BUSINESS NEWS

Zimra appoints new boss

The Zimbabwe Revenue Authority (Zimra) has appointed Ms Faith Mazani as its new Commissioner-General with effect from February 1. She takes over from Mr Gershem Pasi, who resigned in May last year cit...

By Staff reporter | Published: 19 January 2018

POLITICS

Zim reprimands Trump over 'shithole' comments

GOVERNMENT yesterday protested recent utterances by US President Donald Trump branding Africa a "shithole" and urged Washington to dump its hurtful and prejudicial language as it has no place in conte...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Civil servants January pay dates out

THE Government has released civil servants pay dates for this month with all the sectors expected to receive their salaries by January 30.Civil servants yesterday hailed the Government for proposing t...

By Staff reporter | Published: 16 January 2018

LANDS & AGRICULTURE

Tobacco registrants hit 100 000 mark

Tobacco farmers' registration has reached the 100 000 mark, an increase of 40 percent, the Tobacco Industry and Marketing Board's latest weekly bulletin has revealed.According to the TIMB statistics, ...

By Staff reporter | Published: 15 January 2018

POLITICS

Ginimbi flaunts R4 million sports car

Flamboyant youthful businessman Genius Kadungure has boasted that he has bought a 2017 Bentley Bentayga - a supercar, which costs R4 million.Kadungure, 33, has been showing off on social media the spo...

By Staff reporter | Published: 14 January 2018

BUSINESS NEWS

RBZ increases gold delivery payments

THE Reserve Bank of Zimbabwe through its arm, Fidelity Printers and Refiners (FPR) has increased its payments for gold deliveries in United States dollars from 60 to 70 percent as part of efforts to c...

By Staff reporter | Published: 14 January 2018

FINANCIAL SERVICES

'Banks have right to refuse opening accounts'

FINANCE deputy minister Terrence Mukupe has said banks have the right to refuse opening accounts for new clients as they are private enterprises.Responding to MDC-T legislator Bacilli Majaya in the Na...

By Staff reporter | Published: 12 January 2018

POLITICS

Mnangagwa to meet varsity students

President Emmerson Mnangagwa on Tuesday announced plans to meet university students, emphasising that the latter were democratically welcome to freely support their political parties of choice in the ...

By Staff reporter | Published: 11 January 2018

TELECOMS & TECHNOLOGY

NetOne to recruit more agents

STATE-OWNED mobile telecommunication operator NetOne has embarked on a drive to recruit an additional 1 000 agents to be part of its OneMoney team.NetOne public relations officer, Mr John Nyashanu, to...

By Staff reporter | Published: 08 January 2018

AFRICA BUSINESS

Comesa hunts for Ngwenya successor

THE Common Market for Eastern and Southern Africa (Comesa) has started hunting for a candidate to replace the secretary-general, Mr Sindiso Ngwenya, whose tenure expires later this year.Mr Ngwenya, a ...

By Staff reporter | Published: 08 January 2018

ZIMBABWE

ZSE all share index closes at 97,59 points

The Zimbabwe Stock Exchange All Share Index lost 2,41% in the week to close at 97,59 points on losses recorded by most top 10 stocks.The local bourse rolled out the all share index and the top 10 ind...

By The Source | Published: 07 January 2018

BUSINESS NEWS

CZI wants squatters booted out

Timber firms in Manicaland are hoping that President Emmerson Mnangagwa's government will finally act on invasions on the timber plantations by illegal settlers who were an untouchable lot during the ...

By Staff reporter | Published: 14 December 2017

BUSINESS NEWS

Civil servants December salary dates out

CIVIL servants will for the first time in three years receive their salaries before Christmas except for those at grant-aided institutions who will receive theirs on December 28.Government yesterday r...

By Staff reporter | Published: 14 December 2017

POLITICS

Mnangagwa plot constitutional amendments

ZIMBABWEANS should brace for more amendments to the country's Constitution after Finance minister Patrick Chinamasa last week announced the need to further amend the charter to remove issues of devolu...

By Staff reporter | Published: 14 December 2017

BUSINESS NEWS

Civil servants on bonuses

Civil servants have welcomed Government's commitment to pay their 2017 annual bonuses and pledged to support President Emmerson Mnangagwa's administration in its quest to revive the economy.The Govern...

By Staff reporter | Published: 12 December 2017

LATEST PUBLISHED REPORTS

NTS.zw | Unaudited Financial Results HY18

Financial Highlights:– Revenue $ 6 514 870– Operating profit $ 239 049– Profit from operations $ 352 116– Profit before tax $ 329 166– Profit for the period $ 171 499– Dividend Nil– Tota...

By NTS | Published: 08 December 2017

POLITICS

Jonathan Moyo, Kasukuwere accounts frozen

Government has frozen bank accounts of former Higher and Tertiary Education, Science and Technology Development Minister Professor Jonathan Moyo and former Local Government, Public Works and National ...

By Staff reporter | Published: 08 December 2017

INDUSTRIALS & ENERGY

Olivine to invest $5m in margarine, soap plants

FAST moving consumer goods manufacturer Olivine Industries will invest $5 million in the final phase of the margarine processing technology and soap plant upgrade.This development is expected to impro...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Chinamasa presents $5.1 billion budget

Finance and Economic Planning Minister Patrick Chinamasa has presented a US$5.1 billion 2018 national budget, projecting a 4.5 percent economic growth rate for next year.Presenting the budget statemen...

By Staff reporter | Published: 07 December 2017

FINANCIAL SERVICES

POSB hunts for loan takers

THE People's Own Savings Bank (POSB) has signed nine Memorandum of Agreements (MOA) with different corporates and institutions of higher learning in the country under its loan financing scheme.Speakin...

By Staff reporter | Published: 07 December 2017

TRANSPORT & TOURISM

NRZ sues its Bulawayo tenants

NATIONAL Railways of Zimbabwe's (NRZ) Contributory Pensions Fund is suing Bulawayo firm Coloursell Distributors (PVT) Limited and a local medical doctor over rental arrears and damages.The pension fun...

By Staff reporter | Published: 07 December 2017

TELECOMS & TECHNOLOGY

NetOne recruits more agents, merchants

STATE-OWNED telecommunications operator, NetOne, is recruiting merchants and agents around the country as part of its aggressive marketing and job creation drive.Acting chief executive officer (CEO), ...

By Staff reporter | Published: 04 December 2017

INDUSTRIALS & ENERGY

Nash Paints enters global market

PAINT manufacturing giant, Nash Paints, is stepping up efforts to enter the regional and international market on the back of getting an internationally recognised ISO certification.The company, which ...

By Staff reporter | Published: 04 December 2017

INDUSTRIALS & ENERGY

Bata dangles $500 for voluntary retrenchments

SHOE manufacturing company Bata has embarked on a voluntary retrenchment exercise targeting its top managers as it moves to streamline its staff in line with production.According to a letter seen by S...

By Staff reporter | Published: 03 December 2017

FINANCIAL SERVICES

Mobile payments surge

Mobile payments and point of sale transactions have surged by a significant margin compared to last year as business embrace the use of plastic money.Burdened by a liquidity challenge that has stretch...

By Staff reporter | Published: 02 December 2017
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