admin‘Support private sector initiatives to set up CRB’
THE Government should support private sector initiatives to set up a Credit Reference Bureau (CRB) to help minimise incidences of loan defaults, an official said on Monday.
A CRB is an organisation that provides information on individuals’ borrowing and bill-payment habits which help lenders assess credit worthiness and the individuals’ ability to pay back a loan, among other things.
Zuma rides out strikes, on re-election path
JOHANNESBURG — A storm of violent wildcat strikes in South Africa’s mines has eased, leaving President Jacob Zuma battered but defiant, and buoying his chances of heading off rivals to win a party leadership election in December.
With most strikers in gold and platinum mines returning to work after threats of dismissal and some sweeteners on pay, the 70-year-old head of state appears to be weathering the biggest threat so far to his plans to stay on as leader of the ruling African National Congress (ANC).
Teacher caught writing exam for candidate
Pamela Shumba
AN Accounts and Mathematics teacher from Bulawayo allegedly wrote an examination on behalf of a candidate who had promised to pay him $40.
The teacher Edward Moyo (40) and the candidate Phephile Dlamini (29) from Entumbane have since been arrested.
ZTA challenges govt to prioritise tourism funding
Oliver Kazunga
THE Zimbabwe Tourism Authority (ZTA) has challenged the Government to prioritise funding the tourism industry by re-introducing a revolving fund to recapitalise operations of players in the sector.
ZTA chief executive officer Mr Karikoga Kaseke said at a business forum held during the just-ended Sanganai/Hlanganani World Travel and Africa Fair that stakeholders highlighted the need to fund tourism projects.
High Court throws Makandiwa lifeline
Harare Bureau
A Chitungwiza businessman’s attempt to bar the United Family International Church from developing a piece of land at the centre of a dispute yesterday failed after the High Court ruled that it was not urgent.
Storm batters eastern coast of US
NEW YORK — Millions of people awoke yesterday to scenes of destruction wrought by monster storm Sandy after it smashed into the eastern United States, cutting power to swathes of the nation’s most densely populated region, swamping New York’s subway system and submerging streets in Manhattan’s financial district.
At least 15 people were reported killed along the eastern seaboard by Sandy, one of the biggest storms to ever hit the country, which dropped just below hurricane status before making landfall on Monday night in New Jersey.
Libyan army has ‘no control’ in Bani Walid
Tripoli — Libya’s defence minister said on Monday that the army has no control over Bani Walid, one of the last bastions of Muammar Gaddafi’s regime, and that armed groups there prevent families from returning home.
Decentralise tender board: Byo business
Mbongeni Ncube
THE Bulawayo business community has called for the decentralisation of the State Procurement Board as they felt it was biased towards companies in Harare.
Submitting contributions at the 2013 pre-budget consultative meeting in Bulawayo, a representative of Zimbabwe National Chamber of Commerce (ZNCC) Mr Peter Zwide ka Langa Khumalo said there was need for the decentralisation of the tender board since it had failed to benefit firms in Bulawayo.
“There is need to decentralise the tender board since its location is only advantageous to firms in Harare whilst those in Bulawayo and other regions are sidelined in the granting of tenders.
President sets agenda
Harare Bureau
Buffaloes warn Bosso
Sikhumbuzo Moyo