adminTSL, NRZ partnership starts moving goods
Tinashe Makichi Business Reporter TSL Limited has started moving goods under its partnership with the National Railways of Zimbabwe. TSL chief executive Mr Washington Matsaira said the rail project has since started…
Allied Timbers abandons contract milling
Martin Kadzere Senior Business Reporter ALLIED Timbers has abandoned contract milling and is now in the process of acquiring own equipment as it seeks to improve viability and ensure resource sustainability. The…
LAPF deficit position worsens
Failure to remit contributions by struggling members worsened the deficit position of the Local Authorities Pension Fund (LAPF) to $13,2 million for 2014, up from $8,5 million the previous year…
SA rand trades weaker
JOHANNESBURG. – The rand was off its firmer overnight levels but remained below the key R16 to the dollar barrier in opening trade yesterday. The local currency weakened to 16,11 against…
Gold edges to 3-month high
MANILA. – Gold edged to a three-month high yesterday as weak global manufacturing activity underscored the challenges for the world economy, pushing investors towards safe-haven assets. Increased volatility in other assets…
Creative financing critical for SMEs
Sanderson Abel The ability of SMEs to access finance is important for funding business investment, ensuring businesses reach their growth potential, and for facilitating new business start-ups. A lack of finance…
StanChart Zim exporting jobs to Kenya, India?
THE Zimbabwe Banks and Allied Workers’ Union (ZIBAWU) has accused Standard Chartered Zimbabwe of exporting jobs to its Kenyan and Indian counterparts by migrating a number of processes and services…
Silent and for profit, Zim’s mobile phone revolution
Takura Zhangazha Correspondent The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) recently announced in its 2015 third quarter report that there are almost 12, 4 million active mobile phone…
Oil slips below $33 as hopes for production cut fade
LONDON. — Oil fell around 4 percent yesterday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts…
Google overtakes Apple as most valuable listed company
Key to Google’s low tax rate is the controversial and complex arrangements it uses to shift non-US income from the UK and elsewhere to Bermuda, using aggressive tax strategies known…