adminSeed Co promotes education
Business Reporter
SEED CO yesterday committed more funds to a number of schools under its “Promoting Education” initiative that is now in its seventh year. The company pays school fees and looks after the material welfare of a number of primary and secondary school
Fuel importers turn to Feruka pipeline
The use of the Feruka oil pipeline has improved significantly over the past year as more fuel importers have come on board, a Cabinet minister said on Monday. Fuel importers had been shunning the pipeline opting instead for road transport due to various challenges that had been associated with using the conduit. This prompted the Government to introduce a US$0,04 per
2012 tobacco selling season opens today
Agriculture Reporters
THE 2012 tobacco marketing season opens today with 150 million kg of the golden leaf expected to go under the hammer.
Firmer prices are expected following floods that destroyed the crop in the United States and Brazil, major world producers of flue-cured tobacco.
Agriculture, Mechanisation and Irrigation Development Minister Joseph Made is expected to officially open the season at Boka Tobacco Auction Floors today.
A survey by The Herald yesterday showed that Millennium Tobacco Floors, Boka Tobacco Floors, Tobacco Sales Floor and Premier Tobacco Auction Floors were ready for the opening day.
Companies struggle to find buyers
Bright Madera Corporate News
A number of corporate deals have been put on the table, two months into the new year, an indication that a number of exciting transactions would be concluded during the year. Companies have been forced to scout for strategic partnerships
Zimra operating on thin budget, says Pasi
Limited funding and lack of support from central Government is hampering plans by the Zimbabwe Revenue Authority to spruce up border posts and improve operations, Zimra Commissioner-General Gershem Pasi said on Monday. Presenting oral evidence before the Parliamentary Portfolio Committee on Budget and Finance, Mr Pasi said the authority was operating on a thin
Prime Minister scoffs at civil servants’ pay rise demands
Felex Share Herald Reporter
PRIME Minister Morgan Tsvangirai has told civil servants that expecting a salary adjustment soon is “daydreaming”.
Civil servants unions said they were left with no option, but to approach President Mugabe.
The Apex Council, which met the premier at his Strathaven home said Mr Tsvangirai had left them in the “cold and confused”.
The unions described yesterday’s meeting as a discussion “of promises and more engagements” without anything concrete.
The workers had to approach President Mugabe last year after exhausting all negotiating channels.
The workers subsequently got a salary increase after meeting
Second-hand computer gadgets benefiting low-income earners
The advent of second-hand computer gadgets is benefiting low-income earners in Zimbabwe, who cannot afford brand new ones, the Computer Society of Zimbabwe said on Monday. Most second-hand computer gadgets are imported from neighbouring South Africa and Botswana. Common computer gadgets found on the market include cellphones, laptops, iPads,
Meikles in bid to reduce debt
Golden Sibanda Senior Business Reporter
MEIKLES Limited is exploring options to reduce its US$62 million debt to manageable levels in an effort to enhance profitability. The decision comes as the company tries to overturn a US$7 million loss recorded in the half-year to
Honeymoon over for cotton farmers
Business Reporter
COTTON farmers, who enjoyed attractive producer prices last season, should brace for a massive drop in producer prices this season, owing to the falling price of lint on the international market. Industry sources yesterday lamented the tumbling lint
ZSE firms face delisting
Martin Kadzere Senior Business Reporter
THE Zimbabwe Stock Exchange is contemplating fixing the minimum capital for listed companies at US$1 million, which could see five firms being delisted. The listing committee discussed the matter on Monday and proposed that minimum value for listed