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Business

The burden of compliance on SMEs

Dr Sanderson Abel SMEs and informal businesses in Zimbabwe today are facing numerous barriers to formalisation and growth. There are so many hurdles that are inhibiting the formalisation of small businesses that entrepreneurs end up giving up on efforts to formalise. Mostly the challenges emanate from the huge costs and …

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GMAZ pays $160m for 2018 command maize, wheat

Michael Tome Herald Correspondent The Grain Millers Association of Zimbabwe (GMAZ), has paid $160 million to Government towards the purchase of 2018 maize and wheat grown under Command Agriculture in a bid to ensure farmers are paid on time. GMAZ says prompt payments will help boost confidence in the agriculture …

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Vast, Botswana firm team up for Zim diamonds

LONDON. — Vast Resources PLC has signed a Memorandum of Understanding with Botswana Diamonds PLC to investigate diamond opportunities together in Zimbabwe. Under the terms of the MoU the two companies have agreed to exchange information derived from past exploration on areas prospective for diamonds in Zimbabwe and to form …

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Incandescent lights give Zera headache

BY MTHANDAZO NYONI The government, through Statutory Instrument (SI) 21 of 2017, banned the use of inefficient lighting products and labelling, including the import, wholesale and retail of incandescent or filament bulbs. Anyone found using or distributing incandescent bulbs or ordinary filament lamps, faces an imprisonment term of up to …

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Stanbic Zim unveils special financing for exporters

Stanbic Bank Zimbabwe (Stanbic) on Monday unveiled a special facility under which it will provide financing to struggling companies involved in the export business to meet their capital needs. Under the initiative, the financial assistance would provide over 60 percent of the capital needs of the businesses. The facility would …

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Gloomy outlook for Zim workers

BY FIDELITY MHLANGA Labour body, Zimbabwe Congress of Trade Unions (ZCTU) and analysts said the skyrocketing cost of living has dwarfed the remuneration being offered. ZCTU president, Peter Mutasa said workers feel betrayed that their sorrows still continue even in the new dispensation. “The majority of workers feel betrayed; they …

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Role of data in accelerating agricultural transformation

By CHARLES DHEWA Data as instruments of culture change Traditional top down extension approaches are being challenged as mobile technology democratises knowledge. Many farmers, who used to depend entirely on extension officers, are now able to gather data, seek, sense and share knowledge. While there are many cases where the …

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Tobacco farmers earn $164 million

Livingstone Marufu Business Reporter Tobacco farmers have received $163,8 million after delivering 58,3 million kg to the floors during the first 25 days of the 2018 tobacco marketing season giving them a price rise of 3,6 percent. In 2017, farmers had delivered 58,5 million kg worth $159 million the same …

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Schweppes unit eyes jump in output

BY MTHANDAZO NYONI Schweppes Zimbabwe’s marketing and public affairs director, Unaiswi Nleya-Nyikadzino told NewsDay in an interview that the figures were, however, dependent on fruit supplies from the farms. “In 2017 we received 15 000 tonnes of fruit, so that’s what we processed. Our target was obviously much higher than …

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Serious work to revive NRZ begins

Africa Moyo Business Reporter SERIOUS work to revive the National Railways of Zimbabwe is set to start in the near future amid indications that all outstanding legal issues to the $400 million recapitalisation deal are to be sealed by end of next month. The Diaspora Infrastructure Development Group (DIDG) and …

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