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Parly seeks industry revival

Africa Moyo Senior Business ReporterThe Parliamentary Portfolio Committee on Industry and Commerce has begun visiting the country’s manufacturing sector to appreciate the challenges it contends with, so as to prod Government to intervene with matching solutions. This was said by the Portfolio Committee’s chairperson Mr Joshua Sacco in an interview …

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Zim outpaces peers

Golden Sibanda Senior Business ReporterZimbabwe registered faster economic growth in 2018 compared to the average growth for the rest of Sub-Saharan Africa, despite battling a myriad of challenges besetting the economy, chief among them critical shortage of foreign currency. The domestic economy is expected to have grown by 4 percent …

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Horticulture exports rise

Princess Ncube Business ReporterThe country’s horticultural exports recorded significant growth in 2018 after more than $112 million worth of produce was exported, up from $50,9 million exported in 2017. According to Zimstat statistics provided by ZimTrade, the jump in horticulture exports was driven in part by the supply of produce …

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Firm rolls out ICT-based fuel calibrator

Ishemunyoro Chingwere Business Reporter A FUEL solutions company, Garage and Forecourt (Pvt) Ltd, is rolling a first of its kind 3D Laser Scan machine that uses state-of-the-art technology to calibrate and re-calibrate fuel tanks at a time local stations have been relying on manual methods. Calibration and re-calibration is an …

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FirstRand Bank joins Nedbank in exodus

for completion in 2023 and 2024. The IRP is due to be presented to the cabinet for final approval in February 2019, according to the South Africa minister of energy, Hon Jeff Radebe. The 557 MW Thabametsi project and 306 MW Khanyisa project were announced as the successful bidders in …

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Govt cautious as fuel supply stabilises

Golden Sibanda Senior Business Reporter Energy and Power Development Minister Joram Gumbo says Government remains cautiously optimistic that the fuel situation in the country has stabilised on the back of improved availability and shorter queues at the majority of fuel stations. Zimbabwe experienced acute fuel shortages towards the end of …

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New NSSA board appointed

Enacy Mapakame Business Reporter Public Service, Labour and Social Welfare Minister Dr Sekai Nzenza, has appointed a new board for National Social Security Authority (NSSA) following dissolution of the previous board last October after expiry of its tenure. NSSA has been criticised for abusing workers’ retirement savings by making poor …

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Gold deliveries target up

Ishemunyoro Chingwere Business Reporter Government has set a target of 40 tonnes of gold deliveries to Fidelity Printers this year up from the 33,2 tonnes gold miners delivered last year as it angles to reach a peak of 100 tonnes annual output by 2023, according to Mines and Mining Development …

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‘Audit to ascertain govt’s debt underway’

BY FIDELITY MHLANGA/RUTENDO MATANHIKE FINANCE secretary George Guvamatanga says Treasury is undertaking an audit to ascertain government’s debt. Guvamatanga made the disclosure yesterday when he appeared before Parliament’s Public Accounts Committee (PAC), which sought an explanation as to why the Finance ministry had not gazetted loans contracted by government. He …

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