HARARE – National Railways of Zimbabwe (NRZ) has revised downwards its target move from 6,8 million metric tonnes of goods this year to 3,8 million tonnes owing to the current economic challenges, general manager Mike Karakadzai said. Addressing delegates at a consultative workshop, Karakadzai said challenges ranged from depressed performance of the economy, liquidity crunch…
HARARE – Telecel Zimbabwe has partnered the Zimbabwe Tourism Authority (ZTA) in a sponsorship deal worth over $30 000 ahead of the Sanganai/Hlanganani World Travel and Tourism Fair commencing on Thursday. Telecel’s chief executive Francis Mawindi said the agreement provides a business opportunity for both entities to showcase their products to both existing and potential…
HARARE – Agriculture experts have blamed the government’s snail pace in implementing the new agriculture policy as one of the major reasons of looming wheat shortages in the country. The country is facing a severe wheat deficiency after farmers abandoned the crop due to constant power cuts and lack of support from the government. Zimbabwe…
HARARE – Zimbabwe’s annual inflation rate has maintained its downward trend shedding 0,39 percentage points on the August 2012 rate of 3,63 percent to close the month of September at 3,24 percent. Economist Takunda Mugaga however, maintains the continued decline remains meaningless inlight of the economic challenges that continue to dog the country. “There is…
HWANGE – Government is set to revoke special mining grants from companies that are not utilising them, Mines minister, Obert Mpofu has said. Mpofu who was speaking at the Makomo Mining Company revealed his ministry would start withdrawing underused mining concessions given in Matabeleland. “President Robert Mugabe granted about 18 special grants for Matabeleland. Some…
HARARE – October is the month in which the nation honours and celebrates companies that have done well to raise the flag of occupational health and safety (OHS). Recently the National Social Security Authority (Nssa) recognised companies that performed well during the year in this area. Congratulations to those who were awarded prizes and…
HARARE – Zimbabwe’s ferrochrome production is facing an unprecedented meltdown following the continued fall in ferrochrome prices and weak international demand for the commodity. Economic experts are calling for urgent government intervention to save the sector following Zimbabwe Mining and Smelting Company’s (Zimasco) last week announcement that it is scaling down operations to 40 percent…
HARARE – Improved performances in mineral royalties stimulated the Zimbabwe Revenue Authority (Zimra) to surpass its $822,6 million third quarter target by 0,1 percent. Zimbabwe late last year hiked royalties for gold and platinum to seven percent from 4,5 percent and 10 percent from five percent respectively, starting January this year. In a trading update…
HARARE – People’s Own Savings Bank chief executive Admore Kandlela has been awarded the inaugural Most Customer Focused Executive (Public Sector Category) by the Contact Centre Association of Zimbabwe (CCAZ). The prestigious award was presented to Kandlela at the Zimbabwe Service Excellence Awards dinner recently at the Rainbow Towers Hotel. The Most Customer Focused Executive…
HARARE – The number of foreign exhibitors participating in the forthcoming Sanganai/Hlanganani World Travel and Tourism Africa Fair has increased to 85 from last year’s 24, a possible indication of rising tourists’ confidence in the country. Over 1 200 exhibitors have confirmed participation. The Fair brings aboard international tourism wholesalers, potential investors and tourists to…
