Informal sector vital for resource mobilisation
Sanderson Abel There is a growing trend of informality in the Zimbabwean economy as the formal sector shrinks and the informal sector grows. This pattern depicts the serious structural constraints the...
View ArticleMining companies urged to work together
CAPE TOWN. – AFRICA’s continued emergence as a major economic region depends on a renewed commitment to collaboration between mining companies and the countries which host them, a mining executive...
View ArticleCaledonia welcomes gold discount reduction
Walter Muchinguri Assistant Business Editor Caledonia Mining Corporation has commended the reduction of the discount on gold sales to 1,25 percent as another step by Government to assist the mining...
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Shareholders in bid to block Telecel EGM
Telecel ZimbabweBusiness Reporter Shareholders of Empowerment Corporation, the 40 percent shareholder in Telecel have filed for an interdict against an extra-ordinary meeting scheduled for February 20...
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RBZ to tackle industry competitiveness
Golden Sibanda Senior Business Reporter—- RESERVE Bank of Zimbabwe Governor Dr John Mangudya will present his second monetary policy statement today, largely focusing on measures to enhance industry’s...
View ArticleGreenyard clinches Middle East marketing contracts
Business Reporters Greenyard Farming, a local agro concern involved in the construction of green houses targets to place more than 20 hectares of land under greenhouses to produce mainly four...
View ArticleNampak Zim invests in expansion
Business Reporter Nampak Zimbabwe has so far invested more than $5 million since its inception towards expansion and upgrading of its business units, a move expected to increase volumes. Nampak...
View ArticleAmatheon Agri expands grain production
Business Reporter AMATHEON Agri, a Berlin based agribusiness and farming company, is set to embark on a countrywide expansion of grain production after a successful pilot project which saw the company...
View ArticleHeineken forecasts growth in 2015
London. – Heineken NV, the world’s third-largest brewer, forecast growth against a tough market backdrop in the year ahead after reporting higher revenue for 2014 and increasing its dividend. Sales and...
View ArticleDavid Whitehead needs $1m to double capacity
Business Reporter TEXTILE company David Whitehead requires about $1 million in working capital to enable it to double capacity at its Chegutu integrated fabric plant. “Since we re-opened late last...
View ArticleZimAlloys starts processing dumps
Tinashe Makichi Business Reporter Former Anglo American Plc ferrochrome producer, Zimbabwe Alloys has started the processing of dumps with the help of a Chinese mining company, Jinan which is providing...
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Banks increase support for tobacco production
Tinashe Kairiza Business Correspondent Tobacco production this summer cropping season is projected to have received 58 percent of the cumulative loans extended by banks to the agriculture sector,...
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Zim eyes $1,5bn from gold exports
Business Reporter THE Reserve Bank of Zimbabwe has mobilised $50 million for an accelerated gold production programme that will see the country realising at least $1,5 billion from gold exports by...
View ArticleGovt avails $100m for RBZ capitalisation
Business Reporter— GOVERNMENT has capitalised the Reserve Bank of Zimbabwe to the tune of $100 million in a development that will usher confidence in the economy and restore the bank’s lender of last...
View ArticleZRP should not handle cash
Tonderai Rutsito Tech Spot The recent pronouncement by High Court Judge Justice Francis Bere that there is no legal framework or any law compelling any motorist to pay a spot fine or which empowers the...
View ArticleGovt must promote higher actuarial standards
Martin Tarusenga The report highlighted on some websites that Insurance and Pensions Commission (IPEC) introduced new actuarial standards, raises a few pertinent unanswered questions on IPEC...
View ArticleSmall grains production to decline
Production of small grains is expected to decline this year as communal farmers were forced to recycle seed due to shortages, an official said on Thursday.Small Grains and Cereal Producers Association...
View ArticleAfdis profit up 47pc
Business Reporter Zimbabwe Stock Exchange-listed wine and spirit maker, African Distillers (Afdis) recorded a 47 percent jump in profits to $1,9 million during the half year period ended December 31,...
View ArticleToyota stands the test of time
Tinashe Makichi Motoring Reporter The Toyota brand has for the past 15 years managed to stamp and consolidate its presence on the local front by exhibiting innovation through churning out brands that...
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State enterprises accused of frustrating indigenisation drive
Mr Chamu ChiwanzaThe Affirmative Action Group (AAG) yesterday accused some boards of State enterprises of frustrating the indigenisation drive and urged the Government to fire them for failing to...
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