adminArcher on rebound…200 jobs on offer
Oliver Kazunga Senior Business Reporter— BULAWAYO’s giant textile firm, Archer Clothing, is set to resume operations next week with 200 jobs up for grabs after its creditors struck a deal…
FBC weans off Turnall Holdings
Senior Business Reporter FBC Holdings is seeking shareholder approval to distribute the group’s 58,3 percent combined shareholding in Turnall Holdings Limited by way of a dividend in specie to allow…
TransLimpopo initiative finalises work plan
Senior Business Reporter THE TransLimpopo Spatial Development Initiative has come up with a final work plan draft that spells out possible business opportunities available for foreign investment in the Matabeleland…
Comesa receives 33m euros from EU
COMESA has received 33 million euros from the European Union to support regional integration and has invited its member states to apply for the funds before October 28, 2014. The…
Mobile phone operators under the microscope
Prosper Ndlovu Business Editor THE Postal and Regulatory Authority of Zimbabwe (Potraz) is keeping a hawk’s eye on mobile phone operations and will soon be coming up with a monitoring…
$50m bond facility RBZ arranges issuance of coins
Harare Bureau The Reserve Bank of Zimbabwe has arranged a $50 million bond facility to back the issuance of special coins meant to ease change shortages in the country. According…
Zim losing out in raw tobacco sales
ZIMBABWE could have earned $6,5 billion instead of $650 million that it realised from tobacco sales in the 2014 marketing season had it processed the crop into finished products, an…
Timber sector works on realistic wages
Harare Bureau The Timber Producers Federation (TPF) says the sector needs to implement a 60 percent performance based wages and 40 percent guarantee pay system to match current production and…
‘Exempt tax on share option schemes’
Harare Bureau DELTA Corporation says taxing capital gains from the sale of shares acquired under share option schemes is inconsistent with the indigenisation and empowerment thrust. Giving oral evidence before…
‘Embrace ICTs to attract markets’
Charity Ruzvidzo Business Reporter EMERGING businesses and entrepreneurs have been urged to embrace modern information communication technologies to attract mobile markets and grow their enterprises. Discussion on the topic dominated…