Oil prices rise
Oil prices rose yesterday back towards five-month highs hit the previous day, as OPEC production cuts and US sanctions on Iran and Venezuela continued to tighten supply, though economic worries...
View ArticleApplication for temporary importation privileges
Did you know that commercial goods may be temporarily imported free of duty? Section 124 of the Customs and Excise Act, Chapter 23:02, provides for temporary importation of goods without payment of...
View ArticleVeld Fire Awareness for Farmers
Veld fires have become one of the greatest environmental challenges of our time, causing intense damage to Zimbabwe’s natural flora and fauna, biodiversity, forests, animal habitats, crops and even...
View ArticleMore discounts to boost OK Grand Challenge
BY TATIRA ZWINOIRA The country’s largest retail chain OK Zimbabwe says the sector is under immense pressure because of currency volatility, but the company anticipates sales volumes to grow by between...
View ArticleEconet injects $250m in renewable energy
BY MISHMA CHAKANYUKA ECONET Zimbabwe says it has invested about $23 million in clean energy projects through its Distributed Power Africa (DPA) unit. The company has an ambitious plan to spend $250...
View ArticleZim to implement ‘use it or lose it’ mining policy
Staff Reporter/Reuters Zimbabwe is considering taking away mining rights from companies that are taking long to dig for minerals, Mines deputy minister, Polite Kambamura, said yesterday. Speaking to...
View ArticleBorrowing not a solution: Govt told
BY MTHANDAZO NYONI ZIMBABWE should come up with sustainable ways of generating income and move away from piece-meal interventions that will sink the country into deeper poverty, Poverty Reduction...
View ArticleChawira elected CZI Matabeleland president
BY MTHANDAZO NYONI SHEPCO Group chief executive officer, Shepherd Chawira has been elected president of the Confederation of Zimbabwe Industries (CZI) Matabeleland chapter and he says his first port...
View ArticleGovt to address pricing madness
Africa Moyo Senior Business Reporter GOVERNMENT is working on mechanisms for the National Competitiveness Commission (NCC) to work with industry on a framework for pricing of goods, standards and...
View ArticleTraffic dwindles at Forbes
Thupeyo Muleya and Enacy Mapakame The volume of commercial cargo and revenue collected at Forbes Border Post which links the country with Mozambique plummeted in the aftermath of Cyclone Idai that...
View ArticleTobacco sales gross $14 million
At least 8,1 million kilograms of tobacco worth about $14 million have been sold so far at auction and contract floors in the country since the marketing season opened last month, statistics from the...
View ArticleGold prices under pressure
The gold market remains under pressure after wholesale inflation pressures rose sharply last month. Yesterday, the US Labour Department said its Producer Price Index (PPI) rose 0,6 percent in March,...
View ArticleJet Kadoma re-opens
Blessings Chidakwa in Kadoma Hundreds of excited customers yesterday besieged Jet Kadoma Stores which re-opened its doors four months after an inferno razed shops in the city. There was stampede in...
View ArticleOil prices lower
Rising US crude stocks dragged oil lower yesterday but prices continued to find a floor as OPEC-led cuts and free-falling Venezuelan output tightened global supplies. International benchmark Brent...
View Article‘Exports, investor confidence to jumpstart forex inflows’
BY FIDELITY MHLANGA The Reserve Bank of Zimbabwe (RBZ) says the country’s forex situation will improve as the year progresses on the back of increased confidence and growing exports. RBZ deputy...
View ArticleCement shortage chokes construction industry
BY TATIRA ZWINOIRA ZIMBABWE’S construction industry contracted by 6,3% percentage points last year due to acute cement shortages and unsustainable prices of construction materials, a Treasury report...
View ArticleZimra workers allege victimisation
by BUSINESS REPORTER MEMBERS of the Zimbabwe Revenue Authority (Zimra) workers’ committee have resigned en-masse, citing victimisation by management and the board. In a letter gleaned by NewsDay, a...
View ArticleIMF to monitor Zim economic targets, policies
BY MISHMA CHAKANYUKA International Monetary Fund (IMF) staff and Zimbabwe have agreed on steps that will pave way for a Staff Monitored Programme (SMP). An SMP involves the IMF staff monitoring a...
View ArticleMassive Retrenchments Loom As Zim Economy Slows Down
Hundreds of formal jobs are on the line in the economy as various businesses grapple with the realities of hyperinflation and exchange rate-induced losses. The market has witnessed massive price hikes...
View ArticleZim Left With 30 Days Wheat Supply, Mealie Meal Price Set to Increase
Zimbabwe is left with a month’s supply of wheat, Grain Millers Association of Zimbabwe (GMAZ) president, Tafadzwa Musarara has revealed. Musarara told journalists soon after the GMAZ northern region...
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