Business

Furore over white  farmers' compensation 3 June 2019 © THE Zimbabwe Coalition on Debt and Development (Zimcodd) has lambasted the government for prioritising former white farmers over national development.
Zim's US$27bn FDI remains a pipe dream 3 June 2019 © WHEN Emmerson Mnangagwa took over the leadership of Zimbabwe from Robert Mugabe in November 2017, he promised to revive the moribund economy and adopted a mantra he's repeated regularly ever since –— “Zimbabwe is open for business.”
Government spends $1bn on salaries 31 May 2019 CIVIL servants salaries accounted for 68,4 percent of government's expenditure during the first quarter of the year, latest figures revealed. Finance minister Mthuli Ncube said during the period under review, expenditures were managed and restricted to $1,5 billion, against a planned spending of ...
Nerwande makes history 31 May 2019 © MIMOSA Mining corporate communications manager Elizabeth Nerwande-Chibanda, pictured, has made history by becoming the first female Chamber of Mines president. Nerwande-Chibanda was on Wednesday elected to lead Zimbabwe's largest mining body at its annual general meeting in Victoria Falls. She ...
Tourism council ready to partner authorities 30 May 2019 © TOURISM Business Council of Zimbabwe (TBCZ) president Winnie Muchanyuka says players in the hospitality industry are digging deep to remain afloat amidst serious economic challenges. Speaking at the TBCZ quarterly media and members briefing held in Harare recently, Muchanyuka said the country...
'Zimbabwe now region's political liability' 29 May 2019 © ZIMBABWE is becoming a political liability to the rest of the region reducing it to an economic and social basket case due to worsening economic fundamentals, an equities firm has said. FBC Securities said the southern African country has been affected by policy inconsistency resulting in decli...
Industry bemoans 2pc tax 29 May 2019 © ZIMBABWE'S struggling businesses say the introduction of a two percent transaction tax last year aimed at including the informal market in the country's tax bracket has become a burden on formal enterprise.
Zesa tariff increase ill-advised, Finance minister 27 May 2019 © FINANCE minister Mthuli Ncube says an electricity tariff increase at the moment would be “ill advised” as it may trigger price increases. This comes as Zimbabwe early this month started implementing load shedding, after the government announced it was facing critical power shortfalls and had to...
BAT boss resigns 27 May 2019 © BRITISH American Tobacco Zimbabwe (BAT) managing director Clara Mlambo, pictured, has resigned from the tobacco processor after being at the helm for the past three years. BAT's acting company secretary Stephen Nyabadza, yesterday, confirmed her departure saying the multinational firm was “in t...
Zim angles for smart villages 27 May 2019 © ZIMBABWE'S private sector has been urged to increase investment in the information and communication technologies (ICTs) as a way of reviving the country's economy. This comes as research by the World Bank revealed that a 10 percent increase in broadband penetration causes a 1,38 percent contri...
Government failure costs policyholders 27 May 2019 © GOVERNMENT failed to protect the rights and reasonable benefit expectations of policyholders and pension fund members post dollarisation, a commission of inquiry has revealed.
Zim's trade deficit narrows by 70pc 27 May 2019 © ZIMBABWE'S trade deficit shrunk by 70 percent during the four months to April 2019 compared to the same period last year, official data shows.
'Legislators should be financially literate' 26 May 2019 © ZIMBABWE Coalition on Debt and Development (Zimcodd) has called on government to invest in financial literacy programmes for members of Parliament (MPs) as this will enable them to make sound financial decisions as stewards of public finances.
Artisanal mining: Scores die but lure of gold irresistible. . . many deaths go unreported 26 May 2019 © MANY artisanal miners' deaths are going unrecorded in an unregulated industry where many workers are facing deadly hazards underground and cover-ups if accidents occur.
Zim farmers earn US$200m 24 May 2019 © ZIMBABWE'S tobacco farmers have so far earned US$200 million after selling 112 million kilogrammes (kg) of the golden leaf at the country's three auction floors, latest data show. Although there is a significant improvement of tobacco deliveries compared to March this year, statistics from the ...
Zimbabwe jewellery sector under spotlight 23 May 2019 © THE African Development Bank (AFDB) says it will spend at least US$1,4 million in a pilot study to understand the contribution of Zimbabwe's jewellery manufacturing industry and its potential for job creation. AFDB director for gender, women and civil society Vanessa Moungar said the project is...
ICTs critical for empowerment 23 May 2019 GOVERNMENT says the private sector and other stakeholders should find ways to motivate the girl-child to venture into the information and communication technologies (ITCs) sector. This comes as the International Telecommunications Union (ITU) estimates a skills shortfall of over two million jobs...
Annual Breaking Down Borders Africa Youth Summit takes center stage 23 May 2019 © THE Breaking Down Borders Africa Youth two-day Summit, a Pan-African annual conference for youth leaders from across the continent began today.
NRZ, Zisco deals imminent 22 May 2019 © FINANCE minister Mthuli Ncube says government is close to securing new investors for two troubled State firms, the National Railways of Zimbabwe (NRZ) and the Zimbabwe Iron and Steel Company (Zisco).
Fidelity Life launches unique funeral cash back plan 22 May 2019 © Fidelity Life has launched a new funeral product that guarantees a 50 percent cash back on every five consecutive claim-free years. The Fidelity Life Funeral Cash Back plan offers a lump sum cash benefit to beneficiaries upon bereavement.
Wage bill continues to ravage Zim fiscus 21 May 2019 ©  TREASURY says employment costs have continued to dominate Zimbabwe's public expenditure despite promises of strict adherence to austerity measures and reducing public services wage bill. Following a civil service pay rise in April, government recently announced that it will award public serva...
Millers, retailers kick-start consultations 21 May 2019 © GRAIN Millers' Association of Zimbabwe (Gmaz) and the Confederation of Zimbabwe Retailers (CZR) are set to consult with retailers over self-regulatory mechanisms so as to rein in wanton price increases within the milling sector. [GoogleAd] Speaking to journalists yesterday, chairperson of...
Zim's top 200 brands unveiled 21 May 2019 © ZIMBABWE's top 200 brands were unveiled at a Superbrand breakfast meeting in Harare hosted by the country's Marketers Association. The Superbrand is an international concept that was adopted in Zimbabwe in 2009 and aims to identify brands that are performing above and beyond others within their...
'Parastatal reforms not enough' 21 May 2019 © THE Zimbabwe Coalition on Debt and Development (Zimcodd) says government needs to increase the tempo of its parastatals reform exercise which is moving at a snail's pace.
AMG relocates SA headquarters to Dubai 20 May 2019 African Medallion Group (AMG) has said it is relocating its South Africa headquarters to United Arab Emirates (UAE) which  is the biggest destination for African gold from SA's capital Johannesburg. [GoogleAd] Founded by prolific businessman Frank Buyanga,  AMG - which has interests in gold...
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