adminMining stocks rally on Hwange gains
Bright Madera Senior Business Reporter
MINING stocks rallied 23,89 percent yesterday on gains in Hwange, driving the resource index to 100,70 points.
Acting President meets S.Sudan minister
Herald Reporter
ACTING President Joice Mujuru yesterday met South Sudanese Information Minister Dr Barnaba Marial Benjamin who had come to deliver a special message to President Mugabe.
Strike looms at Stanchart
Golden Sibanda Senior Business Reporter
STANDARD Chartered Bank Zimbabwe is embroiled in a bitter wrangle with the workers’ union for paying non-managerial employs “low” salaries.
Apex council leaders meet
Takunda Maodza Senior Reporter
The Apex Council leaders meet today to map the way forward after an end of the month ultimatum they issued Government expired with no action on the part of the employer.
Economic growth prospects bright
Business Reporters
THE economy is highly likely to register its fourth successive growth next year, albeit at a slower pace than projected on concerns around elections, low harvests and various policy issues.
Zim suffers from decimated middle income
Business Reporter
ONE of the most understated, but significant, consequences of the decade of economic debility that Zimbabwe underwent was the decimation of its middle class.
Zanu-PF DCC elections set for next month
Tendai Mugabe Senior Reporter
ZANU-PF will next month hold its District Co-ordinating Committee ele-ctions as the party intensifies preparations for general elections expected next year.
Tourism advisory council formed
Business Reporter
THE Government has formed the National Tourism and Heritage Advisory Council to advise on the ideological direction of the increasingly important development and growth of the tourism sector.
Permanent Secretary in the Ministry of Tourism and Hospitality Industry Dr Sylvester Maunganidze said the council would also advise the Minister of Tourism and Hospitality Industry on the nexus between tourism and the critical area of the National Heritage of Zimbabwe.
Zambia tries to hijack Warriors’ friendly
Sports Correspondent
THE Botswana Football Association (BFA) last week snubbed Football Association of Zambia president Kalusha Bwalya’s proposal for an international friendly match, opting instead to stick to the Warriors next weekend.
The Zebras play host to Zimbabwe at the UB Stadium in Gaborone as part of their preparations for next month’s Africa Cup of Nations (Afcon) finals in Equatorial Guinea/Gabon.
Transport operators risk losing licences
By Pamela Shumba
TRANSPORT operators who take advantage of increased demand for transport during public holidays to hike fares risk losing their licences, Secretary for Transport, Communications and Infrastructural Development, Mr Patson Mbiriri said yesterday.
Mr Mbiriri’s warning follows reports that some transport operators more than doubled fares during the run up to the just-ended Christmas holidays taking advantage of the high demand for transport.
Buses and kombis were charging more than $10 for a trip from Bulawyo to Gweru which is supposed to be $5 or less and for a trip from Bulawayo to Harare which normally costs $12, operators were demanding as much as $20 or more. The same scenario prevailed on most routes where demand for transport was high.
Mr Mbiriri advised travellers to report to the police or his ministry operators that hiked fares during public holidays.
“Just before the holidays we advised the travelling public to report operators that took advantage of high demand to increase fares to either the police or my ministry.
“We also warned operators that they risked losing their licences if they fleeced travellers through hiking fares,” said Mr Mbiriri.
He said in a bid to protect the people using public transport, his ministry once mooted the idea of gazetting fares but the Attorney General’s Office had reservations on the move.
Mr Mbiriri said if the transport operators continue to defy the Government directive not to increase fares especially during public holidays, his ministry will be left with no option but to control the fares through a Statutory Instrument.