adminSteward Bank exceeds threshold
Golden Sibanda Senior Business ReporterEconet Wireless-owned Steward Bank, which has just rebranded from TN Bank, has been recapitalised to the tune of US$75 million against the regulatory minimum capital threshold of US$50 million.
OK woos Diaspora cash
Business ReporterRetail giant OK Zimbabwe has partnered South African company Kawena (Pty) Limited to tap into the US$500 million per year being remitted by Zimbabweans in South Africa for family support and other personal projects.
Delta ‘sows’ US$3m into sorghum production
Beverage manufacturer Delta Corporation will provide communal and commercial farmers with US$3 million to produce 12 000 tonnes of sorghum under contract in the 2013/14 cropping season, an official said on Tuesday.Steelnet calls for meeting with creditors
Business ReportersSteelnet (Private) Limited members and creditors will hold their first meeting at the High Court of Zimbabwe on Wednesday next week.
According to a statement by the company, which is now under liquidation, the meeting will take place at 8.30am and all creditors are expected to provide proof of their claims.
SA Express eyes more Hre-Durban flights
Isdore Guvamombe in DURBAN, South AfricaSouth Africa Express Airlines, which launched its Harare-Durban route in November last year, yesterday said it would increase its frequency on the route to four flights per week next month owing to increased response by the market.
Tobacco seed in high demand
Agriculture ReporterClose to a tonne of tobacco seed has been sold so far as demand for the commodity continues to increase, the Tobacco Research Board has said.
TRB acting general manager Dr Dehlia Garwe said a farmer requires five grammes of seed to cover a hectare of seedbed.
‘ICT no longer a luxury’
Business ReporterICT professional and Computer Society of Zimbabwe president Dr Gilford Hapanyengwi believes organisations, regardless of which industry they fall under, need to embrace the technological revolution so that they remain relevant in the face of competition brought about by ICTs’ dynamism.
Money is not everything
Shelter Chieza Change Management
THERE is a common belief in the workplace that an employee is only motivated by money. While this is true to a large extent, this form of motivation has certain disadvantages. A report by researchers McKinsey noted that money is the most expensive way to motivate people.Moody’s downgrades rescued Spanish banks’ junk debt
MADRID. – Moody’s has downgraded three nationalised Spanish banking groups, sending their debt deeper into junk bond territory on fears that private investors may get burned in case of trouble.Stand out: Be persistent, creative
Zachary Aldwin
A YOUNG lady came to my office this week unannounced and uninvited. Almost wordlessly, she handed over a list of supplies that I may find useful, a rather bland black and white list clipped to a business card so that I could call if I needed anything.