BUSINESS NEWS

Facelift and toll road for Beitbridge border post

The Beitbridge border post will be upgraded to improve traffic movement between South Africa and Zimbabwe‚ the SA National Roads Agency (Sanral) said on Thursday.Sanral spokesperson Vusi Mona said t...

By TimesLive | Published: 27 July 2018

BUSINESS NEWS

Zim engages Sadc over market access

ZIMBABWE is still engaging Sadc on full market access as it has not yet fully implemented the Sadc Free Trade Area due to industrialisation, a government official has said.In a statement early this we...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Banker's son shot dead in robbery

Police have launched a manhunt for armed robbers who broke into the home of Stanbic bank chief executive Joshua Tapambgwa and killed his son, David, during a robbery.National police spokesperson Senio...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Exporters urged to exploit trade pacts

BUSINESSES venturing into export markets should take advantage of trade benefits offered by Zimbabwe's bilateral and regional agreements to grow their businesses.Zimbabwe is a signatory to trade agree...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Per capita income up

Zimbabwe has a very bright future which is being bolstered by growing investor confidence that has seen the country's per capita income shooting from $900 in December last year to $1 011 by May this y...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Chivayo donates to charity

INTRATREK Zimbabwe this week donated $100 000 to a charity organisation headed by First Lady Amai Auxilia Mnangagwa and environmental sustainability initiatives being spearheaded by Government through...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Mnangagwa's position on Zimra tax penalties lauded

INDUSTRIES in Mutare, most of which are struggling to find their feet following years of economic recession, were left a relieved lot after they met President Mugabe who promised to put to an end the ...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Populist measures deepen fiscal crisis

GOVERNMENT'S recent decision to award soldiers and police a hefty "special allowance" a few weeks before Zimbabwe holds a crucial general elections on July 30 shows that President Emmerson Mnangagwa's...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Moti expands Zimbabwe footprint

African Chrome Fields (ACF) owners, the Moti group has purchased about 15 000 hectares (ha) of lithium claims around the Mutoko area in an expansion drive to see the group embark on diamond beneficiat...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

60% of Bulawayo shopping complex capital needs met

Construction of a $12 million shopping complex in Bulawayo's Cowdray Park suburb by Sai Enterprises is on course, with $6 million of the project's total capital requirements having been spent, an offi...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Ferguson dies

PROMINENT Beitbridge citrus farmer and philanthropist, Ian Ferguson, has died.His son Ian Ferguson (Jr) said his father died at home in Bulawayo at the weekend."He was at home and he passed on on Satu...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Credible elections will see GDP grow 6,5% by year-end

SOUTH African firm Emergent Research says a clear winner and a clean election will see the gross domestic product (GDP) grow to 6,5% by year end.Emergent Research is an investment research and advisor...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Business couple jailed over bank debt

HARARE businessperson Jameson Rushwaya and his wife Annie were yesterday slapped with an order for civil imprisonment after failing to settle a $174 000 loan with the now-defunct Tetrad Investment Ban...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Mnangagwa meets vendors today

President Mnangagwa is today expected to meet vendors at Harare International Conference Centre to discuss issues affecting informal workers. The event is being organised by the National Vendors' Unio...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Zimra busts smuggling syndicate

THE Zimbabwe Revenue Authority (Zimra), which is deepening its battle against corruption and smuggling, seized an assortment of goods worth thousands of dollars at the Beitbridge Border Post last week...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Zimra to review tax fines

THE Zimbabwe Revenue Authority (Zimra) is considering reviewing downwards interests and penalties on tax defaults amid revelations that a whopping $2 billion was charged in 2017, almost doubling the c...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Robert Mugabe 'hindered FDI inflows'

FORMER president Robert Mugabe was a hindrance to foreign direct investment (FDI) inflows due to his bad policies and mismanagement of the economy, a senior government official has said.Monica Mutsvan...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Mnangagwa overwhelmed by calls to open projects

President Emmerson Mnangagwa says his office is failing to cope with the huge number of invitations from the corporate world inviting him to come and open or commission business projects and entities ...

By Staff reporter | Published: 25 July 2018

BUSINESS NEWS

Zinara seeks $30m to buy new equipment

Zinara is seeking close to $30 million to purchase road construction equipment. Transport minister Joram Gumbo said government will contribute $20 million while the roads administrator will chip in wi...

By Staff reporter | Published: 25 July 2018

BUSINESS NEWS

Zim economy desperate for election turn-around

Zimbabwean factory manager Sifelani Jabangwe is a survivor of the Mugabe years, overseeing a company that stayed in business through hyperinflation, the national currency being abandoned and an exodus...

By TimesLive | Published: 25 July 2018

BUSINESS NEWS

Zimra tightens noose on smugglers

THE Zimbabwe Revenue Authority (Zimra) says seizure of contraband has risen significantly over the past few days after it tightened screws on cross-border traders involved in smuggling of goods across...

By Staff reporter | Published: 25 July 2018

BUSINESS NEWS

Delta to invest $250m in Zimbabwe plants

Foreign direct investment (FDI) continues to firm under the new administration as Delta Corporation commits to invest a quarter of a billion in its local plants over the next five years.The beverage m...

By Staff reporter | Published: 24 July 2018

BUSINESS NEWS

Dualisation of the Mutare-Plumtree highway taking shape

The dualisation of the Mutare-Plumtree highway is taking shape with the government expected to commission the Ruwa-Goromonzi up to Melfort tollgate stretch which have been dualised while the construct...

By Staff reporter | Published: 24 July 2018

BUSINESS NEWS

Cold weather spell persists

The Meteorological Services Department has warned that the country, especially the central, eastern and southern regions, will continue to be cold, cloudy and windy. MSD, however said it should start ...

By Staff reporter | Published: 24 July 2018

BUSINESS NEWS

'Youths forced to pay bribes to get jobs'

CORRUPTION is said to be affecting the employability of youths as they were often asked to pay bribes of between $300 and $500 before they could get jobs at most institutions.Transparency Internationa...

By Staff reporter | Published: 24 July 2018
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