Chipangano bounce back
HWANGE have made a quick return to the Castle Lager Premier Soccer League (PSL) after clinching the Zifa Southern Region Soccer League title with a win over contenders Tsholotsho at the Colliery...
View ArticleHarare Bars Forced to Close Early As Clients Dodge Exorbitant Beer Prices
By Robert Tapfumaneyi CURRENT price increases on goods and services in the country have forced most drinkers in Harare to alter their imbibing habits as their favourite beverages have now been priced...
View ArticleRed Hat jumps, IBM shares dip
IBM Corporation’s $34 billion deal to buy Red Hat Inc drove shares in the small but fast-growing software maker 50 percent higher yesterday, reflecting the huge premium IBM is paying to ward off any...
View ArticleLow levels of agric productivity costly for Govt: Paper
Business Reporter The low levels of productivity in the agricultural sector necessitated Government to pay unsustainable high producer prices that have resulted in budget deficits amounting to several...
View ArticleValue addition adds shine to minerals
Africa Moyo Senior Business Reporter Government’s insistence on value addition of minerals added shine to Zimbabwe’s export earnings last month, as sales from shipments of platinum group metals matte...
View ArticleBanks fingered in US dollar scams
Tawanda Musarurwa Senior Reporter Market indiscipline in the local financial services sector necessitated the separation of Foreign Currency Accounts (FCAs) and real time gross settlement (RTGS)...
View ArticleED, business in candid talks
Africa Moyo Senior Business Reporter President Mnangagwa yesterday held candid discussions with captains of industry, retailers, bankers and consumers with a view to locate challenges and possible...
View ArticleFinancial markets tipped to remain volatile
ZIMBABWE’S financial markets are likely to remain volatile until nostro foreign currency accounts (FCAs) meet the demand in the real time gross settlement (RTGS) accounts, a local financial services...
View ArticleBrand Zimbabwe a hard sell, says business leaders
Former Confederation of Zimbabwe Industries president Busisa Moyo says Brand Zimbabwe is still a work in progress and is facing challenges that require a collective effort to surmount. BY KUDZAI...
View ArticleTony Elumelu sponsors 21 Zim entrepreneurs
About 21 Zimbabwean entrepreneurs are among 1 000 young persons who will benefit from the latest round of the Tony Elumelu Entrepreneurship Programme’s (TEEP) $100 million fund. BY FIDELITY MHLANGA...
View ArticleGovt wage bill to hit $3,7bn after salary hikes
BY TATIRA ZWINOIRA GOVERNMENT’S wage bill is seen growing by 16% this year to $3,7 billion, rising to $3,9 billion next year and pushing the budget deficit to nearly 14% of the gross domestic product...
View Article‘Foreigners fuel smuggling’
FOREIGNERS who operate small unregistered shops in downtown areas of major cities in Zimbabwe, are reportedly perpetrating rampant smuggling of basic goods into neighbouring countries at a time...
View ArticleZim FDI increases
Zimbabwe was among top destinations for Foreign Direct Investment (FDI) last year, recording a near 100 percent growth in number of projects from the previous year compared to its neighbours that...
View ArticleHwange Colliery under administration
GOVERNMENT has placed ailing coal mining firm Hwange Colliery Company Limited under administration to allow it to recover and potentially return to profitability. HCCL, which has been performing badly...
View ArticleExplore alternative investment options that retain value
Zimbabwe, a nation on the brink of a possible economic turnaround, had its progress almost halted last month by the “invisible hands” of the market, with pressures coming in many different forms....
View ArticleExplore alternative investment options that retain value
Zimbabwe, a nation on the brink of a possible economic turnaround, had its progress almost halted last month by the “invisible hands” of the market, with pressures coming in many different forms....
View ArticleOil dips
Brent oil prices dipped yesterday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports. Front-month Brent...
View ArticleSA rand firms
South Africa’s rand firmed against the dollar in early trade yesterday, as investors awaited third quarter unemployment data. At 0705 GMT, the rand traded 0,54 percent stronger at 14,6400 per dollar,...
View ArticleZim’s ease of doing business ranking improves
Zimbabwe has improved its global ease of doing business ranking to 155 up from a ranking of 159 for the comparative prior year, the latest World Bank Doing Business 2019 Report has revealed. The...
View ArticleRand drops
South Africa’s rand dipped yesterday after the country reported an unexpected trade deficit for September. Following the release of the data, the rand extended its losses to trade more than 1.7 per...
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