International tourist arrivals up 4,6pc
Nelson Gahadza Business Correspondent International tourist arrivals grew 4,6 percent in the first 6 months of 2014 at 517 million which was 22 million more than same period in 2013. According to a...
View ArticleIs Zim justice system weak?
Martin Tarusenga Business Correspondent Some media reports have suggested that insurance companies and related service providers have routinely used weaknesses in the justice system to defer,...
View ArticleKansai ups stake in Astra
Business Reporter Kansai Plascon Africa Limited and Hemistar Investments (Pvt) Ltd have taken up more than 80 percent stake in Astra Industries after a mandatory offer was made to minority shareholders...
View ArticleImporting goods by post
This article provides information on goods imported by post. If goods are received from outside the country as mail (postal) articles – carried by ZIMPOST, the addressee is regarded as the importer of...
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Delta announces reduction in beer prices
Business Reporter Delta Beverages has announced a review of beer prices across the whole portfolio except on pints. The new prices came into effect on September 15, 2014 and have already been...
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Unpacking Colcom’s success story
Linda Tsarwe What a depressing reporting season it has been so far following a series of poor financial results by most companies. Given the challenges in the economy, various companies have fared...
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Russia keen to support companies
Minister BimhaOliver Kazunga Senior Business Reporter BULAWAYO. — The Russian government is keen to facilitate technical assistance and lines of credit through the country’s banking system to support...
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IMF team arrives
Conrad Mwanawashe Business Reporter An International Monetary Fund team arrived in the country yesterday to negotiate a successor Staff Monitored Programme (SMP) and immediately held meetings with the...
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Govt plans SPV to fund local industry
Golden Sibanda Senior Business Reporter Government plans to establish a Special Purpose Vehicle (SPV) to mobilise funding from external institutions to support local industry. Industry and Commerce...
View ArticleUK economy ready for battle as Scots vote
The UK economy is ready for battle. With the fastest growth among Group of Seven nations, Britain may have built up enough momentum to weather the possible loss of Scotland in today’s referendum, or to...
View ArticleNestle alliances to create 100 000 jobs
Geneva. — Nestle SA, the world’s biggest food company, said 100 000 job opportunities will be created for young people within four years as it expands an alliance with about 200 companies including...
View ArticleZPI revenue down 17pc
Business Reporter ZIMRE Property Investments performance in the six months to June saw revenue decline 17 percent after a drop in rental income and a fall in projects sales. Revenue for the half year...
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Hotel with rich history and class
Recent renovations have left the hotel donning a new look with a fresh Carousel Grill RoomIsdore Guvamombe Tourism Matrix SNUGGLED right in the heart of the Central Business District of Gweru, just a...
View ArticleGold sinks after Fed rate projections
LONDON — Gold touched its lowest level in eight-and-a-half months on yesterday as the dollar jumped to a four-year peak after the Federal Reserve indicated it could raise borrowing costs faster than...
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Act fast, baboons are in the field!
Baboons are baboons and they do what they know best especially when it comes to raiding and destructionNobel Laureate Paul Krugman once said productivity isn’t everything but in the long run it is...
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IDC to evaluate bids for Olivine Industries
Olivine has suffered from the high cost of finance and the liquidity crisis and frequent machine breakdowns as its equipment has outlived its lifespanGolden Sibanda Senor Business Reporter The...
View ArticleBudgets important for every business
Godfrey Wasara Business Correspondent Budgets and the budgeting process 2014 is coming to an end and by the Lord’s mercy; we might shortly be marching into 2015. Most business entities especially...
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Zimra garnishes Marange account
Zimra claims that Marange Resources owes a principal amount of $5,8 million, $1,1 million interest liability and $2,9 million penalty for failure to settle the dues on timeBusiness Reporter The...
View ArticleRBZ debt takeover faces resistance
Tinashe Makichi Business Reporter The proposed takeover of the Reserve Bank of Zimbabwe debt faces stiff resistance as members of the public, bankers and the business community called for a thorough...
View ArticleIndustry targets 450 000t cotton lint
Tendai Sahondo Business Correspondent Zimbabwe will launch its Cotton-to-Clothing (C2C) Export Strategy at the 5th Clothing Indaba in Bulawayo next Friday which aims to increase production of cotton...
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