Parliament orders accountant-general to publish 2016 financials
ACCOUNTANT-General Daniel Muchemwa has been ordered by Parliament to produce and publish government’s consolidated financial statements for 2016 and 2017 before year-end. BY FIDELITY MHLANGA Muchemwa,...
View ArticleBank Workers Plan Demos Over Job Cuts By Stanchart
By Alois Vinga Bank workers in Zimbabwe are planning a demonstration against job cuts by Standard Chartered Bank, a development they blame on the central bank’s alleged failure to contain the crisis....
View ArticleCity of Harare Allocate 10.98 Percent of Its 2019 Budget to Water & Sanitation
In its 2019 budget presented by Councillor Luckson Mukunguma, City of Harare allocated $51 856 200 to water and sanitation against a total budget of $472 248 300. This is a milestone increment in...
View ArticleRetailers, Manufacturers End Tiff
By Bernard Yombayomba Retailers and manufacturers have put aside their differences over the causes of product shortages and resultant spiral in prices in October. This comes as normalcy has somewhat...
View ArticleForestry Comm to Get 50pc of Tobacco Levy
By Elita Chikwati Senior Agriculture Government has authorised the Forestry Commission to handle 50 percent of the money collected from farmers under the tobacco levy for use in afforestation...
View Article‘Ditch Old Equipment and Invest in New’
By Africa Moyo Zimbabwe must consider investing in new manufacturing equipment as opposed to “resuscitating” old and dilapidated equipment, if production is to be increased, riding on improved...
View ArticleNetone Fined for Service Breach
By Zvamaida Murwira The Post and Regulatory Authority fined NetOne last month for misrepresenting information to its subscribers as the authority vowed that there are no sacred cows when it comes to...
View ArticleDeeds battle shows need to align laws to Constitution
Business Reporters The legal fight between global financier Al Shams Global BV1 Limited and Equity Properties (Pvt) Ltd over title deeds to a piece of land belonging to the latter, has brought to fore...
View ArticleNational Foods switches off wheat milling machines
ONE of the biggest millers in the country, National Foods Limited (NFL) says it will today switch off its wheat milling machines, citing non-payment of its foreign suppliers, with the country facing...
View Article‘Economy should grow by 7% to meet SDGs’
ZIMBABWE’s economy needs to grow by 7% in order to meet the sustainable development goals (SDGs), Ministry of Finance officials told Parliament yesterday. By Veneranda Langa Graciano Nyaguse (director...
View ArticlePuma Energy partners Chicken Hut
Michael Magoronga Midlands Correspondent FAST food outlet, Chicken Hut has entered into a partnership deal with Puma Energy that will see the food outlet open outlets at every Puma service station...
View ArticleWheat Shortage Fears Allayed
Zimbabwe has enough stocks of wheat to cover the next four months, Information, Publicity and Broadcasting Services Acting Minister Mangaliso Ndlovu said yesterday. Responding to questions from...
View ArticleED Vows to Recover ‘Looted’ Zinara Funds
By Tendai Mugabe Government will recover all the money looted at the Zimbabwe National Road Administration, President Mnangagwa has said. An audit report by Grant Thornton at the national administrator...
View ArticlePaladium tops gold
Gold just got left behind by one of its sister metals. After a demand-fuelled rally over the past four months that’s seen prices hit a record, palladium for immediate delivery topped gold following a...
View ArticleOil easies
LONDON. – Oil recouped some of its early losses yesterday, echoing a modest recovery in global equities, but concern about the outlook for global growth and evidence of yet more crude supply kept gains...
View ArticleDuly’s ready for agric season
Princess Ncube Motor company Duly Holdings Limited (Duly’s) is ready to supply farmers with equipment for the new agriculture season under their brand, New Holland, general manager Mr Elliot Shoniwa...
View ArticleForex shortages, inflation weigh on Innscor
Enacy Mapakame Diversified Industrial group, Innscor Africa Limited says gross profit margins during the first quarter of the 2019 financial year remained under pressure due to foreign currency and...
View ArticleEconet unit launches instant loan platform
Michael Tome Business Reporter CASSAVA Smartech banking unit, Steward Bank and Ecocash yesterday launched a platform where Econet mobile network subscribers will be able to open bank accounts through...
View ArticleGold deliveries slump 44pc
Ishemunyoro Chingwere Business Reporter SMALL-scale miners have called on Government to consider paying 100 percent of gold deliveries in hard currency after deliveries to Fidelity Printers and...
View ArticleBatoka: Chinese firm to meet ED
Golden Sibanda Senior Business Reporter A SEVEN-member delegation from China Gezhouba Group Company (CGGC), the main subsidiary of State-owned Energy China, will visit Harare to meet President...
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