Africom needs to shape up
Tonderai Rutsito I have been following developments at Africom with keen interest and I am dismayed that the company has not done much in ensuring a fast, reliable and good network coverage.A lot is...
View ArticleJapanese firms to raise wages
TOKYO. — Major Japanese firms, including Toyota and Panasonic, on Wednesday said they would boost employees’ salaries for the first time in years, heeding a call from the prime minister ahead of a...
View ArticleEurozone output decline continues
BRUSSELS. — Eurozone industrial output continued weaker in January, official data showed on Wednesday, but the underlying trend appears consistent with a very modest economic recovery in the...
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Liquid Telecom builds satellite hub
LIQUID Telecom, a subsidiary of Econet Global says it has built a satellite hub in South Africa which enables it to route African traffic in Africa rather than back hauling it via Europe as many...
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SA strike expected to push PGM prices
Mr Alex MhembereBusiness Reporter The protracted industrial action by mine workers in South Africa, the world’s largest producer of platinum, could result in an upturn of platinum prices, the local...
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Firstel, NetOne in US$8m row
Fidelis Munyoro Chief Court Reporter FIRSTEL Cellular (Private) Limited is embroiled in a payment dispute with NetOne Cellular (Private) Limited after the former failed to remit US$8 million it had...
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TSL expects tobacco boon
Tinashe Makichi Business Reporter ZIMBABWE Stock Exchange-listed TSL Limited is expecting an increase in the volumes of tobacco from its contracted farmers this year, despite the fluctuation of tobacco...
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Fidelity sees $30m return on project
Fidelity Life Assurance chief executive Mr Simon Chapereka stands beside a site map of South View in 2012Happiness Zengeni Business Editor FIDELITY Life Assurance has anchored its growth on Southview...
View ArticleWill Art benefit from the shareholder facility?
Tendai Murwira My Two Cents A fortnight ago, Art Corporation finally came to the market after spending more than a year issuing a series of cautionary statements. The prolonged delay by Art in...
View ArticleJapan to disclose firms refusing pay hikes
TOKYO. – Japan’s trade ministry said yesterday it would take the unprecedented step of disclosing the names of firms that did not raise employees’ wages in annual labour talks, after calls by the prime...
View ArticleVineyard rebrands
Tinashe Makichi Business Reporter VINEYARD Funeral Assurance has rebranded in order to become more appealing to customers in a generally competitive sector. In an interview with The Herald Business...
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Open up economy for FDI: ICBC
Industrial and Commercial Bank of China is funding $9,3 billion projects in AfricaGolden Sibanda Senior Business Reporter ZIMBABWE needs to undertake economic reforms and open up the economy to attract...
View ArticleSingapore regulates Bitcoin currency
SINGAPORE. - Singapore’s central bank said yesterday it will regulate “intermediaries” for the Bitcoin virtual currency to prevent them from being used for money laundering and terrorist...
View ArticleUnpacking ZTA’s recent awards
Isdore Guvamombe Tourism Matrix The Zimbabwe Tourism Authority, the country’s vanguard of tourism and hospitality industry, has scooped three awards of excellence for its outstanding performance in...
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Insurance industry agrees pay rise
Minister GocheConrad Mwanawashe Business Reporter THE insurance industry has agreed on a 4 percent pay rise which will see the lowest paid worker earning $546. The pay rise is for the period between...
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Focus on core business, Sunway City told
Dr Mike NdudzoWalter Muchinguri Assistant Business Editor THE Industrial Development Corporation has instructed its subsidiary Sunway City (Pvt) Ltd to focus on its core business of developing Sunway...
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QV contests judicial management order
QV Pharmacies chairman Mr Fred Mutanda is challenging the placing of the pharmaceutical company under judicial managementMartin Kadzere Senior Business Reporter QV Pharmacies has appealed to the High...
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‘Labour isn’t working’
Mr Charles MsipaHappiness Zengeni and Golden Sibanda— GOVERNMENT should consider reviewing labour laws to suit modern-day business trends, the economy and avoid eroding capitalisation finances.The...
View ArticleMinimum local content for shops
Vandudzai Zirebwa Buy Zimbabwe The year 2014 appears to be moving in the right direction. It is moving in the right direction for those who genuinely believe that the key to solving our socio- economic...
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Private sector credit declines
TOTAL credit to the private sector declined 2,3 percent to $3,56 billion in January from $3,65 billion in December with 84 percent of that amount going towards loans and advances. According to the...
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