NSSA pays out US$55m

Business Reporter
THE National Social Security Authority paid out US$55,3 million in benefits last year, more than double the figure it paid for the previous year.
The payout included retirement benefits, invalidity benefits, survivor’s benefits and workers’ compensation insurance fund claims. NSSA said the

Going back to the basics

Fanuel Kangondo Entrepreneurship
LEGEND has it that for any development to take place in any particular area, there has to be some advocates spearheading the thrust who are committed to the cause without any reservations. This holds true when one looks at the pioneering businessmen in the early days that had a

New ambassadorial role for Tuku

Entertainment Reporter
Zimbabwe’s music icon, Oliver “Tuku” Mtukudzi, has agreed to be the ambassador and guardian for the Acoustic Night All Stars on a European tour in March 2013. The four-week tour was made possible by the Zimbabwe German Society and Wildfire Events through the monthly Acoustic Night events

Macheso turns to God in new song

Problem Masau Arts Correspondent
IS Alick Macheso appealing for divine intervention? That appears to be the case, at least in the lyrics of his latest song —  “Huyai Samasimba” — that he has been sampling at most of his live shows in the last few months. The musician, who is well known for composing songs that sometimes touch

Craftsmen gun for UNWTO

Muchaneta Chimuka Arts Correspondent
TWO young men from Kuwadzana suburb are earning a living after turning local natural resources into a lucrative business of making artifacts. Forget Tichaona Dick (28) and Nesbert Zowa (27) are turning their backs on poverty by weaving a variety of household items such as vases, baskets, tables,

There’s hope for gender parity in Parliament

ZWRCN Women Empowerment
The Parliament of Zimbabwe was recently granted the International Standards Organisation certification for service delivery. It is the first and only legislative assembly in the world to attain such recognition. While such a development is something to be applauded, our concern is what does it

Embrace e-commerce, tourism industry urged

The tourism industry in Zimbabwe should embrace e- commerce to enable tourists across the globe to make pre-payments before visiting the country, a senior Government official has said. E-commerce is the implementation and application of Information Communication Technology solutions in

India invites Zim buyers to textiles fair

Business Reporter
THE Indian Development and Investment Corporation Ltd (RICCO) in conjunction with the Federation of India Chamber of Commerce and Federation of Indian Chambers of Commerce and Industry (FICCI) have invited Zimbabwean businesses to attend the “VASTRA 2012”. “VASTRA 2012” is a trade

Afre seeks to raise US$8,6m

Africa First Renaissance Corporation (Afre) is seeking to raise US$8,6 million from its shareholders through a rights offer to finance its insurance business. The company’s board indicated in a circular issued last week that it would put on offer of up to 162,8 million shares on a subscription rate of

High Court approves Falgold deal

Tawanda Musarurwa Business Reporter
THE High Court has approved New Dawn’s takeover of equity owned by minority shareholders in the Falcon Gold Mine. The approval was granted on Wednesday last week. Canadian-based New Dawn owns or controls approximately 85 percent of Falgold mine but earlier this year proposed a Scheme

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