BUSINESS NEWS

Textile Mills exits judicial management

ONE of the oldest textile companies in Bulawayo, Textile Mills, has come out of judicial management after its creditors approved a scheme of arrangement to recapitalise the company, an official has sa...

By Staff reporter | Published: 16 August 2017

BUSINESS NEWS

Motovac opens second branch in Bulawayo

A LEADING regional automotive spare parts retailer, Motovac Group, will open its second branch in Bulawayo tomorrow creating an additional 18 new jobs.The motor spares retailer set up its first base i...

By Staff reporter | Published: 16 August 2017

OPINION

Savings as solution to SME financing

Cash in hand allows the business flexibility to take immediate advantage of opportunities when they arise, but also gives the SME a critical cash cushion when things turn out not so well during lean p...

By Dr Sanderson Abel | Published: 16 August 2017

POLITICS

Grace Mugabe due in South Africa court

FIRST lady, Grace Mugabe, is due in court in South Africa following reports of an alleged assault, South Africa's police minister says.Fikile Mbalula said: "She's not under arrest because she co-opera...

By BBC | Published: 15 August 2017

POLITICS

Mugabe, Mnangagwa clash

PRESIDENT Robert Mugabe yesterday disclosed that he had on several occasions clashed with a section of Cabinet ministers led by Vice-President Emmerson Mnangagwa over how to deal with capital punishme...

By Staff reporter | Published: 15 August 2017

BUSINESS NEWS

Special Economic Zones Authority hunts for CEO

The Special Economic Zones Authority (Seza) has begun hunting for a new chief executive officer who will spearhead the country's quest for increased foreign direct investment through Special Economic ...

By Staff reporter | Published: 15 August 2017

BUSINESS NEWS

'No power tariff hike yet'

Electricity tariff hikes will only be effected once the review of Zimbabwe Electricity Transmission and Distribution Company (ZETDC)'s supply capacity is completed, the energy industry regulator said....

By Staff reporter | Published: 15 August 2017

POLITICS

MDC-T property auctioned

The Morgan Tsvangirai-led MDC property recently attached over a $108 000 debt owed to the party's former employee - Sally Dura - is set to be auctioned on Friday.Dura, along with 15 other ex-MDC staff...

By Staff reporter | Published: 15 August 2017

BUSINESS NEWS

Intercape Harare-Cape Town service back

A LEADING luxury passenger transport service company, Intercape has re-introduced the Harare-Cape Town service due to public demand as well as the need to give quality service to customers.Speaking du...

By Staff reporter | Published: 15 August 2017

BUSINESS NEWS

BCC seeks investors in accommodation sector

BULAWAYO City Council (BCC) continues to face accommodation challenges and is calling upon potential investors to invest in the sector to address the situation, a senior official has said.The city's h...

By Staff reporter | Published: 15 August 2017

BUSINESS NEWS

Vehicle sales down 10.4% in 7 months

SALES for new vehicles dropped 10,4% to 1 874 in the first seven months of the year, as people continue to prioritise resources amid low disposable income.Over the same period last year, 2 092 vehicle...

By Staff reporter | Published: 15 August 2017

BUSINESS NEWS

RBZ to set up collateral registry

The Reserve Bank of Zimbabwe is in the process of setting up a collateral registry in line with the Movable Property Security Act which was recently signed into law by President Mugabe.Speaking at the...

By Staff reporter | Published: 14 August 2017

BUSINESS NEWS

National drug stocks set to improve

The country's national drug stocks are expected to improve in a few weeks following an injection of $4 million every month by Government, specifically for drug procurement, Health and Child Care Mini...

By Staff reporter | Published: 14 August 2017

BUSINESS NEWS

Govt to rein in health insurers

Government has begun consultations for a draft Medical Aid Societies Bill that is expected to regulate health insurers in the country if promulgated into law, Health and Child Care Secretary Dr Gerald...

By Staff reporter | Published: 14 August 2017

BUSINESS NEWS

Zim diaspora remittances overtake FDIs

Zimbabweans in the diaspora have realised the need to invest back their funds following a 40 percent increase in remittances which have overtaken foreign direct investments (FDI) during the first half...

By Staff reporter | Published: 13 August 2017

POLITICS

Tsvangirai in fight for his political life

For prime minister Morgan Tsvangirai, a week in politics has proven to be too long.Opposition party leaders after singing the MDC Alliance agreement on Saturday last weekThe ink had hardly dried after...

By Staff reporter | Published: 13 August 2017

POLITICS

Mugabe's deputy poisoned, rushed to hospital

Vice-President Emmerson Mnangagwa yesterday left the venue of President Robert Mugabe's rally in Gwanda in an ambulance and was immediately airlifted to Gweru after he started vomiting amid fears he c...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

Govt identifies suppliers of fiscalisation machines

THE Government has identified nine suppliers of fiscalisation machines as it moves to improve tax revenue collection.Zimra head of corporate communications Mr Canisio Mudzimu said nine suppliers inclu...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

Industry wants to pay Zesa US7c

INDUSTRIALISTS want the Zimbabwe Electricity Supply Authority to lower tariffs by 44 percent to US7c per kilowatt hour to ensure viability.They are currently levied US9c/kWh.Confederation of Zimbabwe ...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

Environment law delays diamond mining

THE Zimbabwe Consolidated Diamond Corporation's plan to produce two million carats (400kg) by year-end seemed to be in jeopardy after it emerged last week that the State-owned entity might have to wai...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

City of Harare slashes salaries

The Harare City Council will soon slash the salaries of all workers to reduce the wage bill which is gobbling a big chunk of the local authority's revenue.The looming salary cut follows a survey by an...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

Zim prophet to release anointed US$1 notes

WHILE many charismatic church leaders are known to acquire wealth through siphoning money off their flock in various ministries, Bulawayo's Doctor Prophet Blessing Chiza, leader of Eagle Life Assembly...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

EMA revokes kaylite reprieve

Supermarkets and restaurants are in a quandary after the Environmental Management Authority (EMA), revoked a three-month reprieve earlier given to expanded polystyrene ( kaylites) users following thei...

By Staff reporter | Published: 12 August 2017

BUSINESS NEWS

Govt avails $21.7m for Gwayi-Shangani Dam project

GOVERNMENT has availed $21,7 million to complete outstanding civils works at the Gwayi-Shangani Dam in Matabeleland North Province, a Cabinet Minister has said.The project which is touted as the solut...

By Staff reporter | Published: 12 August 2017

BUSINESS NEWS

Zimra to use a pre-clearance system

Ineffectual infrastructure has remained a significant contributor to bottlenecks at Zimbabwe's borders, with the Zimbabwe Revenue Authority (ZIMRA) moving to use a pre-clearance system to expedite flo...

By Staff reporter | Published: 11 August 2017

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