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Business

German investors bank on political certainty

German Chamber of Commerce and Industry (SAGCC) says it will decide on leading a business delegation after a clear political direction in the country following the disputed July 30 elections. BY FIDELITY MHLANGA The chamber’s regional co-ordinator in Southern Africa, Lea Heidemann, told NewsDay that the country’s past wrongs were …

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ZTA reassures tourists

The Zimbabwe Tourism Authority (ZTA) says the country still remains a safe tourism destination despite protests that engulfed Harare’s central business district recently. By Freeman Makopa In a statement yesterday, authorities said the situation had stabilised. “ZTA would like to inform all valued tourists from both the domestic and international …

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Decommissioning of coal plants economic

The global energy landscape is changing rapidly towards the use of environmentally sustainable and affordable energy technologies. South Africa must adapt to this new 21st century environment, acknowledging the need to include a carefully planned transition to smooth the impact, however also ensuring the survival of the planet for generations …

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Zimplow targets share buyback

Enacy Mapakame Business Reporter LISTED agriculture implements manufacturer, Zimplow Holdings, is seeking shareholder approval to buy back 20 percent of the company’s issued ordinary shares to enhance returns for its shareholders. The share buyback would also enhance shareholder welfare, help reduce cost of capital, enhance earnings per share and the …

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NSSA ups stake in RTG

Golden Sibanda Senior Business Reporter The National Social Security Authority (NSSA), says it has increased its shareholding in hotelier, Rainbow Tourism Group (RTG), from 60 percent to 67 percent, enabling the group’s management to have clear control and direction. NSSA acting chairperson Daphne Tomana, said that the State pensions authority …

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Committee to correct chrome pricing issues

Ishemunyoro Chingwere Business Reporter THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has formed a chrome ore pricing committee that will be tasked with setting up minimum floor prices for all chrome exports. The move is in line with Government’s call to maximise returns on the country’s rich mineral deposits some …

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ZITF manager resigns

Dumisani Nsingo Bulawayo Bureau Zimbabwe International Trade Fair (ZITF) Company general manager Mrs Nomathemba Ndlovu has officially quit her post. ZITF Company board chairperson Ms Ruth Ncube, confirmed that Mrs Ndlovu who was serving a three months notice following her voluntary resignation in June, had severed ties with the country’s …

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ED’s key priorities

Africa Moyo Business Reporter President Mnangagwa, who swept to victory in last week’s historic harmonised elections, has the immediate task of turning around the economy particularly ensuring the availability of cash and pressing ahead with the re-engagement process. Challenges of cash shortages have hit the country since May 2016 and …

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Inputs distribution in full swing

Business Reporter The agricultural inputs distribution programme for this year is in full swing as Government moves to ensure that farmers receive necessary support on time for a successful farming season. Already, thousands of rural households in various districts have received input packages of cotton and maize under the Presidential …

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Business slams post-poll violence

ZIMBABWE’s business leaders have slammed violence that erupted in Harare’s central business district (CBD) on Wednesday, saying it was not good for business growth. By FIDELITY MHLANGA This came after the army shot and killed six people, injuring several others after protesters alleged electoral fraud by Zimbabwe Electoral Commission (Zec) …

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