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Govt urged to undertake biometric payroll
Minister MupfumiraTinashe Makichi : Business ReporterStakeholders in the labour industry have implored Government to undertake a biometric payroll registration of the civil service to weed out alleged...
View ArticleFood shortages re-ignite GMO concerns
Jeffrey Gogo Climate Story AS hunger stalks the land, forcing Government to seek to import more than 700 000 tonnes of the maize to feed 4 million people, we find ourselves locked in that difficult...
View ArticleDollar bond issue lifts SA rand, stocks
JOHANNESBURG. — South Africa’s rand, stocks and bonds all rallied on Friday, with investor confidence lifted by Pretoria’s successful issuing of a foreign dollar bond in the face of political upheaval...
View ArticleIPEC fights insurance fraud
Golden Sibanda Senior Business Reporter THE Insurance and Pension Commission is working with the insurance firms to put tamper proof features on cover notes to deter fraud. This comes as a significant...
View ArticleGold extends biggest weekly advance
NEW YORK – Gold extended its biggest weekly advance in a month as uncertainty about global economic growth boosted the metal’s appeal as a haven asset. Gold jumped 1,1 percent on Thursday after Federal...
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Fidelity sends managers on forced leave
Mr ChaperekaDiversified insurance firm Fidelity Life Assurance Ltd has sent managing director Simon Chapereka and finance director German Mushoma on leave to pave way for an audit of the insurance...
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Retailers’ summit on next month
Denford MutashuTimothy Maponga Business Correspondent The Confederation of Zimbabwe Retailers in partnership with Ribal Brand solutions will host the Zimbabwe International Retailers’ Summit next...
View ArticleSEZs exempt from indigenisation law
Golden Sibanda Senior Business Reporter LICENCED investors operating in Special Economic Zones will be exempt from the provisions of two key legislations; Indigenisation and Economic Empowerment Act...
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IDC in talks with partner over WMMI
Willowvale Mazda Motor Industries stopped production in 2012 when capacity plunged to below 4 000 units from a peak of 18 000 vehicles per year in 1997THE Industrial Development Corporation (IDC) says...
View ArticleAfrica’s planned hotel rooms soar 30 percent
The number of planned hotel rooms in Africa has soared to 64 000 in 365 hotels, up almost 30 percent on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain...
View ArticleSeed Co introduces new fast growing varieties
Melody Mashaire : Business ReporterSeed Co Zimbabwe has introduced new fast growing seed varieties to mitigate against the effects of climate change, an official has said. Addressing delegates and...
View ArticleExempting SEZs-based firms ill-advised: ZCTU
The Zimbabwe Congress of Trade Unions (ZCTU) yesterday said exempting companies that will operate in Special Economic Zones (SEZs) from the Labour Act is ill-advised and will lead to workers being...
View ArticleMetallon suspends operations at Arcturus
Tinashe Makichi : Business ReporterZimbabwe’s biggest bullion producer, Metallon Corporation have suspended operations at its Arcturus Mine following consistent losses. Arcturus Mine made a $7 million...
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Bakers Inn eyes regional markets
Bakers InnInnscor’s bakery division, Bakers Inn is aiming to expand into the region once it holds a 50 percent market share locally, CEO Mr Ngoni Mazango has said. Mr Mazango told BH24 that the company...
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Zim’s Liquidity situation: The impact of debt
Former Reserve Bank of Zimbabwe governor Dr Gideon Gono rolled out a number of facilities in support of quasi fiscal activities, ostensibly to save the economy from total collapse at the height of...
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‘Telecel acquisition beneficial to Zim’
Telecel ZimbabweConrad Mwanawashe : Business ReporterGOVERNMENT will now realise revenue through various taxes and savings on management fees following the localisation of Telecel Zimbabwe’s majority...
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$100m facility for ARDA
Africa-Export-Import-BankGolden Sibanda : Senior Business ReporterThe African Export and Import Bank (Afreximbank) is set to avail a $100 million facility to Government for the recapitalisation of the...
View ArticleShould kaylites be banned?
Waste management has been an issue of concern in Zimbabwe for the past decade, particularly in the urban areas, growth points and rural service centres. The food industry has contributed to this...
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‘Transactional, trade financing solutions search to continue’
Vinod MadhavanBusiness ReporterThe corporate world will continue to seek transactional and trade finance solutions despite weaker commodity prices prevailing in Sub-Saharan Africa, Standard Bank,...
View Article$11m Hwange Ash Plant refurbishment complete
Tinashe Makichi : Business ReporterThe African Development Bank has completed the $10,5 million refurbishment of the Hwange Ash Plant under the Zimbabwe Multi-Donor Trust Fund. The operationalisation...
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