Business

PERSISTENT rains across the country have increased the demand for fertiliser and farmers have bemoaned recent price increases, saying they were now threatening growers’ viability. Speaking to the Daily News yesterday, Zimbabwe Farmers Union (ZFU) secretary general Paul Zakariya said more top dressing fertiliser was now needed by most farmers as the incessant rains pounding most parts…

ONE of the country’s leading financial institutions, Steward Bank, yesterday said it is embarking on “a retrenchment exercise to rationalise its staffing levels”. In a statement, the bank said: “Following the successful deployment of our new core banking, additional automation of our banking processes and the investments we continue to make in our digital transformation…

RESERVE Bank of Zimbabwe governor John Mangudya, economic consultant Tony Hawkins and Success Motivation International chairperson Nigel Chanakira will be the keynote speakers at a CEOs business breakfast to be held on Thursday at a Harare hotel by the CEO Roundtable. The CEO Roundtable is an association that provides a platform for chief executive officers,…

THE long-planned, multi-million-dollar refurbishment of Harare’s five-star Meikles Hotel is expected to commence in February, with only the approval of plans by the City of Harare still to be received to give the project the green light. Meikles Hotel general manager Tinashe Munjoma yesterday said the phased programme to carry out a major redevelopment of…

ONE of the country’s leading economists, John Robertson, has died. He was 85. Robertson died at his Harare home yesterday morning. “He had a stroke three weeks ago and was in quite a bad way,” a colleague and fellow economist Eddie Cross told the Daily News last night. Robertson is survived by two sons, both living outside…

THE Zimbabwe Tourism Authority (ZTA) has engaged the Standards Association of Zimbabwe seeking the International Organisation for Standardisation (ISO) certification as part of its mission to improve the quality of its services. According to ZTA acting chief executive officer Givemore Chidzidzi, the new strategy was critical in the implementation of the government’s five-year economic blue-print,…

EX-WENELA workers, who were exposed to harmful substances and ended up contracting Silicosis or Tuberculosis at South African gold mines, yesterday bemoaned the Covid-19 pandemic for delaying their terminal benefits. This comes after the High Court in Johannesburg approved the settlement in the Silicosis and Tuberculosis class action reached on July 26, 2019 and came…

THE High Court has dismissed, with costs, an application by a legal practitioner challenging the constitutionality of Statutory Instrument 127 of 2021 which prohibited businesses from charging above the official foreign currency exchange rate. Obey Shava, a human rights lawyer, sought to have SI 127/21 declared unconstitutional in its entirety and be set aside. In…

ZESA Holdings(Zesa) has embarked on a nationwide stakeholder engagement tour to discuss the electricity supply situation in the country in a bid to address power supply reliability challenges. This comes as the country has been experiencing power reliability challenges characterised by frequent faults, slow reaction to faults, power outages, long waiting periods for connection, huge…