No work no pay for teachers

Munyaradzi Musiiwa, Sunday News Reporter The Public Service Commission has directed the Ministry of Primary and Secondary Education to submit names of teachers who have not reported for duty since…

Warriors self destruct in Algiers

ANOTHER costly blunder by goalkeeper Elvis Chipezeze, an expensive, if not foolish, gamble to throw Ovidy Karuru into the starting XI and a host of missed chances combined to drag the Warriors to their first 2021 AFCON qualifying defeat in Algiers last night.

Treasury tightens lending conditions

Government has moved in to protect depositors’ funds and the collapse of some financial institutions by restricting the amount of loans banks can extend to all insiders and their related interests or close relatives.

Govt to take over fresh RBZ debt

The Reserve Bank of Zimbabwe (RBZ) is set to transfer several billions of the debt it holds to the Ministry of Finance and Economic Development after completing a debt consolidation exercise.

Showdown looms over CAPS board appointment

The appointment of CAPS directors by the Ministry of Industry and Commerce this week is irregular as Government does not own shares in the pharmaceutical firm, said businessman Fred Mutanda.

Pension funds need to evolve with pandemic

Over time businesses and economies evolve; some thrive, while others die. But the best ones are always flexible enough to align themselves with a prevailing direction.

Bilboes eyes US$235m from gold project

Bilboes Holdings, a major privately owned gold mining entity that operates three mines in Matabeleland North, is set to embark on a massive infrastructure expansion that will ramp up gold ore production to 240 000 tonnes per month and rake in more than US$235 million under its phase 1, a comprehensive document prepared by experts reveals.

Unifreight on the rebound

Transport and logistics firm, Unifreight Africa Limited, experienced a rebound in performance during the third quarter to September 30, 2020 on improved business efficiencies.

Central bank considers long term bond

With several companies struggling to get offshore loans due to the US$1,2 billion debt owed to foreign suppliers by local firms, the Reserve Bank of Zimbabwe (RBZ) is considering various options, including issuing out a long term bond, to raise the money in order to pay off the debts.

Delta on strong recovery path

Zimbabwe Stock Exchange listed beverages giant Delta Corporation reported an encouraging set of results for the half-year to September 2020 despite the Covid-19 restrictions that characterised the reporting period.

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