Emirates offers discounted hotel package

Business Reporter
EMIRATES has introduced a package that will guarantee its passengers from Harare and other destinations exclusive savings at premium hotels in Dubai when booking via the Emirates website before September 10, 2012. According to the airline, the offer is applicable to holidaymakers travelling

Who has got the Midas touch?

Business Reporter
MOTOR parts experts from across Zimbabwe will take part in the Zim-Midas Parts Challenge regional tests this week, which will culminate in national finals, scheduled for the end of September. Zim-Midas Parts Centres have already launched the search for Zimbabwe’s parts person the year for

‘Cash drought’ dogs firms

Martin Kadzere Corporate News
During the decade from 1999 to 2009, Zimbabwe’s economy suffered a massive decline due to pervasive economic challenges. The country witnessed galloping inflation, which at the last official count in July 2008 reached 231 million percent. This inflation rate destroyed all the economic

ZSE industrial index slips

Martin Kadzere Senior Business Reporter
THE Zimbabwe Stock Exchange industrial index fell yesterday on losses in selected heavyweight stocks while the mining index remained flat.
After trades, the industrial index was down 0,84 percent at 132,69 points. The mining index was steady for the sixth consecutive day at 89,04 points

Zim youth leader scoops top global award

Business Reporter
Zimbabwean youth leader Precious Simba was last week named as one of the three winners of the Goldman Sachs & Fortune Global Women Leaders award. According to ZimPAS, she will receive the award at the Fortune Most Powerful Women summit scheduled for October 2 in Laguna Niguel,

Eurozone woes distress markets

Prodigy Chinanga Money in Motion
VOLATILITY in traditional markets like currency market has pushed investors to look for alternative asset classes like gold, wine, diamonds and art. In the currency market we could see a correction in the euro in its trade with the United States dollar to around 1,2250. The euro-dollar pair is

Sadc creates mechanism to boost development

Joseph Ngwawi
Southern Africa is taking steps to accelerate investment in infrastructure, considered one of the key facilitators of regional integration. The Council of Ministers of the Southern African Development Community has approved the setting up of a long-awaited Regional Development Fund, one of

AfDB moots infrastructure bond for Africa

The African Development Bank (AfDB) last week recommended that Sadc countries set aside 5 percent of their monetary reserves to establish an infrastructure bond. He said the 5 percent investment would add up to US$22 billion, and this could be used to finance construction of infrastructure

Tough times hit platinum industry

JOHANNESBURG. — South Africa’s deadly platinum mine strike exposed deep-rooted labour troubles in an industry already buckling under soaring production costs and depressed demand for the metal. The illegal strike that started on August 10 left 10 dead in battles between members of

Sharp mulls selling plants

TOKYO. — Japan’s embattled Sharp is considering selling television assembly plants in China and Mexico and shedding 3 000 jobs, boosting the number of planned payroll cuts to 8 000, reports said yesterday. Sharp is mulling the sale of the two factories as part of talks with Taiwanese partner

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