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

BUSINESS NEWS

IDC fails to attract investors

LACK of interest from investors has forced the Industrial Development Corporation to put on hold its gold processing project.The project requires $233 million capital injection.IDC has been seeking te...

By Tinashe Makichi | Published: 22 April 2014

BUSINESS NEWS

Zimra tender raises eyebrows

The State Procurement Board has come under fire from losing bidders of a $2 million security tender for allegedly awarding the tender to two companies owned by one person.Trust Me Security and Tragic ...

By Staff reporter | Published: 17 April 2014

BUSINESS NEWS

NSSA to acquire a mobile clinic

The National Social Security Authority (Nssa) has said it is in the process of acquiring a specialised mobile clinic vehicle to screen workers working in areas that expose them to risks of contracting...

By Staff reporter | Published: 17 April 2014

BUSINESS NEWS

IDC shortlists SA firm for ZGB stake

THE Industrial Development Corporation has shortlisted a South African company to buy its 49 percent stake in struggling Zimbabwe Grain Bag.IDC has been seeking an investor to take over its stake in t...

By CAJ News. | Published: 17 April 2014

BUSINESS NEWS

IDC scouts for lithium partner

THE Industrial Development Corporation is scouting for a partner to either mine or process lithium ore into other value-added products such as batteries.The project feeds into the worldwide increase i...

By Staff reporter | Published: 26 March 2014

BUSINESS NEWS

CBZ boss named new RBZ governor

CBZ Holdings CE John Mangudya has been named the new Reserve Bank of Zimbabwe (RBZ) governor. Mangudya replaces Gideon Gono who was also head of CBZ before assuming charge at the central bank in 2003....

By Staff reporter | Published: 25 March 2014

BUSINESS NEWS

Zimbabwe hit by severe power cuts

Zimbabwe has been hit by severe electricity outages following a breakdown at a power plant that accounts for about half its national production, state utility ZESA said on Thursday. Homes and business...

By Reuters | Published: 03 March 2014

BUSINESS NEWS

BAZ says BOStv abused licence

The Broadcasting Authority of Zimbabwe has said BOStv was operating illegally as a free-to-air TV channel, and must be incorporated into the MYTV bouquet on a subscription basis as authorised by thei...

By Staff reporter | Published: 25 February 2014

BUSINESS NEWS

AfrAsia $5m rights issue fully subscribed

AfrAsia Zimbabwe Holdings says its $5 million rights issue was fully subscribed as the financial group continues with fundraising efforts to fund growth and meet regulatory requirements. This will hel...

By Staff reporter | Published: 21 February 2014

BUSINESS NEWS

CBZ appointments new of Board Chairman

CBZ Holdings Limited announces the appointment of Mr. Richard Victor Wilde as Chairman of the board with effect from 20 February 2014. Mr. Wilde is a former Deputy Governor of the Reserve Bank of Zimb...

By Staff reporter | Published: 21 February 2014
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