Zim to set up new visa system

Isdore Guvamombe
Zimbabwe has agreed to set up a new visa application system specifically for the Chinese market as the country moves into top gear to tap into the 70 million outbound Chinese tourist market.

Zim experienced slowdown in growth: Mpariwa

Wenceslaus Murape Business Reporter
The Zimbabwe economy experienced a slowdown in growth as evidenced by the decline in capacity utilisation levels in most of the productive sectors of the economy, a Cabinet minister has said.

‘Receding economy promoting unethical business practices’

Harare — Declining economic activity over the past decade fuelled unethical practices among businesses as they sought to overcome effects of the stagnation. The Zimbabwean economy, currently characterised

Tobacco production to rise 18pc

Business Reporters
ZIMBABWE’S tobacco output is estimated to rise by 18 percent next year to 170 million kilogrammes, Finance Minister Tendai Biti has said. “With regards to tobacco, output is projected to rise from 144

ZSE auto trading system ready soon

Golden Sibanda Senior Business Reporter
THE Zimbabwe Stock Exchange’s automated securities settlement system, the Central Securities Depository, is expected to become operational early next year.

Innscor boss quits

Martin Kadzere Senior Business Reporter
INNSCOR Africa chief executive Mr Tom Brown has resigned from one of the country’s leading conglomerates following a fall out with one of the founders Mr Zed Koudounaris, sources have said.

Editorial Comment: Securities commission must stamp its authority on ZSE

The announcement this week by the Securities Commission of Zimbabwe that they will probe trading activities on the equities market is a welcome development. For a long time the Zimbabwe Stock Exchange has been operating as an elitist “boys club” without any authority to answer to.

Cyanide was not cleared

Farai Kuvirimirwa Court Reporter
The sodium cyanide that was delivered at Morton Jaffray Water Works in July was not cleared by environmentalists at Forbes Border Post where it passed through, an official has said. This was said by Environmental Management Authority province manager Mr Kingston Chitotombe who was

Death inquest likely at P.E

Herald Reporter
Police have referred to the Attorney General’s office a docket they compiled in connection with the mysterious death of a Prince Edward schoolboy.
Thirteen-year-old Munashe Banda’s body was found floating in the school swimming pool last month. Police sources yesterday said by referring the

Mursi, Ban and Clinton on Gaza truce

CAIRO. — Egyptian President Mohamed Mursi yesterday met with US Secretary of State Hillary Clinton and UN chief Ban Ki-moon, amid a flurry of diplomatic activity aimed at sealing a truce in Gaza. Clinton arrived in Cairo and went straight into talks with Mursi and then with Foreign Minister

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