adminCambria moves to take over Celsys
Bright Madera Senior Business Reporter
CAMBRIA Africa is seeking to buy out minority shareholders in Celsys Limited and acquire the company’s listing on the Zimbabwe Stock Exchange. The AIM-listed company, which controls 60 percent of Celsys, has proposed a Scheme of Arrangement with minority shareholders to receive shares in Cambria in return for the
Delays stifle regional trade
Martin Kadzere Senior Business Reporter
DELAYS at border posts in Southern Africa are restricting the growth of intra-African trade, according to a report by the African Development Bank.
The delays involve long transit times and procedures in passing through two sets of identical controls on each side of the border.
Corporate governance law now overdue
Terrence Chimanya Business Ethics
STRUGGLING to get commitment, unsure of what your responsibilities are or always fighting fires, these are some of the issues that most corporates in Zimbabwe are grappling with. According to Marnet (2004), the agency view of corporate governance requires effective monitors and gatekeepers to align the interests of the
Bank locally, tourism operators urged
Operators in the tourism industry should deposit their proceeds in local banks to facilitate development and growth of the sector, Tourism and Hospitality Industry Minister Walter Mzembi has said. He told a Press conference last week that more than half of the revenue from the tourism sector was being banked offshore, a situation that was hampering expansion of the sector.
Imara conference attracts more investors
Business Reporter
MORE than 100 investors and fund managers are expected to attend this year’s Imara Investor Conference to be held in Harare later this month.
The conference is expected to be bigger than the previous ones and comes as foreign investors continue to show interest in corporate developments in the country
No more licences: Potraz
The Postal and Telecommunications Regulatory Authority of Zimbabwe says it will not open up to new players within the telecommunications sector despite many foreign investors showing interest.
Engineering the Zim financial market
Thomas MuserepwaAs we approach mid-year through 2012 here is a glimpse of the various possibilities that can be engineered for profitable investment in Zimbabwe.
Dollarisation of the economy since 2009 has seen the economy recover from a decade-long recession that had decimated its productive capacity and left its
Government loses iron ore claims appeal
BUREAUCRATIC bungling has cost the Government its appeal to gain control of iron ore claims at Mwenezi Ranch. The plan was to transfer the claims to Essar Africa Holdings to resume operations at the defunct Zisco, a senior Government official has said.
Global platinum surplus to persist: Report
A substantial increase in demand is required to offset the global platinum surplus, which stood at 735 000 ounces by the end of last year, precious metals consultancy Thomson Reuters GFMS has said. In its 2012 platinum and palladium survey, Thomson Reuters GFMS said global production is expected to continue outweighing demand.
Factories, Works Act ensures workers’ safety
MOST people spend about a third of the day at work, which means the working environment can have a major impact on their health.Governments find it necessary, therefore, to enact legislation regulating working environments in the interests of employers’ and employees’ safety and health.
In Zimbabwe there are various pieces of legislation that relate to occupational safety and health. One such law is the Factories and Works Act.