adminImport duty review yields mixed results
Tawanda Musarurwa and Fortunate Jaravaza Business Correspondents
Government’s move to reinstate duty on some basic commodities has had mixed consequences on the local market.
Generally
AAG hails Govt over Zisco deal
By Fortunate Jaravaza
THE Affirmative Action Group has applauded Government for initiating the resuscitation of the steel giant Zisco, now New
DEAT to organise investment roundtable in Hong Kong
Bright Madera Senior Business Reporter
ZIMBABWE advisory company DEAT Capital has been invited to organise the Africa Finance & Investment Roundtable at
Mwana Africa continues nursing BNC
Business Reporter
MWANA Africa PLC says it will keep nursing its inactive local subsidiary Bindura Nickel Corporation to maintain integrity of
Steelnet seeks to raise US$4 million
By Golden Sibanda
ZIMBABWE Stock Exchange-listed Steelnet Zimbabwe Limited will early next month table a proposal to shareholders to float
Kingdom Financial Holdings posts US$2,3m profit
Business Reporter
KINGDOM Financial Holdings Limited (KFHL) defied a tough competitive period to report an increase in profit after tax for
Brazil backs Zim’s bid to host tourism event
From Martin Kadzere in Brasilia, Brazil
BRAZIL will lobby support for Zimbabwe and Zambia’s bid to co-host the United Nations World Tourism Organisation General
UK social networks boomerang
Herald Reporters
BRITAIN’S double standards have been exposed through ongoing moves to block social media in the aftermath of riots that rocked the country despite having encouraged the use of the same tools in destabilising Africa.
The West, led by Britain, encourages the use of social media networks in the so-called democratic processes and have been attacking countries such as Zimbabwe on unfounded allegations of suppressing media freedom.
British Prime Minister David Cameron told Parliament on Thursday that his government was working with police, the intelligence services and companies to look at “whether it would be right to stop people communicating via these websites and services when we know they are plotting violence, disorder and criminality.”
Rentals shoot up
By Peter Matambanadzo and Wenceslaus Murape
RENTALS are shooting up in Harare as some landlords cash in on the acute shortage of accommodation in the city. But tenants have dismissed the increases as unjustified, saying they are not driven by economic fundamentals.
Generally, prices of most basic goods and services have remained stable since the adoption of multiple currencies in February 2009 and tenants wonder what is pushing rentals up.
In a survey recently, The Herald established that most tenants had no option but to pay the rents demanded as they risk being thrown out.
It appears there is no proper rent calculation method and estate agents contracted to manage properties on behalf of owners are reportedly
Liberation movements forge closer Sadc links
SOUTHERN Africa’s former liberation movements have resolved to meet on the sidelines of annual Sadc summits, a development that will see the parties return to the centre of activities of the bloc they created.
Since they started meeting in Tanzania in 2010, their meetings have been held a week before the Sadc summit and now the region’s two most important dates on the political calendar could merge as of 2012.
This was resolved at the second summit of leaders of MPLA (Angola), ANC (South Africa), Chama Cha Mapinduzi (Tanzania), Frelimo (Mozambique), Swapo (Namibia) and Zanu-PF (Zimbabwe) in Windhoek on Thursday.