Latest News

ECONOMC INDICATORS

Gideon Gono's mid-term monetary policy out next week

RESERVE Bank of Zimbabwe Governor Dr Gideon Gono will next week present his mid-term monetary policy statement expected to propel growth in a post-election era. Addressing the Bulawayo business commun...

By Business Reporter | Published: 09 August 2013

POLITICS

Govt to scrap electricity bills, says Mujuru

Vice President Joice Mujuru says the government intends to scrap electricity bills that were accumulated since the hyper-inflationary era to lessen the burden on people.Mujuru who was addressing peopl...

By Business reporter | Published: 08 August 2013

TELECOMS & TECHNOLOGY

CCZ commends govt and Potraz for licencing Telecel

The Consumer Council of Zimbabwe has commended the Government and the Postal and Telecommunications Regulatory Authority of Zimbabwe for addressing the issue of the licensing of Telecel Zimbabwe.Telec...

By Business reporter | Published: 08 August 2013

ECONOMC INDICATORS

Cost of living decreases to $560

THE cost of living as measured by the Consumer Council of Zimbabwe's low-income urban earner's monthly basket for a family of six decreased by 0,6 percent to US$561,32 by the end of July from the Jun...

By Business Reporter | Published: 08 August 2013

BUSINESS NEWS

Bakers to purchase 75% local wheat

LOCAL millers and bakers are today signed a Memorandum of Understanding for buying flour.Under the agreement, bakers will purchase 75% of monthly flour requirements from local millers. This a move exp...

By Business reporter | Published: 08 August 2013

OPINION

Econet's image will suffer from fighting Telecel

With the recent announcement by telecoms regulator Postal and Telecommunications Regulatory Authority of Zimbabwe that they have renewed the Telecel Zimbabwe licence, Econet Wireless Zimbabwe will be ...

By Tonderai Rutsito TechSpot | Published: 08 August 2013

AFRICA BUSINESS

I-Net Bridge sold to McGregor BFA

Cape Town - Times Media Group is selling I-Net Bridge for R115m to McGregor BFA, which is owned by Naspers, according to a SENS report released on Thursday.I-Net provides a wide range of investment pr...

By Business reporter | Published: 08 August 2013

FINANCIAL SERVICES

Steward Bank wants to set up a distinct brand

STEWARD Bank, which was until recently a subsidiary of Lifestyle Holdings, will move out of Lifestyle Holdings premises by end of this year. Sources close to the developments indicated last week that ...

By Business reporter | Published: 08 August 2013

FINANCIAL SERVICES

BancABC optimistic about performance

AFRICAN Banking Corporation Group says its interims for six months to June this year will be solid despite a US$10 million impairment in respect of a contingent liability."Shareholders are advised th...

By Business reporter | Published: 08 August 2013

TELECOMS & TECHNOLOGY

TelOne switches on Victoria Falls

TEL-ONE has commissioned its fibre optic transmission link between Bulawayo and Victoria Falls in what will be a major boost for the tourist resort ahead of co-hosting the United Nations World Tourism...

By Business reporter | Published: 08 August 2013

FINANCIAL SERVICES

Tunis bank to invest in Zimbabwe

Tunis-Headquartered, pan-African financial services group Alios Finance is set to enter the Zimbabwean market during the first quarter of next year, a company official has said. Alios Finance Zambia a...

By Business reporter | Published: 08 August 2013

HOW TO

Negotiating project scope for successful project management

The secret to good project management is good scope management. But how many realise that effective scope management is really all about negotiation? In this week's newsletter we unpack the skill of p...

By Regenesys Business School | Published: 08 August 2013

BUSINESS NEWS

'Policy needed for planned beneficiation in Zimbabwe'

The Chamber of Mines of Zimbabwe (CMZ) has supported calls for the implementation of planned beneficiation of minerals in the country, but said this had to be supported by government policy and strate...

By Business reporter | Published: 08 August 2013

POLITICS

Zanu-PF most likely to settle on a relaxed indigenisation policy

Government is most likely going to come up with a slightly more relaxed indigenisation policy, a financial analyst John Robertson has said."I have heard them speaking of instead of a five year horizo...

By Business reporter | Published: 08 August 2013

FINANCIAL SERVICES

NMB Bank seeks more cash for capitalisation

Banking group NMBZ Holdings says the US$16 million it obtained from three foreign banks during the first quarter of the year has enabled it to double the size of the bank and strengthened its ability ...

By Business reporter | Published: 08 August 2013

BUSINESS NEWS

RBZ Statement on the continued use of Multi-Currencies

RBZ Statement on the use of Multi-CurrenciesZimbabwe multicurrency use to continue.pdf...

By Gideon Gono | Published: 08 August 2013

ZSE TODAY

ZSE shares continue to falter

ZSE shares continued to falter on Thursday closing in the red for the 5th straight session with fallers outnumbering risers by 9 to 4 counters as the sell-off persisted across the board.The mainstream...

By Business reporter | Published: 08 August 2013

POLITICS

Indigenisation must be done properly, says Gono

RBZ governor Gideon Gono has said he is not opposed to a drive to transfer ownership of foreign firms to locals but said it must be done properly. Gono spoke after President Mugabe's Zanu-PF, buoyed b...

By Business reporter | Published: 08 August 2013

BUSINESS NEWS

Zimbabwe to clarify laws as it seeks investment

ZIMBABWE will strengthen and clarify a law compelling foreign companies to cede 51% of local assets to black Zimbabweans or the government in a bid to win investment, Justice minister Patrick Chinama...

By Business reporter | Published: 08 August 2013

BUSINESS NEWS

SECZ announces new directive on brokerage firms

THE Securities Commission of Zimbabwe (SECZ) has ordered brokerage firms intending to sell shares held by defunct, suspended or struggling stockbroking firms to seek approval from the capital markets...

By Business reporter | Published: 08 August 2013

ZIMBABWE

Zimbabwe has enough cash, says Gono

LOCAL banks have enough cash to support the transacting public despite shortages experienced this week, Reserve Bank of Zimbabwe Governor Dr Gideon Gono said yesterday. Addressing the business communi...

By Business Reporter | Published: 08 August 2013

INDUSTRIALS & ENERGY

Cimas membership increases by 8%

CIMAS,the country's oldest and largest medical aid company, says its members grew by eight percent to 191,000 for the year ending December 2012.The company attributed the membership boost to the retur...

By Business reporter | Published: 07 August 2013

AFRICA BUSINESS

Zimbabwe to host African business summit

ZIMBABWE will tomorrow host the inaugural African Business Leadership (ABL) Summit in Harare.The summit, which will bring together international business leaders, scholars, policymakers and industry e...

By Business reporter | Published: 07 August 2013

BUSINESS NEWS

Bulawayo industries to recapitalise

Captains of industry in Bulawayo say there is need for business entities to come together and strategise on ways to recapitalise the industry.Former Bulawayo National Chamber of Commerce chairperson a...

By Business reporter | Published: 07 August 2013

MINING & RETAIL

RioZim gets new plant

Zimbabwe Stock Exchange-listed mining firm, Riozim, will make annual savings of nearly US$4 million once its new oxygen plant is commissioned.The company which is currently in the process of implement...

By Business reporter | Published: 07 August 2013

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