adminZim loses billions to SA gold buyers
ZIMBABWE is losing billions of dollars worth of gold to South African buyers who are offering local small-scale miners high prices for the yellow metal, Parliament heard on Monday.
Platinum strike driving up losses
SOUTH Africa’s platinum producers on Monday started showing in real time revenue and earnings lost to a strike in the sector as the stoppage runs into its fifth week with…
Rand weakens ahead of GDP data
THE rand weakened against the dollar early yesterday, pulling back from a 5-week high hit overnight as political tensions in emerging markets such as Ukraine and Turkey remained and depressed…
Shoprite shares drop as SA consumers suffer
RETAILER Shoprite Holdings posted an 8 percent rise in first-half profit yesterday, reflecting slowing growth as debt-laden consumers in its home market cut back on spending.
Numsa, Cosatu in ultimatum standoff
THE National Union of Metalworkers of SA (Numsa) has responded to an ultimatum by the Congress of SA Trade Unions (Cosatu) with an ultimatum of its own.
TransLimpopo initiative committee to brief Provincial Affairs Ministers
Oliver Kazunga Acting Business Editor THE TransLimpopo Spatial Development Initiative joint executive committee will soon brief the new Ministers of State for Provincial Affairs in Matabeleland region on the progress…
‘Revive industries with comparative advantage’
Business Correspondent THE government should focus on reviving industries it has comparative advantage on if the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset) blueprint is to be a success, an…
President in DRC for Comesa summit
Prosper Ndlovu Herald Reporter PRESIDENT Mugabe left the country yesterday for the Democratic Republic of Congo to attend the 17th Common Market for Eastern and Southern Africa (Comesa) Summit of…
PSMAS commits to settle claims
Herald Reporter Premier Service Medical Aid Society has committed US$16 million every month for settling of claims with various service providers, acting group chief executive officer Dr Farai Muchena has…
City bosses still earning mega salaries
Farirai Machivenyika Senior Reporter Harare City Council senior management is still earning mega salaries in defiance of a Government directive to slash them, it emerged yesterday.