HARARE – A front page newspaper photograph with the headline: “Hundreds queue outside banks for hours to make withdrawals,” sent chills down our spines. Whether we liked it or not it was impossible to stop the automatic flashback to five years ago. The independent media reported that banks couldn’t meet the withdrawal requirements of depositors….
HARARE – A fresh thrust on indigenisation by government needs an equally focussed push that ensures the policy accruals trickle down to the majority of the people. The indigenisation policy enacted three years ago compels foreign-owned firms to surrender majority stakes to local people. But in pursuing indigenisation, officials have tended to allow their broader…
EDITOR – Chitungwiza Residents Trust (Chitrest) reiterates its position on the proposed demolitions of houses by government. While we welcome the J.B. Matiza-chaired investigation team for Chitungwiza and Seke Rural District Council, we hope the team will allow adequate consultation of residents and other stakeholders as well as debate around the issue before coming up…
EDITOR — This is an open letter to the minister of Higher and Tertiary Education, Science and Technology Development, Olivia Muchena on the anguish parents of students on the cadetship programme undergo at Midlands State University (MSU) especially as we go to the 2013 graduation to be held on Friday. In the MSU advertisement notifying…
EDITOR ? Coalition Against Corruption (Cac) the leading anti corruption organisation in Zimbabwe applauds calls by the government to repossess assets from legislators suspected of abusing Constituency Development Funds (CDFs). Such a move is long overdue and welcomed by Cac since this sends a strong message to would- be abusers in the new august House….
EDITOR ? The local Women’s University in Africa has advised lecturers not to mark examination scripts for students who have not paid up their end-of-year semester fees. Lecturers tried and negotiated for the marking and then withholding students’ results but this was declined. We do not know what the responsible ministry says about students failing…
HARARE – Meikles Limited (Meikles) intends to make forays into the lower end of the market as part of strategies to boost revenue and unlock shareholder value. The Zimbabwe Stock Exchange-listed group, whose departmental stores — Barbours, Greatermans and Meikles — targeted the affluent, plans to establish a mass market unit Meikles Mega Market that…
HARARE – Zimbabwe is spending approximately $6 million per month on South African milk imports, says local market player Dendairy. Daryl Archibald, the company’s director, said dairy producers were engaged with government to ensure that a level playing field is created between foreign and locally-produced milk. “Zimbabwe is currently importing five million litres of boxed…
HARARE – Zimbabwe’s economic growth will be determined by continued inflows of the United States dollar into the country, Imara Asset Management Zimbabwe (Imara) has said. Peter Bailey, Imara’s chairperson, said sustained inflows of the greenbacks will drive money supply and in turn business activity. In 2009, Zimbabwe abandoned its money and adopted a multi-currency…
HARARE – Italian Ambassador to Zimbabwe Stefano Moscatelli’s (SM) four-year term in the country ends this month. His service has been characterised by the active promotion of cooperation and understanding between Zimbabwe and Italy through initiatives in the business, cultural and health sectors. The Daily News (DN) met the outgoing ambassador for a wide ranging…
