BUSINESS NEWS

Zimbabwe gets tough on borrowings

TREASURY will have the final signature on external loan contraction by parastatals and local authorities as part of far- reaching reforms to curb the recurrence of borrowings not meant for key project...

By Staff reporter | Published: 04 July 2014

BUSINESS NEWS

RBZ urged to set up a credit bureau

The Reserve Bank of Zimbabwe has been urged to expedite the setting up of the Credit Reference Bureau which will help enhance credit risk management given the increase in non-performing loans.The Cred...

By Staff reporter | Published: 04 July 2014

BUSINESS NEWS

Zimbabwe to rejoin UK gold trading centre

Zimbabwe plans to rejoin the London Bullion Marketing Association (LBMA) by the end of next year after complying with the global gold trading centre's requirements.The government is in the process of ...

By Staff reporter | Published: 04 July 2014

BUSINESS NEWS

Microfinanciers shun small enterprises

LENDING by microfinance institutions (MFIs) has remained skewed towards consumptive lending at the expense of supporting small and medium enterprises that are critical to economic development, the Res...

By Oliver Kazunga | Published: 03 July 2014

OPINION

Leading without authority

When you sit with ideas and you want to go places, it is often one of the hardest tasks to figure out how to lead without authority. Good leaders know they should unlock the potential of people by giv...

By Regenesys | Published: 03 July 2014

BUSINESS NEWS

Cabinet okays debt management system

Cabinet has approved proposals to establish a debt management system to monitor local and external borrowings by government institutions.The proposed setting up of the Zimbabwe Debt Management Office ...

By Staff reporter | Published: 03 July 2014

BUSINESS NEWS

Cabinet to review RBZ Debt Assumption Bill

The Reserve Bank of Zimbabwe (Debt Assumption) Bill has been submitted to Parliament for review as the move to re-capitalise the central bank and restore its core functions gathers momentum.The Bill, ...

By Staff reporter | Published: 03 July 2014

BUSINESS NEWS

'Need to re-engineer the Zimbabwean economy'

The Confederation of Zimbabwe Industries (CZI) has said Zimbabwe's economy needs re-engineering as a number of local companies' operating models are still based on an obsolete import substitution mode...

By Staff reporter | Published: 03 July 2014

BUSINESS NEWS

RBZ awaits govt debt take over

The Reserve Bank of Zimbabwe says it awaits the passage of the Debt Assumption Bill in parliament in order to start its operations on a clean balance sheet.Earlier on this week, central bank Governor ...

By Staff reporter | Published: 02 July 2014

BUSINESS NEWS

'Zimra taxes too high'

The Ministry of Finance and Economic Development has been taken to task over why the Zimbabwe Revenue Authority continues to levy high taxes on an industrial base which is shrinking due to economic ch...

By Staff reporter | Published: 02 July 2014

BUSINESS NEWS

Policy discord repel investors, says ZIA

Conflicting policies on investment and indigenisation by different government ministries and departments is confusing and scaring away both local and foreign investors, Parliament heard on Tuesday.Zim...

By Staff reporter | Published: 02 July 2014

BUSINESS NEWS

IDC to be modeled along lines of IDC of South Africa

The Industrial Development Corporation is set to relinquish its holding of several companies following its complete overhaul.Minister of Industry and Commerce Mike Bimha told the Parliamentary Portfol...

By Staff reporter | Published: 02 July 2014

BUSINESS NEWS

Old Mutual to relax DIMAF requirements

Struggling companies that have been failing to meet requirements to access the Distresses Industries and Marginalised Areas Fund (DIMAF) will be relieved following indications that Old Mutual has agre...

By Staff reporter | Published: 02 July 2014

BUSINESS NEWS

'Zim govt will not mortgage minerals,' says Chinamasa

Government will not consider using the country's mineral resources as leverage to mobilise funds needed to revive the economy before conducting geological surveys of the resources available, an offici...

By Staff reporter | Published: 02 July 2014

BUSINESS NEWS

Chinamasa looks to patch up Zimbabwe

Zimbabwe's economy is on the verge of recession, with low consumer demand and a liquidity crunch putting its businesses under strain.Against this backdrop, Finance Minister Patrick Chinamasa tells Pau...

By The Banker | Published: 02 July 2014

BUSINESS NEWS

ZIA to improve FDI stats

Government and its technical partners have established a technical team to collect Foreign Direct Investment statistics in the country, an official has said. The Zimbabwe Investment Authority chief ex...

By Conrad Mwanawashe | Published: 02 July 2014

OPINION

Importance of repaying bank loans

Financial institutions are a major source of funding that individual and organisations can borrow to finance personal and business issues.However, all borrowings from whatever source; banks, credit st...

By Sanderson Abel | Published: 02 July 2014

BUSINESS NEWS

New awards category for banks introduced

The Institute of Chartered Secretaries and Administrators in Zimbabwe has announced there will be a special award category for financial institutions in this year's Excellence in Corporate Governance ...

By Staff reporter | Published: 02 July 2014

OPINION

'Zimbabweans lack business acumen'

Government has admitted that Zimbabweans generally lack the skills to run businesses despite introducing Indigenisation policy, which stipulates a 49-51% ownership structure between foreign investors ...

By Tatenda Macheka | Published: 30 June 2014

OPINION

SA's wage rise a sneaky win for Zimbabwe

After what seemed like a lifetime, South Africa's Association of Mine workers and Construction Unions successfully negotiated a settlement with employers promising to triple entry level mining wages o...

By Bhekinkosi Ngubeni | Published: 30 June 2014

BUSINESS NEWS

Farmers to pay rent to Govt for using land

Farmers will soon pay between $1 and $3 per hectare in rent annually as Government steps up efforts to raise money to expedite the processing of 99-year-leases and promote productivity on the farms, t...

By Walter Nyamukondiwa | Published: 30 June 2014

BUSINESS NEWS

Zimbabwe not reviewing Indigenisation Act

The Zimbabwe Government on Thursday denied reports that it is in the process of amending the Indigenisation and Empowerment Act.Recent media reports indicated that the Government was in the process o...

By Staff reporter | Published: 26 June 2014

POLITICS

Gono accused of fraud

Bikita West legislator and ex-advisor to former Reserve Bank of Zimbabwe (RBZ) Governor Dr Gideon Gono, Dr Munyaradzi Kereke, has written a formal report on alleged tax fraud by his former boss.In a&...

By Staff reporter | Published: 26 June 2014

OPINION

Manufacturing pharmaceuticals: An untapped opportunity

Ever since the high tech generic drug production facility, Cinpharm-Cameroon, was set up, it is relatively easier for Cameroonians to have access to medicines. Now a low wage earner can access a cour...

By Carlos Lopes I BH24 | Published: 26 June 2014

OPINION

The art of delegation

The art of delegationManagers are expected to achieve results. Some definitions of management actually define this art as achieving objectives through others. The question is how can we effectively do...

By Regenesys | Published: 26 June 2014

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