POLITICS

'Mugabe must resign over corruption'

PRESIDENT Robert Mugabe must resign in embarrassment for failing to deal with corruption as well as misinforming the nation over graft allegations levelled against former Zimbabwe Mining and Developme...

By Staff reporter | Published: 14 April 2014

BUSINESS NEWS

Govt tightens screws on external loans

The Government has tightened screws on external loans as it seeks to avoid locking Treasury to terms that are difficult to service, a senior official in the Ministry of Finance and Economic Developmen...

By Staff reporter | Published: 14 April 2014

BUSINESS NEWS

Govt plans to revive NRZ, Sable

THE government is making frantic efforts to revive companies regarded as strategic players to the national economy, a government official has said.The companies include New Zim Steel, National Railway...

By Staff reporter | Published: 14 April 2014

BUSINESS NEWS

150 companies deregistered

More than 150 companies have been struck off the register, while over 200 have three months to prove their existence or be dissolved as the economy continues to slide under a biting liquidity crunch.I...

By Staff reporter | Published: 14 April 2014

OPINION

Buy Zimbabwe competitiveness driver

Buy Zimbabwe in conjunction with the National Economic Consultative Forum and the Ministry of Industry and Commerce hosted the Buy Zimbabwe Annual Conference last week.It was dubbed "Building competit...

By Vandudzayi Zirebwa | Published: 14 April 2014

BUSINESS NEWS

Civil servants receive back pay

SOLDIERS yesterday received their salary increments backdated to January, while other civil servants are expected to get their reviewed salaries before the end of this month.Last week, Public Service,...

By Pamela Shumba | Published: 11 April 2014

OPINION

Zim needs to build foreign currency reserves

Zimbabwe needs to build its foreign currency stock if the country is to maintain positive economic growth prospects.Foreign currency reserves typically play a significant role in leveraging a local cu...

By Staff reporter | Published: 10 April 2014

BUSINESS NEWS

Medical aid authority to be established

Government is mulling the establishment of an independent regulatory authority to supervise the operations of all medical aid societies.This was said by the Minister of Health and Child Care Dr David ...

By Staff reporter | Published: 10 April 2014

BUSINESS NEWS

Govt resuscitating SADC Lines of Credit

The Government has begun the process of resuscitating a number of lines of credit with countries in SADC. Zimbabwe's industry is currently struggling to operate at maximum capacities due to capital co...

By Staff reporter | Published: 10 April 2014

OPINION

What do you want to be?

Alan Hosking (HR Future magazine publisher)Ask any child what they want to be when they grow up and they will either say they don’t know or will give you a dreamy eyed answer. The truth is that we n...

By Alan Hosking | Published: 10 April 2014

BUSINESS NEWS

Zim trade deficit declines 9,4%

Zimbabwe's trade deficit in the two months to February declined 9,4 percent to $495,77 million from $547,26 million in the comparative period a year ago.Imports were at $966,3 million from $1,1 billio...

By Staff reporter | Published: 10 April 2014

BUSINESS NEWS

Government was biggest importer in 2013

The Government was the country's biggest importer last year, accounting for more than 60 percent of $7 billion imports.Zimbabwe has continued to have a skewed balance of trade position in over five ye...

By New Ziana | Published: 09 April 2014

BUSINESS NEWS

Zim to compensate Beitbridge Border Post contractor

Zimbabwe might have to compensate the company which was contracted to transform Beitbridge Border Post into a one-stop entry point in 2010 if Government engages another company to finish the job.Addre...

By Staff reporter | Published: 09 April 2014

BUSINESS NEWS

Zimra, Ministry of Finance give contradicting revenue stats

The Zimbabwe Revenue Authority (Zimra) says it managed to surpass its targeted revenue collection for the first quarter as Government battles to meet the April deadline to give civil servants a pay ri...

By Staff reporter | Published: 08 April 2014

BUSINESS NEWS

Govt non-committal on civil servants salary hike

The Government is still mobilising resources to ensure it fulfils its promise to increase salaries for civil servants this month, a senior official said on Monday.The Government last year pledged to i...

By New Ziana | Published: 08 April 2014

BUSINESS NEWS

Govt engages Comesa on Byo industry resuscitation

The Common Market for Eastern and Southern Africa (Comesa) has recommended that Government should rejuvenates economic enablers such as electricity, water, infrastructure and coal if Bulawayo is going...

By Staff reporter | Published: 08 April 2014

BUSINESS NEWS

Zim losing millions through the borders daily

The country is facing serious cash leakages which have resulted in millions of dollars passing through the borders into neighbouring countries on a daily basis, an official said.Zimbabwe Revenue Autho...

By Staff reporter | Published: 08 April 2014

BUSINESS NEWS

Joy for civil servants

CIVIL servants' salary increments will finally be effected by the end of this month despite indications that Treasury's revenue targets for the first quarter of the year are falling short by 6%.Financ...

By Staff reporter | Published: 08 April 2014

BUSINESS NEWS

Zim govt in tight squeeze over job cuts

The advice provided by the International Monetary Fund (IMF) to the Zimbabwean government to reduce the number of civil servants through retrenchment provides a tough policy choice for Finance ministe...

By newzimbabwe | Published: 08 April 2014

BUSINESS NEWS

Kajese heads new SEDCO board

Government last week announced the appointment of Professor Kingston Kajese as the chairperson of SEDCO's new board.Kingston Tabvana Kajese is a theologian, professor and administrator.A holder of thr...

By Staff reporter | Published: 07 April 2014

BUSINESS NEWS

ZimTrade to release exports survey results

ZIMTRADE is expected this week to release results of the local export manufacturing capacity survey conducted last year with the Confederation of Zimbabwe Industries (CZI) as worries mount over the go...

By Staff reporter | Published: 07 April 2014

BUSINESS NEWS

Govt suspends duty for approved importers

Government through the ministry of Finance and Economic Development has scraped duty on a number of imported products for identified importers, in a move that is widely expected to give reprieve to th...

By Staff reporter | Published: 07 April 2014

BUSINESS NEWS

Exporting companies buckle under pressure

More than half of Zimbabwe's exporting companies are facing stiff competition from Chinese and South African firms.According to the latest local export manufacturing capacity survey by Zimtrade, 52 pe...

By Staff reporter | Published: 07 April 2014

POLITICS

Chinamasa set for Washington

Finance minister Patrick Chinamasa will next week travel to Washington, United States, to attend the International Monetary Fund (IMF) spring meetings.The Treasury chief - struggling to secure bailout...

By Staff reporter | Published: 04 April 2014

BUSINESS NEWS

Zimtrade cautions on over-reliance on SA

Zimtrade on Friday warned that over reliance on South Africa as the main trading partner puts the economy at risk and called for local companies to diversiy export markets.A study of 50 firms that Zim...

By New Ziana | Published: 04 April 2014

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