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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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‘New tax regime to prop up local markets’

THE proposed changes to the tax regime highlighted in the 2015 National Budget are a welcome development as government is trying to prop up local markets and encourage investments, an analyst has said. Commenting on changes introduced by Minister of Finance and Economic Development, Patrick ...

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Mutare demands share of diamond proceeds

Makoni South legislator Mandi Chimene has bemoaned deplorable roads in Mutare despite mega diamond mining activities in the Manicaland province. Debating in Parliament Tuesday, Chimene said the roads were in a sorry state, as the province was not getting a dime from the diamond mining ...

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Consumer Protection Law long overdue

“Take care of the pennies and the pounds will take care of themselves,” says the hopeful English adage. This wise saying means if you take care of little things one at a time, they can add up to big things. In Zimbabwe it seems it ...

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Banks are abusing customers:CCZ

The Consumer Council of Zimbabwe (CCZ) has pin pointed banks as chief culprits in terms of consumer rights violations, as the country drives towards the alignment of consumer protection laws under the new constitution. Addressing members of the public during a consultation meeting on Consumer ...

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Marvo workers go for 22 months without pay

MARVO Stationery Manufacturers employees in Bulawayo have gone for 22 months without pay and have said it would be a gloomy Christmas for them if the situation continues unabated. The employees are accusing Marvo management for devising tricks to frustrate the workers’ efforts to recover ...

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