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Firms in Forex challenges: RBZ battles long foreign payment queues
RBZ Governor John Mangudya Prosper Ndlovu, Business Editor PROCUREMENT of imported raw materials and capital equipment has become a nightmare for most companies as the Reserve Bank of Zimbabwe (RBZ)...
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Retailers admit cash back facility abuse
Mr Denford Mutashu Kiyapili Sibanda, Business Reporter THE Confederation of Zimbabwe Retailers (CZR) has admitted that some of its members are hoarding cash and abusing the cashback facility. The...
View ArticleSOPHIE CHANDAUKA Zimbabwe lawyer
Sophie Chandauka (born 19 February 1978) is a Zimbabwe born Corporate Finance Lawyer and Chief Operations Officer of the Legal and Compliance Division of Morgan Stanley in EMEA. Prior to this, Sophie...
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Cash crisis hits Zim tobacco farmers
Scores of tobacco farmers spent the Easter and Independence holidays at the three tobacco auction floors in Harare, while waiting for their banks to release cash upon their reopening on Wednesday....
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CSC rescue mission triggers sleaze fears
By Shame Makoshori The Robin Vela-led National Social Security Authority (NSSA) board consolidated its investment strategy this month, with a plan to pour millions of dollars to revive operations at...
View ArticleRBZ closes the taps on bond notes
DESPITE ever-growing demand for cash, the Reserve Bank of Zimbabwe says it will not immediately issue new bond notes to add to the US$121 million in value already in circulation. At the beginning of...
View ArticleMystery of the stronger rand
THE South African rand is rallying in the midst of a grave political crisis, confounding many of the experts who expected a disaster after Pravin Gordhan’s axing. What is happening in Wonderland? After...
View ArticleTimeline of key events
2008 – Mwana Africa, which had significant nickel and gold assets, decides to mothball operations. However, as the economy improves, the business decides to raise funds to restart operations through a...
View ArticleUS$15m ‘siphoned’ from Freda Rebecca
More than US$15 million could have been siphoned from gold miner Freda Rebecca (formerly Mwana Africa) through a series of underhand dealings by its new owners, insiders have alleged. Freda Rebecca is...
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Hwange Local Board gets $6m for development
Dumisani Nsingo, Senior Business Reporter THE Hwange Local Board (HLB) has been allocated $6 million by the Infrastructure Development Bank of Zimbabwe to carry out infrastructural development at its...
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Mining disputes cost gold production
Dumisani Nsingo, Senior Reporter THE country is losing an estimated $5 million worth of gold per month due to mining disputes, an official said. Zimbabwe Miners Federation (ZMF) first vice-president...
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ZITF ready to roll
Preparations of stands for this year’s edition of the ZITF are on course with South Africa and other regional countries at an advanced stage Amanda Ncube, Business Reporter CAPTAINS of industry have...
View ArticleTownship tour for ZITF delegates
Dickson Mangena, Business Reporter AMAKHOSI Cultural Tours in partnership with the Ministry of Tourism and Hospitality Industry and Japan International Co-operation Agency (JICA) will be holding a...
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SA to bring best goods to ZITF
ZITF THE Department of Trade and Industry on Thursday said it will lead a business delegation of South African companies to the 2017 Zimbabwe International Trade Fair (ZITF). The six-day trade fair...
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More cattle to be exhibited at Bulawayo Agricultural Show
Dumisani Nsingo, Senior Farming Reporter THERE has been an increase in the number of cattle to be exhibited at this year’s Bulawayo Agricultural Show, which runs concurrently with the Zimbabwe...
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Zesa eyes $40m from ferrochrome producers
ZESA Holdings offices along Samora Machel Avenue Business Reporters POWER utility Zesa Holdings intends to raise as much as $40 million from ferrochrome producers as prepayment for electricity to...
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Learning from US infrastructure projects
The fundamental principle behind the success of public private partnerships (PPPs) has been the availability of a clear legal framework to guide the implementation of such projects. When laws that are...
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Here’s Why Zimbabwe Won’t Adopt the Rand
Photo: Nick Roux/Wikimedia South African rands – bank notes and coins. It doesn’t matter how much sense it makes to ordinary Zimbabweans: Zimbabwe will not formally adopt the rand, the central bank...
View ArticleCommand agriculture farmers deliver grain to GMB
Over 1 000 tonnes of maize from the 2016/17 agricultural season have been delivered to the Grain Marketing Board (GMB) since the beginning of the month, the State’s grain procurer has said. BY TARISAI...
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Tobacco exports up 14 percent
Volumes of tobacco which has been exported so far now stands at 42,5 million kg, a 14 percent rise from those exported in the corresponding period last year, statistics released by the Tobacco...
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