BUSINESS NEWS

Bet on Delta Corporation

Demand for Delta Corporation's products is expected to remain firm in the near future, making the company's stock a good bet, a financial advisory firm has said. This was after the Zimbabwe Stock Exch...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

Bad debtor record haunts Zimbabwe

Zimbabwe's bad debtor record is affecting the implementation of mega deals signed with China, industrialist Joseph Kanyekanye says. Zimbabwe has over the past five years inked several multi-million do...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

One-stop medical centre opens in Kwekwe

A STATE-OF-THE-ART one-stop medical facility, Westview Medical Centre, has been opened in Kwekwe to offer health services to the town's residents.Westview Medical CentreThe centre, located opposite th...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

Ex-NetOne boss off the hook

Former NetOne chief executive Reward Kangai, who is facing 21 counts of criminal abuse of office, was yesterday removed from remand after the State failed to furnish him with a trial date. Kangai's de...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

Govt speaks on fuel situation

Government has attributed the fuel stock-outs witnessed in the last two days at some service stations in Harare to delays in foreign currency allocations. Energy and Power Development Minister Dr Jora...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

NatPharm mulls requesting Health Levy Fund in forex

THE National Pharmaceutical Company (NatPharm) is considering requesting Government to avail the Health Levy Fund (HLF) in foreign currency to make the procurement of medical drugs hassle-free. Speaki...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

Mthuli Ncube's chance to shine

ALL eyes are on Finance and Economic Development Minister Professor Mthuli Ncube as he presents his 2019 National Budget proposals in Parliament today, the first in the Second Republic. The Budget com...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

Mthuli Ncube's National Budget tomorrow

The minister of Finance and Economic Development will present the 2019 Annual Budget Statement to the National Assembly tomorrow. In addition to the Budget Statement he will table the Estimates of Rev...

By Veritas | Published: 21 hours ago

BUSINESS NEWS

Courtney Hotel to be auctioned

Courtney Hotel is set to go under the hammer after it lost a case against its employees at the High Court.In a notice, Stothill Properties, notified the public that the Sheriff of the High Court had i...

By Staff reporter | Published: 21 hours ago

BUSINESS NEWS

Govt shoots down 300% hike in uniform prices

Government has shot down proposals by textile firms to hike prices of school uniforms by a massive 300 percent.This comes after uniform prices went up by as much as 440 percent last month.Addressing a...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Super specialist service for Ekusileni Medical Centre

HEALTH and Child Care minister Obadiah Moyo recently said he would meet with prospective investors who wish to operationalise the late Vice-President Joshua Nkomo's project, Ekusileni Medical Centre, ...

By Staff reporter | Published: 21 November 2018

BUSINESS NEWS

New Zimbabwe Bill to guarantee investments safety

THE Property Rights Bill is being finalised and would be tabled in Parliament before the end of the year as Government moves to guarantee safety of all investments in the country, Industry and Commerc...

By Staff reporter | Published: 21 November 2018

BUSINESS NEWS

Zambezi Gas, Coal Mine appeals to Govt

Zambezi Gas and Coal Mine has implored Government to expeditiously resolve a dispute in which it is accusing Makomo Resources of encroaching into 11 200 hectares of its Hwange-based concession.One of ...

By Staff reporter | Published: 20 November 2018

BUSINESS NEWS

Mthuli Ncube's 2% tax threatens mines operations

THE mining sector survey says the 2% transactional tax imposed last month has resulted in price increases across the value chain, which, if not reviewed, would lead to suspension of operations by some...

By Staff reporter | Published: 20 November 2018

BUSINESS NEWS

Funding for ailing companies

GOVERNMENT is set to avail funding to support ailing companies in the 2019 national budget to be announced this week and firms should formulate strategic value chains for effective growth, a Cabinet M...

By Staff reporter | Published: 20 November 2018

BUSINESS NEWS

CZR wants 2% tax scrapped

THE Confederation of Zimbabwe Retailers (CZR) is pleading with Government to review the two percent tax on electronic transactions, which it claims is being abused by some unscrupulous entities to des...

By Staff reporter | Published: 20 November 2018

BUSINESS NEWS

AfDB flagship report buttresses TSP ideals

THE African Development Bank (AfDB) has launched a flagship economic report on Zimbabwe, which aims to support renewal and transformation of the country. The regional bank said the report, which is ti...

By Staff reporter | Published: 20 November 2018

BUSINESS NEWS

Govt rules out price controls

Government will not impose price control measures, but employ a host of strategies to ensure commodity prices are stable and that there will be adequate supplies, Industry and Commerce Minister Mangal...

By Staff reporter | Published: 20 November 2018

BUSINESS NEWS

RBZ allays basics shortage fears

The supply of basic goods is expected to increase towards the festive season, spurred by Government intervention through the indefinite suspension of Statutory Instrument (SI) 122 of 2017, and the pro...

By Staff reporter | Published: 20 November 2018

BUSINESS NEWS

Ginimbi's bid to escape weekend detention flops

THE bid by embattled Harare socialite, Genius "Ginimbi" Kadungure, to avoid spending the weekend in remand prison hit a brickwall after his urgent chamber application at the High Court was heard on Sa...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

'Trade in forex, pay tax in forex'

The Zimbabwe Revenue Authority has directed businesses that are trading in multi-currencies to remit taxes in the same currency in which the goods have been sold. "Zimbabwe Revenue Authority has notic...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

Eddie Cross gives economy thumbs up, scoffs at doomsayers

The country's economy is on a sound footing due to Government policy initiatives that have seen growth in the GDP and exports among other indicators, former MDC-T policy advisor Mr Eddie Cross has sai...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

Mpilo Hospital sends out SOS after fire

MPILO Central Hospital is appealing for assistance to rebuild destroyed buildings after an inferno engulfed doctors' quarters on Saturday afternoon. The hospital board chairperson Mrs Sichelesile Ncub...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

Practice fair pricing, CZR tells retailers

THE Confederation of Zimbabwe Retailers (CZR) has encouraged retailers across the country to practice fair pricing and ensure that customers afford basic goods and services. Speaking during the Midlan...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

Inept bosses cost Zinara US$200m

The Zimbabwe National Road Administration (Zinara) has suffered a financial loss in excess of US$200 million due to incompetence and lack of expertise by its senior managers to negotiate contracts ben...

By Staff reporter | Published: 19 November 2018
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