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- businessweekly
- June 22, 2020
- 156 views
Brainman to change glass industry complexion
Lying idle for almost a decade, Brainman Investments, has set eyes to transform Zimglass, the country’s sole glass products producer from a heap of scrap.
- businessweekly
- June 22, 2020
- 96 views
Outlook for Zimbabwe’s Shadow Economy
According to the Labour Force and Child Labour Survey report (Zimstats, 2019), at least 2,9 million of the 3,4 million economically active age group are employed under the new internationally conceded definition of employment. The employed are defined as all those of working age from 15 years and above who produce goods and services for a profit. At least 84 percent of Zimbabwe’s economically active population is employed or self-employed within the formal and informal sectors, giving an official unemployment rate of 16 percent. The informal sector dominates, employing 2,2 million (76 percent) of the total employed population.
- businessweekly
- June 22, 2020
- 44 views
ADB slashes growth forecast for developing Asia to 0.1 pct in 2020
Developing Asia will barely grow in 2020 as containment measures to address the COVID-19 pandemic hamper economic activity and weaken external demand, according to an updated Asian Development Bank (ADB) report released on Thursday.
- businessweekly
- June 22, 2020
- 23 views
China-Africa friendship strengthened during COVID-19 battle: envoy
Sino-Africa cooperation, based on the pursuit of mutual interest, has been injected with fresh vitality as the two sides join hands to fight the COVID-19 pandemic, Wu Peng, the Chinese ambassador to Kenya, said on Friday.
In our lifetime, Rhodes must fall
There is a raging world-call for people to wake up to the unpropitious existence of colonial statues regally celebrating historical figures most of whom were responsible for the subjugation and dehumanisation of other races during slavery and colonialism.
‘President committed to civil servants’ welfare’
PRESIDENT Mnangagwa is determined to ensure that civil servants earn handsome salaries that are above the poverty datum line with the recent move by Government to increase their salaries and offer a cushion allowance as compassionate gesture to protect them from inflation and the effects of Covid-19, a top Government official said yesterday.
Forex cushion to stabilise economy
Zimbabwe is not sliding back into dollarisation after Government announced interim US dollar allowances for civil servants, but rather these allowances are a way of cushioning civil servants, Finance and Economic Development Minister Prof Mthuli Ncube has said.
Covid-19 deaths now six
Zimbabwe’s death toll from Covid-19 reached six by last night with two extra deaths confirmed over the weekend, one in Midlands and one in Bulawayo.
Hero Nleya burial set for Wednesday
NATIONAL hero Cde Stanley Nleya will be buried at the National Heroes Acre on Wednesday, not Tuesday as reported earlier.
Death penalty for 2 taxi driver killers
THE debate over retaining the death penalty in the country’s statutes should not cloud the court when assessing murder sentences, a High Court judge said after condemning two robbers to death for killing a taxi driver two years ago.