BUSINESS NEWS

Chartered secretary's role in governance remains important

The chartered secretary's role is just as important today as it was when the profession first emerged after the establishment of limited companies in the nineteenth century, the director general of th...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Chasi flies to SA to finalise a power import deal with Eskom

Energy and Power Development Minister Fortune Chasi is in South Africa to finalise a power import deal with Eskom as the Government moves to reduce power shortages. Minister Chasi's trip to South Afri...

By Staff reporter | Published: 10 July 2019

BUSINESS NEWS

Chasi pushes for duty free solar equipment imports

ENERGY and Power Development Minister, Advocate Fortune Chasi, says modalities are being put in place to ensure solar products are imported duty free to increase investment in renewable energy across ...

By Staff reporter | Published: 09 July 2019

ZIMBABWE

Zimbabwe imports drop 31%

Zimbabwe's imports for the first four months of the year to April 2019 dropped 31 percent to US$1,5 billion from US$2,2 billion registered in the same period last year, as the country's import bill co...

By Staff reporter | Published: 12 June 2019

TRANSPORT & TOURISM

Air Zimbabwe to import spares duty free

ONGOING efforts to turnaround the operations of Air Zimbabwe have received further boost following revelations that Government recently extended the dispensation for the national air carrier to import...

By Staff reporter | Published: 28 April 2019

INDUSTRIALS & ENERGY

Imports push fridge makers to the edge

THE local refrigerator-manufacturing industry needs protection from imports as it is now cheaper to import than manufacture, a leading player, Capri, has said.The fridge maker, which ceased operations...

By Staff reporter | Published: 19 January 2019

TRANSPORT & TOURISM

Shipping company threatens to block the release of containers for Zimbabwean importers

MEDITERANNEAN Shipping Company (MSC) SA (Zimbabwe) Pvt Ltd has threatened to block the release of containers for Zimbabwean importers over their failure to remit in excess of US$9,1 million in shippin...

By Staff reporter | Published: 11 January 2019

BUSINESS NEWS

Miners want to import own fuel

ZIMBABWE Miners Federation (ZMF), the representative body of small-scale miners, says it is pushing for a licence to import fuel for onward distribution to its members to ensure continuity of producti...

By Staff reporter | Published: 08 January 2019

TRANSPORT & TOURISM

RBZ releases $2,5m for wheat imports

Government has moved in to secure 30 000 metric tonnes of wheat worth $12,2 million with a 20 percent down payment following threats by an international supplier to cut off the deal citing Harare's de...

By Staff reporter | Published: 06 January 2019

OPINION

Doctors' demands more important than chiefs' cars

IN the run-up to the July 30 elections, Zanu-PF leader President Emmerson Mnangagwa promised that he would be a listening President and that his government was going to guarantee an affordable, but vi...

By Editorial - newsday | Published: 05 December 2018

BUSINESS NEWS

Duty on vehicle imports gazetted

Finance and Economic Development Minister Professor Mthuli Ncube has invoked the Customs and Excise Act and imposed duty in foreign currency on an array of goods that include vehicles and meat, in lin...

By Staff reporter | Published: 26 November 2018

TRANSPORT & TOURISM

Relief for Zimbabwe car importers

The Zimbabwe Revenue Authority (Zimra) has thrown a lifeline to private motor vehicle buyers who paid for car imports on or before November 22, 2018, exempting them from mandatory duty in foreign curr...

By Staff reporter | Published: 25 November 2018

BUSINESS NEWS

Zimbabwe to tighten import control regulations

GOVERNMENT is working on a number of pieces of legislation meant to monitor imports so as to protect citizens from substandard goods. Director for quality assurance in the Ministry of Industry and Com...

By Staff reporter | Published: 17 September 2018

INDUSTRIALS & ENERGY

Zimbabwean power imports down 50%

Zimbabwe's power imports declined by almost 50 percent during the second quarter of the year after the country's power utility increased generation at Kariba plant. Zesa Holdings increased output at K...

By Staff reporter | Published: 13 September 2018

ECONOMC INDICATORS

Imports rise 26%, forex pressures worsen

ZIMBABWE'S import bill rose 26% in the six months to July 31 this year, driven by firming demand for fuel and food.Data for January is missing.The growing import pressures also saw the country's trade...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Zim consumer goods imports plunge

Zimbabwe's consumer goods imports declined 34 percent during the period January to July 6 this year, as domestic consumption of locally produced goods surged, according to the latest statistics from t...

By Staff reporter | Published: 20 July 2018

BUSINESS NEWS

Continuous importation of forex fuels blackmarket

ANALYSTS agree that the continuous importation of hard cash into the economy will not improve the prevailing cash shortages in the country, but further fuel the parallel market.This comes as Reserve B...

By Staff reporter | Published: 11 July 2018

POLITICS

'I will suspend import duty for goods from Sadc'

THE leader of the People's Progressive Party (PPP) Pastor Timothy Chiguvare who is one of the 23 presidential candidates in the forthcoming harmonised elections has promised to suspend import duty for...

By Staff reporter | Published: 10 July 2018

BUSINESS NEWS

RBZ doubles cash imports to $100m

The Reserve Bank of Zimbabwe (RBZ) has doubled cash imports to $100 million per month as the central bank tries to ameliorate the prevailing cash shortages as well as meet rising demand from recoverin...

By Staff reporter | Published: 08 July 2018

LANDS & AGRICULTURE

Milk imports decline

Investments made in the dairy sector at both farm and processing level coupled with the implementation of SI64, have seen the amount spent on importation of milk and milk-based products reduce signifi...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

Banks to prioritise importers over depositors

BANKERS Association of Zimbabwe (BAZ) vice-president Benefit Washaya says banks were still to decide whether they should continue importing cash to distribute to the depositors considering that the mo...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

'Scrap import duty on sanitaryware'

KUWADZANA legislator Betty Nhambu-Kaseke (Zanu-PF) has called on the government to scrap import duty on sanitaryware and raw materials used to manufacture the product to make it more affordable.She ma...

By Staff reporter | Published: 01 July 2018

INDUSTRIALS & ENERGY

Bulk fuel imports increase

SHIPPING agents at Beitbridge Border Post yesterday said they had observed a sharp increase in bulk fuel imports from South Africa, as the country moves to restore normal supplies following last week'...

By Staff reporter | Published: 21 June 2018

BUSINESS NEWS

RBZ release $20 million for wheat imports

THE Reserve Bank of Zimbabwe yesterday released the $20 million requested by millers to import part of the 200 000 metric tonnes of wheat from Canada and Germany to avert a bread shortage.The 200 000 ...

By Staff reporter | Published: 20 June 2018

FINANCIAL SERVICES

Ecobank to source more funds for critical imports

ECOBANK Zimbabwe, a unit of Togo-based Ecobank Transnational Inc, is arranging a $45 million line of credit to fund importation of critical raw materials, an official has said. Zimbabwe is grappling w...

By Staff reporter | Published: 20 June 2018
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