Importance of financial stability
Sanderson Abel It is fundamental to have a sound, stable and healthy financial system to support the efficient allocation of resources and distribution of risks across the economy.Financial instability...
View ArticleDell acquires security giant EMC
NEW YORK. — In the biggest tech deal of all time, Dell announced on Monday that it has agreed to buy corporate software, storage and security giant EMC for $67 billion.The deal completes Dell’s...
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Green Fuel invests $300m into Chisumbanje ethanol project
Zimbabwe’s sole ethanol producer, Green Fuel said it has so far invested $300 million into the Chisumbanje ethanol project. Green Fuel began working on the ethanol project in 2009 and so far the plant...
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Cairns set to come out of judicial management
Takura will inject a total of $33 million over the agreed periodBusiness Reporter CAIRNS Holdings could be taken out of judicial management by end of this month when all payments due to the company’s...
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Interfin directors face legal action
Farai RwodziBusiness Reporter Interfin Bank directors have been accused taking advantage of the bank’s curatorship period to hide assets and placing some of their companies under judicial management to...
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Barclays poised to name Staley as CEO
James StaleyNew York. – Barclays PLC is preparing to name former JP Morgan Chase & Company executive Mr James Staley as its next CEO, as the British institution turns to an American investment...
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Govt to cut revenue shortfall
Minister ChinamasaGovernment expects to reduce the revenue shortfall currently obtaining by about one third by raising selected tax rates and extending VAT to parts of the insurance sector.In a letter...
View ArticleEmployment relations in Zim
Matthias Ruziwa HR Issues Our Labour Act does not in any way restrict the right to enter into a contract. Section 12 (3) of the Labour Amendment Act, No 5 of 2015 protects fixed term contract workers...
View ArticleFurniture makers target to raise capacity utilisation
Business Reporter FURNITURE manufacturers are targeting to increase capacity utilisation from the current 30 percent, but say Government should implement measures it proposed to turnaround the sector’s...
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Zim showcases at Hungary expo
Engineer KangaiJohn Nyashanu in Budapest, Hungary Zimbabwe this week joined the rest of the world at the 2015 International Telecommunications Union (ITU) Conference in Budapest Hungary where players...
View ArticleFirm ties solar deal with banks
Golden Sibanda Senior Business Reporter Mobility Energy, a local renewable energy private company has partnered with a local bank to electrify commercial, industrial, Government and residential...
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Zim marks World Post Day
Zimbabwe joined the rest of the world in commemorating World Post Day in Victoria Falls recentlyTonderai Rutsito Tech Spot Zimbabwe last week joined the rest of the world in commemorating the World...
View ArticleBlanket Mine gold output up 5pc
Caledonia Mining Corporation says Blanket Mine delivered 10 927 ounces of gold in the third quarter to September 30, a 5 percent increase from the previous quarter.Third quarter production was also...
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Parastatal boards ordered to fill vacant posts
Minister Joram GumboTinashe Makichi Business Reporter Government has instructed all parastatal boards under the Ministry of Transport and Infrastructure to fill vacant leadership posts in the next...
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Orlando – Fun all the way
OrlandoEmirates launched its new service from Dubai to Orlando on September 1 this year, the airline’s 10th US passenger destination, following on from Boston which was launched on March 10 and Chicago...
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Ministry crafts e-Health framework
Chitungwiza Central Hospital is one of the health institutions that is already using e-healthThe Ministry of Health and Child Care in conjunction with the Ministry of Information Communication...
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‘Diamond miners duped Govt’
Mines and Mining Development Minister Walter Chidhakwa (right) shares notes with his deputy Fred Moyo at the Zimbabwe Mining Indaba yesterdayBusiness Reporter DIAMOND mining companies in Marange are...
View ArticleKorean business delegation meets Govt officials
Tawanda Musarurwa Business Reporter A SOUTH Korean business delegation consisting of both public and private sector players is in the country to seek investment opportunities in the areas of power...
View ArticleJSE listings at 8-year high
JOHANNESBURG. – Companies have this year brought the most initial public offerings to the Johannesburg Stock Exchange since 2007, with the value of deals rising to the highest since 2010, according to...
View Article‘SABmiller, InBev deal may need minister’s nod’
Johannesburg. – A significant cross-border transaction such as the proposed takeover of SABMiller by larger rival Anheuser-Busch (AB) InBev might require approval from Finance Minister Nhlanhla Nene,...
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