adminExchange rate, erratic rains likely to spur inflation
Tawanda Musarurwa Business Reporter
ZIMBABWE’S annual inflation for 2011 closed at 4,9 percent, 0,4 percent higher than initial Government projections of 4,5 percent, but remained in line with the broad target of below 5 percent by the end of this year. Inflation denotes the rate or magnitude by which prices increase over a given period, either measured over a one-year period or on a monthly basis. To
Tele-density up 7,2pc
Tawanda Musarurwa Business Reporter
ZIMBABWE’S tele-density rose by 7,2 percent last year in a development that should boost the local telecommunications sector.
The tele-density rate now stands at 74,7 percent from the 67,5 percent that was recorded at the close of 2010, figures from the
Econet, TelOne face legal action
Business Reporter
THE National Employment Council for the Communications and Allied Services Industry has threatened legal action against Econet Wireless, TelOne and Zimpost if they fail to register with the NEC in terms of the law. This follows the recent gazetting
Bad debts could reduce bank profits
Bright Madera Senior Business Reporter
THE majority of banks in Zimbabwe are likely to report reduced profits to the year to December 2011, as it has emerged that some banks were sitting on huge bad debts. Companies will start publishing financial statements next month and figures are
‘High theatre charges keep us away’
Stephen Chifunyise Theatre Corridors
I received several interesting comments from last week’s article. Below is one of them that I got from Terence Tendai Masiya of Harare who wrote: “I would like to comment on the low attendance at Theatre in the Park. As I see it, the major cause is
Remembering the great Pio Macheka
Fred Zindi Music
In his book entitled “The Fall”, Albert Camus (1956) stated that “men are never convinced of your reasons, of your sincerity, or of the seriousness of your sufferings, except by your death”. I agree. We have lost many friends whom we took for granted
Music lovers in for a treat
Richmore Tera Arts Correspondent
A MIXED bag is on offer when grandmaster Oliver Mtukudzi, dendera exponent Sulumane Chimbetu, gospel sensation Fungisai Zvakavapano-Mashavave and Munya Mataruse clash in a gig dubbed “The First Gig of the Year” to be held at the City Sports
Peter Moyo out to prove a point
Entertainment Reporter
MAN of the moment Peter “Dhewa” Moyo – who is continuing with his father’s legacy – will start his 2012 itinerary with a maiden performance at City Sports Bar in Harare tonight. Ironically, Peter’s gig reminds many of his late father Tongai Moyo’s abortive
Decade of US torture, repression
Bill Van Auken
This week marks 10 years since the first prisoners in Washington’s “global war on terror” arrived at the Guantánamo Bay Naval Base in Cuba, drugged, hooded and shackled. A decade has passed, and the infamous prison camp remains open, its
Africa’s chance to shine
Moses Hategeka
Africa is a home to the fastest growing economies in the world. Between 2001-2010, out of the top 10 fastest growing economies worldwide, six were from Africa. This is mainly attributed to the phenomenal rise of China, India and Brazil.