GOVERNMENT could face an avalanche of lawsuits after it unilaterally slashed salaries and allowances of parastatal bosses to a mere $6 000 per month, labour law experts warned yesterday.According to e...
State enterprises and municipal bosses, implicated in the on-going Salarygate scam might have prejudiced government of millions of dollars in possible tax revenue.Chinamasa told journalist on Tuesday ...
The Ministry of Industry and Commerce has cancelled all import and Export licences with effect from last week.Industry and Commerce minister Mike Bimha said holders of the old import and export licenc...
BOTSWANA Stock Exchange listed retail group, Choppies Enterprises plans to open more outlets in the country this year to add to the current 13 already in operation.According to the group's unaudited f...
THE country has since the beginning of the year exported 14.3 million kilogrammes of tobacco worth $51.8 million with Belgium leading as the major buyer of the golden leaf.Latest statistics from the T...
AIR Zimbabwe has increased its fares following the withdrawal of the 50-seater Embraer ERJ 145 LR that was leased to the national airline by Solenta Aviation Limited.The airline used to service local...
Mobile banking has grown phenomenally due to a 104 percent growth in mobile penetration and the registration of over 7 000 mobile agents across the country, the Reserve Bank of Zimbabwe has revealed. ...
Government is reviewing submissions made by gold mining companies pleading for a reduction in royalties to save the industry from potential collapse amid low bullion prices on global market. Gold mini...
PROPARCO, a French Development Finance Institution yesterday signed a five-year loan agreement for $10 million with CABS. Proparco, which also signed a $10 million loan agreement with NMBZ following t...
GOVERNMENT is planning to set up a lithium processing plant in Bulawayo, which would be crucial in the production of batteries in the country, an official said. Mr Valentine Vera, a metallurgy directo...
Emotional labourSome jobs have more emotional content than others. In this week's newsletter we look at the concept known as 'emotional labour', describing an aspect of all of our jobs where we deal w...
Financial Highlights:- Revenue: $ 42 878 242- Gross profit: $ 10 495 696- Profit from operating activities: $ 124 387- Net finance costs: $ (3 203 140)- Loss from operations before income tax expense:...
Financial Highlights:- Revenue: $ 55 861 131- Gross profit: $ 14 934 276- Net earned insurance premium: $ 16 680 064- Total net income: $ 79 500 365- Profit before income tax: $ 16 220 524- Profit for...
Financial Highlights:- Revenue: $ 100 051 503- Operating loss: $ (1 837 711)- Loss before tax: $ (2 316 633)- Income tax credit: $ 535 722- Loss for the period from continuing operations: $ (1 780 911...
There was just one Delta special deal worth $767 000 to write home about during midweek trades Wednesday as no single counter trading in the positive out of the 26 counters that traded.Brokers Lynton ...
Financial Highlights:- Revenue: $ 6 670 973- Operating profit: $ 1 960 329- Profit before tax: $ 2 237 509- Profit after tax: $ 1 812 401- Dividend per share: 0.024 US cents- Total comprehensive incom...
Financial Highlights:- Revenue: $ 29 322 787- Gross profit: $ 26 190 900- Profit from operations: $ 2 785 824- Profit before tax: $ 1 009 658- Profit after tax from continuing operations: $ 1 225 989-...
Zimbabwe has been urged to develop its dry port facilities in Namibia in order to increase its trade reach to the international market.A dry port is an inland terminal directly connected by road or ra...
Business ReporterThe Zimbabwe Chamber of Small Scale Entrepreneur (ZCSME) will next week host a mining indaba in Gweru whose primary focus is to foster a collective working relationship between miners...
THE Confederation of Zimbabwe Industries (CZI) is assessing the performance and status of its 300-strong members in view of the economic challenges companies in the country are facing.In an interview ...
The revival of the Cold Storage Commission (CSC) remains a major solution to the complete recovery of Zimbabwe's beef industry, Agriculture, Mechanisation and Irrigation deputy minister Paddy Zhanda h...
...
Government has slashed salaries and perks for parastatal and local authorities' bosses to $6,000 monthly, pending finalisation of a comprehensive salary structure being crafted by the Cabinet Committe...
ZESA Holdings may have to pay in excess of $5 million in tax liabilities accumulated from backdated salaries after the power utility effected a different salary structure to the one agreed at during c...
Listed property developer Zimbabwe Property Investments Limited has earmarked $2 million to purchase land to drive growth in property development. This comes as ZPI's financial results for the full ye...