Business »
Tuesday, 23 April 2013 15:32
HARARE - The Confederation of Zimbabwe Industries (CZI) says peaceful elections are key to business and in consolidating economic gains realised in the past few years. Zimbabwe is expected to hold watershed elections — in which President Robert Mugabe squares off...Read More
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Business »
Thursday, 04 April 2013 11:25
HARARE - The looming intensified power cuts in winter will knock Zimbabwe’s ailing industry, particularly manufacturing sector, to its knees, Confederation of Zimbabwe Industries (CZI) has warned. CZI said the development will also dampen industry revival efforts.This comes as Zimbabwe Electricity...Read More
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Business » Ndakaziva Majaka, Staff Writer
Wednesday, 27 March 2013 12:07
HARARE - The Securities Commission of Zimbabwe (SecZim) says there was “selective application of the law” in dealing with Lifestyle Holdings (Lifestyle)’s delisting from the Zimbabwe Stock Exchange (ZSE). This comes as the capital markets regulator — which argues that Lifestyle...Read More
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Business »
Monday, 18 March 2013 09:55
HARARE - Lifestyle Holdings’ (Lifestyle) plans to set up retail operations in South Africa (SA). This follows shareholders’ approval last Friday to delist the diversified group from the Zimbabwe Stock Exchange (ZSE). Lifestyle, which recently set up TN Harlequin Luxaire International...Read More
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Business »
Friday, 15 March 2013 11:30
HARARE - The Securities Comission of Zimbabwe (SecZim)’s bid to block Lifestyle Holdings (Lifestyle) delisting from the Zimbabwe Stock Exchange (ZSE) hit a brick wall after the High Court dismissed its application yesterday. SecZim had filed an urgent application seeking an...Read More
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Business »
Thursday, 14 March 2013 11:15
HARARE - The Confederation of Zimbabwe Industries (CZI) has engaged government in a bid to raise funds to ensure a hassle-free election that guarantees business certainty and a conducive operating environment. Traditionally, Zimbabwe’s polls have been marred by violence which in...Read More
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Business »
Wednesday, 13 March 2013 10:30
HARARE - The Securities Commission of Zimbabwe (SecZim) has cancelled Renaissance Securities (Renaissance) and New Africa Securities’ (New Africa) licences for failing to raise $150 000 minimum capital. Tafadzwa Chinamo, SecZim chief executive, said following the cancellation of its licence by...Read More
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Business »
Thursday, 21 February 2013 10:39
HARARE - Securities Commission of Zimbabwe (SecZim) says the Zimbabwe Stock Exchange (ZSE) is yet to identify a strategic technical partner who will bring in the requisite expertise for the automation of its trading platform. Tafadzwa Chinamo, SecZim’s chief executive, refuted...Read More
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Business » Ndakaziva Majaka, Staff Writer
Wednesday, 20 February 2013 11:17
HARARE - Stockbrokers are fighting a “lost battle” in trying to block demutualisation of the Zimbabwe Stock Exchange (ZSE), the Securities Commission of Zimbabwe (SecZim) said. Tafadzwa Chinamo, SecZim’s chief executive, said the brokers will not win the case because government...Read More
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Business »
Sunday, 11 November 2012 15:12
HARARE - Economists have warned of further economic growth decline following the contraction of the manufacturing industry capacity utilisation by 13 percent due to constricted credit lines, power outages and high utilities bills. Manufacturing industry capacity utilisation is one of...Read More
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Business »
Tuesday, 06 November 2012 13:49
HARARE - Confederation of Zimbabwe Industries (CZI) has called for the restructuring of the Zimbabwe Revenue Authority (Zimra) and its operations, to eliminate corruption and help improve revenue collection. Over the years, industrialist and market experts have blamed Zimra, which is...Read More
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News »
Friday, 19 October 2012 08:58
HARARE - Government was this week forced to pay $1 million in exit packages to five former National Oil Company of Zimbabwe (Noczim) executives to avert the imminent sale of the company’s headquarters, the Daily News can reveal. The High Court...Read More
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Business » Roadwin Chirara, Business Editor
Thursday, 18 October 2012 14:36
HARARE - The Securities Commission of Zimbabwe (SecZim) says brokerage firms have started submitting their compliance plans with its directive to register all shares held by nominees under the owner’s names. “It’s a process, it’s not a one-day event .What we...Read More
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News » Richard Chidza, Staff Writer
Tuesday, 02 October 2012 14:19
HARARE - State oil importer, National Oil Company of Zimbabwe (Noczim)’s headquarters in Harare will in just over two weeks go under the hammer over a $1 million debt owed to sacked managers, the Daily News can reveal. Four former Noczim...Read More
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