Tobacco deliveries likely to slowdown

Business Writer There is likely to be a slowdown in tobacco deliveries next week after the Reserve Bank of Zimbabwe (RBZ) announced that it will, starting from June 23, adopt…

Economy in vicious inflation expectation cycle

Tawanda Musarurwa Businesses are largely complicit in further driving inflationary pressures in the country by pricing their goods and services according to expectations of worsening inflation, the Reserve Bank of…

Bredenkamp dies

Tycoon and former Prince Edward School student Mr John Arnold Bredenkamp has died.

Private sector ready to pay forex salaries – Government hailed over remuneration

Mashudu Netsianda, Senior Reporter INDUSTRY and employers have lauded the Government’s decision to remunerate its workers in foreign currency, saying they were also open to paying theirs in US$ with…

Matulana partners rhumba group

Bongani Ndlovu, Showbiz Correspondent KANINDO musician Obadiah Matulana who is stuck in South Africa due to the closure of borders as a result of Covid-19 travel restrictions, has taken advantage…

‘Cheap substandard imports crippling cement industry’

Prosper Ndlovu, Business Editor THE country’s largest cement producer, PPC Zimbabwe, says urgent measures are needed to safeguard the viability of the local cement industry against the crippling impact of…

SA police bust cigarettes smuggling ring

South African police have recovered cigarettes worth over R2,4 million and arrested more than 20 suspects in connection with smuggling of the commodity from Zimbabwe into the neighbouring country.

COMMENT: Private sector must follow Govt lead on forex allowances

Life is difficult for workers, most of whom are paid in local currency. The salaries aren’t buying much on our US$-craving market. Any customer who walks into a shop these…

‘Business confidence in manufacturing sector declines’

Business Writer Business confidence in the manufacturing sector expectedly deteriorated during the first quarter of the year, findings of the 2020 first quarter business conditions survey conducted by the Confederation…

Covid-19: Zimbos in US, China to return home

Patrick Chitumba, Midlands Bureau Chief THOUSANDS of Zimbabweans, stranded in China, the United States, South Africa and other countries after Covid-19 induced lockdowns have registered with Government to be repatriated…

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