Govt amends Indigenisation Act
In line with the pronouncements made on the 2015 National Budget, Government has amended the Indigenisation Act to include the role that is to be played by line ministries. In his budget presentation,...
View ArticleCCZ to conclude consultations on Consumer Protection Bill
Conrad Mwanawashe Business Reporter THE Consumer Council of Zimbabwe expects to conclude public consultations on the Consumer Protection Bill by next month after teams were dispatched to three...
View ArticleDPC pays out $477 000 to bank depositors
Walter Muchinguri Assistant Business Editor The Deposit Protection Corporation has so far paid out about $477 000 to depositors of Genesis, Trust and Royal banks. The DPC said that it continues to make...
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ZFU partners Barclays Bank
The Zimbabwe Farmers Union (ZFU) yesterday said it is partnering Barclays Bank to create a revolving fund to assist young farmers in rural areas to grow their agriculture businesses. Beneficiaries of...
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Litigation won’t affect Zim ops: Mwana
Mwana holds 75 percent interest in Bindura Nickel Corporation and 100 percent of Freda RebeccaGolden Sibanda Senior Business Reporter MWANA Africa Plc says court proceedings in the UK to resolve a...
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Standards firm to start ops in Q1
Minister BimhaHappiness Zengeni and Martin Kadzere BUREAU Veritas, a French-based quality inspection firm, will start operations in the country during the first quarter as Government moves to curb...
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Fuel traders start slashing prices
Total Zimbabwe cut its price of diesel from $1,40 per litre to $ 1,38 and Petrol from $ 1,52 per litre to $ 1,49Golden Sibanda and Tinashe Nhari— FUEL traders have started slashing prices following...
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PO Box TV takes comedy to new heights
A scene from a PO Box comedy snipetSophia Chese Arts Correspondent Many Zimbabweans are going crazy with the comical videos currently circulating on social media platforms mainly Facebook and Whatsapp...
View Articlestarafrica employees stage demo
Tinashe Nhari Business Reporter Starafrica Corporation’s employees have staged a demonstration at the company’s head office amid frustrations over unpaid salaries. Workers at the Gold Star sugar...
View ArticleWho to pay attention to…your debtors or creditors?
Shelter Chieza Change Management Striking a balance between your debtors and creditors is extremely challenging. Operating in an economy where liquidity is extremely volatile and where there is high...
View ArticleTruth and lies
Zachary Aldwin Milkshake in the Boardroom Here is a question: How many of you are doing business with someone that won’t return your calls and they owe you money? I asked this recently in a room of 250...
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Zimplats to re-open Bimha Mine
Conrad Mwanawashe Business Reporter Zimbabwe’s largest platinum producer, Zimplats, has begun work to reopen its open pit mine which was closed in 2008 in order to reduce the volume gap created by the...
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Dendairy to invest in new equipment
Tinashe Makichi Business Reporter Kwekwe based dairy firm, Dendairy plans to make further investments on new equipment in 2015 in addition to the $4 million investment made last year. This year,...
View ArticleFerrochrome smelters seek power tariff cut
Martin Kadzere Senior Business Reporter ZIMBABWE’S ferrochrome smelters are seeking an electricity tariff reduction to cushion themselves from depressed global prices, an association representing the...
View ArticleInvestors submit bids for MonaChrome
Tinashe Makichi Business Reporter Two investors have formally submitted bids worth $4,3 million each for the acquisition of the Selous-based chrome processing company, MonaChrome Pvt Limited, a move...
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Economy to grow 3,2pc: World Bank
Martin Kadzere Senior Business Reporter— THE World Bank says Zimbabwe’s gross domestic product will grow this year but only just marginally as the liquidity crunch and subdued capital inflows will...
View ArticleGold steady
SINGAPORE. — Gold was steady yesterday as Asian stocks recovered from earlier losses, but the metal stayed below a 12-week high as a recent sell-off in commodities took its toll. Asian stocks pared...
View ArticleRand in narrow range
Johannesburg. — The rand traded in a narrow range against major currencies yesterday morning, but was operating in a firmer environment after the US dollar lost some ground. The dollar fell against...
View ArticleNissan Almera revamped
Tinashe Makichi Motoring Reporter The new Nissan Almera which is now available on the local market has been updated with many new features, bringing stylish design and exceptional value together in one...
View ArticleZim-China economic ties growing
Business Reporter TRADE between Zimbabwe and China reached $1,05 billion in the nine months to September and could far exceed the 2013 performance as economic ties keep growing. Zimbabwe’s imports...
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