediate economic reforms - IMF

Zimbabwe must act quickly to dig its economy out of a hole and access international financial aid, the International Monetary Fund has warned.Government spending and foreign debt are too high and it n...

By BBC | Published: 23 November 2017

BUSINESS NEWS

Zimbabwe plans increased India trade

Zimbabwe has expressed interest to expand economic ties with India, one of the world's fastest growing economies. Currently, the bilateral trade between India and Zimbabwe is a modest $133 million, ac...

By Staff reporter | Published: 23 November 2017

BUSINESS NEWS

High costs affect Zimbabwe competitiveness

THE country's cost of liquidity, power, labour, water, transport and finance are abhorrent to competitiveness, a new report has shown.According to the Zimbabwe National Competitiveness Report (ZNCR) r...

By Staff reporter | Published: 22 November 2017

BUSINESS NEWS

NSSA asserts rights over Capital Bank

THE National Social Security Authority (NSSA) this week asserted its rights over Capital Bank, formerly ReNaissance Merchant Bank, which is now in liquidation and has been the subject of litigation by...

By Staff reporter | Published: 28 September 2017

BUSINESS NEWS

POSB depositors surge to 600 000 in three years

THE People's Own Savings Bank (POSB) has survived the hard economic conditions in the country and its depositors have risen to 600 000 in the last three years.This was revealed by the bank's public re...

By Staff reporter | Published: 19 September 2017

BUSINESS NEWS

Buyanga extends business to gold, precious metals

THE African Medallion Group (AMG) has extended the scope of its business activities to include gold purchasing and precious metal beneficiation.The development has seen AMG increasing its gold reserve...

By Staff reporter | Published: 13 September 2017

BUSINESS NEWS

ZimSwitch in huge transactions surge

NATIONAL electronic funds switch, ZimSwitch, recorded a 1 600 percent surge in digital transaction volumes during the first half of the year, from an average of 900 000 per month to over 16 million t...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Safeguard warns of increase in armed robberies

Safeguard Security has warned of a noticeable increase in crimes involving firearms, particularly in remote areas, and of an increase in break-ins in Harare's northern suburbs. It has urged those with...

By Agencies | Published: 23 August 2017

BUSINESS NEWS

CZI to complete manufacturing survey in October

THE Confederation of Zimbabwe Industries (CZI) says this year's manufacturing sector survey would be completed in October with the results expected in November.CZI president Mr Sifelani Jabangwe said ...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

RBZ governor backs street sales

STUNG by poor cash circulation on the market, Reserve Bank of Zimbabwe (RBZ) is encouraging local manufacturers to sell their produce directly to the market as a way of tapping into the money that is ...

By Staff reporter | Published: 06 August 2017

BUSINESS NEWS

RBZ owes MultiChoice $9 million

ANXIETY is growing among subscribers of the digital television service provided by MultiChoice Zimbabwe as banks throttle payment platforms, especially for non-AC holders.Even independent agents no lo...

By Staff reporter | Published: 06 August 2017

BUSINESS NEWS

Funeral assurance industry net profit up 56%

The funeral assurance sector registered a 56 percent growth in net profit to $2,54 million for the year ended March 2016 as claims dropped, the industry regulator said on Monday.Insurance and Pensions...

By Staff reporter | Published: 01 August 2017

BUSINESS NEWS

'We notified ZSE,' says Van Hoog

British tycoon Nicholas Van Hoogstraten says his investment vehicle - Messina Investments - notified the Zimbabwe Stock Exchange (ZSE) of its intention to buy out CFI Holdings minorities despite clai...

By Staff reporter | Published: 01 August 2017

BUSINESS NEWS

'No cash shortages in Zimbabwe,' says Chinamasa

FINANCE minister Patrick Chinamasa yesterday described the current cash shortages as a mirage, saying the government was satisfied with the prevailing liquidity position obtaining in the country.Addre...

By Staff reporter | Published: 25 July 2017

BUSINESS NEWS

Mine Entra kicks-off

Zimbabwe's premier mining exhibition, Mine Entra, has begun in Bulawayo, with a number of issues affecting the industry coming under the spotlight.The mining exhibition began with a Women in Mining Br...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Bulawayo rejects FBC housing proposal

THE Bulawayo City Council has rejected a bid by FBC Building Society, which sought a joint partnership in developing 517 high density residential stands in Luveve suburb.Following an engagement over t...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

British diplomats raise red flag over Zimbabwe debt clearance plan

British diplomats in Harare have privately expressed serious concerns over Zimbabwe's plans to mortgage gold reserves to guarantee a syndicated long-term loan arranged by the African Export and Import...

By Staff reporter | Published: 14 July 2017
Pages:
1
2
3
4

Latest News

Latest Published Reports

Latest jobs