Govt backs local firms

Golden Sibanda Senior Business Reporter
GOVERNMENT is working on enforcing legislative provisions on procurement to compel companies to prioritise domestic suppliers and manufacturers, Youth Development, Indigenisation and

New Airzim Airbus in maiden Jo’burg flight

Business Reporter
AIR ZIMBABWE yesterday introduced the new 150-seater Airbus A320 on the Harare-Johannesburg route as it seeks to regain its lost market share on the route, which it re-established late last

Cairns ponders ZSE delisting

Business Reporter
CAIRNS HOLDINGS shareholders and creditors meet next month to consider three key issues, chief among them a proposal by its judicial manager to delist from the Zimbabwe Stock

Crisis-hit Italians swap cars for bikes

MILAN. — Bikes are outselling cars in cash-strapped Italy, but while cyclists in Milan say their city is ready for a two-wheel lifestyle, there are daily nuisances for riders on Rome’s trafficked

Asian stocks recover

HONG KONG. — Most Asian stock markets recovered some equilibrium yesterday, but Tokyo slumped 3,22 percent on profit-taking and a stronger yen while comments by president Xi Jinping fuelled

Yen gains

TOKYO. — The yen strengthened in Asia yesterday afternoon as investors locked in profits from betting on the dollar’s recent surge, but the Japanese unit’s decline was still on track, dealers

Japan set to supply planes to India

TOKYO. — Japan is close to signing an agreement to supply amphibious planes to India, a report said yesterday, in what would be the first sale of hardware used by the military since a weapons export ban

SA ‘turns away’ Zimbabweans

South African immigration officers are reported to be turning away several Zimbabwean travellers seeking to enter that country through Beitbridge Border Post on the basis that they do not have

‘Regulatory framework needs reform’

Business Reporter
MINISTER of Parastatals and State Enterprises Mr Gorden Moyo has called for reforms on the country’s regulatory framework to enhance efficiency of the regulatory agencies across sectors of the

India supports indigenisation

Peter Matambanadzo Senior Reporter
INDIA’S Ambassador to Zimbabwe, Mr Jeitendra Tripathi, has commended Zimbabwe’s indigenisation and empowerment programme saying it was a necessary and essential step for development of the

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