GPA principals meet

Sydney Kawadza Assistant News Editor
PRINCIPALS to the Global Political Agreement met yesterday and reaffirmed the need

Airzim needs urgent attention: Mzembi

Golden Sibanda Senior Business Reporter
TOURISM and Hospitality Industry Minister Walter Mzembi says Government should sort out the financial mess in Air Zimbabwe ahead of the United Nations World Organisation General Assembly to be held in Victoria Falls next year. Minister Mzembi was

Govt to broaden capital markets

Tawanda Musarurwa Business Reporter
GOVERNMENT is mulling the establishment of a Financial Times Stock Exchange with a view to reinvigorate activity in capital markets. An FTSE is an independent company, which originated as a joint venture between The Financial Times

Steelnet goes into final judicial management

Martin Kadzere Senior Business Reporter
STEELNET shareholders and creditors have voted for the company to go into final judicial management to allow a reconstruction plan to be implemented, judicial manager Chris Maswi has said. “The reconstruction plan entails raising

The leaf couldn’t be more golden!

Victoria Ruzvidzo Business Focus
Reports that Zimbabwe’s tobacco could be in higher demand internationally bring good news to consolidate the growth that the sector has begun to enjoy in the last few years. That production in Brazil and USA is subdued due to floods this year

Time for action — Zim on the move

IN 1969, Seers signalled the shift away from the goal of growth by asking the following questions about a country’s development: What has been happening to poverty? What has been happening to unemployment? What has been happening to inequality? If all three of these have become less severe, then beyond doubt this has been a period of

Market segmentation in real estate

Vengai Madzima Property guide
MARKET segmentation is a widely recognised economic and marketing principle. It is defined as a sub-set of a market, which consists of people or organisations with characteristics that cause them to demand similar products and services.

Volatile commodity prices hit BHP

SYDNEY. – Global mining giant BHP Billiton yesterday posted a 5,5 percent fall in first-half profits to US$9,94 billion, largely due to volatility in commodity prices which it expects to persist. The interim result in the six months to December 31 was nevertheless one of the largest in Australian corporate history and compared to the record US$10,5 billion it booked in the

Greeks seek elusive bailout deal

ATHENS. – Greek parties yesterday were expected to try again to agree a reform deal in return for a new international rescue to avoid a chaotic default, after delays prompted some EU leaders to warn that the eurozone can live without Athens.
One deadline after another has come and gone. Leaders of the three parties in the coalition of Prime Minister Lucas

Fiscalisation explained

What is fiscalisation?
Fiscalisation refers to configuring of fiscal devices to enable them to record sales and tax information on the read-only fiscal memory at the time of sale for use by the tax authorities in VAT administration. It was introduced through Statutory

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