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Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44595 | by Staff reporter
CBZ opens Johannesburg office
CBZ Bank Limited, a wholly-owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH), has opened a new office in Sandton, Johannesburg, South Africa.CBZH prov...Published: 12 Feb 2024 at 13:53hrs | 2 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | | by Staff reporter
Telling my Access Finance story
FOLLOWING a recent public announcement by Access Finance Group, a local remittance and financial services company, that its chief executive Singathini Raymond Chigogwana is retiring and would be repla...Published: 05 Oct 2023 at 15:07hrs | 8 | by Senziwani Sikhosana
CBZ close to ZB takeover
CBZ Holdings Limited (CBZHL) is on the verge of acquiring a controlling stake in ZB Financial Holdings Limited (ZBFHL) as part of its strategy to become a significant player in the financial services ...Published: 14 Sep 2023 at 06:34hrs | 10 | by Staff reporter
Meet Jito Kayumba: Africa's rising star
Africa has several talented and highly skilled young people who are energetic and poised towards rewriting the continent's narrative.Jito Kayumba is one of the continent's shooting stars who h...Published: 01 Apr 2023 at 13:18hrs | 25 | by Nicholas Ncube
Fearless editor who first exposed the Gukurahundi killings
While there were a few local Zimbabwean journalists writing for periodicals and foreign correspondents like Peter Godwin for the Sunday Times (UK) and some filing for...Published: 04 Feb 2023 at 20:11hrs | 10 | by Stephen Bates
Investors to get Zimbabwean citizenship
Deserving investors will be granted citizenship as part of Government efforts to increase investment, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has said.The S...Published: 04 Nov 2022 at 05:27hrs | | by Staff reporter
Push for new route to the sea
IN a short four years, President Mnangagwa and his team have ushered in and carried out breathtaking reforms in our national economic management. He is scoring successes in all the fundamental...Published: 01 Aug 2022 at 06:33hrs | | by Monica Mutsvangwa
Open letter to Mr Mnangagwa
I AM a politician, but I am not writing this letter to you in that capacity.I am writing to you as a young woman, as a citizen and as part of a generation to whom a debt is due. When we were y...Published: 23 Jul 2022 at 07:29hrs | | by Fadzayi Mahere
Innscor fined US$9m, ordered to divest from Probrands
THE Competition and Tariff Commission (CTC) imposed a fine of US$9,1 million on Innscor Africa Limited (Innscor) for consummating the merger of one of its subsidiaries without the Commission's approva...Published: 26 Jun 2022 at 12:26hrs | 9 | by Staff reporter
African Mining Sector Set for Strong Growth in 2022
Johannesburg - 16 May 2022 - With mining companies currently enjoying high prices, exceptional production performance and robust supply chains, the mining team from Stanbic Bank's parent company, Stan...Published: 16 May 2022 at 11:52hrs | 11 | by Mark Buncombe, Head of Mining and Metals at Standard Bank Group
'Mnangagwa's radical policy shift blew away US$500m potential revenue'
RADICAL policy shifts a year into President Emmerson Mnangagwa's administration have wiped a staggering US$500 million in potential investments out of Zimbabwe, new data predicting an escalation of he...Published: 16 Feb 2022 at 05:35hrs | 7 | by Staff reporter
Campbell Musiwa: Chartered Accountant par excellence
Mr Campbell Musiwa holds a Bachelor of Accountancy Degree obtained from the University of Zimbabwe as well as a Masters in Business Leadership Degree from the University of South Africa.He qua...Published: 28 Nov 2021 at 07:44hrs | 6 | by Staff reporter
Zimbabwean banker in failed West Ham bid
A LONDON-BASED Zimbabwean investment banker was part of a failed bid by a high-powered consortium, which wanted to take over high-flying English Premiership club West Ham United, in a deal worth about...Published: 03 Nov 2021 at 05:20hrs | 1 | by Staff reporter
Fresh push for banks to pay interest
GOVERNMENT says it is scaling up confidence-building measures to boost deposits into the country's banking sector.Giving a keynote address during last night's 22nd edition of the Banks and Ban...Published: 22 Oct 2021 at 19:12hrs | | by Staff reporter
Biti claims that proposed bank mergers illegal
FORMER Finance minister Tendai Biti, who is also a former chairperson of the National Assembly's Public Accounts Committee, said the proposed mergers of financial institutions involving government ent...Published: 18 Sep 2021 at 19:34hrs | | by Staff reporter
Govt mulls merger of six banks into three entities
A PROPOSAL to merge six financial institutions into three big ones is being considered by the Zimbabwean government, in a different consolidation process from the CBZ Holdings, ZB Financial Holdings, ...Published: 10 Sep 2021 at 18:53hrs | 4 | by Staff reporter
Security - Why it Matters for Due Diligence - use a data room
After the stock market crashed in 1929, a new law was formed. The Securities Act of 1933 sought to help investors make more inf...Published: 28 Apr 2021 at 05:53hrs | 3 | by Staff writer
Kuvimba: How to hide a mining giant in plain sight
A year ago, Kuvimba Mining House did not exist. now it could be the country's biggest gold producer.How? The answer shows how transparency is still not a thing for Zimbabwean authorities....Published: 10 Jan 2021 at 08:10hrs | 21 | by Staff reporter
ZSE eyes more listings on VFEX
THE Zimbabwe Stock Exchange (ZSE) says its newly-launched Victoria Falls Stock Exchange (VFEX) has generated interest from both local and foreign companies and it is working at securing more listings ...Published: 16 Dec 2020 at 07:07hrs | | by Staff reporter
Share swap exposes Tagwirei's vast web
A transaction in which the National Social Security Authority (NSSA) disposed of its 37,79% ZB Financial Holdings (ZBFH) shareholding was a swap deal that saw the authority clinching CBZ shares worth ...Published: 04 Dec 2020 at 07:27hrs | 10 | by Staff reporter
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 11 Oct 2020 at 10:00hrs | | by Victor Bhoroma
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 10 Oct 2020 at 12:04hrs | 1 | by Victor Bhoroma
Steward Bank launches new product to support agriculture
Steward Bank has partnered with businesses under parent company Cassava Smartech Zimbabwe to launch AgroFuture, a new agribusiness product that is set to improve agricultural production in the country...Published: 01 Oct 2020 at 10:02hrs | 3 | by Agencies
Mnangagwa's latest bid to arrest price distortions
THE National Competitiveness Commission (NCC) is currently engaging manufacturers and producers countrywide to establish pricing formulae , a strategy meant to arrest the current distortions on cost o...Published: 25 Aug 2019 at 08:41hrs | | by Staff reporter
The DA - MDC unholy Alliance
South Africa goes to elections next month at a time when the ruling African National Congress (ANC) is under siege for taking a decision to redistribute land. President Cyril Ramaphosa has bee...Published: 29 Apr 2019 at 06:54hrs | | by Isdore Guvamombe
Govt releases another RTGS$50m for cyclone response
The government has released another RTGS$50 million towards the resuscitation of infrastructure and humanitarian assistance to victims of Cyclone Idai.This brings to RTGS$100 million the money...Published: 27 Mar 2019 at 19:30hrs | | by Staff Reporter
Mnangagwa bullish on TelOne future prospects
The professionalism of TelOne's management, including their determined push to turnaround the State-owned enterprise (SOE), will likely be a drawcard for reputable technical partners or suitors, Presi...Published: 17 Mar 2019 at 08:30hrs | 7 | by Staff rpeorter
Chamisa gets support from DA to attack Zimbabwe?
The events of the last weeks have been knee shacking and deeply depressing. The peaceful demonstrations in Zimbabwe were hijacked by the regime change financiers. The onslaught Zimbabwe received from ...Published: 07 Feb 2019 at 12:26hrs | 1 | by Dr Masimba Mavaza
Public funds unaccounted for in post-coup ministry mergers
The merger or demerger of government ministries after recent changes of government has made it difficult to account for assets and public funds, Auditor General Mildred Chiri has said.Merging ...Published: 17 Nov 2018 at 13:29hrs | | by Staff reporter
Air Zimbabwe - ZimAirways merger talks collapse
MERGER talks between flag carrier Air Zimbabwe (AirZim) and the dodgy Zimbabwe Airways (ZimAirways) to create a merged state-run airline have collapsed after a nominee shareholder demanded to be paid ...Published: 16 Nov 2018 at 07:01hrs | | by Staff reporter
Mnangagwa's govt unveils parastatal reform strategy
Government has rolled out detailed plans for the restructuring of State-owned Enterprises (SOEs), with 41 entities lined-up for privatisation, departmentalisation and listing on the Zimbabwe Stock Exc...Published: 13 Nov 2018 at 05:42hrs | 7 | by Staff reporter
Who's who in Zimbabwe’s cutthroat fuel sector
SIX major oil-importing entities, including the Indigenous Petroleum Association of Zimbabwe (Ipaz), Zuva Petroleum, Puma Energy, Total Zimbabwe, Petrotrade (Pvt) Ltd and Engen Petroleum Zimbawe, are...Published: 09 Nov 2018 at 18:06hrs | 2 | by Staff reporter
Mthuli Ncube in tax climbdown
FINANCE Minister Mthuli Ncube yesterday unveiled several exemptions to the tax on monetary transfers saying the 2 cents per dollar tax will only apply to transactions of $10 and above while intra-comp...Published: 06 Oct 2018 at 09:04hrs | | by Staff reporter
Air Zimbabwe to secure technical partner
Cabinet is expected to make a major pronouncement on Air Zimbabwe, amid indications that an inter-ministerial task-force put together to find a lasting solution to the problems dogging the national fl...Published: 13 Jul 2018 at 07:17hrs | | by Staff reporter
'Khupe snubbed Mujuru coalition proposal'
PEOPLE'S Rainbow Coalition presidential candidate Joice Mujuru has disclosed that MDC-T presidential candidate Thokozani Khupe snubbed her proposal for a coalition ahead of the July 30 polls.T...Published: 07 Jul 2018 at 09:22hrs | | by Staff reporter
Khupe snubbed coalition proposal, says Mujuru
PEOPLE'S Rainbow Coalition presidential candidate Joice Mujuru has disclosed that MDC-T presidential candidate Thokozani Khupe snubbed her proposal for a coalition ahead of the July 30 polls.T...Published: 07 Jul 2018 at 08:56hrs | | by Staff Reporter
Zimbabwe law firm joins DLA Piper Africa
DLA Piper Africa has announced that leading Zimbabwean law firm, Manokore Attorneys, is joining as the member firm in Zimbabwe.Manokore Attorneys is a full-service business law firm with stren...Published: 19 Jun 2018 at 14:45hrs | 2 | by Agencies
Government restructures Zesa
GOVERNMENT will not appoint new boards for Zesa subsidiaries after the expiry of their terms today (June 11, 2018) in line with reforms taking place in State-owned enterprises and parastatals, a Cabin...Published: 11 Jun 2018 at 06:59hrs | | by Staff Reporter
Zimbabwe needs policies which build Trust and attract FDI
Foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. Generally, FDI takes place when an investor establishes...Published: 25 Apr 2018 at 14:50hrs | 2 | by Enos Denhere
Civil Aviation Amendment Bill faces rejection by MPs
LEGISLATORS have threatened to reject the Civil Aviation Amendment Bill demanding that Transport minister Joram Gumbo should first attend to the decaying infrastructure at the country's airports to gu...Published: 19 Apr 2018 at 07:16hrs | | by Staff reporter
Prominent lawyer dies in car crash, mystery surrounds accident
MYSTERY surrounds the circumstances leading to the fatal accident that claimed the life of prominent Harare lawyer, Edmore Jori in the early hours of Saturday.The accident is understood to hav...Published: 04 Dec 2017 at 15:02hrs | 22 | by Staff reporter
Possible political scenarios for 2018 elections
As we fast approach next year's crucial elections, political analysts are already working on possible scenarios that might emerge before, during and after the plebiscite.While it is difficult ...Published: 08 Oct 2017 at 15:45hrs | | by Staff reporter
Political apathy a disease that needs curing
I was lucky to be among 23 student leaders who got scholarships to come and study in the Netherlands after having been expelled from Great Zimbabwe University and banned from attending any other state...Published: 21 Feb 2017 at 21:47hrs | | by Whitlaw Mugwiji
Lets have a coalition of unlike forces
Welcome to the age of all you can eat cafeteria politics. No longer are we restricted to a set menu. No longer are we restricted to things that pair and complement each other, we can now consume i...Published: 08 Feb 2017 at 12:10hrs | | by Dr Brian Sedze
Government starts laying off workers
Government has begun restructuring the civil service on a large scale, with several ministries directed to shed thousands of posts immediately. A manpower survey is also underway to determine the skil...Published: 11 Sep 2016 at 09:21hrs | | by Lincoln Towindo
The ANC and the crisis of democracy in Africa
Since its formation as an African party, not just a South African liberation movement in 1912, the African National Congress has had its slogan as "Amandla!" which is a determined cry for power. T...Published: 07 Aug 2016 at 10:33hrs | | by Cetshwayo Zindabazezwe Mabhena
South African lender Nedbank expands its footprint in Zimbabwe
South African lender Nedbank is expanding its footprint in Zimbabwe, despite the economic turbulence, which the company is sizing up to determine if it can avail more funding facilities for on-lending...Published: 11 Nov 2015 at 21:29hrs | | by Tawanda Karombo
Innscor's Simbisa Brands plans to list
Fast-food group Innscor Africa will separately list its restaurants unit on November 6, allowing it to pursue mergers and acquisitions of companies operating similar businesses, the company said on Mo...Published: 12 Oct 2015 at 16:12hrs | | by Reuters
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