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

BUSINESS NEWS

Informal sector contributes 50% to economic growth

ZIMBABWE's informal sector could be the sixth largest in the Sub-Saharan region, contributing between 40 percent and 50 percent to economic growth - an estimated $7 billion - especially for the four-y...

By Staff reporter | Published: 12 July 2017

BUSINESS NEWS

'Zimbabwe economic revival possible'

In this week's instalment of Women on Top - a new column that celebrates women in top positions - Daily News deputy business editor Ndakaziva Majaka caught up with State fixed phone operator TelOne's ...

By Staff reporter | Published: 04 July 2017

BUSINESS NEWS

Zimra plans blitz on tax defaulters

The Zimbabwe Revenue Authority (Zimra) has threatened to "descend" heavily on all tax defaulters who ignore the granted amnesty to regularise their outstanding tax bills.Gershem Pasi, the Zimra commis...

By Staff reporter | Published: 07 June 2015

BUSINESS NEWS

Wazara companies claim $400k from Royal

Businessman Zachary Wazara's companies - Spiritage Zimbabwe Limited (Spiritage) and  Suremed Medical (Suremed) - are claiming nearly $400 000 from collapsed Royal Bank Limited (Royal).According t...

By Staff reporter | Published: 07 June 2015

BUSINESS NEWS

Zimbabwe goods too expensive, says CZI

The strong US dollar adopted in 2009 and the depreciation of the South African rand in recent years has made local products 25 percent more expensive and less competitive compared to imported goods, t...

By Golden Sibanda | Published: 29 July 2014

BUSINESS NEWS

Coca-Cola empowers Zimbabwe women

Coca-Cola's assistant brand manager Vee Sibanda says at least 1,300 Zimbabwean female entrepreneurs have been empowered under its 5by20 empowerment programme. The programme seeks to address the most c...

By Charity Ruzvidzo | Published: 21 July 2014

BUSINESS NEWS

Stop cash leakages

MOST foreign-owned firms and weak cash movement laws in Zimbabwe could be blamed for the tight liquidity conditions prevailing in the economy, analysts have said.Analysts said Zimbabwe was now like a ...

By Staff reporter | Published: 02 July 2014

BUSINESS NEWS

ZNCC president re-elected

THE Zimbabwe National Chamber of Commerce (ZNCC) president Hlanganiso Matangaidze was last week re-elected the chamber's president for another one year term. His vice-president Davison Norupiri was al...

By Staff reporter | Published: 30 June 2014

BUSINESS NEWS

'High import duty fuelling smuggling,' says Zimra

Zimbabwe Revenue Authority (Zimra) is proposing to lower import duty on finished clothes to reduce smuggling and increase tax collection.Gershom Pasi, the Zimra Commissioner General, this week told th...

By Staff reporter | Published: 25 June 2014

BUSINESS NEWS

Consistency vital in implementing indigenisation

Youth, Indigenisation and Empowerment Minister Francis Nhema is satisfied with results of the Indigenisation and Economic Empowerment Act since its inception saying investors are now warming up to the...

By Staff reporter | Published: 14 June 2014

BUSINESS NEWS

Limpopo Bridge to undergo major facelift

The New Limpopo Bridge, one of Zimbabwe's most successful projects under build operate and transfer model, is undergoing extensive facelift ahead of its handover to Government next month. The bridge t...

By Staff reporter | Published: 29 May 2014

BUSINESS NEWS

Economists speak on policy review

Government's review of the indigenisation and economic empowerment policy to facilitate sector-specific implementation is a major breakthrough as it ensures that Zimbabweans own 100% of their resource...

By Staff reporter | Published: 27 May 2014

BUSINESS NEWS

CASE Handbook launched

FBC Holdings group chief executive Mr John Mushayavanhu said the CASE Handbook is an invaluable resource for the business community.The handbook was launched in Harare on Wednesday, with FBC again its...

By Martin Kadzere | Published: 26 May 2014

BUSINESS NEWS

Food outlet ordered to close over indigenisation

Scores of Golden Grill Fast Foods outlets workers in Bulawayo Friday arrived at work to find their workplace under lock and key after National Indigenisation and Economic Empowerment Board (NIEEB) of...

By Staff reporter | Published: 26 May 2014

BUSINESS NEWS

Captains of industry court EU investors

ZIMBABWE's captains of industry and commerce are this week set to meet their European Union counterparts in South Africa as part of efforts to attract foreign direct investment into the country.Confed...

By Staff reporter | Published: 06 May 2014

BUSINESS NEWS

ZIA approved investment projects valued at $93,4m

The Zimbabwe Investment Authority approved a total of 30 investment projects valued at $93,4 million in the first quarter of 2014 compared to 37 projects worth $37 million in the same period last yea...

By Staff reporter | Published: 23 April 2014

BUSINESS NEWS

SA seeks to bag R10m deals at ZITF

THE Department of Trade and Industry (the dti) will lead a group of South African companies to the 2014 Zimbabwe International Trade Fair (ZITF), which begins in Bulawayo today.The fair is being held ...

By Fin24 | Published: 22 April 2014
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