New agric policy ready

Golden Sibanda
Senior Business Reporter

GOVERNMENT will soon unveil its new agriculture development policy, amid revelations that the draft policy document is now before Cabinet.

TN Bank lists on ZSE

Bright Madera
Senior Business Reporter

TN Bank listed on the Zimbabwe Stock Exchange yesterday at US32,08c, after demerging from TN Holdings.

Biti blasts ZSE ‘Mafia operation’

Business Reporters
Finance Minister Tendai Biti has said Government is worried by the state of affairs at the Zimbabwe Stock Exchange and is pushing for amendments to the Securities Act, which would compel the exchange to demutualise.

TN Harlequin, employees on collision course

Wenceslaus Murape
Labour Reporter

TN Harlequin Luxaire is on a collision course with its workers after serving them with contract amendment notices on Tuesday.
The notices signed by Mrs Susan Cakana — the group human resources manager — are emphasising on performance-based remuneration. TN Harlequin workers have been given seven days to sign receipt and acknowledgement of the new contract terms, failing which they would be fired.

Money transfers by migrant workers up 8pc

John Manzongo in Turin, Italy
Money transfers by migrant workers to developing countries amounted to US$351 million in 2011, an increase of 8 percent as compared to the 2010 statistics compiled by the World Bank.

Calls for Zimdollar return premature: CZI

The Confederation of Zimbabwe Industries has urged Government not to prioritise the return of the Zimbabwe dollar as Finance Minister Tendai Biti prepares to present the mid-term fiscal statement.

Telecel subscriber base soars

Business Reporter
TELECEL Zimbabwe has announced that its subscriber base has increased by 500 000 from 1,5 million at the end of last year to two million.

IPMZ to host annual convention this month

Pauline Mhuka
Business Reporter

THE Institute of People Management of Zimbabwe will host its 2012 Annual Convention and Exhibition in Victoria Falls from July 25 to 28.
The convention and exhibition will run under the theme “Towards sustainable national economic revival and the role of human resources leadership in business transformation”.

European banks on the mend: Report

LONDON. — Leading European banks are broadly on track for boosting their capital base to cushion against crises and the total funds raised exceed the target, the EBA oversight body said yesterday.

Ex-Barclays COO faces grilling

LONDON.— Former Barclays chief operating officer Jerry del Missier will give evidence to British lawmakers next week on the interest rate-fixing scandal that claimed his job, parliament announced yesterday.

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