BUSINESS NEWS

Zim govt urged to act against dumping

THE abuse of the SADC trading protocols is on the rise as most goods that are being purported to have been manufactured in the region are actually coming from some continents as far as Asia, delegates...

By Staff reporter | Published: 11 October 2013

BUSINESS NEWS

Govt bans mining along rivers

Government has with immediate effect banned mining all activities across the country along river beds to halt environmental degradation.Mines and Mining Development Minister Walter Chidhakwa told del...

By Staff reporter | Published: 11 October 2013

BUSINESS NEWS

MAZ honours marketing achievers

FIVE individuals and corporates yesterday walked away with awards during the 2013 Marketers Association of Zimbabwe's exceptional Marketing Awards ceremony held in Mutare yesterday.Telecel Zimbabwe t...

By Staff reporter | Published: 11 October 2013

BUSINESS NEWS

Industry needs $10 billion for revival

Zimbabwe needs at least $10 billion to revive its distressed manufacturing sector, Industry minister Mike Bimha has said.The sector, which had stabilised from a decade-long recession following the for...

By Staff reporter | Published: 11 October 2013

POLITICS

CEO salaries bleed parastatals

AGAINST the backdrop of non-performance, the liquidity crunch and poor remuneration of junior employees among other factors, parastatal chief executives continue drawing high salaries ranging from $1...

By Staff reporter | Published: 11 October 2013

BUSINESS NEWS

'It's time to act,' says Bimha

Industry and Commerce Minister Mr Mike Bimha said yesterday there is nothing much to discuss on reviving Zimbabwe's ailing manufacturing sector except to focus on putting plans into action.He pointed...

By Staff reporter | Published: 10 October 2013

BUSINESS NEWS

Islamic expo to boost Zimbabwe business

The following is an interview with South Africa-based businessman and entrepreneur Vinay Naran, who will a key note speaker at the forthcoming Islamic Expo launch.1. What does this Expo mean to you pe...

By Staff reporter | Published: 10 October 2013

OPINION

What colour is your strategy?

As we approach the end of the year, many are starting to look towards a strategy for the New Year. In this week's newsletter we look into which strategy will work best for your organisation.Great phi...

By Regenesys | Published: 10 October 2013

OPINION

Non-Performing loans on the rise

The banking sector is under pressure due a growing number of non-performing loans. This is a cause of concern in terms of the health of the banking sector. Based on figures released by IMF in 2012, ...

By Staff reporter | Published: 09 October 2013

BUSINESS NEWS

ZNCC worried over imports

Zimbabwe National Chamber of Commerce says there is a worrying increase in the number of cheap imported goods which are about to expire that have rendered local goods uncompetitive.ZNCC vice president...

By Staff reporter | Published: 09 October 2013

BUSINESS NEWS

Zim - Zambia agree on outstanding $70m debt

Zimbabwe and Zambia have agreed on modalities to settle the outstanding $70 million debt owed to Lusaka for the shared cost of the Kariba Dam construction paving the way for the two countries to comme...

By Staff reporter | Published: 09 October 2013

BUSINESS NEWS

Zim's DFIs urged to expand horizon of funding

Zimbabwean Development Finance Institutions (DFIs) should strive to enlarge their resource mobilisation pool to include international capital markets, an official said on Monday.DFIs include institut...

By Staff reporter | Published: 08 October 2013

BUSINESS NEWS

Over 1 400 to exhibit at Sanganai-Hlanganani

At least 1 442 exhibitors will showcase their products at the annual Sanganai/Hlanganani World Travel and Tourism Africa Fair, up from 1 200 last year.Zimbabwe Tourism Authority public relations manag...

By Staff reporter | Published: 08 October 2013

POLITICS

'Indigenisation fronting is a serious crime'

Government has warned individuals and businesses who submit false information in their indigenisation plans. The Minister of Youths, Indigenisation and Empowerment Francis Nhema said fronting and subm...

By Staff reporter | Published: 08 October 2013

BUSINESS NEWS

Zimra investigating corrupt officers

The Zimbabwe Revenue Authority is investigating some of its customs officers who are deployed at Manica Transit Shed where vehicle imports into the country through Beitbridge border post are processed...

By Staff reporter | Published: 08 October 2013

BUSINESS NEWS

Strive Masiyiwa is one of Africa's 55 billionaires

Strive Masiyiwa, Zimbabwe's richest man and foremost telecommunications tycoon is one of Africa's 55 billionaires with a combined fortune of $143.88 billion. The average net worth of the members of th...

By Staff reporter | Published: 07 October 2013

BUSINESS NEWS

Zimbabwe maintains ban on GMOs

Zimbabwe has maintained that it will not embrace genetically modified organisms (GMO) technology despite the country facing imminent hunger threats.More than 2,2 million of the southern African countr...

By Staff reporter | Published: 07 October 2013

POLITICS

Parliamentarians gobble at least $200,000 per week

Parliamentarians gobble at least $200 000 per week in sitting allowances and accommodation when both Houses sit. Government also pays the legislators' travel and subsistence allowances in the form of...

By Staff reporter | Published: 07 October 2013

BUSINESS NEWS

Govt in bid to save industry

Industry and Commerce Minister Mike Bimha says Government is working to save companies from collapse after seeing industry capacity utilisation plummet to 39.6% in 2013 from 44% a year ago. Bimha spok...

By Staff reporter | Published: 07 October 2013

BUSINESS NEWS

CZI bemoans high power tariffs

High electricity charges topped the list of 17 factors that the Confederation of Zimbabwe Industries cited as negatively impacting on doing business in the country. While the country continues to face...

By Staff reporter | Published: 07 October 2013

OPINION

The banking crisis in Zimbabwe

By Hope Nyandoro of Zimnat Asset Management.Zimbabwe has always been known for defying the tried and tested laws of economics, and many prominent scholars have often been puzzled as to how the count...

By Hope Nyandoro - Zimnat Asset Management | Published: 06 October 2013

BUSINESS NEWS

$13,4m projects for Victoria Falls

TOURISM players in the resort town of Victoria Falls have submitted proposals for projects worth $13,4 million to the Zimbabwe Investment Authority (ZIA) and are seeking joint partnerships in the imp...

By Staff reporter | Published: 06 October 2013

POLITICS

'Zim to forge ahead with its indigenization'

Zimbabwe will forge ahead with its indigenization and empowerment drive while ensuring economic benefits to be spread widely but not just to a selected few, a Cabinet minister said.Newly appointed Ind...

By Staff reporter | Published: 04 October 2013

BUSINESS NEWS

RBZ seeks immunity from prosecution

THE Reserve Bank of Zimbabwe has approached the Supreme Court seeking to be granted immunity from prosecution and reprieve against paying back Bindura Trojan Nickel Mine over $1 million seized from th...

By Staff reporter | Published: 04 October 2013

BUSINESS NEWS

ZCTU warns of more job cuts

THE decline in capacity utilisation levels is a sad development for companies as it is likely to result in more job cuts, Zimbabwe Congress of Trade Unions president George Nkiwane has said.Nkiwane sa...

By Business Reporter | Published: 04 October 2013

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