New sms platform for tobacco industry
Business Reporter TOBACCO Industry and Marketing Board (TIMB) has introduced a message (sms) platform for tobacco inputs suppliers, contractors, seed suppliers, sale points and transporters, chief...
View ArticleHow to set clear objectives
Shelter Chieza Change Management Every progressive company should have objectives that should be clearly spelt out. However the process of coming up with objectives can be tricky because managers...
View ArticleEU unveils long-awaited banking reform
BRUSSELS. – The EU unveiled long-awaited plans to rein in the “too-big-to-fail” banks yesterday in what the bloc said was the final step towards preventing a repetition of the 2008 banking crisis. The...
View ArticleSedco, Westia Group sign funding MoU
Business Reporter LOCAL equipment distribution company Westia Group last week signed a memorandum of understanding with the Small Enterprises Development Corporation that will see beneficiaries’ access...
View ArticleAre huge salaries justified?
Zachary Aldwin Milkshake in the Boardroom Take for instance the US$230 000 that Premier Service Medical Aid Society boss was earning, this translates to about US$1 500 an hour (working on a forty hour...
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More currencies added to basket
Japanese YenMartin Kadzere Senior Business Reporter AS trade and investment ties between Zimbabwe and the Asian countries continue to grow, the Reserve Bank of Zimbabwe has widened the foreign currency...
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Phoenix considers delisting
Tinashe Makichi Business Reporter PHOENIX Consolidated Industries is considering delisting from the Zimbabwe Stock Exchange as part of the company’s strategy to sort out its financial problems away...
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Monetary Policy: New rules for banks
Dr DhliwayoBusiness Reporters BANKS now have to justify and obtain approval from the Reserve Bank of Zimbabwe before effecting increases on charges and lending rates. Presenting the 2014 Monetary...
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Capitalisation reprieve for banks
RBZ Acting Governor Charity DhliwayoGolden Sibanda Senior Business Reporter BANKS minimum capital levels have been maintained at December 2013 levels, but financial institutions are required to submit...
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Econet willing to deal with banks
Johannesburg Stock Exchange-listed group to offload Liquid Telecom 8,6pc stake to EconetHappiness Zengeni Business Editor ECONET Wireless Zimbabwe has said it is willing to deal with individual...
View ArticlePote Hill Lodge gets hotel status
Isdore Guvamombe Tourism Matrix On the eastern foot of a hill swarmed by stunted bush shrubbery near the town of Zvishavane is a superstructure that defiantly challenges the hill for co-existence....
View ArticleStriking SA miners reject wage offer
MARIKANA. – South Africa’s platinum mineworkers rejected a fresh wage offer at a public meeting yesterday, and vowed to continue a week-long strike that has brought the sector to a stand-still. Members...
View ArticleAn argument for economics
Happiness Zengeni My Two Cents! Opinion in good men is but knowledge in the making, according to one of my favourite quotes from John Milton’s novel, Areopagitica. While a further look into Green Fuel...
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Honeymoon over for bank directors, shareholders
RBZ Acting Governor Charity DhliwayoGolden Sibanda Senior Business Reporter Bank directors and shareholders who abuse depositors’ funds risk prosecution and going to jail in terms of amendments...
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‘Struggling banks should downgrade’
Business Reporter THE Reserve Bank of Zimbabwe has advised banks that are struggling to meet the minimum capital requirements to downgrade and obtain deposit taking micro-finance licences. The central...
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Emerging markets under pressure
LONDON. – Emerging markets faced intense pressure yesterday after the US Federal Reserve cut its stimulus further, with currencies in India, South Africa and Turkey failing to rally despite interest...
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Gold output marginally falls
Martin Kadzere Senior Business Reporter ZIMBABWE’S gold output marginally fell 2 percent last year after Government banned all mining activities along river banks in a bid to halt environmental...
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RioZim risks losing power producer licence
Minister ChinamasaBusiness Reporter Mining concern RioZim Limited risks losing its independent power producer’s licence and the Sengwa coal concessions if it fails to make progress on its Gokwe North...
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Future of Zesa boss uncertain
Josh ChifambaGolden Sibanda Senior Business Reporter ZESA Holdings group chief executive Engineer Josh Chifamba’s three-year term of office expires today with no indications on whether his tenure at...
View ArticleTime for companies to innovate or fall
Vandudzayi Zirebwa Buy Zimbabwe The failure by Zimbabwe’s Warriors to translate their total dominance over Libya into goals in the CHAN semi-finals last Wednesday is almost akin to the situation...
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