BUSINESS NEWS

ZimTrade Outward Trade delegation set for UK Mission

A high-powered delegation from ZimTrade, Zimbabwe's trade development and promotion organisation, will visit the United Kingdom (UK) on an Outward Trade Mission from the 2-6 September 2019.The delegat...

By Staff reporter | Published: 22 August 2019

BUSINESS NEWS

Smelly Dube scoops top UK award

GWERU-based private property developer Smelly Dube raised the Zimbabwean flag high at the ongoing African Achievers Awards International Lectures and Honours currently underway in Newington, United Ki...

By Staff reporter | Published: 16 July 2019

BUSINESS NEWS

Kombi operators raise fares

COMMUTER omnibuses here have hiked fares following the latest fuel price increase.The kombis moved from $1,50 to $2 as operators moved to cushion themselves against the continuously rising costs.The f...

By Staff reporter | Published: 16 July 2019

BUSINESS NEWS

Mthuli Ncube promises to reduce tax burden

FINANCE Minister Mthuli Ncube has promised relief on some taxes ahead of his interim budget on July 31, 2019, as a mid-term fiscal review statement measure to cushion people against the continuous ero...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Zimbabwe power outages a manifestation of endemic corruption in govt

THE massive daily power outages rocking the country have had a devastating impact on an already fragile economy, throwing into disarray President Emmerson Mnangagwa's mantra that "Zimbabwe is open for...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Shambles rock Zimbabwe govt over domestic debt

GOVERNMENT is guesstimating the real domestic debt figure despite announcing that it settled a significant portion of it last week as chaos continues to characterise official communication on the stat...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Former top govt official in US$5 million Zinara storm

FORMER deputy chief secretary to the president and cabinet Ray Ndhlukula is in the eye of a storm after it emerged this week that he unprocedurally ordered the Zimbabwe National Roads Administration (...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Mnangagwa's govt stalls Harare bus deal

CHINA Nachang Engineering (Pvt) Ltd has withdrawn from a US$400 million deal with Harare City Council which was expected to supply 600 green-energy buses in the metropolitan province, saying it was ad...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Zimbabwe banks ditch Paynet, test own system

Relations between banks and bulk electronic payments service provider, Paynet Zimbabwe, may have irretrievably broken amid revelations that the banks are on the verge of testing an alternative system....

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Zimbabwe civil servants brace for strike

CIVIL servants yesterday said they had run out of patience with their employer over poor remuneration and threatened to take "appropriate action" if government fails to come up with a satisfactory wag...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Harare proposes 300% increase in service charges

Harare City Council yesterday presented a ZW$483 million supplementary budget which will see a 300% rise in charges for water, refuse collection, clamping fees, tow-away and burial space, among other ...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Mangoma nailed over Zesa tender scam

PROCUREMENT and Regulatory Authority of Zimbabwe (Praz) chief executive Nyasha Chizu yesterday said former Energy minister Elton Mangoma violated the Procurement Act by giving a South Korean company a...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Armed robbers rob Sino Non-Metal Resources of US$44,000

Six armed men robbed four Chinese nationals on Wednesday morning of US$44 200, ZWL$2 920 and 500 Chinese yuan at Sino Non-Ferrous Metal Resources gold milling company in Shurugwi.The robbers also got ...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

'Project delays costing RG’s Office'

THE Registrar-General (RG)'s Office has been incurring huge costs for unfinished district registry office projects, whose prices have since doubled or trebled due to late implementation.This was revea...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Bulawayo water woes to last another 2 weeks

BULAWAYO water woes will persist for at least two more weeks as council battles to complete rehabilitation works. Most parts of the city have gone for 10 days without running tap water. The Bulawayo C...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Mugabe coup announcer talks up investment in Westminster

Foreign Affairs and International Trade Minister Dr Sibusiso Busi Moyo yesterday had lunch with the powerful Westminster Africa Business Group in London and invited them to grab investment opportuniti...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Buy Zimbabwe pushes for law to support local industry

BUY Zimbabwe founder and director Munyaradzi Hwengwere has said his organisation is pushing for legislation to force local public institutions to buy locally and support local industries. This comes a...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Harare council takes delivery of wrong refuse trucks

HARARE City Council (HCC) which took delivery of single skip trucks instead of double skip trucks from FAW Zimbabwe are contemplating taking action against the supplier. Council environmental manageme...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Harare's refuse trucks stuck in SA

HARARE City Council (HCC) is failing to collect garbage as 15 refuse compactors are still stuck in South Africa because of lack of foreign currency to pay for their duty. Harare mayor Herbert Gomba sa...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Zimbabweans face another fuel price hike

FINANCE minister Mthuli Ncube says government is set to increase the prices of electricity and fuel because the current pricing structure was no longer sustainable.Zimbabwe is currently battling a sev...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Mnangagwa set to appoint new ZACC Commissioners

President Mnangagwa is soon expected to announce the appointment of members of the Zimbabwe Anti-Corruption Commission (ZACC) after Parliament submitted the list of successful candidates to his office...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Zimbabwe, Botswana negotiate cattle repatriation

Government is negotiating with Botswana to have hundreds of livestock that stray into the neighbouring country repatriated instead of being put down.Villagers along the border in Matabeleland South ha...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Masiyiwa 'former' lawyer's multi-currency regime challenge ruled not urgent

High Court judge Justice Joseph Musakwa has ruled as not urgent an application by businessman and lawyer, Tawanda Nyambirai who was seeking an order to interdict Finance minister Mthuli Ncube and Rese...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Zimbabwe trade deficit narrows by 71%

ZIMBABWE'S trade deficit narrowed by 71% to $325 million between February and May this year, with analysts attributing the decline to foreign currency shortages as well as a drop in the budget deficit...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Civil servants union divided over boycotting feedback meeting

Divisions have rocked the Apex Council with the Progressive Teachers Union yesterday boycotting a feedback meeting following deliberations between representatives of Government employees and the emplo...

By Staff reporter | Published: 11 July 2019
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