BUSINESS NEWS

Zimbabwe economic reforms win IMF approval

The International Monetary Fund (IMF) has lauded Zimbabwe's economic reforms but warned they might take time to bear fruit since they were meant to correct mistakes that happened over two decades.IMF ...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

'80% of Zimbabweans have no savings'

NEARLY 80% of Zimbabweans neither have savings nor an emergency fund to fall back on, a new report on workers' spending patterns says.According to a survey carried out by the Industrial Psychology Con...

By staff reporter | Published: 11 October 2019

BUSINESS NEWS

Zimbabwe business, labour confront govt over TNF

GOVERNMENT has been taken to task for failing to take the Tripartite Negotiating Forum (TNF) seriously at a time the country's economic crisis is worsening.The TNF is a social dialogue platform that b...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

Mthuli Ncube taken to court over inflation figures

FINANCE minister Mthuli Ncube has been dragged to the High Court by National Social Security Authority (Nssa) employees who, in conjunction with members of the Zimbabwe Pension and Insurance Rights Tr...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

SECZ suspends stockbroker over possible abuse of client securities

The Securities and Exchange Commission of Zimbabwe has suspended stockbroker Benson Gasura to pave way for investigations into possible non-compliance with the regulator's directive on nominee account...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

Mthuli Ncube tables ambitious revenue collection figures

TREASURY has tabled an ambitious $14 billion revenue collection target by year 2019, despite only collecting a paltry 35% of that figure in the first half of the year.Revenue collections for the first...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

New dates for mining indaba

THE Zimbabwe Miners Federation (ZMF) has announced November 5 and 6 as the new dates for the Semi-precious Stones Convention, which is set to be opened by President Mnangagwa. The two-day indaba, whic...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Zimbabwe ready to ride on AfCFTA opportunities

Foreign Affairs ministry secretary James Manzou has told Parliament that Zimbabwe is geared to take advantage of the opportunities to be brought about by the African Continental Free Trade Area (AfCFT...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Companies, parastatals default paying tax: Zimra boss

Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani on Tuesday told Parliament that companies and parastatals were not paying taxes resulting in a huge tax debt.Mazani appeared before...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Business decries fuel price hikes

THE Zimbabwe National Chamber of Commerce (ZNCC) has expressed concern over continuous fuel price increases saying the trend was negatively impacting on production due to rising cost of goods and serv...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Cyber Crime Bill gets the nod

Cabinet yesterday approved the Cyber Crime, Security and Data Protection Bill which seeks to combat cyber crimes and enhance security in the wake of rampant abuse of the platform. The Bill, which prov...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Simbisa suffers exchange rate loss

LISTED fast food retail giant, Simbisa Brands Limited suffered a net foreign exchange loss of $2,7 million during the year ended June 2019, arising from revaluation of foreign denominated assets and l...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

StanChart opens Anfield doors

Standard Chartered Bank has flung open the doors of Liverpool's Anfield Stadium in a lifetime experience for seven footballers who will win the fourth edition of the popular Standard Chartered Cup tha...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Local firms seek to partner UK companies

SOME local companies are reportedly negotiating distributor arrangements with United Kingdom (UK) firms and have identified business partners who will provide machinery for value-adding their products...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Zimpapers hike prices of all its publications

Zimbabwe Newspapers Limited (Zimpapers) has announced new cover prices for all its publications with effect from Thursday 3 October 2019. Below is the statement from Zimpapers:Zimpapers would like to...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

ZCTU plans for mass action

AS THE prices of basic good continues to zoom beyond the means of the majority, any lingering hopes as recently expressed by under-fire Finance minister Mthuli Ncube that the country's deepening econo...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Bulawayo gets US$34 million for service delivery

GOVERNMENT has allocated US$34 million and ZWL$18 million to the City of Bulawayo to improve service delivery.This was revealed by Bulawayo Metropolitan Affairs minister Judith Ncube while addressing ...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Striking doctors dig in

ZIMBABWE'S health crisis continues to slide down the precipice, with doctors at public hospitals yesterday vowing to extend their industrial action, promising to report for duty today, but not giving ...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Zera, Zesa trigger price madness

PRICES of basic commodities, including fuel, and services continue to soar days after President Emmerson Mnangagwa threatened to introduce the Competition Act to impose deterrent penalties to combat w...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Nust students protest over exorbitant graduation fees

NATIONAL University of Science and Technology (Nust) students, who are expecting to graduate on November 8, have petitioned their administration over exorbitant graduation fees which they described as...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Storm brews over nostro accounts

THE Reserve Bank of Zimbabwe (RBZ)'s decision to tighten regulations on withdrawals of foreign currency by Zimbabweans who earn their salaries in foreign currency faces litigation, while analysts war...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Zimbabwe industry capacity utilisation to drop to 30%

MANUFACTURING sector capacity utilisation is projected to drop to about 30 percent this year from 48 percent in 2018 due to negative macro-economic factors that hit Zimbabwe since January, the Confede...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Doctors exit the Health Apex Council

Striking junior doctors might not be able to negotiate their conditions of service going forward following their latest decision to exit the Health Apex Council, which represents not only them, but th...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

ZACC goes after loot stashed in SADC

THE Zimbabwe Anti-Corruption Commission (ZACC) has intensified its efforts to recover ill-gotten wealth from the country being stashed in foreign lands by engaging with SADC members in the fight again...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Cash crisis shakes Mnangagwa's govt

CAUGHT in a dilemma between printing money and possibly fuelling inflation, or nursing acute cash shortages, President Emmerson Mnangagwa's government has turned to militant policies, controlling some...

By Staff reporter | Published: 06 October 2019
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