Business News

3 days ago | July 19, 2019

Old Mutual to construct industrial park, private hospital

HARARE – Old Mutual Life Assurance Zimbabwe limited is mulling construction of a multi-million dollar industrial park ...

Pensioners get cushioning allowance

HARARE - Pensioners will this month receive a cushioning allowance as inflationary pressures continue to impact ...

Govt to slash PAYE, VAT

Government has said it is considering lowering the income tax structure to stimulate demand for goods and services by ...

Paynet, banks impasse slows billions

AN irretrievably broken down relationship between banks and Paynet Zimbabwe, which until June this year was Zimbabwe’s ...

Exporters sweat over SI 157 of 2018

Exports of horticultural products are under threat as the exporters sweat over the implementation of SI 157 of 2018 that ...

SAA has US$85m stuck in Zim

South African Airways has approximately US$85 million locked in Zimbabwe that it cannot currently access due to the ...

‘Real estate sector risks losing new capital’

Property firm, Cardinal Corporation, says the country’s real estate is now uncompetitive and risks losing out on new ...

IDBZ US$1bn deal in limbo

The proposed US$1 billion infrastructure fund deal between the Infrastructure Bank of Zimbabwe and US-based Hondius ...

Cyclone-hit businesses seek duty rebate

Cyclone Idai affected businesses in Manicaland Province are appealing to Government for duty rebate on fuel imports as ...

Largest oil producer on brink of closure

One of Zimbabwe’s largest cooking oil manufacturers, Surface Wilmar, says it is on the brink of closure after going for ...

Did you know? star africa: Beyond the sweet taste

History of the sugar refinery company starafrica corporation can best be told hand-in-glove with the history of sugar ...

Econet poised for further earnings growth

Telecoms giant, Econet Wireless Zimbabwe, is poised for further earnings growth in the financial year 2020 driven by ...

NetOne positive on TelOne merger

Despite its loss-making position, fixed telecommunications firm TelOne will not weigh down on mobile telecommunications ...

Avocado exports top EUR5,7m

Zimbabwe’s exports of avocados to the European Union (EU) has been on the increase, with 2018 figures showing that the ...

Rebuilding middle class key growth strategy

Recently, Government announced plans to increase the salaries and wages for public service employees. This is an ...

Cindy: Classy, fabulous diva

On the evening of the annual NAMA 2019 awards ceremony, award winning musician and fashion star Cindy Munyavi  wore an ...

Currency intervention: How would US do it, would it work?

The US dollar is near a multi-decade high, on a trade-weighted basis and President Donald Trump is not happy about it. ...

A currency backed by nothing

On February 25, 1862, United States President Abraham Lincoln signed the Legal Tender Act, a brainchild of Elbridge ...

4IR, Africa: Promise or peril?

The fourth industrial revolution (4IR) is unfolding on the continent, bringing with it African solutions for African ...

Storm clouds prompt louder pleas for fiscal aid

Global finance ministers are facing intensified nagging to loosen purse strings and aid the world economy at a time when ...