JSE to tighten disclosure for debt issuers

JOHANNESBURG — Africa’s biggest securities exchange, the JSE Ltd (JSEJ.J) is crafting tighter disclosure rules for companies with listed debt instruments, combined with a greater focus on corporate governance to increase transparency. South African state-owned companies, which are some of the biggest debt issuers, are overhauling their corporate governance after …

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Funding to tackle energy, water inefficiency in industry

Climate Story Jeffrey Gogo International funding of more than $250,000 is to go towards capacitating and training Zimbabwean companies to improve their energy and water use efficiency, Business Council for Sustainable Development Zimbabwe (BCSDZ) executive director, Tawanda Muzamwese has said. The money, which comes in the form of technological support, …

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Firm commissions laser cutting machine

Munashe Matambo Business Reporter BLADES manufacturing firm, Sawpower Blades Limited, has commissioned a state-of-the-art Bystronic CNC Fibre laser machine, the first of its kind in Zimbabwe. According to Sawpower, the Bystronic CNC Fiber Machine was recently imported from Switzerland at a cost of 220 000 Euros. The machine uses two …

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ChiNT heads to Zim for Gwanda solar

A HIGH-powered delegation from Chinese electrical engineering giant, CHiNT Electric, is expected in Harare this week for high level discussions with Government and Zesa aimed at unlocking funding for the 100-megawatt Gwanda solar project. This comes as it emerged that President Mnangagwa’s recent State visit to China, his first outbound …

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Fidelity posts $1,3m loss on asset write-offs

BY FIDELITY MHLANGA The loss comes despite a 7% increase in the group’s total revenue to $55,9 million from $52,4 million recorded in 2016. “As part of the response to the results of the forensic audit highlighted in my report last year, the loss after tax for the year ended …

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Informal sector calls for legal framework adjustments

BY TAFADZWA MUTACHA Speaking at a policy dialogue organised by the Washington based Centre for International Private Enterprise (CIPE), ZCIEE secretary general, Wisborn Malaya said vendors were being kicked out of the central business district and dumped in areas where there is no business. “We are calling upon all stakeholders …

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CZI seeks nod to trade forex

BY MTHANDAZO NYONI Addressing delegates at the Zimbabwe International Trade Fair International Business Conference held recently in Bulawayo, CZI president, Sifelani Jabangwe said premiums charged on foreign currency were not sustainable. “The last quarter of 2017 was most painful for businesses and a lot of businesses were actually considering closing …

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ZimTrade urges firms to utilise RBZ facilities

BY MTHANDAZO NYONI RBZ has provided a number of export finance facilities through selected local banks in a bid to increase local production and encourage the growth of exports. The funding facilities include, value addition, horticulture, cross border and the business linkages facilities. It is envisaged that the facilities, which …

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Business on drive to attract FDI

The business community has embarked on drive to complement government’s efforts towards attracting foreign direct investment (FDI) inflows to facilitate a full swing recovery of the economy. The private sector is impressed with the new government’s policies that have so far attracted FDIs worth $11 billion. It emerged at the …

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Downward review of bank charges loom

The central bank will in the next few days meet bankers over a possible downward review of bank charges to boost savings and deposits within the economy at a time when hard cash constraints are negatively affecting day-to-day operations of industry and households. The Reserve Bank of Zimbabwe (RBZ) governor, …

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