BUSINESS NEWS

Govt extends support for industry

GOVERNMENT has extended duty free rebates for a number of industries in 2018 as part of support measures aimed at increasing domestic productivity and increasing exports.Presenting the 2018 National B...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Bold moves in 2018 budget

GOVERNMENT will abolish 3 700 posts for youth officers and retire civil servants above the age of 65 starting January 2018 as part of measures to trim its expenditure among other interventions meant t...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

'Money supply growth to blame for forex premiums'

The mis-match between the supply and demand for foreign exchange, has led to the emergence of foreign exchange premiums in the market, Finance and Economic Development Minister Patrick Chinamasa has s...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

CTC launches competitiveness policy

ZIMBABWE'S Competition and Tariff Commission (CTC) has unveiled a National Competitiveness Policy to regulate mergers and acquisitions with a view to thwart anti-competitiveness agreements such as eme...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Govt to extend amnesty on outstanding taxes

Government will extend amnesty measures on outstanding taxes that were accrued prior to December 1, 2017, Finance and Economic Development Minister Patrick Chinamasa has said.Presenting his 2018 Natio...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Drastic change to Zim empowerment laws

Zimbabwe has made drastic changes to its controversial economic empowerment laws, restricting it to only two minerals.Presenting the 2018 National Budget on Thursday, Finance and Economic Empowerment ...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

RBZ bullish of plus 4% economic growth

The Reserve Bank of Zimbabwe (RBZ) is bullish an economic growth rate of above 4 percent is attainable in 2018 on the back of positive sentiment in the economy and the international goodwill following...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Army to descend at Beitbridge border post

Finance Minister Patrick Chinamasa has proposed the deployment of the military to Beitbridge to restore order as he accused clearing agencies of causing commotion at the border post.He said there were...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Chinamasa presents $5.1 billion budget

Finance and Economic Planning Minister Patrick Chinamasa has presented a US$5.1 billion 2018 national budget, projecting a 4.5 percent economic growth rate for next year.Presenting the budget statemen...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe budget woos foreign investors

Zimbabwe has taken steps towards ending its economic isolation in its first budget since the end of Robert Mugabe's 37-year authoritarian rule.Finance Minister Patrick Chinamasa announced a package of...

By BBC | Published: 07 December 2017

How Chinamasa intends to reduce government expenditure

EXPENDITURE MANAGEMENT The thrust of the 2018 Budget, consistent with the 'New Economic Order', calls for the implementation of a phased but Comprehensive and Coherent Expenditure Management Strategy ...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Chinamasa's 2018 Budget full text

Finance Minister Patrick Chinamasa says the country's 2018 budget will send a clear message to the world that Zimbabwe is open for business. ...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe to unveil post-Mugabe budget

Zimbabwe's new government is set to unveil its first budget since the fall of long-serving ruler Robert Mugabe.It comes a day after Finance Minister Patrick Chinamasa signed a $153m (£115m) loan agre...

By BBC | Published: 07 December 2017

BUSINESS NEWS

Economic reform talk unsettles ZCTU

THE Zimbabwe Congress of Trade Unions (ZCTU) has warned government against implementing economic reforms that would add pressure on the country's already strained working population.President Emmerson...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Another executive quits strife-torn CFI

There has not been peace at CFI for a long time with prolonged misunderstandings between Stalap and Nicholas van Hoogstraten's Willoughby's InvestmentsThere has not been peace at CFI for a long time w...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

SADC plugs power deficit

The region slipped into a power deficit a decade ago, partly due to its old plants failing to match expanding populations and economies.The region slipped into a power deficit a decade ago, partly due...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Business calls for radical budget

FINANCE Minister Patrick Chinamasa will today  present the 2018 National Budget in Parliament with business urging the minister to "break with the past and present a transformative" budget statem...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

IDBZ to list $30 million more bonds

THE Infrastructure Development Bank of Zimbabwe (IDBZ) plans to increase bond listing on the Financial Securities Exchange (FINSEC) alternative trading platform by more than $27 million worth of housi...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Market awaits 2018 budget

TURNOVER was low on the Zimbabwe Stock Exchange this week as investors exercised caution while waiting for the 2018 National Budget amid signs that foreign interest in local stocks was being rekindled...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

'Chinamasa should prioritise local content policy'

Finance minister Patrick Chinamasa should consolidate the country's local content policy in his National Budget presentation today to help steer industrialisation, Buy Zimbabwe has said.The pressure g...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Budget tests Mnangagwa's reform thrust

Finance and Economic Planning minister Patrick Chinamasa presents the first Budget in the post-Robert Mugabe era today, which will act as measure of President Emmerson Mnangagwa's commitment to chart ...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe to have its own currency

President Emmerson Mnangagwa's top priority is to ensure Zimbabwe has its own currency so as to stimulate economic growth and build investor confidence in the country, an official has said.Special Adv...

By Staff reporter | Published: 07 December 2017

POLITICS

New Zimbabwe Airforce boss named

Air Vice Marshal Shebba Shumbayaonda has replaced Perrance Shiri as Air Force boss on an acting basis, President Emerson Mnangagwa said at the unveiling of the name change of KG VI to Josiah Magama To...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

'Re-engage Govt on economy revival'

ZIMBABWEANS should capitalise on the new political dispensation and seek fresh engagement with Government leadership towards reviving the country's economy and fostering progressive development, an of...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe economy to grow by 4%, says RBZ

THE economy is projected to grow by 4 percent next year driven by a positive sentiment spurred by the new political dispension and anticipated good agriculture season, the Reserve Bank of Zimbabwe has...

By Staff reporter | Published: 07 December 2017

Latest News

Latest Published Reports

Latest jobs