Millions Lost Through Scrap Metal Exports
By Ishemunyoro Chingwere Zimbabwe could save at least $11 million per month and hundreds of jobs if it stops exporting scrap metal and beneficiate it locally, the Zimbabwe Institute of Foundrymen (ZIF)...
View ArticleZimCoke to take over govt debt
ZIMCOKE (Private) Limited will take over part of the debt that the government of Zimbabwe owes to German Development Bank (KfW) amounting to $225 million. BY KUDZAI MUCHENJEKWA On Friday, ZimCoke had...
View ArticlePromoting savings culture in Zimbabwe indispensable
Since time immemorial, generations have been saving. And going down the memory lane, lessons can be learnt from the Zunde raMambo concept from the Zimbabwean tradition where the kings store and...
View ArticleUS China trade war threat to gold sector
A potential trade war with the U.S. that threatens growth, simmering tensions on the Korean peninsula and this year’s slump in gold prices are reasons to buy. But People’s Bank of China data show the...
View Article‘Demand for mortages on the rise’
Enacy Mapakame Property Reporter Demand for mortgage loans in the country has been on the increase this year as Zimbabweans turn to real estate as a store of value, Real Estate Institute of Zimbabwe...
View ArticleBRICS commits to partnership, collaboration with Africa
Johannesburg. — Leaders of BRICS countries on Friday committed to partnership and collaboration with Africa as key attributes towards achieving mutual aspirations. Speaking at its 10th summit in South...
View ArticleFate of SA gold rests on giant, loss-making mine
Three thousand metres below the plains southwest of Johannesburg, teams of miners are toiling to revive the gold industry that underpinned South Africa’s economy for generations. The South Deep mine...
View ArticleRand weak
The rand was slightly weaker last Thursday, taking breather after racing to a six-week high against the dollar. Receding fears of a global trade war have contributed a great deal to the recovery of the...
View ArticleBAT looks to use shareholder’s dividend
Business Reporter The country’s biggest cigarette manufacturing company BAT Zimbabwe says it is looking at ways of utilising dividend funds belonging to its major shareholder British American Tobacco...
View ArticleSchweppes to venture in oranges production
Martin Kadzere Senior Business Reporter Schweppes Zimbabwe Ltd intends to venture into production of oranges as the company seeks to boost feedstock for its juice processing plant in Beitbridge,...
View ArticleBusiness happy with poll conduct
Business Reporter Industry has lauded Zimbabweans for conducting themselves in a peaceful and mature manner during the whole campaign period until the commencement of voting yesterday and is pinning...
View ArticleBusiness Happy With Poll Conduct
Industry has lauded Zimbabweans for conducting themselves in a peaceful and mature manner during the whole campaign period until the commencement of voting yesterday and is pinning hopes for major...
View ArticleSchweppes to Venture in Oranges Production
By Martin Kadzere Schweppes Zimbabwe Ltd intends to venture into production of oranges as the company seeks to boost feedstock for its juice processing plant in Beitbridge, according to the group’s...
View ArticleRBZ warned against TBs, overdrafts
South African research firm, Emergent Africa, has warned the Reserve Bank of Zimbabwe against financing fiscal imbalances using Treasury Bills (TBs) and overdrafts, saying this had negative...
View ArticleBank urged to dump economic variables
THE Reserve Bank of Zimbabwe (RBZ) should not be involved in the management of economic variables like farming, as that would result in the central bank incurring unsustainable debts, a financial...
View ArticleBasic principles of economics to diagonise price hike
THE price hikes being experienced in Zimbabwe could be easily diagnosed by the basic principles of economics, the Confederation of Zimbabwe Retailers (CZR) has said. Zimbabwe has been experiencing...
View ArticleZim sets 400 000t winter wheat target
ZIMBABWE’S winter wheat output is expected to reach 400 000 metric tonnes up from 158 000 tonnes achieved in the past seasons due to an increase in hectarage under command agriculture and introduction...
View ArticleBrace for more Chinese investment
Zimbabwe should brace for more investments and mega deals from China after Monday’s harmonised elections that were peaceful, head of a Chinese election observer mission to the just-ended elections Mr...
View ArticleDPC bails out depositors
The Deposit Protection Corporation (DPC), which was set up by Government in 2003 in response to high levels of bank failures, says it has played its role remarkably up to now. The DPC, which pays...
View ArticleComesa honours outgoing secretary general Ngwenya
Oliver Kazunga Bulawayo Bureau THE Common Market for Eastern and Southern Africa (Comesa) has honoured the outgoing secretary general Mr Sindiso Ngwenya in recognition of his distinguished service in...
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