Clik here to view.
RBZ may sanction Econet
Business Reporter THE Reserve Bank of Zimbabwe might take punitive measures against Econet Wireless if the company insists on refusing banks unfettered access to transact on its mobile network. The...
View ArticleSA bonds gain on inflation outlook
Johannesburg. — South African bonds rallied, heading for the highest in more than a month as investors’ inflation expectations waned. The rand swung between gains and losses against the dollar....
View ArticleFagold’s revenue falls
Business Reporter. FALCON Gold Zimbabwe recorded a net loss of US$12,5 million for the year ended September 2013 after falling international gold prices resulted in a decrease in revenue. The 212...
View ArticleChina money rates surge
Beijing. — China’s benchmark money-market rate climbed for a seventh day and interests rate increased as banks hoarded cash to meet year-end regulatory requirements. The seven day repurchase rate, a...
View ArticleClik here to view.
CZI woos FDI
Business Reporter PRIVATE companies from Zimbabwe’s manufacturing sector will next month visit European Union countries with a view to attract foreign direct investment. The visit is due to take place...
View ArticleApple, China Mobile sign long-awaited deal
NEW YORK/BEIJING. — Apple Inc said it has signed a long-awaited agreement with China Mobile Ltd to sell iPhones through the world’s biggest network of mobile phone users. In a deal that could add...
View ArticleClik here to view.
High expectations from budget
Finance Minister Patrick Chinamasa presents the 2014 National Budget in ParliamentLinda Tsarwe Business Correspondent The much awaited 2014 budget was presented by the Minister of Finance last week...
View ArticleClik here to view.
Ethical decisions key
Bradwell Mhonderwa Business Ethics Ethics is a community affair and not an individual issue. Ethical behaviour is defined according to the value system of the whole community or society not...
View ArticleClik here to view.
AfDB approves US$20m Zim Fund project
Martin Kadzere Senior Business Reporter THE African Development Bank last Friday approved phase two of Zimbabwe’s emergency power infrastructure rehabilitation project worth close to US$20 million. The...
View ArticleClik here to view.
Zimplats to open US$470 mine
Business Reporter MINING company Zimplats has earmarked US$469 million for the opening of a new mine, an official has said. It will be the fifth mine to be operated by the country’s largest platinum...
View ArticleClik here to view.
Preparing for a storm
Ben Chiganze A Bass Fisherman’s Approach It is the management’s prerogative to be continually sensitive to environmental dynamics. Ignoring the effect of environment is in most cases detrimental to the...
View ArticleClik here to view.
NTS half-year profit dips
TYRE manufacture, National Tyre Services recorded a drop in net profit to US$351 000 in its half year ending September, 2013 from US$479 000 in the prior period due to competition and reduced product...
View ArticleClik here to view.
Sugar cane output to grow 9pc
ZIMBABWE’s sugar cane output is projected to grow 9 percent to 4 550 000 tonnes in 2014 up from this year’s 4 159 034 tonnes driven mainly by hectrage planted as well as resumption of operations at...
View ArticleClik here to view.
Govt to review mining fees
Minister ChinamasaBusiness Reporter GOVERNMENT has responded to mining companies’ perennial pleas for a reduction of mining fees after Finance and Economic Development Minister Patrick Chinamasa...
View ArticleClik here to view.
Mining continues to drive investment
THE MINING sector continues to drive investments in the country, attracting investments worth US$207 million off 59 projects in the period to November this year. According to the latest statistics from...
View ArticleLeather industry gets boost
Rumbidzai Zinyuke Business Reporter Government has stepped up measures to curtail the exportation of raw hides by introducing a US$0,75 export tax on every kilogramme of raw hide in a move that is...
View ArticleClik here to view.
Innscor to comply with indigenisation requirements
Happiness Zengeni Business Editor LISTED conglomerate Innscor Africa is set to comply with the country’s indigenisation requirements under a plan, which will see the group sell 12,87 percent to...
View ArticleClik here to view.
Hwange may accept US$50m bailout
Business Reporter Hwange Colliery Company Limited directors may accept shareholder Mr Nick van Hoogstraten’s US$50 million bailout package provided the latter climbs down on his loan condition for...
View ArticleClik here to view.
Competition will deter increase in charges: BAZ
THE Bankers Association of Zimbabwe says the prevailing competition in the banking sector will deter banks from further increasing charges. Some banks have been accused of reverting to high bank...
View ArticleClik here to view.
Dangers of indiscipline
Rumbidzai Tawanda Business CorrespondentOn Christmas, I woke up to dozens of Christmas wishes from friends and family all over the world. The one I liked the most was from my friend Matilda in South...
View Article