adminInstallation of prepaid water meters an urgent necessity
Qhubani Moyo A response by Godwin Phiri of Director of INTCHA.com and a member of a 16-member civil society grouping against prepaid water meters all but confirmed my original title…
ZMDC secures foreign investors
STATE-owned mining investment vehicle, Zimbabwe Mining Development Corporation (ZMDC), says it has secured foreign investors to inject capital into its three gold mines and expects to conclude two deals next…
R700bn lost to corruption in 20 years
JOHANNESBURG – South Africa has lost R700bn to corruption over the last 20 years, the Institute of Internal Auditors said on yesterday. “The cost of corruption in the last 20…
Bakers lobby for changes
Lovemore Zigara Business Correspondent THE National Bakers Association (NBA) is lobbying the government to repeal legislation which limits bakers to only two loaf sizes Speaking at a Trade Measures conference…
ZPC starts upgrade of Deka pipeline
The Zimbabwe Power Company (ZPC) says it has commenced work to upgrade the Deka pipeline to enhance water supply to Hwange Thermal Power station. Late last year the Export and…
Eskom: SA on power alert
JOHANNESBURG – South Africa is on power alert, Eskom said yesterday morning. “The power system remains vulnerable, meaning that any extra load or faults in the system may necessitate load…
Telco to set up more WiFi hot spots
Charity Ruzvidzo Business Reporter INTERNET service provider Telecontract (Pvt) Ltd has unveiled plans to expand wireless network connectivity by setting up more WiFi hot spots outside major cities.
Trust Bank depositors paid
Business Reporter THE Deposit Protection Corporation (DPC) has started paying out depositors of the now defunct Trust Bank, which is under provisional liquidation. A few weeks ago, the DPC announced…
LOSSES IMMINENT Closed Royal Bank’s liabilities outweigh assets
Golden Sibanda Harare Bureau CREDITORS of closed Royal Bank could suffer substantial losses to their investments after it emerged that liabilities of the bank at $12,5 million far outweigh the…
Midlands sees 100pc increase of hotel rooms
Lovemore Zigara Business Correspondent THE Midlands province has recorded more than 100 percent increase in hotel rooms in the last two years, according to the Hospitality Association of Zimbabwe (HAZ).