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1 471 defaulters apply for Zimra tax amnesty

1 471 defaulters have submitted tax amnesty applications to the Zimbabwe Revenue Authority (Zimra) to date, Zimra commissioner general Gershem Pasi has said.The tax amnesty commenced in Octobe...Read more

1 471 defaulters apply for Zimra tax amnesty

27 February 2015 | 1482 Views
1 471 defaulters have submitted tax amnesty applications to the Zimbabwe Revenue Authority (Zimra) to date, Zimra commissioner general Gershem Pasi has said.The tax amnesty commenced in Octobe...

by Funny Hudzerema

Jane Mutasa bid to stop Telecel EGM fails

27 February 2015 | 1129 Views
Key shareholder Dr Jane Mutasa's bid to stop the Extraordinary General Meeting to sanction the sale of Empowerment Corporation (Private) Limited's 40 percent stake in Telecel Zimbabwe (Private) Limite...

by Tawanda Musarurwa

Wise Owl Motel close shop

27 February 2015 | 1535 Views
LONG-ESTABLISHED Mutare hotel Wise Owl Motel dosed operations last week, Business Post reported.Wise Owl Motel, owned by prominent businessman and Zimbabwe National Chamber of Commerce nationa...

by Ngoni Dapira

DHL Named Africa's Number One International Freight Forwarder

27 February 2015 | 587 Views
JOHANNESBURG - DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post, has scooped the award for Africa's International Freight Forwarder of the Year for the 3rd time. The In...

by APO

Chanakira mourns AfrAsia collapse

27 February 2015 | 3587 Views
KINGDOM Bank founder Nigel Chanakira says the collapse of AfrAsia Bank - an institution he moulded to iconic status - is a sad development in the history of the financial service institutions in Zimba...

by Charity Ruzvidzo

Another Telecel blow for Mutasa

26 February 2015 | 4197 Views
High Court has dismissed businesswoman Jane Mutasa's bid to block the sale of Empowerment Corporation Limited 40% stake in Telecel Zimbabwe, thus further muddying the investment firm's boardroom ...

by Staff reporter

Zimplats wins tax dispute

26 February 2015 | 3062 Views
Platinum miner, Zimplats has won an order from the High Court to pay royalties at a rate agreed with government in 1994, creating room for a massive claim against a higher tax claim in 2009. ...

by Staff reporter

Govt mulls data tariff reduction

26 February 2015 | 1519 Views
The Government is considering a further reduction in mobile broadband rate to ensure access by all users. In an interview with TechnoMag, Information Communication Technology, Postal and Couri...

by Staff reporter

MTN scours Zimbabwe telecoms market

26 February 2015 | 3757 Views
SOUTH Africa-based multinational mobile telecommunications company, MTN, is scouring the Zimbabwean market for opportunities after a failed bid for the purchase of a stake in a government-owned telec...

by Staff reporter

Emirates unveils fabulous February fares for Zimbabwe

25 February 2015 | 4433 Views
HARARE - In keeping with its objective of enabling globalistas in Zimbabwe to say "hello" to new destinations and experiences in 2015, Emirates has unveiled another special offer on Business and E...

by Business Reporter

Batoka Gorge power plant plan expanded to 2,400MW

25 February 2015 | 1409 Views
PLANS for the long proposed Batoka Gorge Hydro-electric Power Plant have been expanded to 2.400MW from the initial 1.600MW, an industry official has said.The project is located on the Zambezi ...

by Business Reporter

Telecel licence saga takes new twist

24 February 2015 | 2980 Views
The Telecel licence saga has taken a new twist with insiders at the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) revealing the mobile phone operator's licence was never with...

by Staff reporter

Executive Development Programme on international trade to be held in Bulawayo

24 February 2015 | 922 Views
ZimTrade, in collaboration with the Indian Institute of Foreign Trade (IIFT), will host the Executive Development Programme on International Trade from 9-13 March 2015 at the Holiday Inn, Bulawayo. Th...

by ZimTrade

Nigel Chanakira formed AfrAsia Bank collapses

24 February 2015 | 2507 Views
AFRASIA Bank Zimbabwe, founded as Kingdom Financial Holdings by Nigel Chanakira, has collapsed after the central bank confirmed the cancellation of its licence on Tuesday.Chanakira had inauspi...

by Staff Reporter

Hwange to sell coal to global miner Glencore

23 February 2015 | 2363 Views
Zimbabwe coal producer Hwange Colliery said on Monday it was negotiating to supply coal and coke to global miner Glencore and a deal could be reached at the end of this month, its managing director sa...

by Reuters

ZBC to introduce multiple TV channels

22 February 2015 | 5813 Views
Zimbabwe Broadcasting Corporation (ZBC) acting chief executive officer Mr Patrick Mavhura has said national broadcaster will be introducing channels that will be accessible only after paying a subscri...

by Staff Reporter

Delta Beverages to commission new Chibuku plant in Bulawayo

22 February 2015 | 1489 Views
BEER manufacturing giant Delta Beverages will commission a new Chibuku Super production plant in Bulawayo at the end May as consumption of the refined opaque brew continues to soar.The plant, ...

by Staff reporter

Adrenalin wins top media, marketing and advertising awards

20 February 2015 | 1501 Views
Adrenalin Advertising and Design has received both the Media Company of the Year Award and the Marketing and Advertising Company of the Year Award from the Zimbabwe Business Awards Council.Ea...

by Business Reporter

Makamba calls off Telecel-Brainworks deal

20 February 2015 | 2894 Views
Empowerment Corporation Private Limited shareholders have buried the hatchet with company chairperson James Makamba calling off a Friday extra ordinary general meeting and subsequent deal to sell ...

by Staff reporter

Delta to invest in new Chibuku plant

20 February 2015 | 1384 Views
Delta Corporation will spend about $17 million on setting up a new Chibuku Super plant at Fairbridge in Bulawayo, as the group moves to keep pace with growing demand. The country's biggest bev...

by Staff reporter

Mushayakarara buried

19 February 2015 | 2912 Views
A former senior civil servant, banker, economist and business executive, Mr Elisha Mushayakarara, who succumbed to cancer of the colon, has been buried at Greendale cemetery in Harare this Thursday af...

by Staff reporter

Zimbabwe's ATMs allow cardless transactions

19 February 2015 | 4825 Views
Zimbabwe's Econet Wireless has switched on airtime purchases and cardless mobile money transactions on automated teller machines (ATMs) owned by Steward Bank, which it controls, ...

by Fin24

Employee engagement crucial for business success - DHL

19 February 2015 | 1620 Views
Effective employee engagement policies and management can drive innovation CAPE-TOWN, South-Africa - Employee engagement has emerged as a crit...

by APO

Meikles fights ZSE suspension

19 February 2015 | 1548 Views
Meikles Limited has made an urgent chamber application at the High Court to challenge the Zimbabwe Stock Exchange's decision to suspend it from trading on the bourse. The conglomerate was susp...

by Staff reporter

GMB fails to pay workers for half a year

18 February 2015 | 2139 Views
Employees at the embattled Grain Marketing Board (GMB) on Wednesday blocked the company's head demanding their outstanding six months salaries."We are not striking but simply demanding what we...

by Staff Reporter

HR investment on the strategic agenda for African business

18 February 2015 | 912 Views
African businesses are taking the imperative of strategic human resources (HR) management seriously as they begin to compete on the global stage as well as strive to address growing regulatory and leg...

by Gerhard Hartman

More woes for Chanakira

18 February 2015 | 7130 Views
Kingdom Bank Africa Limited (KBAL) owned by prominent businessman Nigel Chanakira has been placed under curatorship in Botswana.The offshore outfit is said to be teetering on the brink of coll...

by Staff reporter

Keys Communications introduces its successful Township Wall Media to the rest of Africa, from Zimbabwe

18 February 2015 | 1975 Views
HARARE - After over 5 years of leadership in the township wall advertising industry throughout South Africa, township media specialists, Keys Communicati...

by APO

70% of Zimbabweans shun banks - research

18 February 2015 | 2739 Views
AN estimated 70 percent of the country's population prefers keeping its money under "pillows and mattresses despite the increase in financial inclusion mainly driven by mobile money platform, the Fin...

by Staff reporter

Four-step plan to revive Bulawayo industries

17 February 2015 | 2894 Views
INDUSTRIALISTS in Bulawayo have identified four strategic intervention areas that require urgent government attention and financing to guarantee the successful revival of industries and job creation....

by Prosper Ndlovu

Telecel war: Judge suspends sale

17 February 2015 | 1916 Views
The Extraordinary General Meeting to sanction the sale of Empowerment Corporation (Private) Limited's 40 percent stake in Telecel Zimbabwe (Private) Limited will not go ahead as planned until the Hig...

by Fidelis Munyoro

ZSE's integrity under spotlight

17 February 2015 | 1133 Views
The Zimbabwe Stock Exchange yesterday temporarily suspended trading of Meikles Africa shares over the way they accounted for the Reserve Bank of Zimbabwe debt, but failed to give the company formal co...

by Staff reporter

Former ZB Financial Holdings CEO dies

16 February 2015 | 5611 Views
TOP banker, Elisha Nyikadzino Mushayakarara has died, Business Daily reported.He was born on 8 April 1943.  ...

by Staff reporter

Zimbabwe relaxes foreign remittances controls

16 February 2015 | 4585 Views
The Reserve Bank of Zimbabwe (RBZ) is set to introduce relaxed controls on international remittances by April this year, as part of its measures to boost inflows and ease liquidity constraints....

by Staff reporter

Emirates Connects the World to the ICC Cricket World Cup 2015

16 February 2015 | 1276 Views
HARARE - Emirates Airline has launched a celebration of cricket with fans the world over, as the national teams from 14 countries commence their journey to compete for the glory and the title of worl...

by Staff Reporter

'$5 compensation for Zimdollar accounts a howler,' says CZI boss

13 February 2015 | 4499 Views
The move by the Reserve Bank of Zimbabwe to demonetise the Zimbabwe dollar balances by alloting genuine account holders $5 per account is a faux pas, Confederation of Zimbabwe Industries (CZI) pr...

by Tawanda Musarurwa

No direct budgetary support to Zimbabwe says EU

13 February 2015 | 2401 Views
Relations between Zimbabwe and the European Union may well be on the mend but the bloc will not consider assisting Zimbabwe with direct budgetary support at least until 2017, EU ambassador to Zimbabwe...

by Staff Reports

Second-hand cars importers fleeced

13 February 2015 | 8844 Views
Zimbabweans importing mostly second-hand cars from Japan and other countries are being systematically ripped off of their hard-earned money through payment of duty that requires kickbacks at the count...

by Staff Reporter

Phillip Chiyangwa wades into Telecel shares saga

13 February 2015 | 3227 Views
Flamboyant Harare businessman Phillip Chiyangwa has said 60 percent of shares in Telecel Zimbabwe Private Limited owned by Amsterdam based Vimpelcom, must be sold to local Zimbabwean. In a let...

by Staff Reporter

Calls for Parliament to audit RBZ

13 February 2015 | 1506 Views
The Zimbabwe Coalition on Debt and Development (Zimcodd) has called for the setting-up of a Public Debt Commission to conduct an official public debt audit before any debt relief mechanism can be con...

by Business Reporter

Two RBZ subsidiaries to resume operations

13 February 2015 | 2166 Views
TWO Reserve Bank of Zimbabwe (RBZ) subsidiaries, Export Credit Guarantee Corporation's (ECGC) and Aurex Private Limited, will resume operations soon, central bank governor John Mangudya has said....

by Business Reporter

RBZ, Potraz seek clarity on EcoCash

12 February 2015 | 4004 Views
The Competitions and Tariff Commission (CTC) has held talks with the Reserve Bank of Zimbabwe seeking clarity on Econet's mobile money business, which has been the subject of an investigation in recen...

by Staff reporter

UK's private sector seeks investment in Zimbabwe

11 February 2015 | 2223 Views
A private investor delegation privately sponsored by Invest Africa arrives in Harare to seek investment opportunities.A United Kingdom (UK) Private Sector led International Investor Delegation...

by PRN Africa

RBZ Boss urges price cuts instead off wage increases

11 February 2015 | 2406 Views
Zimbabwe's central bank on Wednesday urged companies to reduce the prices of their products and services, saying salary hikes being called for by workers would "choke the economy"."I am convin...

by AFP

'Zimbabwe not experiencing deflation'

11 February 2015 | 2007 Views
Zimbabwe is not experiencing deflation but disinflation, with the sustained reduction in inflation due to price correction in the market, the Reserve Bank of Zimbabwe (RBZ) said Wednesday. RBZ...

by Cihan/Xinhua

Econet launches Dial-a Doctor service

11 February 2015 | 2282 Views
Econet Wireless, through its Eco Health arm, today launched the Dial-a-Doctor service meant to bridge the gap in access to medical services in Zimbabwe.The service enables subscribers to talk...

by Rumbidzayi Zinyuke

RBZ to pay $5 for Zimdollar accounts

11 February 2015 | 4795 Views
The Reserve Bank of Zimbabwe will pay out $5 for every Zimbabwe Dollar account as compensation for account holders that lost their money in 2008 with the introduction of the multi-currency regime....

by Rumbidzayi Zinyuke

'Interbank market now operational,' says RBZ

11 February 2015 | 1267 Views
Local banks' ability to extend liquidity reprieve to each other has been enhanced following the full operationalisation of the interbank market.Besides ensuring stability of the financial sect...

by Tawanda Musarurwa

Reserve Bank of Zimbabwe unveils its monetary policy

11 February 2015 | 4167 Views
The Reserve Bank of Zimbabwe has unveiled a monetary policy 2015.Below is the full presentation. ...

by RBZ

Careers website receives over one million monthly visitors

11 February 2015 | 2964 Views
HARARE - Emirates Group, comprising Emirates airline and dnata, plans to hire over 11,000 new staff in the coming year across its business, in line with its projected growth across six continents....

by Staff Reporter
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