BUSINESS NEWS

'Zimbabwe should compete for investment'

ZIMBABWE should compete with other states in implementing policies that attract foreign direct investment to boost economic growth, an official said.In the context of global and regional competition f...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zim, China seal new $213 million deal

The People's Republic of China yesterday extended a $153 million loan facility to Zimbabwe for the upgrade of the Robert Gabriel Mugabe International Airport, as the two countries continue to deepen t...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zanu-PF farm invaders resist eviction

ZANU-PF land invaders at Heany Junction Farm in Umguza, Matabeleland North, have filed an urgent High Court chamber application seeking an interdict order to stop their eviction by law enforcement age...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Military muscles into first post-Mugabe Cabinet

President Emmerson Mnangagwa appointed senior military officials to top posts in his first Cabinet on Friday in what is widely seen as a reward for the army's role in the removal of his predecessor, R...

By Reuters | Published: 07 December 2017

OPINION

Chinamasa's fine balancing act

ZIMBABWEANS wait with bated breath for Finance Minister Patrick Chinamasa's 2018 National Budget Statement, which he is expected to present this afternoon; outlining macro-economic and fiscal objectiv...

By Clive Mphambela | Published: 07 December 2017

BUSINESS NEWS

Buyanga sued over property transfer deal

A LOCAL property mogul, Frank Tawanda Buyanga, has been taken to court by a Harare man, Collin Cecil Rose over a botched property transfer deal signed 10 years ago.Rose recently filed a court applicat...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Slow local bond market uptake worries SecZim

THE Securities and Exchange Commission (SecZim) says it is worried about the slow uptake of bonds listed on the local markets. Bonds are a debt security under which the issuer owes the holders a debt ...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zim, Zambia strike $115 million power debt deal

AFTER almost a year of complex negotiations, Zimbabwe has finally struck a deal with Zambia on payment modalities for a US$114,8 million interest on the federation-era debt that Lusaka is owed by its ...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe government to downsize farm sizes

GOVERNMENT is continuing to reduce farm sizes and redistributing land to curb multiple farm ownership and ensure maximum utilisation of land to enhance productivity.In an interview, the Minister of St...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

$20m shopping mall on the cards

Zimbabwe Agriculture Society (Zas) is in the process of constructing a $20 million state-of-the-art shopping mall at the Exhibition Grounds in Harare.Zas chief executive Anxious Masuka said his organi...

By Staff reporter | Published: 06 December 2017

POLITICS

Mnangagwa to shake up Zim security sector

A roots-and-branch shake-up is in the offing in the security sector as President Emmerson Mnangagwa moves to fill in the vacancies occasioned by the elevation of top service chiefs before and after th...

By Staff reporter | Published: 06 December 2017

POLITICS

Mnangagwa asked to step in

A former employee of Bulk Cash and Carry Wholesale (BCCW) involved in a dispute with his employers has petitioned President Emmerson Mnangagwa to launch a probe into alleged cases of externalisation a...

By Staff reporter | Published: 06 December 2017

POLITICS

MPs castigate Mnangagwa over Cabinet

Parliamentarians yesterday castigated President Emmerson Mnangagwa for dropping two of his Cabinet ministers barely 48 hours after their appointment.At the weekend,  Mnangagwa dropped two men he ...

By Staff reporter | Published: 06 December 2017

POLITICS

Mnangagwa renovates Mugabe's former home

President Emmerson Mnangagwa is yet to move into the residential side of State House as it is undergoing renovations, a top government official has said.Mnangagwa's spokesperson George Charamba told t...

By Staff reporter | Published: 06 December 2017

BUSINESS NEWS

Zim endures 5-hour Internet blackout

Internet users suffered nearly six hours of downtime yesterday after service providers suffered a major fibre outage.The country is estimated to have lost millions of United States dollars in revenue,...

By Staff reporter | Published: 06 December 2017

BUSINESS NEWS

Zim, SA pledge smooth flow of cross border traffic

Zimbabwe and South Africa have pledged their commitment to facilitate the smooth flow of cross border traffic in line with the bilateral road transport agreement signed between the two countries.The Z...

By Staff reporter | Published: 06 December 2017

BUSINESS NEWS

Vendors' removal from CBD fails to kick off

The clampdown against vendors that was supposed to start yesterday under "Operation Restore Legacy" seemed to have failed to kick off as they continued parading their wares on pavements in the Central...

By Staff reporter | Published: 06 December 2017

BUSINESS NEWS

Zimbabwe branding initiative moves gear up

The nation branding initiative being piloted in Mashonaland West province has moved a gear up as the province has managed to come up with documentation that provides its socio, economic and cultural p...

By Staff reporter | Published: 06 December 2017

BUSINESS NEWS

National Competition Policy launched

Major strides have been made towards amending the Competition Act with the launch of the National Competition Policy this Tuesday signaling the pinnacle of this progress.Over the last two decades sinc...

By Staff reporter | Published: 06 December 2017

BUSINESS NEWS

Chinamasa 'can't speak about bonuses right now'

CIVIL servants will know about their bonuses tomorrow, a Cabinet Minister said yesterday.Finance and Economic Planning Minister, Patrick Chinamasa said all will be revealed when he presents the nation...

By Staff reporter | Published: 06 December 2017

BUSINESS NEWS

Mugabe ouster - Road contractor feels the heat

The contractor of the Beitbridge-Chirundu highway, Geiger International, risks facing contempt of Parliament charges after failing to appear before a parliamentary portfolio committee on the status of...

By Staff reporter | Published: 06 December 2017

BUSINESS NEWS

White collar, cyber criminals warned

White collar and cyber criminals' days are numbered as the country's law enforcement agents are ready to deal with such perpetrators in a bid to bring the country back to normalcy, a top military pers...

By Staff reporter | Published: 06 December 2017

BUSINESS NEWS

Star Group CEO falls, Steinhoff share price tanks

Shareholders are referred to the announcement released by STAR's major shareholder Steinhoff International Holdings N.V. ('Steinhoff') earlier today on SENS, in which Steinhoff informed its shareholde...

By sens | Published: 06 December 2017

Steinhoff CEO Markus Jooste quits

Steinhoff International Holdings' Chief Executive Officer Marcus Jooste resigned with immediate effect after the global furniture and clothing retailer reported irregularities in its accounts that req...

By Staff reporter | Published: 06 December 2017

BUSINESS NEWS

Work cut out for Mnangagwa

WORK is cut out for the new Cabinet as President Emmerson Mnangagwa's administration bids to deliver, despite the existence of the old guard which has failed in the past.Last week, Mnangagwa appointed...

By Staff reporter | Published: 06 December 2017

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