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Zimbabwe suspends platinum export tax



Government has suspended export tax on unbeneficiated platinum until January 1, 2017, Finance and Economic Development Minister Patrick Chinamasa said in the 2015 National Budget statement. ...Read more

Zimbabwe suspends platinum export tax

28 November 2014 | 896 Views
Government has suspended export tax on unbeneficiated platinum until January 1, 2017, Finance and Economic Development Minister Patrick Chinamasa said in the 2015 National Budget statement. ...

by Staff reporter

Chinamasa unveils $4.1 billion 2015 budget

27 November 2014 | 4013 Views
The Minister of Finance and Economic Development, Patrick Chinamasa has presented a $4.1 billion 2015 National Budget, amid indications that $3.32 billion will go towards employment costs.Chin...

by Staff reporter

Steward Bank launches 'branchless' banking

27 November 2014 | 2828 Views
Steward Bank, a subsidiary of Econet Wireless Zimbabwe, on Wednesday launched a new "branchless" banking model which allows its clients to access banking services through agents without visiting...

by New Ziana

$40 million coins to be delivered to Zimbabwe next week

26 November 2014 | 7609 Views
OVER $40 million worth of coins are expected to be delivered in the country next week to ease the shortage of change in the country.In an interview with NewsDay, yesterday Reserve Bank of...

by Staff reporter

'Motor vehicle duty must be reduced,' says Tariffs Commission

25 November 2014 | 8570 Views
GOVERNMENT has been recommended to halt any further increase in tariffs on duties on imported vehicles as the current tariffs of between 40% and 60% give the local assembly more than adequate protecti...

by Business reporter

Ericsson, Econet sign five-year deal

24 November 2014 | 1937 Views
Ericsson today announced that it has been selected as the sole supplier by Zimbabwe's largest provider of telecommunications services, Econet Wireless Zimbabwe, for the company's Core network upgrade ...

by Staff writer

Zim industry pushes total import ban

24 November 2014 | 2050 Views
Finance and Economic Development Minister Patrick Chinamasa made the most determined assault on imports when he unveiled a raft of tax measures to control the rising tide when he announced the MID...

by Staff reporter

Zim seeks re-engagement with IMF

24 November 2014 | 1339 Views
ZIMBABWE plans to host a second international debt resolution forum this month to resolve the country's over $9 billion total debt which has hamstrung the flow of lines of credit from multilateral fin...

by Staff Reporter

'Zimbabwe has investment potential,' says Minister Chinamasa

21 November 2014 | 2805 Views
Zimbabwe has investment  potential for South Africa, with a diversity of resources, Finance and Economic Development Minister Patrick Chinamasa said on Friday."We are not a basket ca...

by Sapa

Zimbabwe's economic recession will last for at least 15 years

21 November 2014 | 1857 Views
FORMER Finance minister Tendai Biti has warned Zimbabwe's economic recession will last for at least 15 years if urgent remedial steps are not taken.In an analysis of the economy to the Zimbabw...

by Staff reporter

Emirates offers up to 30% off for travellers from Zimbabwe

21 November 2014 | 1749 Views
Emirates, which flies daily from Harare to Dubai via Lusaka, is offering travellers from Zimbabwe up to 30 percent discount on Business Class and Economy Class fares to selected and exciting destinat...

by Staff reporter

Zimbabwe to impose duty on sugar imports

20 November 2014 | 1722 Views
ZIMBABWE will from January next year impose duty on all imported sugar to protect the local sugar industry negatively affected by a slump in sales.Imported sugar will attract a 10 percent impo...

by CAJ News

Deposit Protection Corporation CEO appointed IADI treasurer

20 November 2014 | 1839 Views
At the recently held 13th Annual Conference and General Meeting of the International Association of Deposit Insurers (IADI) that was held on the 23rd of October 2014, the Chief Executive Officer of ...

by Own correspondent

Shingi Munyeza clinches Ocean Basket franchise

20 November 2014 | 4084 Views
Business Shingi Munyeza through his investment vehicle Vinale Investments has inclined a franchise for South African seafood restaurants chain Ocean  Basket. Ruddy Makoni Vinale oper...

by Staff reporter

Telecel Zimbabwe inks pre-paid roaming deals with 7 countries

19 November 2014 | 1525 Views
Telecel Zimbabwe announced Wednesday that it has entered into roaming agreements with seven countries for its prepaid customers and added 58 international data roaming deals for its post-paid subs...

by APA

CBZ, ABC Holdings scoop top corporate governance awards

17 November 2014 | 1913 Views
CBZ Holdings has won the 2014 trophy for the Best Governed Company on the Zimbabwe Stock Exchange, while ABC Holdings was awarded the trophy for the Best Governed Banking Institution. Fin...

by Mike Hamilton

Mzembi eyes 2m Chinese tourists

17 November 2014 | 2037 Views
TOURISM and Hospitality Minister Walter Mzembi has targeted to attract at least 2 million visitors from the 200 million outbound Chinese travellers into Zimbabwe by 2020.Minister Mzembi s...

by Business Reporter

Harsh economy hits OK stores, struggles to remain on top

17 November 2014 | 3598 Views
OK Zimbabwe says it does not expect an improvement in the operating environment in the March full year as performance will be affected by the fragile economy.Chief executive Willard Zirev...

by Business Reporter

Government closes down 11 gold mining companies

15 November 2014 | 3746 Views
Government has temporarily shut down 11 gold mining companies for non-compliance with mining regulations in a drastic measure to curb gold leakages and increase deliveries. Gold leakages have been...

by Daniel Nemukuyu

OK Zimbabwe predicts doom and gloom

14 November 2014 | 5725 Views
Zimbabwe's largest retailer, OK Zimbabwe does not expect an improvement in the operating environment in the March full year as performance will be affected by the fragile economy. Reflec...

by Staff reporter

Safeguard wins customer service excellence award

14 November 2014 | 1194 Views
The Contact Centre Association of Zimbabwe, which each year makes awards to recognise excellence, professionalism and outstanding achievements in all sectors of the economy, has awarded the Safegu...

by Business Reporter

Emirates brings down fares for Zimbabwe travellers

14 November 2014 | 5321 Views
Fares from US883 from Harare to Muscat   HARARE - Emirates, which flies daily from Harare to Dubai via Lusaka, has reinforced its pledge t...

by Business Reporter

ZimTrade and IIFT to host an Executive Development Programme on International Trade

12 November 2014 | 905 Views
ZimTrade, in collaboration with the Indian Institute of Foreign Trade (IIFT), will conduct an Executive Development Programme on International Trade from 17-21 November 2014, at the Cresta Lodge, Har...

by Dillon Kamutenga

Hwange Colliery to ask shareholders for more money

12 November 2014 | 1398 Views
Hwange Colliery Company plans to ask shareholders for more money as Zimbabwe's second-biggest coal producer seeks to restructure $70m in debt and struggles to pay employees because of a drop in prices...

by Godfrey Marawanyika I Bloomberg

Econet ventures into gas

12 November 2014 | 4770 Views
Econet Wireless plans to venture into the gas business  in December according to sources. The paper provides a quote from communications manager Ranga Mberi who does not confirm or deny t...

by Staff reporter

Book with Emirates and get Free UAE Visa

10 November 2014 | 1969 Views
Emirates, which flies daily from Harare to Lusaka and Dubai, is offering customers from Zimbabwe a free tourist visa to the United Arab Emirates (UAE) when booking a ticket to Dubai.The offer...

by Business Reporter

Zim economy at crossroads says IMF

09 November 2014 | 2924 Views
The Zimbabwe economy requires comprehensive reforms to sustain higher growth rates and poverty reduction, the International Monetary Fund (IMF) said on Friday."Zimbabwe's economy is at a cros...

by Staff Reporter

Cottco collapses

06 November 2014 | 2087 Views
The Cotton Company of Zimbabwe has applied to be placed under judicial management as the company has failed to turn around its operations even after a capital injection from the sale of its Seed C...

by Staff reporter

Zesa to compete with Econet, launch Zimbabwe's fifth mobile network

05 November 2014 | 9395 Views
ZESA Holding's subsidiary, Powertel will launch the country's fifth mobile network and an additional fixed line network as part of its re-branding efforts.The telecommunications company unveil...

by Staff reporter

Homelink meets the Zimbabwean diaspora community in Wales, UK- Videos

05 November 2014 | 3323 Views
The Homelink delegation, led by Chairman Morris Mpofu and Chief Executive Officer Mrs S Chorwira who  are on a roadshow to sell the company's new projects to the diaspora community today met wi...

by Staff Reporter

Air Zimbabwe to acquire new aircraft

05 November 2014 | 4634 Views
The national airline, Air Zimbabwe is engaging a Canadian based aircraft manufacturer to acquire new aircraft for regional and international routes.The engagement between the national fla...

by Staff reporter

Powertel unveils new dynamic brand

05 November 2014 | 3558 Views
POWERTEL has unveiled a new dynamic brand to celebrate achievements around product quality, capacity and better customer care facilities.The new dynamic Powertel brand with a new corporate...

by Business Reporter

Emirates Sees Free Onboard Wi-Fi as Future Standard

04 November 2014 | 1468 Views
HARARE - In the first three years since Emirates launched inflight Wi-Fi connectivity, over half a million passengers have connected to the internet onboard an Emirates flight, and this demand is expe...

by Staff Reporter

Innscor's imports CEO

04 November 2014 | 2086 Views
Antonio Fourie's capabilities as chief executive to one of the country's iconic companies, Innscor Africa have been put under the spotlight following the recent resignation of long serving chairma...

by Staff reporter

RBZ Homelink Uk Roadshows

04 November 2014 | 2550 Views
(London. 4th November 2014) A high powered delegation from Homelink, a Reserve Bank of Zimbabwe company, incorporated in 2004 to specifically serve Zimbabweans in the Diaspora is in Britain to mee...

by Thamsanqa Ephraim T

Flyafrica launches Zimbabwe Joburg route

04 November 2014 | 4024 Views
Flyafrica, yesterday launched its inaugural Harare-Johannesburg flight where it is charging $89 (including taxes), one way. Flyafrica joins three other airlines flying on the same route. Offic...

by Staff Reporter

British trade mission says Zimbabwe a safe investment destination

31 October 2014 | 2992 Views
The British trade delegation that was in the country to explore business opportunities says it has had fruitful, frank and open discussions with various government officials and will carry a positive ...

by Staff reporter

'Harare diamond sale a boon for local diamond miners'

31 October 2014 | 2080 Views
About 140 diamond buyers are participating at the country’s biggest diamond sale which opened on Monday, giving local diamond miners a golden opportunity to sell their products locally.F...

by Business Reporter

We will not destroy companies through tax collection, says Zimra

31 October 2014 | 2456 Views
THE Zimbabwe Revenue Authority says it is not bent on destroying ailing companies by employing rigid tax collection measures if companies fail to fulfill their tax obligations.The revenue ...

by Business Reporter

Delta cuts down Chibuku production

31 October 2014 | 2700 Views
DELTA CORPORATION has stopped production of standard Chibuku beer at six breweries across the country, as plant rationalization continues after the introduction of its new product brand Chibuku Super....

by Staff reporter

Govt tightens screws on imports

31 October 2014 | 9130 Views
THE government has tightened screws on the importation of cement, cooking oil, milk products and soap among other products with effect from October 22.Individual travellers and traders are no...

by Thupeyo Muleya

Desperate govt lures more foreign investors, Iran eyes business in Zim

30 October 2014 | 1949 Views
The Islamic Republic of Iran will assist small to medium scale enterprises as they play a significant role in economic development, Iranian Ambassador to Zimbabwe Mohammad Amin Nejad at the Harare...

by Business Reporter

Econet acquires TN Medical

30 October 2014 | 2513 Views
Econet Wireless Zimbabwe Limited has wholly acquired TN Medical-owned by the group's former chairman Tawanda Nyambirai for undisclosed amount. This comes as Econet last year took over Nyam...

by Staff reporter

Fly Africa to battle SAA on Zimbabwe route with cheaper deals

29 October 2014 | 5791 Views
Fly Africa, a low-cost carrier based in Zimbabwe, plans to compete with South African Airways on the Harare-Johannesburg route next month by luring passengers with cheaper deals."For that...

by Bloomberg

South African mayor promises to resuscitate Bulawayo industry

29 October 2014 | 4652 Views
SOUTH Africa's eThekwini Municipality mayor James Nxumalo has pledged to assist Bulawayo revive its crumbling industrial zone saying the city has vast potential for growth.Speaking at a recept...

by Business Reporter

Zimbabwe banking sector stable, but unsafe

28 October 2014 | 1594 Views
Zimbabwe's banking sector remains stable despite systemic risks posed by struggling banks, but the Central Bank must strengthen supervision of financial institutions, an analyst says.This come...

by Staff reporter

Lobels resuscitates Byo industry, creates jobs

28 October 2014 | 5179 Views
LOBELS Zimbabwe has acquired a new production line which will increase bread production by 50 percent to 150 000 loaves per day, in Bulawayo and 42 percent to 340 000 loaves per day, a development set...

by Staff Reporter

NMB CEO resigns due to ill health

27 October 2014 | 4644 Views
The Board of Directors of NMBZ Holdings has announced that Mr James A. Mushore will step down as Chief Executive Officer and Director of NMBZ Holdings and NMB Bank due to ill health, effective 31 Octo...

by Staff reporter

Zimbabwean economy now drifting on autopilot

24 October 2014 | 3079 Views
AS First Lady Grace Mugabe seems to have taken over the running of the state and government behind the scenes while President Robert Mugabe looks to have lost control to his rabble-rousing wife, the e...

by Staff reporter

One wallet posts massive loss as Ecocash flourishes

24 October 2014 | 2574 Views
Government owned mobile phone operator NetOne generated a paltry US$1 194 in revenue from its mobile banking platform One Wallet for the year ending December 31 2012 after investing close to a qua...

by Staff reporter
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