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ZIMBABWE

ZSE correction leaves companies nursing wounds

RESERVE Bank of Zimbabwe deputy director for international banking and portfolio management Ernest Matiza's prediction of the Zimbabwe Stock Exchange (ZSE) "bubble" bursting may finally be coming true...

By Staff reporter | Published: 8 hours ago

POLITICS

Mnangagwa to be sworn in as president on Friday

HARARE- Zimbabwe's former vice president Emmerson Mnangagwa will be sworn in as president on Friday marking a new era for a country dominated by Robert Mugabe whose swift downfall this week ended near...

By Staff reporter | Published: 8 hours ago

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: 8 hours ago

BUSINESS NEWS

Ministries push for fee reduction

SEVERAL ministries have given recommendations for the reduction of fees and removal of bottlenecks in a bid to attract investment in the country.Presenting at the sensitisation workshop organised by t...

By Staff reporter | Published: 8 hours ago

INDUSTRIALS & ENERGY

Edible oil producers seek to charge in forex

COOKING oil producers have approached the central bank asking to be allowed to sell some of their products for cash in foreign currency to be able to import raw materials.Oil Expressers Association of...

By Staff reporter | Published: 8 hours ago

POLITICS

Mnangagwa rises as Mugabe falls

The curtain finally came down on President Robert Mugabe's 37-year rule, as he resigned with immediate effect yesterday, triggering massive celebrations across the country.Mugabe had been under siege ...

By Staff reporter | Published: 9 hours ago

POLITICS

Wild cheers as dictator falls

Dictator Robert Mugabe finally resigned yesterday, ending his 37-year rule of Zimbabwe after the country's ousted Vice-President Emmerson Mnangagwa - dubbed "The Crocodile" - ordered him to quit.Zimba...

By Daily Mail | Published: 9 hours ago

POLITICS

Zanu-PF nominates Mnangagwa for President

The ruling party Zanu-PF has nominated Emmerson Dambudzo Mnangagwa to fill the vacancy of President following President Mugabe's resignation on 21 November 2017. Speaker of Parliament Advocate Jacob M...

By Staff reporter | Published: 9 hours ago

POLITICS

Mugabe resigns

President Robert Mugabe has submitted his resignation after nearly four decades as the country's leader.Mugabe defied demands to step down for almost a week after a military takeover and expulsion fro...

By Staff reporter | Published: 9 hours ago

POLITICS

US to remove Zimbabwe sanctions?

The United States said Tuesday that President Robert Mugabe's resignation offers Zimbabwe's people a "historic opportunity" for change and could help end its isolation on the world stage.Washington ha...

By AFP | Published: 9 hours ago

JOBS

TelOne recruiting cyber security analyst

TelOne is recruiting and we know you'd be interested.Here is the as it appeared in the press.CYBER SECURITY ANALYSTBased in Harare, the incumbent will be responsible to the Business Assurance Manager ...

By Staff reporter | Published: 9 hours ago

INDUSTRIALS & ENERGY

Delta, Zimra tiff rages on

ZIMBABWE'S largest beverage maker, Delta Corporation's legal battle to get interest of close to $700 000 on charges of underestimated taxes from state revenue collector Zimra rages on with the High Co...

By Staff reporter | Published: 9 hours ago

TRANSPORT & TOURISM

NRZ resuscitation at an advanced stage

Zimbabweans in business and ordinary people have every reason to smile as government has found a solution to the resuscitation of the National Railways of Zimbabwe (NRZ).The resuscitation will be done...

By Staff reporter | Published: 20 October 2017

FINANCIAL SERVICES

Getbucks' mortgage program gets positive uptake

Zimbabwe Stock Exchange-listed Getbucks Microfinance Bank says it is has extended mortgage loans to the tune of around $600 000 as at mid-year.The deposit-taking microfinance institution started offer...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Zim launches migration governance project

The Zimbabwe government on  Thursday launched the Promoting Migration Governance in Zimbabwe (PMGZ)  project aimed at supporting the development of improved migration policies and frameworks...

By Staff reporter | Published: 20 October 2017

ZSE TODAY

Market Commentary 20 October 2017

INDUSTRIALSThe Industrial Index closed the week on a high note after adding 0.48 points (0.09%) to close at 517.71 points.MEIKLES (MEIK.zw) was up $0.0223  to trade at $0.4300 , FIRST MUTUAL HOLD...

By zse | Published: 20 October 2017

INDUSTRIALS & ENERGY

Cairns Foods eyes regional markets

Cairns Foods says it is eyeing the regional export market by year 2019 and 2020 as it seeks to boost its revenue streams and foreign currency earnings.Chief executive Nancy Guzha told exporters at a Z...

By Staff reporter | Published: 20 October 2017

ANNOUNCEMENTS

CBZ.zw | Further Cautionary Statement

Further to the cautionary statements issued by the CBZ Holdings Limited Board on 2 May 2017, 31 May 2017, 19 July 2017, 23 August 2017 and 21 September 2017, the Directors of CBZ Holdings Limited advi...

By CBZ | Published: 20 October 2017

BUSINESS NEWS

Zim panic sends Bitcoin soaring over $6,000?

Bitcoin is the latest indicator to show that Zimbabwe's attempts to defy economic gravity will, as before, result in unplanned-for ­con­sequences and bruises on the way down.According to TheNational...

By Staff reporter | Published: 20 October 2017

FINANCIAL SERVICES

Zimswitch to launch payment system

Zimswitch says it plans to launch two payment streams simultaneously with other Sadc countries that are expcted to complete their trial runs on a cross-border payment system by July next year .The com...

By Staff reporter | Published: 20 October 2017

POLITICS

ZCTU, govt clash over interference

THE Zimbabwe Congress of Trade Unions (ZCTU) has confronted government over its failure to streamline ministerial powers that interfere with trade union activities in the draft of the amended Labour A...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Zimbabweans stash forex as economy sinks

IN recent weeks some financial institutions have announced they are further reducing limits for foreign card payments such as MasterCard, Visa Card and debit card settlements with some suspending the ...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Forex delays wreak havoc

THE delay in the allocation of foreign currency to companies by the Reserve Bank of Zimbabwe (RBZ) has resulted in businesses cancelling orders and suppliers doubling of prices to allow them to source...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Government repeals imports restriction law

THE Govermment has repealed Statutory Instrument 64 of 2016 and consolidated various import licensing regulations under the newly gazetted Statutory Instrument 122 of 2017, Industry and Commerce Minis...

By Staff reporter | Published: 20 October 2017

MINING & RETAIL

Miners want 15% tax on platinum exports scrapped

ZIMBABWE'S platinum miners are lobbying government to either scrap or defer payment of a 15% export tax on unprocessed ore as the capital-intensive industry pushes for a raft of reforms ahead of the f...

By Staff reporter | Published: 20 October 2017
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