SA bond selloff resumes as Turkey contagion stokes local risks

JOHANNESBURG – South African bonds suffered twice the outflows of the next worst-hit emerging market at the height of the Turkey crisis as foreign investors scrambled to reduce volatility in…

IDBZ moves to exploit Tugwi-Mukosi Dam

George Maponga MASVINGO – Plans by Government to start exploiting Tugwi-Mukosi Dam water have gathered momentum with the Infrastructural Development Bank of Zimbabwe having started identification of the more than…

Factory output stronger than expected

Martin Kadzere Zimbabwe’s manufacturing output surged during the first half of the year, signalling a strong performance by one of the sectors the country is hoping will help support economic…

Dairibord now on solid footing. . . as corporate and organisational restructuring yields results

Tawanda Musarurwa Efforts to increase capacity and re-align corporate and organizational structures are starting to yield benefits for listed milk processor Dairibord Holdings. In 2016, the group commenced a restructuring…

‘Makamba fails to repay $3,7m’

Golden Sibanda Businessman James Makamba has failed to repay the $3,7 million he received from a local consortium in exchange for his stake in an investment holding vehicle that holds…

NetOne urged to implement reforms

Africa Moyo State-owned mobile phone operator, NetOne, must implement sweeping reforms such as re-orienting its pricing policy from a low value to a mid-tier network, as well as maintaining the…

Chambishi mining project to create 5 000 jobs

Chambishi. — President Edgar Lungu has launched the 590 million Chambishi South East Ore Body project that will create more than 5 000 jobs for the local people. Speaking during…

RBZ unfazed by rising inflation rate

Kudzanai Sharara The Reserve Bank of Zimbabwe will continue to pursue supply side policies that seek to increase productivity as it aims to contain inflation, which reached its all-time high…

Zim seeks to sell ivory stockpile to Japan

Martin Kadzere Zimbabwe is seeking permission from a United Nations body to sell ivory tusks seized from poachers or taken from animals that died from natural causes, an industry body…

Business, Govt bury hatchet

Africa Moyo As the nation keenly awaits judgment in the electoral petition filed by MDC Alliance presidential candidate Advocate Nelson Chamisa, there is a refreshing development noted from the July…

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