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NicozDiamond taps into foreign markets

Mrs Grace MuradzikwaConrad Mwanawashe Business Reporter NICOZDIAMOND has secured a portfolio of new large corporates through strategic global partnerships that will drive new business for the group...

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Gray imports impact on local dealerships

Business Editor The country sold only 7 500 new vehicle units last year against 66 000 gray imports as affordability remains the main consideration in purchasing in the current economic environment....

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Retailers lead in job creation

Business Reporters RETAILERS, wholesalers and commodity brokers have emerged as Zimbabwe’s biggest formal employers, accounting for nearly one third on new jobs in the past 18 months. Latest statistics...

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Telecoms tariffs outdated: POTRAZ

Mr Alfred MarisaBusiness Reporter RATES being quoted by telecommunication companies no longer reflect the cost of providing the services given changes that have taken place since inception of the...

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GMO policy needs clarity

Jeffrey Gogo Climate Story IN the interest of public health and the environment, Government should clarify the ambiguity surrounding its anti-genetically modified organisms (GMOs) policy and the...

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Zibawu demonstrates against Stanbic

The Zimbabwe Banks and Allied Workers Union (Zibawu) on Monday held demonstrations at Stanbic Bank after the financial institution rejected workers’ demands for a salary increase. Protracted...

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ZPC seeks approval to sell 80MW

The Zimbabwe Power Company (ZPC) is seeking regulatory approval to sell 80MW of electricity to large off takers for a certain period in order to raise additional funding for the expansion of Kariba...

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Two investors to inject $400m into ZMDC

Conrad Mwanawashe and Tinashe Makichi Two investors have expressed interest to inject over $400 million in Zimbabwe Mining Development Corporation’s copper mining assets, The Herald Business has...

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Survivor’s benefit only for dependants

A survivor’s benefit is paid to the surviving dependants of a national pension scheme contributor or pensioner who has died. Normally this benefit is paid to the surviving spouse and dependent...

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RBZ tightens cash movement

Business Reporters The Reserve Bank of Zimbabwe has introduced a cocktail of measures set to ameliorate liquidity problems bedevilling the economy. With effect from today, individuals will only be...

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Gold near two-month low on stronger dollar

LONDON. — Gold held close to its lowest in two months yesterday, as the dollar marched higher after central bank heads signalled that interest rates were set on a diverging course in the US, Europe and...

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RioZim revenue drops 31pc

Lower production at Empress Nickel and Renco Mines and the effects of depressed gold and copper prices resulted in turnover falling to $39,9 million from $56,8 million recorded in the same period last...

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Mining media awards welcome

The Mining Media Awards are testimony that the Chamber of Mines and Ministry of Mines and Mining Development have now woken up to the reality that for our resources to be fully unlocked, media need to...

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Gulliver requires $10m to clear debts, recapitalise

Gulliver requires between $5 million and $6 million to clear its debts and about $2 million to $3 million to recapitalise its operationsGolden Sibanda Senior Business Reporter Distressed engineering...

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ZSE goes electronic

The Mining Media Awards are testimony that the Chamber of Mines and Ministry of Mines and Mining Development have now woken up to the reality that for our resources to be fully unlocked, media need to...

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Non-performing loans rise 18,5pc

Business Reporter NON-performing loans  in the local banking sector had risen to 18,5 percent by June 30 2014, having jumped from an average of just under 15 percent last year, the Reserve Bank of...

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Solid waste management

What is solid waste? Solid waste refers to discarded materials other than fluids and gases. It includes municipal garbage, agricultural refuse, demolition and industrial waste as well as mining...

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ZERA rejects proposed electricity hike

Business Reporter The Zimbabwe Energy Regulatory Authority has shot down the Zimbabwe Electricity Transmission and Distribution Company’s request for a 5 percent power tariff increase, in what may...

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Govt in effort to offset Seed Co debt

Fiona Chigwida Business Correspondent Seed Co says it has collected a total of $16 million from debtors since year end while Government has put in place in “net-off” structure with the group to clear...

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Fortune favours the brave, or does it?

Willdale, together with its competitors, is facing a contracted market since most construction projects underway are mainly residential, which are not big enough to support the industryLinda Tsarwe...

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