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Govt drafts Consumer Protection Bill

Minister BimhaConrad Mwanawashe Business Reporter GOVERNMENT has drafted the Consumer Protection Bill which will result in the establishment of a Consumer Court and a Consumer Protection Commission, a...

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Zesa seals deal with Nampower

ZPC and Nampower are on the verge of signing a power deal that will unlock a $160 million loan from Stanbic South Africa to finance development costs relating to expansion of Kariba SouthGolden Sibanda...

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Net bank credit to Govt increases

Martin Kadzere Senior Business Reporter NET bank credit to Government increased by 87 percent in the 12 months to August this year, largely driven by Treasury Bills held by commercial and merchant...

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Behind workplace accident statistics are real people

Last week Public Service, Labour and Social Welfare Minister Nicholas Goche revealed that in the first eight months of this year there were 71 deaths at work and 3 598 serious injuries. He reminded...

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ZSE falls out of favour

Linda Tsarwe Of late, there have been proposals from a number of companies that are opting to delist from the Zimbabwe Stock Exchange (ZSE). Currently, the ZSE has a total of 61 listed counters,...

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Capacity utilisation targets on course

Conrad Mwanawashe Business Reporter GOVERNMENT says it is in line to achieve the 80 percent capacity utilisation targets set out in the industrial development policy by 2016. The industrial development...

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Future of agric in HIV/AIDS era

Evans Zininga The world is under siege from the HIV and Aids pandemic, with Africa being the most affected. Zimbabwe is one of the countries with the highest rates of infection at a ratio of 1 per 3...

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Freda reviews retreatment project

Business Reporter Bindura based gold producer Freda Rebecca is considering reviewing its tailings retreatment project due to prevailing depressed gold prices on the world market, the company’s managing...

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Clear inputs debt, Govt urged

Mr NzvereGolden Sibanda Senior Business Reporter Government will need to clear its obligations from last season’s farming inputs supplies to get new credit for its input scheme this year, leading seed...

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Delta’s revenue falls

Business Reporter Delta Corporation’s revenue fell again for the second successive quarter during the period to September 30, down 5 percent, squeezed by the all-too-familiar poor consumer demand....

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US firm makes money off Zim concept

Happiness Zengeni in SAN FRANCISCO United States transport sharing company Lyft plans to go international in 2015 and is currently involved in conversations with governments around the world. Lyft is a...

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BNC targets 17pc production increase

BNC has started civil works aimed at reviving its smelterTinashe Makichi Business Reporter— Bindura Nickel Corporation is targeting a 17 percent increase in Nickel concentrate production at its Trojan...

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Kenya handset market in massive growth

JOHANNESBURG. - The Middle East and Africa handset market grew to its largest size in 10 quarters in the second quarter of this year. This is according to the global advisory and consulting services...

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CABS to rope in corporates on Budiriro housing project

CABS plans to engage corporates on the Budiriro housing scheme as it seeks to improve uptake on the project, managing director Kevin Terry has said.In an interview, Mr Terry said pursuing the Harare...

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Annual inflation trends downwards

Golden Sibanda Senior Business Reporter THE annual inflation of rate trended downwards for the second consecutive month after shedding 0,06 percentage points in August to 0,09 percent in September 2014...

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Oil falls in well-supplied market

SINGAPORE — Brent crude fell to just above $88 a barrel yesterday in a well-supplied market amid the fading expectation that Organisation of Petroleum Exporting Countries could cut output and shore up...

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SA delays spending to curb deficit

Pretoria. – South Africa’s government will postpone some of its spending programmes to help curb the budget deficit as economic growth slows, Finance Minister Nhlanhla Nene said.“We no longer have that...

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NSSA reaps $4,5m from FBC investment

The National Social Security Authority on Sunday said it has earned over $4,5 million in dividends from its investment in financial group, FBC Holdings in the last five years and is eyeing more...

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Meikles banks on $89m Treasury Bills

Meikles will utilise its new financial flexibility to implement measurers that will enhance shareholder valueConrad Mwanawashe Business Reporter MEIKLES Limited says the Reserve Bank of Zimbabwe will...

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Govt engages French to curb sub-standard imports

Minister BimhaTendai Sahondo Business Correspondent The Ministry of Industry and Commerce is engaging a French pre-export verification firm with a view to curbing the importation of substandard goods...

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