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Of AMA Bills and misplaced priorities
Shortage of skill has affected growth in agriculture resulting in poor yields per hactareBusiness Editor It is believed that the Zimbabwean economy is premised on agriculture and mining. At one point...
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‘Banks can’t meet miners’ requirements’
Mr GuvamatangaGolden Sibanda in BULAWAYO Local banks do not have capacity to meet the huge capital requirements of mining companies due to the small amount and transitory nature of bank deposits they...
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Chinamasa lowers GDP growth to 3,1pc
Finance and Economic Development Minister Patrick Chinamasa answers questions in Parliament yesterday. — (Picture by Munyaradzi Chamalimba)Business Reporter— FINANCE and Economic Development Minister...
View ArticleAngola delays stock market to 2017
Luanda. – Angola, sub-Saharan Africa’s third-largest economy, won’t start equities trading until 2017 because firms need to improve their accounting records, the country’s markets regulator...
View ArticleGovt reviews joint venture guidelines
Tinashe Makichi recently in Victoria Falls Government is reviewing the existing 2004 policy guidelines on joint ventures in order to give legal force and fine tuning it to avoid uncertainties and...
View ArticleNissan loses local franchise
Clara Mawere and Nhlanhla Dube Nissan Zimbabwe lost its local Nissan franchise on June 30th, 2014 as Nissan Motor Corporation decided not to renew the distribution agreement following the acquisition...
View ArticleLonmin foresees no need to raise funds
Johannesburg. – Lonmin Plc said it foresees no need to raise funds even as a five-month strike in South Africa wiped out cash, reduced third-quarter platinum sales by 68 percent and will raise costs by...
View ArticleGMOs will not make Zim food secure
Jeffrey Gogo I got a response to my last article that exposed the multiple dangers of genetically modified (GMO) foods or crops from Edmund Makowa who said the best way for the country to achieve food...
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Zim-WBIC to be launched
Minister Mike BimhaBusiness Reporter Zimbabwe and the European Union will this Friday launch a business information centre to enhance business linkages between local exporters with their European...
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BAT Zimbabwe declares dividend
Conrad Mwanawashe Business Reporter British American Tobacco Zimbabwe has declared a $0,30 per share interim dividend for the six months to June. The interim dividend includes $0,04 to be paid from...
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‘Remove duty,tax from pharmaceutical goods’
Nhlanhla Dube Business Reporter The Pharmaceutical Manufacturers Association has called on the Government to remove duty and Value Added Tax on imported raw materials and packaging used by the...
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Zim goods too expensive:CZI
Mr Charles MsipaGolden Sibanda Senior Business Reporter The strong US dollar adopted in 2009 and the depreciation of the South African rand in recent years has made local products 25 percent more...
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PPC secures $18m for new plant
PPC is prioritising the construction of a plant in Harare and has already established road access and temporary office at the siteTinashe Makichi Business Reporter PPC Zimbabwe has secured about $18...
View ArticleDairibord former employees cry foul
Business Reporter Dairibord Holdings’ former employees say the company is fleecing them of their returns by deducting 15 percent commission for every sale from the Dairibord Employee Share Ownership...
View ArticleStock exchange to set up SMEs fund
Golden Sibanda and Tinashe Makichi The Zimbabwe Stock Exchange is mulling establishing a revolving facility that will be used by small to medium enterprises wishing to undertake a primary listing on...
View ArticleZim companies eye booming Angola
Monica Cheru-Mpambawashe recently in Luanda, Angola Nine Zimbabwean entities in various fields that took part in the just ended International Fair of Luanda (FILDA) in Angola have expressed optimism at...
View ArticleHIV status does not affect eligibility for pension
Can an HIV positive person qualify for a pension? This was a questioned that was asked by one correspondent who claims to have contributed to the NSSA national pension scheme from 1994 to 2007. A...
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Soft drink workers get salary raise
Business Reporter Arbitrators in the salary dispute between the soft drink manufacturing employees union and manufacturing employers association have awarded a 10 percent wage increase to workers....
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Non-compliant firms submit recapitalisation plans to IPEC
National University of Science and Technology acting dean of commerce Mr Takaivona Vhimisai (second right) hands over an envelope containing the prize money for best overall student in short term...
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Shake-up looms in fast food sector
American fast food giant KFC opened recentlyBusiness Editor The local fast food business is set to be shaken up in a big way following the return of American fast food giant Kentucky Fried Chicken and...
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