‘We’re sorry,’ says Innscor’s new boss
Business Reporters INNSCOR Africa Limited chief executive Mr Antonio Fourie has apologised for not following proper procedures when the group announced him as the new CEO last month.Mr Fourie, who also...
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Zamco takes over non-performing loans
Finance and Economic Development Minister Patrick Chinamasa (centre), flanked by Reserve Bank of Zimbabwe Governor Dr John Mangudya (left) and Minister of Industry and Commerce Mike Bimha, follows...
View ArticleWorkplace tasks should be made safe
The new Occupational Safety and Health Policy is anchored on a number of principles, the first of which is that the highest priority at every workplace should be to make every job or task safe before...
View ArticleZimbabwe scores high on governance
Andrew Robinson Zimbabwe received rare praise recently when it was named in the latest Ibrahim Index of African Governance report as one of the continent’s five most improved countries since 2009....
View ArticleGovt in $28,4m budget deficit
Happiness Zengeni Business Editor Government reported a budget deficit of $28,4 million in the nine months to September, adding more weight to arguments that the Minister of Finance should adopt cash...
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Govt moves to formalise SMEs
Minister NyoniTinashe Nhari Business Reporter Government and the World Bank are close to finalising the approach which will be used in formalising the small enterprises sector, Small to Medium...
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Econet partners Ericsson for network upgrade
Business Reporter ECONET Wireless Zimbabwe has partnered Ericsson as the sole supplier for its core network and existing radio access network in an upgrade that will give the mobile phone company more...
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Major crisis brews in cotton sector
Martin Kadzere Senior Business Reporter A MAJOR crisis is brewing in the cotton sector amid revelations that ginners, who have been funding cotton production, may significantly cut down on financial...
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Zim, South Africa to boost trade ties
Finance and Economic Development Minister Patrick Chinamasa (centre), flanked by Reserve Bank of Zimbabwe Governor Dr John Mangudya (left) and Minister of Industry and Commerce Mike Bimha, follows...
View ArticleSTI cases on the rise
Paidamoyo Chipunza Senior Health Reporter The number of people treated for sexually transmitted infections continues to increase in Harare in contrast to the declining trend in new HIV infections. This...
View ArticleBayer mulls sale of $2,5bn diabetes unit
Bayer AG (BAYN) is exploring the sale of its diabetes device business as the German company focuses on faster-growing medicines, according to people with knowledge of the matter. Bayer, based in...
View ArticleShops and waste management
Why the concern? Waste management has become one of the major environmental challenges that the country is facing. Thousands of tonnes of solid waste are generated daily in the country and estimates...
View Article10 daily uses of maths
A lot of people say they hate maths but they do not realise that maths is a part of our everyday life. We use maths as we clean the house, make supper or mow the lawn. Wherever you go, whatever you do,...
View ArticleBudgeting key to financial success
Sanderson Abel Financially, discipline is about controlling your spending and making sure you pay for the things that need to be paid. The hardest part for most people is controlling their spending. If...
View ArticleLocal vehicle production dips 88pc
Tinashe Makichi Business Reporter Local vehicle production continues to deteriorate with the industry recording an 88 percent drop to 2 000 units per annum this year from 18 000 units produced in 1997...
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We’re open to new ideas, Chinamasa tells investors
Minister ChinamasaBusiness Reporter FINANCE and Economic Development Minister Patrick Chinamasa says foreign investment can prosper in Zimbabwe contrary to reports that say otherwise. Minister...
View ArticlePioneer scales down seed production
Seed and chemicals producer Pioneer Hi-bred Zimbabwe says it has stocks sufficient to satisfy local demand for the next two years. The company has grown its market to become one of the top three seed...
View ArticleIndustrials gain, but trades remain subdued
The market ended mixed, with more counters closing higher as winners slightly edged losers with a five-two advantage. However, trading remained relatively subdued as there were no trades in the...
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2015 Budget: Banking sector confidence key
FLASHBACK. . . Then Acting Finance Minister Chinamasa poses for a photo before presenting the 2009 National BudgetBusiness Editor— Restoration of confidence in the banking sector should be one of the...
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ZESA to invest $32m in fibre network
Tinashe Makichi Business Reporter ZESA Holdings through its subsidiary Powertel will next year embark on a $32 million fibre optic backbone network project set to improve the country’s connectivity.The...
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