SA metals union close to ending strike
Johannesburg. – The South African union leading a walkout by 220000 metalworkers is close to an agreement with employers on wage increases and will resume talks to end a week long strike, the Labour...
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UK manufacturing unexpectedly slumps
Uk’s factory output plunged 1,3 percent from AprilLondon. - UK manufacturing unexpectedly slumped the most in 16 months in May, indicating the economy may have struggled to maintain momentum in the...
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Importance of financial inclusion
Sanderson Abel It can be further defined as a situation where everybody has access to an appropriate range of financial products and services, which allows them to effectively manage their money,...
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NSSA’s new bank to focus on housing
Conrad Mwanawashe Business Reporter THE National Social Security Authority has appointed Deloitte and Touché to process papers for its application for a micro-finance bank licence that will have an...
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Platinum miners decry 15pc export levy
A Mimosa workers monitor ore being transferred to the surface on a conveyor belt from underground. Mimosa is one of the platinum companies that have been affected by the export levyGolden Sibanda...
View ArticleCall to revise VSAT landing fees
Technomag The Government has repeatedly indicated that it is committed to ensure the successful Zimbabwe Agenda for Sustainable Socio-Economic Transformation, which is commendable but the same...
View ArticleRebate of duty on arts organisations equipment
Did you know that arts organisations based and registered in Zimbabwe can enjoy duty free importation of equipment that they use in their performances? The Customs and Excise (General) Regulations,...
View ArticleThe big fish moment
Zachary Aldwin Milkshake in the Boardroom Last weekend I had to address a group of people that receive multiple talks a week. I’m not really keen on hitting the category where I blend into the list of...
View ArticleNumsa considers new offer from employers
Johannesburg. — The National Union of Metalworkers of South Africa (Numsa) is considering a new offer from employers in the metals and engineering sectors, with hopeful signs that workers will return...
View ArticlePalladium climbs to trade near highest since 2001
SINGAPORE. — Palladium climbed for a 13th session yesterday to trade near its highest since 2001 on concern about supply constraints in South Africa, while strong demand for the metal from the car...
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Textile industry needs $200m to recapitalise
The textile sector used to be one of the country’s major employers, employing about 51 000 people at its peakMartin Kadzere Senior Business Reporter ZIMBABWE’S textile industry needs at least $200...
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Fbc to get $20m from Afreximbank
Mr John MushayavanhuGolden Sibanda Senior Business Reporter FBC Holdings will soon start drawing down on the last tranche of $20 million out of the $60 million facility secured from Afreximbank after...
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Freda gold output down 10 percent
Freda Rebecca milled a record 1,06 metric tonnes in the year to 31 March 2014, and has now reached its name plate mill capacityGolden Sibanda Senior Business Reporter Freda Rebecca’s gold output...
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Zim’s SMP satisfactory — IMF
Business Reporter ZIMBABWE is addressing the 2014 fiscal gap and implementing policy measures aimed at improving the quality of public expenditures and enhancing financial sector stability, the...
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Trade deficit declines
Dr Erich BlochBusiness Reporter— The country’s trade deficit in the five months to May was at $1,47 billion, narrowing by about 17,9 percent from the comparable period last year reflective of the tight...
View ArticleSeed Co’s performance okay but maybe they need to do more
The Herald Business only carried a small part of Seed Co Limited financial results for the year to March 31, 2014. However, because of the various briefings during that particular week, there was no...
View ArticleMining CEOs earn twice as much as peers
Pretoria. – CEOs of large mining companies paid themselves more than double what other JSE executives received last year, a survey by PwC shows. According to information from the annual reports of...
View ArticleCourt issues judgment against Tetrad
Conrad Mwanawashe Business Reporter THE High Court has issued a default judgment against Tetrad Investment Bank following the bank’s failure to honour call deposits amounting to about $1,1 million. The...
View ArticleOil slips to two-month low on slack US demand
LONDON. — Oil fell to a two-month low under $108 a barrel yesterday, extending its longest losing streak in four years, pressured by weak petrol demand in the US and the prospect of rising supply from...
View ArticleSAZ steps up efforts for quality test on all products
Golden Sibanda Senior Business Reporter The Standards Association of Zimbabwe will soon compile a draft report on findings from stakeholder consultations that will guide crafting of legislation...
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