HARARE – President Robert Mugabe was sworn in yesterday at a lavish ceremony at the National Sports Stadium but the real work begins now with the 89-year-old leader under pressure to revive an economy ravished by years of mismanagement. Mugabe yesterday promised to improve the lives of the people — 80 percent of which are…
HARARE – The recent move by the Postal and Telecommunication Regulatory Authority (Potraz) to bar Econet Wireless Zimbabwe (Econet) from running its discounted airtime promotion is not only competitively unfair but a huge let down to mobile subscribers. Econet had launched a campaign slashing call costs by 60 percent — the deepest cut ever introduced…
EDITOR — Since both the Zimbabwe Congress of Trade Unions (ZCTU) and Zimbabwe Federation of Trade Unions (ZFTU) have proved to be extensions of the two main political parties in the country, there is need for progressive trade unions to think seriously about forming another labour centre, which is truly independent, apolitical and pro-workers since…
EDITOR — I urge the incoming government to institute stricter measures against fathers who default on paying maintenance for their offspring. It is a sad sight at the civil courts everyday as women fight to get money to look after their children from their fathers. Some fathers are not taking their responsibilities and it is…
HARARE – Rainbow Tourism Group (RTG) has suspended its retrenchment exercise after coming out of the woods, posting a $105 000 profit after tax in the half year to June 2013 from a $3,2 million loss incurred in prior comparable period. The listed hotelier last year lay off 20 percent of its 1 200 workers…
HARARE – Diversified financial services group FBC Holdings Limited (FBCH) says it is negotiating multi-million dollar offshore credit lines to help ease the prevailing liquidity challenges. John Mushayavanhu, FBCH’s chief executive, yesterday said the group’s new Mauritian-based shareholder ShoreCap II Limited (ShoreCap) was facilitating the transactions. “We have been talking to potential clients who are…
HARARE – Has Sadc, by endorsing the recent national elections and appointing Zimbabwe as vice chair to the regional grouping, washed its hands off the country’s protracted political impasse or is it a resigned move for the people to decide their fate? Indications are that the two main protagonists — President Robert Mugabe and former…
HARARE – Zimbabwe’s equities market on Wednesday ended its losing streak after the key industrial index gained 0,21 percent to close at 183,14 points ahead of President Robert Mugabe’s inauguration. The bourse had traded in the red for two consecutive weeks following Mugabe’s victory in the July 31 poll. The mining index was unchanged at…
JOHANNESBURG – Impala Platinum (Implats), an 87 percent-shareholder in Zimbabwe Platinum Mines Limited (Zimplats), may pass on the final dividend when it announces its year-end results, scheduled for August 29 ? a development that would restrict returns to shareholders at a very modest 35c/share versus the R1,95/share payout in the previous financial year. Already, it’s…
HARARE – Listed asbestos manufacturer Turnall Holdings Limited (Turnall) says its sales were sluggish in the half year to June 2013 due to uncertainty created by the July 31 elections. The group’s managing director John Jere said total sales volumes went up by a marginal 7,8 percent to 33 071 tonnes during the period under…
