Power of search and seizure
Did you know that the Commissioner General of the Zimbabwe Revenue Authority (ZIMRA) and any person to whom he has properly delegated authority, may exercise the powers to search and seize goods,...
View ArticleHigh court orders Altifin to pay Cottco
Business Reporter THE High Court has ordered Altifin Insurance to pay the Cotton Company of Zimbabwe about $117 000 plus interest which arose from an insurance claim raised by the cotton producer. High...
View ArticlePrice your products correctly
Shelter Chieza Change Management Some learned colleagues of mine and I recently met up to try and determine where our economy is heading. While Zimstats and some economists believe that we are in...
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Makomo now largest coal producer
Four year old Makomo Resources in 2013 overtook Hwange Colliery Company Limited (HCCL) to become the biggest coal miner in the country, latest data from the Chamber of Mines shows. Owned 60 percent by...
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Essar to partner ZMDC in exploration project
Business Reporter INDIAN steel conglomerate, Essar Africa will partner the Zimbabwe Mining Development Corp to explore iron ore deposits at Manhize Ranch in Chivhu. The group is also looking at setting...
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Old Mutual relaxes distressed industries facility
Business Reporter Industry and Trade minister Mike Bimha has said Old Mutual Zimbabwe has agreed to relax terms and conditions enshrined within the Distressed Industries and Marginalised Areas Fund...
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Capital Bank workers fight liquidation
Conrad Mwanawashe Business Reporter Capital Bank workers have urged the High Court to dismiss the National Social Security Authority’s application to liquidate the troubled bank on the basis that the...
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Govt works on clearing debt
Finance and Economic Development Minister Patrick Chinamasa answers questions in Parliament yesterday. — (Picture by Munyaradzi Chamalimba)Business Reporter Zimbabwe is making regular payments to the...
View ArticleInsurance firms still to meet prescribed assets ratio
Business Reporter The Insurance and Pension Commission has threatened to take legal action against non-life insurance firms that have not complied with the mandatory minimum prescribed assets ratio of...
View ArticleInstability shouldn’t prompt rate change – Yellen
Washington. – Federal Reserve Chair Janet Yellen said concerns about financial stability shouldn’t prompt a change in current monetary policy while flagging “pockets of increased risk-taking” in the...
View ArticleArab lenders take over as international banks retreat
Dubai. – International banks retreating from the Middle East cleared the way for Arab lenders to take over as the region’s biggest dealmakers in the first half. Saudi Arabia’s Samba Capital replaced...
View Article‘SA credit rating at risk as strikes mount’
Johannesburg. – RATINGS agency Moody’s, which has SA on a negative outlook, cautioned yesterday of a potential “credit negative” for the country after the latest round of labour action. It said in the...
View ArticleGold slips ahead of US jobs data, ECB meeting
LONDON. — Gold slipped yesterday as the dollar and equity markets strengthened, while investors awaited a European Central Bank (ECB) meeting and US jobs data to gauge the strength of the global...
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‘Engineering, metals sector has great potential’
Business Reporter ZIMBABWE’S engineering and metals sector has potential to generate $14 billion per year if recapitalised, a study by the Zimbabwe Economic Policy Analysis Research Unit shows. “The...
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Who is Meikles, Cottco fooling?
My Two Cents Happiness Zengeni Admittedly this column has not been as regular and the reasons for this are varied. I am, however, not going to go through all of them but straight to this week’s topic....
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CABS suspends youth loan scheme
The Central African Building Society (CABS) has suspended disbursing loans under the Youth Development Fund (YDF) due to a high default rate of 78 percent, Parliament heard yesterday. A subsidiary of...
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IDBZ to restructure balance sheet
Mr Willard ManungoClara Mawere and Martin Kadzere THE Infrastructure Development Bank of Zimbabwe plans to create a Special Purpose Vehicle to assume the bank’s foreign debt as it seeks to restructure...
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Govt reins in parastatals
Finance and Economic Development Minister Patrick Chinamasa (centre) addresses journalists during a Press briefing yesterday flanked by his deputy Dr Samuel Undenge (left) and head of the Debt...
View ArticleCompetitiveness vital
Vandudzai Zirebwa Buy Zimbabwe The latest ZIMSTATS figures indicate that Zimbabwe’s import bill declined by $400 million to $2,5 billion for the period January to May 2014 compared to the same period...
View ArticleLessons for climate sector from HIV/Aids
Jeffry Gogo Climate Story Climate change experts will meet in Kariba on July 15 for a final review of Zimbabwe’s climate change strategy before possible endorsement and adoption, as the country seeks...
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