adminUnited Refineries capacity utilisation up 65pc
Business Reporters Bulawayo-based fast moving consumer goods company United Refineries Ltd says capacity utilisation has increased to 65 percent on cooking oils from as low as 30 percent boosted by…
RBZ wants IDBZ, Sedco under its supervision
THE Reserve Bank of Zimbabwe (RBZ) has said it was working with the government to place the Infrastructure Development Bank of Zimbabwe (IDBZ) and the Small Enterprises Development Corporation (Sedco)…
FBC Bank secures $60m loan facility
Harare Bureau FBC Bank has secured a $60 million three-year term syndicated loan facility jointly arranged by Standard Chartered Bank and its partners to support trade, manufacturing and key projects…
Alpha Omega Dairy to increase production
Harare Bureau ALPHA Omega Dairy expects to increase production of its Munandi Lacto fourfold to two million litres per month from next month following the arrival of new equipment to…
Zim goods prices highest in the region
Prosper Ndlovu Business Editor THE country’s pricing model should be reviewed downwards to increase domestic industrial competitiveness following revelations local commodities were costlier compared to other countries in the region, analysts…
High costs of fertilisers affecting crop production
HIGH costs of fertilisers are negatively affecting production of crops among communal and small holder farmers throughout the country, an official has said. Compound D is ranging from $30 to…
MSU digitalises services offered to students
Tonderai Rutsito THE Midlands State University has unveiled a centralised system that digitalises all services offered to students, among them the e-Sadza system. e-sadza is a very smart, simple and fast…
Euro yields nose dive against dollar
THE euro extended its slide yestersday, hitting its lowest level in a year against the dollar as expectation grew that the European Central Bank will act soon to counter low…
SA vehicle sales to drop 4,6 percent as rand weakens
IMPERIAL Holdings Ltd (IPL), owner of South Africa’s biggest car-dealership network, said full-year profit declined 10 percent as the South African economy slowed and the rand weakened. Earnings per share,…
Parties that apply for rescission in labour cases must be heard
Labour Matters Davis Ndumiso Sibanda MANY employers and workers fail to attend hearings for various reasons and decisions are made without the party being heard. When this happens, many people struggle…