Pensioners get bonus
National Pension Scheme and Worker’s Compensation Insurance Fund pensioners are receiving a bonus with their monthly pension this month. National Pension Scheme retirement pensioners will receive a...
View ArticleA responsible business must be ethical
Bradwell Mhonderwa Business Ethics Companies are unique in terms of their size, complexity, resource base, industry, product line and management, and this uniqueness has a strong bearing in determining...
View ArticleInflation maintains downward spiral
Business Reporter ANNUAL inflation continued on a downward spiral, as the tight liquidity situation in the economy continues to hold the price of goods and services constant. According to the Zimbabwe...
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Zimglass seeks funds to resume operations
Tinashe Makichi Business Reporter Zimbabwe Glass Industries has applied for an undisclosed amount of money under the Distressed and Marginalised Areas Fund to raise fresh capital in a bid to resume...
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Farmer bodies key to success
Sanderson Abel Agriculture is the backbone of Zimbabwe’s economy insofar as the bulk of Zimbabwe’s population remains largely rural based. Zimbabwe’s agricultural potential has thus always hinged on a...
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Govt outlines measures to boost power supplies
GOVERNMENT says it will focus on regular maintenance of existing power generation and transmission equipment to increase generating capacity, while waiting for new power plants to come on line. Energy...
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FDI evades domestic industry
Mr Charles MsipaGolden Sibanda Senior Business Reporter THE Confederation of Zimbabwe Industries, the country’s biggest sector lobby group, says the manufacturing sector has not realised new inflows of...
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IDBZ secures US$10m loan
Mr Charles ChikauraMartin Kadzere Senior Business Reporter THE Infrastructure Development Bank of Zimbabwe has secured a US$10 million line of credit from the Industrial Development Corporation of...
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Fiscal policy as a growth stimulant
Sanderson Abel, Business Correspondent Fiscal policy involves the use of Government spending, taxation and borrowing to affect the level and growth of aggregate demand, output and jobs. To this end, it...
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Govt to revive Special Economic Zones
Cabinet has approved the re-establishment of Special Economic Zones to create a vibrant, self-sustaining and robust manufacturing industry with capacity to produce goods and services for both the...
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No chances for Zim dollar comeback
Richard Sainsbury Business Correspondent IN the face of a crippling liquidity crunch that has threatened to force the economy back into a recession, it has become apparent more than ever that the...
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Gulliver in turnaround drive
Golden Sibanda Senior Business Reporter GULLIVER Consolidated Limited is now firmly poised to bring in new equity investors or float a rights issue to raise funding required to clear liabilities to...
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Econet, banks feud sucks in Steward Bank
Happiness Zengeni and Golden Sibanda THE ugly fight between banks and Econet Zimbabwe, the country’s largest telecoms company, has sucked in its subsidiary Steward Bank, amid revelations other banks...
View ArticlePay your taxes on time
The Zimbabwe Revenue Authority would like to remind its valued clients of the need to ensure that all outstanding and the remaining tax obligations for 2013 and prior years are fulfilled before the end...
View ArticleBrainworks to advise on Africa fund
Business Editor LOCAL private equity firm Brainworks Capital has been appointed as one of the key financial advisors to the US$325 million Atlas Mara investment vehicle. Atlas Mara is a banking...
View ArticleFidelity resumes operations
Martin Kadzere Senior Business Reporter FIDELITY Printers and Refinery, a State-owned gold refiner, resumed operations on Tuesday this week after a major facelift of its Harare plant, senior officials...
View ArticlePound rises, unemployment falls
London. — The British pound rose for the first time in six days yesterday versus the dollar after UK unemployment fell to the lowest since April 2009, fuelling speculation the central bank will need to...
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Life insurance firms write US$183m
Business Reporters ZIMBABWE’S life insurance companies wrote US$183 million in net premiums in the half quarter to September 30, 2013, according to figures from a report by the Insurance and Pensions...
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Gems body seeks US$50m for value addition
Business Reporter The Diamond Beneficiation Association of Zimbabwe says modalities are currently underway to set up of a funding vehicle for its members worth between US$30 million and US$50 million...
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Cash crunch symptomatic
Minister ChinamasaVictoria Ruzvidzo Business Focus THE cash crunch that has afflicted the financial sector, in recent weeks particularly, is certainly cause for concern, especially in instances where...
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