BUSINESS NEWS

50 apply for hangman's post

OVER 50 Zimbabwean job-seekers have applied for the hangman's post which had remained vacant since 2005, a top official in the Justice ministry has said.Justice ministry secretary Virginia Mabhiza sai...

By Staff reporter | Published: 16 hours ago

BUSINESS NEWS

NSSA property attached

The National Social Security Authority is set to lose property worth $628 000 after it was attached by a former employee who won his case at the High Court. The High Court last week ordered NSSA to pa...

By Staff reporter | Published: 16 hours ago

BUSINESS NEWS

Zimbabweans hold on to greenback

FOREIGN currency cash transacted in July was $101,82 million down from $334,61 million in April, showing more people are increasingly holding on to the greenback, latest, statistics from the central b...

By Staff reporter | Published: 16 hours ago

BUSINESS NEWS

Highway dualisation project gets national status

Government has granted national project status to the 3million  Beitbridge-Chirundu highway dualisation project following months of protracted negotiations. dualisation project following months o...

By Staff reporter | Published: 16 October 2017

BUSINESS NEWS

Zimra urged to offer tax incentives

The Zimbabwe Revenue Authority has been urged to offer tax incentives to micro insurance players as a way of encouraging financial inclusion. Insurance and Pensions Commission (Ipec) commissioner Tend...

By Staff reporter | Published: 16 October 2017

BUSINESS NEWS

CZI warns of food crisis

Continued foreign currency shortages could spark another food crisis unless urgent measures are taken for the country to increase its exprt earning, the Confederation of Zimbabwe Industries (CZI) has ...

By Staff reporter | Published: 16 October 2017

BUSINESS NEWS

Fertiliser demand shoots up

Zimbabwe's fertiliser demand has reached levels reminiscent and country's Africa's breadbasket status and manufacturers say the spike has seen them raising capacity to meet national requirements. Farm...

By Staff reporter | Published: 16 October 2017

BUSINESS NEWS

Zim introduces livestock levy

Government has with immediate effect introduced Livestock Development Levy that will affect people involved in the production of day old chicks, buying raw milk and slaughtering beef cattle. Producers...

By Staff reporter | Published: 16 October 2017

BUSINESS NEWS

Zimra expects to surpass FY target by 15%

THE Zimbabwe Revenue Authority (Zimra) says it expects to surpass the $3.7 billion revenue target by at least 15 percent, as it ups collection efforts.In the half year to June 30, revenue inflows amou...

By Staff reporter | Published: 16 October 2017

BUSINESS NEWS

Solar power projects stall

FUNDING challenges have stalled three major solar power projects that the Government intended to embark on to boost electricity supply, the Senate heard last Thursday.The three are Insukamini in Bulaw...

By Staff reporter | Published: 16 October 2017

BUSINESS NEWS

Brainworks pioneers JSE main bourse listing

Brainworks Limited on Friday broke new ground after it became the first Zimbabwean company to have a primary listing on the Johannesburg Stock Exchange. Brainworks has subsidiaries in real estate (Daw...

By Staff reporter | Published: 16 October 2017

BUSINESS NEWS

CZI to release manufacturing sector survey report

THE Confederation of Zimbabwe Industries (CZI) will release its 2017 manufacturing sector survey report on Wednesday, amid indications that capacity utilisation will surpass the 47,4% mark achieved in...

By Staff reporter | Published: 16 October 2017

BUSINESS NEWS

RBZ to float tender for collateral registry system

THE Reserve Bank of Zimbabwe (RBZ) will soon go to tender for the provision of a collateral registry system that will allow banks and micro-finance institutions to vet the suitability of movable colla...

By Staff reporter | Published: 16 October 2017

BUSINESS NEWS

Import control measures save Zimbabwe $2bn

Zimbabwe saved over $2 billion in potential import expenses following the introduction of import control measures under Statutory Instrument 64 of 2016, Vice President Emmerson Mnangagwa said yesterda...

By Staff reporter | Published: 15 October 2017

BUSINESS NEWS

Zim firms invited to Turkish business expo

ZIMBABWEAN companies are set to participate in the Turkish business expo next month as part of an exchange visit following the recent signing of a Memorandum of Understanding between the Confederation...

By Staff reporter | Published: 15 October 2017

BUSINESS NEWS

Hanawa contracts 1 000 potato farmers

HANAWA Super Foods has contracted over 1 000 farmers to grow potatoes as it moves to cut imports, a company official said.The potato crisp manufacturer's executive chairman Larry Mavima told NewsDay t...

By Staff reporter | Published: 15 October 2017

BUSINESS NEWS

Zim quality infrastructure policy on the cards

The government is in the process of formulating a national quality infrastructure (NQI) policy to enable the country to participate better in regional and international trade, an official has said.Off...

By Staff reporter | Published: 15 October 2017

BUSINESS NEWS

Creditor turns down Zimglass takeover bid

ONE of the major creditors to Gweru-based glassmaker, Zimbabwe Glass Industries (Zimglass), has turned down a proposed offer to take over the company.Zimglass, a subsidiary of Industrial Development C...

By Staff reporter | Published: 15 October 2017

BUSINESS NEWS

SMEs Minister says vendor removal good

SMALL to Medium Enterprises and Co-operative Development Minister Sithembiso Nyoni says President Mugabe's directive to move vendors to designated areas is progressive and will assist in formalisation...

By Staff reporter | Published: 15 October 2017

BUSINESS NEWS

Zim externalises $30 billion in imports

ZIMBABWE has externalised a cumulated figure of $30 billion since 2009 through imports, a figure enough to fund the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset), an expert...

By Staff reporter | Published: 15 October 2017

BUSINESS NEWS

Forex shortages worsen

The country's foreign currency shortage crisis is worsening, with more banks stopping payments to Multichoice, Africa's largest pay-TV company.This also comes as e-wallet payment system, Ecocash, run ...

By Staff reporter | Published: 15 October 2017

BUSINESS NEWS

IMF tells Zimbabwe to live within her means

The International Monetary Fund (IMF) has said Zimbabwe needs to address the forex shortages and live within its means, as a solution to the prevailing economic woes.In a recent Press briefing, IMF de...

By Staff reporter | Published: 15 October 2017

BUSINESS NEWS

Zesa, BCC haggle over bills

Zesa Holding's debt to Bulawayo City Council (BCC) has ballooned to $114 million as at August 31, but the power utility is refusing to acknowledge it, latest council minutes show.On the other hand, BC...

By Staff reporter | Published: 15 October 2017

BUSINESS NEWS

Need to restore sanity at Zinara

An independent committee of experts has been set up to look into operations of the Zimbabwe National Roads Administration (ZINARA) as part of efforts to increase efficiency.   In order to br...

By Staff reporter | Published: 06 October 2017

BUSINESS NEWS

Zimbabwe rules out adopting SA Rand

Reverse Bank of Zimbabwe (RBZ) governor John Mangudya has ruled out prospects of Zimbabwe adopting the South African rand as its anchor currency.This comes amid frenzied social media posts claiming Pr...

By Staff reporter | Published: 06 October 2017
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