BUSINESS NEWS

Dairy industry lobbies for surtax on imports

Zimbabwe's dairy industry is lobbying government to introduce surtax on imported South African dairy products flooding the market. Due to high production costs in the country, imported milk from Sout...

By Business reporter | Published: 19 August 2013

POLITICS

CZI urges caution on indigenisation

The Confederation of Zimbabwe Industries has advised the soon-to-be formed government to put on hold a blanket approach on the indigenisation and empowerment regulations, adding that the policy requ...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Fuel dealers warned

Fuel operators risk losing their trading licences if they fail to comply with the mandatory blending of petroleum products and provide weekly returns to the Ministry of Energy and Power Development. ...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Low cotton output projected

A sharp decline in local cotton output is projected this year while concerns abound that crop funding by merchants for the next season may be lower than the previous year. It is understood that some ...

By Business reporter | Published: 19 August 2013

BUSINESS NEWS

Micro-Finance Unit for small-scale miners on cards

THE Zimbabwe Miners Federation is planning to set up a micro-finance unit for small-scale miners as a way of promoting self-reliance and doing away with the dependency syndrome on Government bailouts....

By Business reporter | Published: 15 August 2013

POLITICS

Bankers committed to working with new Government

THE Bankers Association of Zimbabwe has pledged its commitment to work with the Zanu-PF led Government after the party’s resounding victory in the harmonised elections.The revolutionary Zanu-PF Part...

By Business reporter | Published: 15 August 2013

POLITICS

1,000 foreign owned firms submit Zim indigenization plans

ABOUT 1 000 foreign owned firms have submitted plans to comply with indigenisation thresholds, but less than half have so far been approved, an official said. A total of 1 119 plans have been processe...

By Business reporter | Published: 15 August 2013

BUSINESS NEWS

Zimbabwe enforces cheap petrol blend

The Zimbabwean government has, with immediate effect, introduced mandatory blending of anhydrous ethanol and unleaded petrol at the level of 5% ethanol and 95% unleaded petrol (known as E5).Appropriat...

By Business reporter | Published: 15 August 2013

BUSINESS NEWS

RBZ rules out Fidelity bids

The Reserve Bank of Zimbabwe (RBZ) says it will maintain a controlling stake in Fidelity Printers and Refiners as efforts are on-going to mobilise funds for its recapitalisation.Fidelity Printers and ...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

Zimra launches blitz against defaulters

THE Zimbabwe Revenue Authority (Zimra) has launched a blitz against businesses and individuals owing the revenue authority.Zimra has highlighted concerns of late submission of returns and a growing li...

By Staff reporter | Published: 14 August 2013

BUSINESS NEWS

Skewed government policies restrain capital inflows

Uncertainty over government policies will continue to deter capital inflows needed to revive the economy despite Zimbabwe offering an array of investment opportunities, international experts have said...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

Chopper company fully booked ahead of UNWTO

THE Zambezi Helicopter Company, which offers flights over the falls, is fully booked ahead of the United Nations World Tourism Organisation (UNWTO) general assembly in Victoria Falls, an official said...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

Delegates book, register for UNWTO

At least 63 country delegations have made bookings in Victoria Falls as preparations for the United Nations World Tourism Organisation General Assembly enters the home stretch. Zimbabwe and Zambia are...

By Business reporter | Published: 14 August 2013

POLITICS

Uncertainty haunts Zimbabwe

As the country races towards year-end, the aftermath of Zanu-PF's heavily-contested election victory has brought uncertainty on a stuttering economy and could have a negative impact on millions of Zim...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

Zimbabwe Timber sales grow

Zimbabwe's national timber sales volumes surged 44.5% to 267 888 cubic metres for the year ended December 2012 due to increased demand in both local and export sales, latest industry statistics show. ...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

CBZ holds on to Caps head office

CBZ Bank is holding on to Caps Holdings head office after it emerged that last month's auction of the attached property was reversed. CBZ Holdings group chief executive officer John Mangudya last week...

By Business reporter | Published: 14 August 2013

POLITICS

Black empowerment tops Mugabe's agenda

President Robert Mugabe says his party won "a resounding mandate" from voters to complete a sweeping black empowerment programme to take over foreign and white-owned assets.Mugabe said on Tuesday the ...

By AP | Published: 13 August 2013

BUSINESS NEWS

Investor Protection Fund increase to $5,7m

The Securities Commission of Zimbabwe (SECZ) Investor Protection Fund has increased to $5,7 million from $3 million due to restoration of confidence in the capital markets.The funds which are aimed at...

By Business reporter | Published: 13 August 2013

BUSINESS NEWS

Zimra sets income tax returns deadline

THE Zimbabwe Revenue Authority (Zimra) has set September 30 as the deadline for the submission of income tax returns for individuals and companies for the year-ended December 2012.Income tax is the am...

By Business reporter | Published: 13 August 2013

POLITICS

ZCTU warns of retrenchments

THE Zimbabwe Congress of Trade Unions (ZCTU) has warned of more retrenchments as the country does not have investor-friendly policies.ZCTU president George Nkiwane last week told NewsDay Business that...

By Business reporter | Published: 13 August 2013

OPINION

Mugabe's new threat to foreign firms

NEWS that President Robert Mugabe will continue for a seventh term has left investors white in the face - not exactly a useful colour in Zimbabwe right now.Mr Mugabe will target the remaining 1,138 wh...

By Loni Prinsloo | Published: 12 August 2013

POLITICS

Mugabe promise to review salaries for civil servants

President Robert Mugabe has promised to review this year, as promised, the salaries of the civil service.He said this while addressing thousands of people who where gathered for the Heroes Day commemm...

By Business reporter | Published: 12 August 2013

OPINION

Mugabe win: Zimbabwe business' dilemma

LIKE everyone else in the country, Zimbabwean business owners and industry captains are in a serious dilemma.While there were desperate calls for "a clear winner" in July 31's election, as the coaliti...

By John Kachembere | Published: 12 August 2013

BUSINESS NEWS

Mutambara urges Zim companies to have a global mindset

Zimbabwean companies have been urged to take a global approach to penetrate the international markets and meet the growing demands of the population. Speaking at the inaugural Africa Business Leadersh...

By Business Reporters | Published: 12 August 2013

OPINION

Zimbabwe risks becoming mere trading outpost

THE recent announcement by Reckitt Benckiser, that they are closing their Harare plant signifies a continuation of the rapid de-industrialisation that threatens to render Zimbabwe a mere trading outp...

By Kevin Msipha | Published: 09 August 2013

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