HARARE – Zimplats, which is majority controlled by Impala Platinum, has said it has agreed to cede a contentious piece of land that it has for years suffered to retain, after government had sought to take it over. This comes after President Robert Mugabe’s government made a fresh bid in January to compulsorily acquire 27…
HARARE – Multi-national food and drink company, Nestle Zimbabwe, has embarked on a retrenchment exercise, as part of the company’s “business optimisation activities”. The exercise, which was voluntary, saw more than 20 workers exiting the company, which employs more than a 100. “Despite our initiatives, and largely due to technological and systems upgrades, we carried…
HARARE – Consumer Price Index (CPI) inflation remained unchanged in August after showing an upward trajectory for six consecutive months between November 2016 and May 2017. Zimbabwe recorded price inflation of 0,14 percent year-on-year (y-o-y) in August. The food and non-alcoholic beverages sub-index (weight: 33,5 percent) increased by 1,8 percent y-o-y in August, more or…
HARARE – Listed miner RioZim says the growth of its revenues by 16 percent to $37,8 million in the six months to June 2017 was as a result of the acquisition of Dalny Mine. The group recently snapped up Dalny Mine from Falcon Gold for $8 million, with the resources firm paying $250 000 for…
HARARE – Zimbabwe’s former Finance minister Tendai Biti will today speak at the launch of a book titled ‘Making Africa Work’. The book was co-authored by former Nigerian president chief Olusegun Obasanjo, Greg Mills who heads the Brenthurst Foundation in Johannesburg, Jeffrey Herbst an American political scientist and current president of the Newseum in Washington,…
HARARE – Despite the dwindling formal sector that has traditionally been the anchor of the country’s economy, government, through the ministry on Health and Child Care, is determined to soon introduce a National Health Insurance Scheme (NHIS). Stakeholders have, however, warned that introducing the scheme at a time when the economy is highly-informalised would be…
HARARE – Zimbabwean-born businessman Herbert Ganje says aspiring entrepreneurs must go for their dreams despite the various economic challenges. “My advice to emerging young business people is to venture into something that they are passionate about. Because days will come when money will not come through, zero income, but the love you have for the…
HARARE – The Reserve Bank of Zimbabwe (RBZ) has started the process to establish a collateral registry that enables people to come forward with movable property such as cattle, vehicles and house property as collateral, a senior official has said. Collateral registry is primarily a database of movable assets taken by lending institutions as security….
HARARE – The ElevateClub, a youth empowerment initiative supported by the Econet Group, has officially launched the Elevate Virtual Agent Programme (Evap), which is set to deliver thousands of jobs for young Zimbabweans, officials disclosed at a launch yesterday. The initiative will create the opportunity for its members to earn up to $600 per month….
HARARE – The Zimbabwe Revenue Authority (Zimra) surpassed its August revenue target of $267,6 million after collections for the month amounted to $307,9 million due to a surge in company tax, data from the agency shows. In its report for the month under review, Zimra said gross collections for the period amounted to $338,2 million….
