SPB tackles solar tender irregularities
Golden Sibanda Senior Business Reporter The State Procurement Board has directed short-listed bidders to submit a price breakdown of the estimated $570 million Zimbabwe Power Company solar tender, to...
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Raw sugar prices to remain stagnant
Sugarcane is grown on a commercial scale in the south-eastern parts of the countryThe price of raw sugar is expected to remain stagnant at $517 per tonne due to the influx of cheap imports of the...
View ArticleFord unveils 8 brands for Sub-Saharan competition
Tinashe Makichi JOHANNESBURG, South Africa Ford Motor Company on Wednesday unveiled its eight brands that are expected to drive the company’s competitiveness in the Sub-Saharan region in the next two...
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CFI seeks $20m to recapitalise
CFI group has formally registered over 9 000 stand occupiers who are now paying for the landBusiness Reporters CFI Holdings is seeking to recapitalise its business through a $20 million rights issue...
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July inflation gains marginally
Business Reporter— There are fears that the country’s inflation rate will remain in negative territory as the current wave of job losses is expected to result in falling aggregate demand. This comes...
View ArticleRand remains vulnerable
JOHANNESBURG. – The rand was weaker at midday yesterday as the dollar strengthened, with analysts warning there is little to support the local currency at present. At 11.29am the rand was at 12,8881...
View ArticleSafeguard issues security alert to customers
Business Reporter Security company Safeguard Security has issued a security alert to customers warning them to avoid holding large sums of cash at home or at work. This follows an increase in incidents...
View ArticleMillers to launch maize import scheme
Conrad Mwanawashe Business Reporter A PRIVATE sector initiative to import 700 000 metric tonnes of maize to compliment Government efforts in mitigating grain shortages will be launched this Friday at...
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Zimra extends tax amnesty deadline
The Zimbabwe Revenue Authority (Zimra) on Sunday extended by a further three months to the end of September this year, the amnesty it granted companies and individuals that had evaded paying tax. The...
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Bata bemoans shoe vendors influx
Buying shoes from the streets has become cheaper for average income earnersNyasha Chingono Business Correspondent GWERU-BASED shoe manufacturer Bata has bemoaned the influx of shoe vendors who have...
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Govt to assume RBZ’s $1,4bn debt
Business Reporter GOVERNMENT can now complete the legal assumption of the central bank’s $1,4 billion debt following gazetting of the Reserve Bank of Zimbabwe Debt Assumption Act recently. The new...
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IMF delegation expected in the country
Conrad Mwanawashe Business Reporter AN International Monetary Fund mission is expected in the country in the next two weeks to undertake the Second Review of the Staff Monitored Programme. The IMF...
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Unki engages ZimAlloys
Business Reporter— Anglo American’s platinum mine, Unki, engaged ZimAlloys over the possibility of utilising its smelter as the mining group steps up efforts to secure beneficiation facilities. The...
View ArticleGold struggles
MANILA. — Gold was trapped in narrow ranges yesterday, struggling to move higher as investors looked to a near-term increase in US interest rates in the face of mostly firm economic signals. Gold ended...
View ArticleSA rand weaker
JOHANNESBURG. — The rand was weaker yesterday morning but continued to trade in a narrow range with little data due on the day to give direction. “The rand has fallen to its weakest level yet, but...
View ArticleZimsec sets pace in e-marking
The Zimbabwe School Examinations Council’s vision of becoming “ . . . the centre of excellence within the sub-region and beyond in Quality Assessment in Education” seeks, in more practical terms, to...
View ArticleEnhancing capacity in MSMEs
Sanderson Abel It is indisputable that micro and small to medium enterprises (MSMEs) now accounts for a predominant share of private sector economic activities in the country. Key stakeholders need to...
View ArticleIPEC probes AfrAsia $6m pension scam
Golden Sibanda Senior Business Reporter THE Insurance and Pensions Commission will launch a probe into AfrAsia Bank Zimbabwe’s pension fund amid claims that Minerva Risk Solutions, which administered...
View ArticleZim to adopt Sadc power strategy
Zimbabwe will switch to cost-plus pricing in respect of electricity tariffs in 2016 as part of the broader Sadc strategy to improve member states’ electricity generation capacity, an official has said....
View ArticleBNC, NRZ partner in refurbishing fleet
Business Reporter The National Railways of Zimbabwe is currently refurbishing its fleet and reducing speed restrictions on its rail tracks, acting general manager Lewis Mukwada has said. NRZ is also...
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