Govt suspends duty on commodities
Michael Tome Business ReporterSuspension of duty on selected commodities among them luxury and public service buses, ammonium nitrate fertilisers, fertilised eggs for hatching and powdered raw milk...
View ArticleMeikles challenges assets sale
Martin Kadzere Senior Business ReporterMEIKLES Limited has appealed to the sheriff for the confirmation of sale of assets belonging to its subsidiaries, Tanganda Tea Company and Meikles Hospitality....
View Article2019 Zitf Preps Underway
By Michael Tome Preparation for the 60th edition of the Zimbabwe International Trade Fair (ZITF) kicked off with reports indicating that at least 64 percent of the 49 631 square metres available for...
View ArticleChurches Denounce Demos
By Talent Chimutambgi The church will not support demonstrations aimed at unseating a legitimate Government, Apostolic Christian Council of Zimbabwe (ACCZ) Archbishop Johannes Ndanga has said....
View ArticleSafari Operator Sues Bank
By Bulawayo Bureau A PROMINENT safari operator in the Gwayi Conservancy has approached the High Court challenging the attachment and auctioning of his $70 000 car and household property by the...
View ArticleApex Offloads Phoenix Shareholding
Engineering group Apex Holdings said yesterday it was offloading its majority shareholding in Phoenix Consolidated Industries which is currently under judicial management. Apex holds a 46,68 percent...
View ArticleSA rand firm
JOHANNESBURG. — South Africa’s rand firmed yesterday against a softer dollar as increased optimism that China and the United States will reach a trade deal boosted sentiment for riskier assets. At...
View ArticleExport relief for raw hide merchants
Kudakwashe Mhundwa and Princess NcubeGovernment has granted an export tax relief to registered raw hide merchants, as it moves to reduce the amount of unbeneficiated leather raw materials that are...
View Article‘Contract farming key to increased output’
Africa Moyo Senior Business ReporterThe country has been called upon to ramp up contract farming for various crops such as tobacco, wheat and soya bean, not only to boost output, but also to save the...
View ArticleSmall-scale miners cry foul over fuel shortages
Ishemunyoro Chingwere Business ReporterFuel shortages that have dogged the economy since last year, are now posing a threat to the mining sector and small-scale miners have called on the Government to...
View ArticleAvoid Market Jitters, Stay the Course
By Rishay Lalla The recent inflation spike coupled with volatility on the parallel market, low interest rates and a hazy economic outlook are just a few ingredients of what seems to be a rather...
View ArticleTrade deficit drops
Golden Sibanda Senior Business ReporterZimbabwe’s trade deficit narrowed 37 percent in October last year to $144 million after total exports jumped 25 percent to $449 million largely driven by a 300...
View ArticleZim lines up 10 diamond auctions
Martin Kadzere Senior Business ReporterZimbabwe is looking at conducting 10 diamond auctions this year, as it seeks to generate more revenue from the gems, the country’s minerals marketing agency has...
View ArticleZim economy to grow 3,7%: WB
ZIMBABWE’S economy is seen growing 3,7% this year after recording growth of 3% in 2018, the World Bank has said. BY KUDA CHIDEME Harare has a rather ambitious projection of 5%, which is anchored on...
View ArticleCivil servants threaten govt shutdown
APEX Council, the umbrella body which represents public sector workers, says it will press ahead with plans to launch a full-blown strike, as negotiations between government and workers unions have...
View ArticleEntrepreneur opens backpackers lodge
A LOCAL entrepreneur has invested $55 000 into a backpackers lodge targeting both local and foreign tourists to help the travellers explore the country. By Staff Writer Backpackers entrepreneur...
View ArticleFuel Crisis – Prisoners Fail to Appear in Court – Trials and Bail...
Marondera — The prison service has failed to bring inmates to the courts for trial and bail applications over the past three days due to the country’s fuel crisis, it has emerged. Sources told...
View ArticleZetdc Warns of Rainy Season Power Outages
By Nesia Mhaka The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has warned customers to heed rolling power outages, mainly driven by perennial challenges that come with the rainy...
View ArticleExport Relief for Raw Hide Merchants
By Kudakwashe Mhundwa and Princess Ncube Government has granted an export tax relief to registered raw hide merchants, as it moves to reduce the amount of unbeneficiated leather raw materials that are...
View ArticleFord to cut jobs in turnaround plan
Car-maker Ford has announced plans for a major shake-up of its operations in the UK and mainland Europe. It is expected to lead to thousands of job losses across Europe, including the UK, although...
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