BUSINESS NEWS

Govt salary cuts could trigger lawsuits

GOVERNMENT could face an avalanche of lawsuits after it unilaterally slashed salaries and allowances of parastatal bosses to a mere $6 000 per month, labour law experts warned yesterday.According to e...

By Staff reporter | Published: 20 March 2014

BUSINESS NEWS

Taxman cheated in Salarygate

State enterprises and municipal bosses, implicated in the on-going Salarygate scam might have prejudiced government of millions of dollars in possible tax revenue.Chinamasa told journalist on Tuesday ...

By Staff reporter | Published: 20 March 2014

BUSINESS NEWS

Zim govt cancels import and export licences

The Ministry of Industry and Commerce has cancelled all import and Export licences with effect from last week.Industry and Commerce minister Mike Bimha said holders of the old import and export licenc...

By Staff reporter | Published: 20 March 2014

OPINION

Are you an emotional labourer?

Emotional labourSome jobs have more emotional content than others. In this week's newsletter we look at the concept known as 'emotional labour', describing an aspect of all of our jobs where we deal w...

By Regenesys | Published: 20 March 2014

BUSINESS NEWS

Zim fails to utilise dry port facility in Namibia

Zimbabwe has been urged to develop its dry port facilities in Namibia in order to increase its trade reach to the international market.A dry port is an inland terminal directly connected by road or ra...

By Rumbidzai Mashayahanya | Published: 19 March 2014

BUSINESS NEWS

CZI reviews companies performance

THE Confederation of Zimbabwe Industries (CZI) is assessing the performance and status of its 300-strong members in view of the economic challenges companies in the country are facing.In an interview ...

By Staff reporter | Published: 19 March 2014

BUSINESS NEWS

Salaries and benefits of Parastatal bosses

...

By Staff reporter | Published: 19 March 2014

POLITICS

Govt cuts pay, perks for CEOs

Government has slashed salaries and perks for parastatal and local authorities' bosses to $6,000 monthly, pending finalisation of a comprehensive salary structure being crafted by the Cabinet Committe...

By Tendai Mugabe | Published: 19 March 2014

BUSINESS NEWS

IMF team in Zim for progress monitoring

A five member International Monetary Fund (IMF) comprising economists is in the country for the first Article IV consultations visit and Staff Monitoring Programme (SMP).The second visit is set for Oc...

By Staff reporter | Published: 18 March 2014

POLITICS

Kasukuwere cannot run a ministry

Savior Kasukuwere made international news headlines during the inclusive government when he campaigned vigorously for the Indigenisation of foreign-owned firms in the country.One does not need to be a...

By Staff reporter | Published: 18 March 2014

BUSINESS NEWS

France to resume lending to Zimbabwe

Direct government to government co-operation between France and  Zimbabwe will resume before the end of the year, French Ambassador to Zimbabwe, Laurent Delahousse has said.Delahousse told a Zimb...

By Staff reporter | Published: 18 March 2014

BUSINESS NEWS

Zinara to raise $47m for roads

THE Zimbabwe National Road Administration (Zinara) plans to raise $47 million revenue this year through the fuel levy which will be channelled towards road rehabilitation and maintenance, a government...

By Staff reporter | Published: 18 March 2014

BUSINESS NEWS

NSSA in Joina City financials storm

The National Social Security Authority (NSSA) is embroiled in a financial statement storm after allegedly misleading external auditors, the public and government over the purchase of 36,21% equity wor...

By Emmerson Njanjamangezi | Published: 18 March 2014

BUSINESS NEWS

CZI seeks to arrest economic decline

THE Confederation of Zimbabwe Industries (CZI) was yesterday set to hold an emergency meeting to map ways of containing the retrogression in the economy characterised by widespread company closures an...

By Staff reporter | Published: 18 March 2014

BUSINESS NEWS

ZBC board holds first meeting

The new Zimbabwe Broadcasting Corporation (ZBC) Board held its first meeting on Monday at Pockets Hill in Harare, with focus on revamping the national broadcaster.All board members comprising the Chai...

By Staff reporter | Published: 17 March 2014

BUSINESS NEWS

PSMAS in $40m tax evasion scandal

Rich pickings by former Premier Services Medical Aid Society group chief executive officer Dr Cuthbert Dube and other senior executives may not have been taxed since 2009, it has emerged.This past wee...

By Staff reporter | Published: 17 March 2014

BUSINESS NEWS

$35 million for infrastructure development

The government and the African Development Bank (AfDB) will this week unveil a $35 million grant towards the development of infrastructure projects.The plan is being made after a Protocol of Agreement...

By Staff reporter | Published: 17 March 2014

POLITICS

'Focus more on empowerment as opposed to indigenisation'

Foreign banks may not declare dividends in the next five years as they battle to mobilise the $100 million capital requirement and therefore Government should consider promoting empowerment as oppose...

By Staff reporter | Published: 17 March 2014

BUSINESS NEWS

'Exports only way to Zimdollar return'

FOREIGN Affairs deputy minister Christopher Mutsvangwa yesterday said exports were the only way that could lead to a comeback of the Zimbabwean dollar.Addressing MPs at a workshop on ZimAsset in Harar...

By Staff reporter | Published: 14 March 2014

BUSINESS NEWS

Indigenisation policy scares away Canadian investors

CANADIAN Ambassador to Zimbabwe Lisa Stadelbauer has said investors from his country were a bit jittery over the current state of the investment climate in Zimbabwe.Addressing legislators attending a ...

By Staff reporter | Published: 14 March 2014

BUSINESS NEWS

Zinwa unbundling underway

The Ministry of Water, Environment and Climate has begun the process of unbundling the Zimbabwe National Water Authority (Zinwa). Water, Environment and Climate Minister Savior Kasukuwere told parliam...

By Staff reporter | Published: 13 March 2014

BUSINESS NEWS

World Bank willing to assist Zimbabwe

The World Bank is interested in assisting Zimbabwe in resuscitating the smallholder livestock sector to boost the national herd. The national herd stands at 5, 2 million with three quarters of it comi...

By Staff reporter | Published: 13 March 2014

OPINION

Funding Zimbabwe's economic revival

History should only serve to remind us where we have come from, but should never limit what we can become.I notice that I could have left some of my judicious readers in the lurch last week with my su...

By Vince Musewe | Published: 13 March 2014

BUSINESS NEWS

Nhema says all firms should cede shares

The Minister of Youth Development, Indigenisation and Economic Empowerment, Francis Nhema, says all companies, particularly those in mining, are obliged to contribute to the community share ownership ...

By Staff reporter | Published: 13 March 2014

BUSINESS NEWS

IMF delegation to visit Zimbabwe

A DELEGATION from the International Monetary Fund (IMF) is expected to land in Harare today to carry out an annual Article IV consultation and review progress on the fund's supervised economic reform ...

By Staff reporter | Published: 12 March 2014

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