BUSINESS NEWS

Rudland leaves CFI

Businessman Hamish Rudland has resigned from CFI Holdings (CFI)'s board ahead of a second extra-ordinary general meeting (EGM) called by Willoughby's Investments (Private) Limited (Willoughby's) in Ha...

By Staff reporter | Published: 13 December 2017

POLITICS

'Mujuru captured, we'll deal with people around her'

National People's Party (NPP) members yesterday described their leader Joice Mujuru as "captured", saying they were duty-bound to deal with the people surrounding her to rescue the troubled opposition...

By Staff reporter | Published: 13 December 2017

POLITICS

Cracks emerge in Mnangagwa's Zanu-PF

FRESH cracks have emerged in Zanu-PF over the selection of delegates to attend Friday's extraordinary congress amid claims that bona fide officials were being dropped by new provincial leaders, who ar...

By Staff reporter | Published: 13 December 2017

POLITICS

Chivayo a free man

LAWYERS acting for businessman Mr Wicknell Chivayo have dismissed reports that their client was arrested last weekend saying he was a free man who abides by the laws of the country.In a statement, Adv...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

Government to reduce import permits

Government will reduce the issuance of import permits after the festive season as demand of some basic commodities is expected to have declined.This comes after Government allowed shops and individual...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

Provinces get $51,7m for irrigation

A TOTAL of $51.7 million has been set aside for the rehabilitation of 6 100 hectares of irrigation land in four provinces under the Small Holder Irrigation Revitalisation Programme (SIRP) beginning ne...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

Zimbabwe not ready for Zimdollar return

ZIMBABWE is not ready to have its own currency until productivity levels recover to allow for the creation of reserves that will improve the liquidity situation, economic experts have said.Speaking du...

By Staff reporter | Published: 13 December 2017

POLITICS

ZDF, police warn revenge seekers

THE Defence and Security Services yesterday warned the public against seeking the services of members of the Zimbabwe Defence Forces (ZDF) to settle personal scores, taking advantage of the on-going O...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

Police challenged to fight corruption without fear

POLICE have been challenged to fight corruption without fear or favour as suggested by President Emmerson Mnangagwa.The Officer Commanding Bulawayo province, Senior Assistant Commissioner Stephen Muta...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

Qualified personnel should run Zim parastatals

GOVERNMENT should deploy skilled personnel to run public enterprises and hold management to account instead of continuously pumping money where there are no returns.Speaking during the 2018 National B...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

'$1.2 billion capital budget not enough'

THE $1.2 billion capital expenditure in the 2018 National Budget Statement is not adequate to drive robust growth in the economy.Industry and commerce experts said this in Bulawayo yesterday during a ...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

Zimbabwe gets $1.5 billion from Afreximbank

THE African Export-Import Bank (Afreximbank) yesterday announced a $1,5 billion economic stabilisation package for Zimbabwe that will go towards the revival of the productive sector to stimulate more ...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

Gweru roads project stalls

Bitumen World, a company which was contracted by Gweru City Council to resurface the city's heavily damaged road network, has suspended work amid reports the contractor is yet to be paid for the proje...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

Zim misses share of $4,8tn services exports

ZIMTRADE, the country's export promotion body, has lamented failure by Zimbabwe to tap the potential in export of services, valued at $4,8 trillion globally in 2015.In its monthly newsletter, the body...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

Budget slashes millions from commissions

Finance minister Patrick Chinamasa's 2018 budget dramatically reshapes Constitutional commissions, requiring millions in cuts to mandatory programs to set them on a path for a major overhaul.The $5,1 ...

By Staff reporter | Published: 12 December 2017

POLITICS

Mugabe flies out

FORMER President Robert Mugabe was expected to leave the country last night to the Far East for routine medical check-up.Well-placed sources within government told NewsDay that Mugabe would leave on b...

By Staff reporter | Published: 12 December 2017

POLITICS

Grace Mugabe's massive projects collapse

Grace Mugabe, wife of former President Robert Mugabe, had hoped to build a massive empire in the Mazowe area, but that utopian dream has been shattered by the strong winds of change that swept across ...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Manyaya joins Potraz

Netone public relations and special projects manager George Manyaya has joined the Postal and Regulatory Authority of Zimbabwe (Potraz) as head consumer affairs and publicity.The affable executive, wh...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

'Reconsider empowerment law review'

THE Affirmative Action Group (AAG) has asked government to reconsider its position on the indigenisation law, proposing that the threshold be reduced to between 10% and 30% for locals to benefit.Prese...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Chinamamsa sets aside $139m for infrastructure

GOVERNMENT has set aside a cumulative budget of $139 million for rail, road and air projects to improve and rehabilitate the country's transport network infrastructure to enhance their efficiency.The ...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Mnangagwa to commission Kariba power project

President Emmerson Mnangagwa is expected to commission Kariba South power expansion project's first unit on December 24, which will feed 150 megawatts onto the national grid.The project was undertaken...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Obert Mpofu's company sues over debt

HOME Affairs and Culture Minister Dr Obert Mpofu's company, Khanondo Safaris and Tours has taken a Victoria Falls construction firm to court over a debt of more than $15 000.Khanondo Safaris and Tours...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Banks accept 99-year leases

The Bankers' Association of Zimbabwe (BAZ) said on Friday it will now accept 99-year leases that were given to resettled farmers by Government as collateral for bank loans.Since Zimbabwe embarked on t...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Experts say local productions below standard

MOST, if not all, local content productions are sub-standard as they fail to meet the basic requirements needed by international satellite television channels, film experts have said.This, experts fro...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Bitcoin price breaches $30 000

THE price per bitcoin on the local cryptocurrency exchange breached $30 000 yesterday on the back of a surge in its international price, as it is now being traded as a futures.Futures are financial co...

By Staff reporter | Published: 12 December 2017

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