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- businessweekly
- August 2, 2019
- 92 views
Zim engages SA, Moza for power imports
Zimbabwe has moved to engage directly the governments of South Africa and Mozambique over payment plans to clear outstanding debts for power imports, as it steps up efforts to ease a crippling power deficit, a senior official said.
- businessweekly
- August 2, 2019
- 114 views
Mining rights for Zisco deal agreed on
Government says the agreement with Chinese investor, R and F, for the US$1 billion revival of former steel making giant Zisco, remains firmly in place, but a few loose ends relate to iron ore claims to be granted to the investor.
- businessweekly
- August 2, 2019
- 79 views
Property market paralysed. . . as players adopt wait and see attitude
Trading in the property market is currently paralysed as sellers are still to adjust to new regulations that require all local transactions to be conducted in the local Zimbabwe dollar.
Gold export earnings drop
Sukulwenkosi Dube-Matutu, Gwanda Correspondent ZIMBABWE’S gold export earnings decreased by 32,9 percent to US$500 million in the first half of this year compared to about US$670 million recorded in the same…
EDITORIAL COMMENT: Zupco’s return seven months on
The Government has imported 86 new buses since April with an additional 47 expected in the country in the next few weeks as measures to resuscitate Zupco intensify. When the…
Jah Prayzah’s video vixen makes waves
Bongani Ndlovu, Showbiz Correspondent BULAWAYO-born plus size model Hazel Matenda said after her appearance on Jah Prayzah’s Sadza Nemuriwo music video, the attention has brought her business, but there have been…
- businessweekly
- August 2, 2019
- 86 views
Let’s up the ante on corruption
In 2018, Zimbabwe was ranked number 160 on the Corruption Perceptions Index (CPI) by Transparency International. The CPI, which ranks 180 countries and territories by their perceived levels of public sector corruption according to experts and businesspeople, uses a scale of zero to 100, where zero is highly corrupt and 100 is very clean. Zimbabwe scored 22 on that index.
10, 85 billion dollar supplementary budget . . . Expenditure in line with increased revenues
Prosper Ndlovu, Business Editor FINANCE and Economic Development Minister, Professor Mthuli Ncube, yesterday unveiled a ZW$10,85 billion supplementary budget and announced a string of measures to cushion workers while stimulating domestic…
$1,1 billion for social safety nets
Nqobile Tshili, Chronicle Reporter TREASURY has increased to ZW$1,135 billion its budget allocation for social safety nets to cushion vulnerable members of the public against drought-induced macro-economic challenges. Finance and Economic…
- businessweekly
- August 2, 2019
- 91 views
Better days on the horizon: CZI
The Confederation of Zimbabwe Industries (CZI) is seeing green light in the country’s macro-economic framework occasioned by the new dispensation and is confident it is the perfect tonic the country needs to regain its competitiveness on the export market.