adminLet’s produce, buy local
Robert Garai Muganda
Buy Zimbabwe
THIS week, the Buy Zimbabwe campaign came under fire from some quarters that accused it of being market focused only and encouraging consumers to buy local products that do not exist.
NSSA launches Wellness Day
Business ReporterThe National Social Security Authority last week introduced a two-day Wellness Day for its staff, during which employees were able to obtain professional advice on how to stay physically, mentally, emotionally and spiritually healthy.
Why local products cost more
Martin Kadzere
SEnior Business Reporter
MOST local products are more expensive compared with imports due to high operating cost structures that most local companies are operating under.
RMB has new identity
Golden Sibanda
Senior Business Reporter
RENAISSAINCE Merchant Bank has been renamed Capital Bank Corporation following a rebranding exercise meant to put the lid on its haunted past.
The Reserve Bank division chief (licensing, supervision and surveillance) Mr Norman Mataruka yesterday announced the approval of the new name.
Chinese firm to invest US$2m in chrome smelter
Bright MaderaSenior Business Reporter
CHINESE firm Afrochine Smelting is set to invest about US$2 million in the construction of two chrome smelters in Zimbabwe.
Airbus unveils US$6bn plane deals
FARNBOROUGH (United Kingdom). — Airbus unveiled orders worth a potential US$6,35 billion yesterday but its success was set to be dwarfed later in the day by a huge United Airlines deal for Boeing aircraft.China economy billed to exceed growth forecast
BEIJING. — China’s economy is in little danger of a hard landing and will likely exceed the official growth forecast for the year, a prominent government adviser said yesterday.Spain’s new austerity to deepen recession: Analysts
MADRID. — Spain’s new US$80 billion austerity package will trim a bulging public deficit but the price could be a biting recession lasting up to 2014, analysts say.Fresh from winning European Union agreement on relaxed deficit-cutting goals, Prime Minister Mariano Rajoy revealed on Wednesday a slew of tight-fisted measures demanded by Brussels.