adminZim firms for Mauritius trade fair
THE Trade Promotion Board Enterprise of Mauritius has invited Zimbabwean companies to participate at an expo to be held in that country in July this year. The board said it would celebrate 40 years of industrialisation through the trade fair, to run from July 5 to 8. “Zimbabwean companies are invited to participate at this fair,” it said. “Companies in the textile and accessories,
Zesa tariff model blamed for electricity woes
Tawanda Musarurwa Business ReporterZESA Holdings may need to reconsider its tariff model to strengthen its internal capacities for the rehabilitation of its infrastructure. University of Zimbabwe economics lecturer Dr Takawira Mumvuma contends that the power authority’s current
Zim to be networked globally: Chamisa
ZIMBABWE will be internationally networked, with about 1 340km of cables carrying huge amounts of mobile phone, television, Internet and other telecommunication signals, Minister of Information and Communication Technology Nelson Chamisa exclusively told CAJ News. In an interview with CAJ News yesterday, Minister Chamisa said the cable link forms the nerve centreBanks urged to support youth empowerment
Banks have been challenged to set aside at least a quarter of their capital to fund youth empowerment projects. The call comes against the background of the failure by youths to access loans as banks required collateral which most cannot meet.Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere implored banks to offer loan facilities to
How derivatives can help revive agriculture
By Portia MawireDERIVATIVES are financial instruments (contracts) that do not represent ownership rights in any asset but, rather, derive their value from the value of some other underlying commodity or other asset. When used prudently, derivatives are
Telecel launches Teletunes
TELECEL has introduced a new value added service for mobile subscribers that will enable them to replace the normal ringing tone that callers hear when they phone them with a song or musical ringing tone. Subscribers will be able to purchase a single musical ring tone or several, which they can allocate to particular callers. Telecel is the first Zimbabwean network to launch thisZECO Holdings feels the pinch
Business ReporterZECO Holdings made a loss of US$1,9 million for the financial period ended December 2011 due to depreciation and low revenue flows. The Zimbabwe Stock Exchange-listed engineering company was affected by a slow recovery in mining,
Zimplats posts US$52m profit
Business Reporter
ZIMBABWE Platinum Holdings posted a profit of US$52 million for the quarter ended March 31. According to the platinum producer, the rise in operating profit was in line with higher revenue during the period, which rose to US$128 million up 32
High operating costs weigh down Tractive Power
Business Reporter
TRACTIVE Power, a retailer of cars and earthmoving machines, reported half-year profits to February this year fell 55 percent to US$908 134 compared with the same period last year on high operating costs. Revenues were up 16 percent to US$21,9
Give due attention to corporate ethics
Bradwell Mhonderwa Business Ethics
ORGANISATIONAL change is a powerful phenomenon in the growth of any business entity. It is a strategic tool that significantly increases the survival of the firm and its competitiveness on the market place. In an effort to dust off the