Monday, March 2, 2015
Just in

Business

Distressed companies repay DIMAF loans

Distressed companies repay DIMAF loans

Deputy Minister of Industry and Commerce Chiratidzo Mabuwa has said companies that had been placed under judicial management have been at the forefront in paying back loans attained from the Distressed and Marginalised Areas Fund (DIMAF). “What we as the industry ministry have realised from ... Read More »

Use Bond Coins, Business urged

Use Bond Coins, Business urged

THE Reserve Bank of Zimbabwe (RBZ) governor,  Dr John Mangudya has urged commuter omnibus operators among other companies in Bulawayo to adjust their prices in response to the introduction of bond coins. Speaking during breakfast discussions hosted by Zimbabwe National Chamber of Commerce in Bulawayo ... Read More »

ZITF 2015, 75pc space taken up by exhibitors

ZITF 2015, 75pc space taken up by exhibitors

The Zimbabwe International Trade Fair (ZITF) Company says preparations for the 56th trade showcase are in full swing with pre-exhibition seminars on the cards to assist the exhibitors. In a statement, ZITF Company general manager Nomathemba Ndlovu said the pre-exhibition seminars will be held in ... Read More »

‘E-cigarettes threat to local tobacco industry’

‘E-cigarettes threat to local tobacco industry’

The new tobacco free electronic cigarettes that were recently launched in the country will pose a threat to the future of the local tobacco industry, an expert has noted. Electronic cigarettes are cigarette shaped devices containing a nicotine-based liquid that is vaporised and inhaled, used ... Read More »

ZCTU raps Chinamasa, Mangudya over salaries

ZCTU raps Chinamasa, Mangudya over salaries

The Zimbabwe Congress of trade Unions (ZCTU) has reacted angrily at Finance Minister Patrick Chinamasa’s and Reserve Bank of Zimbabwe governor John Mangudya’s recent statements concerning salary increment of government employees, labelling them as “offside” and aimed at intimidating civil servants. Last week Finance Minister Patrick Chinamasa ... Read More »

New home seekers financing firm opens in Byo

New home seekers financing firm opens in Byo

A new micro-finance institution focusing on construction services has been unveiled in Bulawayo with the objective of financing housing demands and aims at increasing property owners in the city. In an interview, Construction Financial Services (CFS) Managing Director Aaron Radman said the Bulawayo based micro-finance establishment ... Read More »

RBZ boss to address Byo on bond coins

RBZ boss to address Byo on bond coins

THE Reserve Bank of Zimbabwe (RBZ) governor,  Dr John Mangudya, will be making his first formal appearance in Bulawayo, after he accepted an invite from the Zimbabwe National Chamber of Commerce (ZNCC) to address the business community on the use of bond coins. The central ... Read More »

Zim-Bots strike coal exportation deal

Zim-Bots strike coal exportation deal

BOTSWANA has enlisted the assistance of Zimbabwe to export its vast coal reserves to regional markets, a move that is will strengthen the two Southern African countries’ economic ties. Botswana, which is north east to Zimbabwe is landlocked and has decided to rely on Zimbabwe’s rail ... Read More »

High taxes hurting business in Zim:Analyst

High taxes hurting business in Zim:Analyst

Poor policies, regulations and astronomical tariffs have exacerbated deindustrialisation in the country particularly in Bulawayo, a policy and economic analyst has said. Butler Tambo said there is need to remove taxes and other unnecessary hurdles if business is to improve in the country. “For instance manufacturing ... Read More »

Most workers to miss out on annual bonus

Most workers to miss out on annual bonus

EVEN though the 2015 National Budget maintained the tax threshold for bonuses at $1 000, it is unlikely every worker will receive their 13th cheque as most businesses are struggling to stay afloat, as the economy continues to perform badly. Since 2011 to date, recent ... Read More »