adminUNWTO Indaba: So far so good
Isdore Guvamombe Tourism MatrixOUTSIDE the hullabaloo of negative media coverage, preparations for the co-hosting with Zambia of the August 2013 United Nations World Tourism Organisation General Assembly are well in progress, well in order and so far so good. On the ground, away from the madding media, Government has
Starafrica woos Tongaat Hulett
Business ReporterSTARAFRICACorporation has engaged Tongaat Hulett to extend a US$6,8 million revolving sugar supply facility to enable it to restart operations at its Harare-based sugar refinery plant. The last revolving facility was fully utilised and supplies were suspended because starafrica has not been able to
Eurozone business activity declines
BRUSSELS. — Private sector business activity in the eurozone showed an eighth monthly decline in September hitting its gloomiest patch in three years, survey results showed yesterday. The closely-watched Purchasing Managers Index , a survey of 5 000 eurozone businesses compiled by MarkitWhat’s in a name?
Elliot MunemoWHEN we grew up in the 1980s up to recently, furniture shops and indeed other shops used to package their products and market them with the help of enticing English names that compelled one to buy and feel important or high, thereafter. “Fantasy” and “Therapaedic” beds were the toast
Hamilton Properties placed under judicial care
Business Reporter
THE High Court has granted an order to place Hamilton Property Holdings, owned by businessman Frank Buyanga, under provisional judicial management Mr Knowledge Hofisi of Aurifin Capital was appointed the provisional judicial manager. This is the culmination of a High Court application
Competitiveness key to Zimdollar return
Martin Tarusenga Business CorrespondentContrary to what a proud nation would do to re-establish its own strong national currency, a key feature of its identity, there is yet no serious debate about when and how the Zimbabwean dollar will be reintroduced, let alone the strategy. A blind eye is being turned to this urgent call.
Buy right seeds, farmers urged
Business ReporterFARMERS have been urged to plant seed varieties that are compatible with weather patterns in their respective areas to achieve high yields. Speaking during the handover of a tractor to the winner of the Seed Co Bumper Harvest Murigadzose promotion, the seed company’s extension services
Hwange returns to profitability
Martin Kadzere Senior Business Reporter
HWANGE Colliery returned to profitability after posting a US$500 000 net profit for six months to June this year, from a loss of US$1,4 million, due to improved sales mix and decline in administrative costs. Administrative costs were down 31,5 percent to US$10 million from US$16 million a year
Pioneer revenue surges to US$13,5m
Business ReporterPIONEER Corporation Africa revenues surged by 5,6 percent to US$13,5 million in the half-year to June 30 2012 driven by a more efficient and predominantly new asset base. But operating profits took a slight knock to US$352 000 weighed down by an increase in amortisation due to