‘China aims for 6,5pc economic growth over next 5 years’
BEIJING — President Xi Jinping of China announced on Tuesday that the Communist Party and the national government had set a 6,5 percent target for annual economic growth from 2016 to 2020.The...
View ArticleHow to avoid defaulting on loans
Sanderson Abel Economic conditions determine the quality of clients that banks will acquire. In stable economies, bank clients are of good quality and a credit culture is well established in such a...
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‘High cost of power to affect industrial output’
Golden Sibanda Senior Business Reporter The high cost of power occasioned by the deficit blighting the entire domestic economy and the country in general will negatively affect industrial production,...
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StanChart to axe 15 000 jobs
HONG KONG/LONDON. — Standard Chartered plans to axe 15 000 jobs and raise $5,1 billion by selling new shares as its new chief executive set out a plan to restore profitability after three years of...
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RBZ has enough bond coins: Mangudya
Dr MangudyaBusiness Reporters Reserve Bank of Zimbabwe Governor Dr John Mangudya says the central bank has enough bond coins to cater for increased demand due to the cross-rating of rand coins.This...
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Average Zimbabwean living on $3 a day
The average Zimbabwean lived on $3,24 a day in September, according to the latest national datum lines from ZimStat. This is above the World Bank’s Bank updated international poverty line of $1,90 a...
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BRI’s Bakhresa deal on thin ice
Golden Sibanda Senior Business Reporter Attempts by the Affirmative Action Group to scuttle the appointment of a foreign chief executive at Blue Ribbon by new investor, Bakhresa, has stoked fears the...
View ArticleFibroniks for super speed and usage
The easy answer would be to sell the fibre at $1 000 a metre. But if you lived 4km from our office, we think a charge of $4 million plus maintenance would probably be way too expensive for most...
View ArticleWill Diesel-Gate weigh on German brand?
BERLIN. — When pitching products abroad, German companies have been keen to stress where they come from. Volkswagen AG has been wooing American customers with its catchphrase “That’s the power of...
View ArticleHigh-frequency trader convicted of goods fraud
NEW YORK. — A jury on Tuesday convicted high-frequency trader Michael Coscia of commodities fraud and “spoofing”, in the US government’s first criminal prosecution of the banned trading practice.The...
View ArticleNigeria rejects Standard Bank fine
The issue under dispute is how to account for cross-border payments, according to Johannesburg-based Standard Bank, the continent’s largest lender by assets, which said Stanbic has been treating...
View ArticleTips for resolving conflict
Conflict happens. It is inevitable. It is going to happen whenever you have people with different expectations. This makes conflict management critical, whether avoiding arguments, disputes, lasting...
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Gvt committed to science and technology
Mr MapurangaBy TechnoMag Staff Students studying science, technology, engineering and commerce at colleges, polytechnics and universities in Harare recently gathered at Harare Institute of Technology...
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Pioneer Transport targets $6m revenue
Tinashe Makichi Business Reporter Pioneer Transport is targeting $6 million revenue by end of this year as the company continues to operate viably despite its exit from Unifreight Africa Limited....
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Kangai opens up to tech students
Mr KangaiTonderai Rutsito Tech Spot NetOne chief executive Mr Reward Kangai challenged young technology students who attended the inaugural Launch of Tech@school to come up with new solutions that will...
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Delta reduces sorghum hectarage
Delta Beverages says it has reduced by 70 percent hectarage for red sorghum under contract farming to 3 300 ha for the 2015 /2016 season compared to 11 000 ha contracted the previous season.Corporate...
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Stock exchange in consecutive decline
Business Reporter THE Zimbabwe Stock Exchange recorded an eight months consecutive decline after the stock market’s capitalisation ended last month 0,80 percent weaker at $3,6 billion.The ZSE has shed...
View ArticleAstro short-listed for entrepreneurship award
Business Reporter ASTRO, an indigenous pan-African mobile brand, is among short-listed companies for the African Leadership Network’s Awards for Entrepreneurship, which were scheduled to be announced...
View ArticleHow investors benefit from spin-offs
Emergent Research explains that when a parent company spins off one of its business units through a share dividend, some of the shareholders suddenly find themselves holding shares of a smaller company...
View ArticleZim chrome exports resume
Martin Kadzere Senior Business Reporter ZIMBABWE resumed chrome exports last week for the first time since 2011 when Government imposed a ban of raw chrome exports to encourage beneficiation of the...
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