Inadequate insurance coverage by policyholders

David Chituku The recent Monetary Policy Statement by the Reserve Bank Governor and the increase in prices in the market have led to speculative behaviour among most suppliers, resulting in an upsurge in property values. Motor vehicle owners and sellers have not been spared this trend. It is imperative that …

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New procurement law faces resistance

Most parastatals are not adhering to new public procurement procedures, with some resisting the changes meant to encourage transparency in the process, the regulatory authority has said. By Freeman Makopa Speaking at a breakfast meeting for the media in Harare yesterday, the Procurement Regulatory Authority of Zimbabwe (Praz) chief executive, …

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Banks health survey report out tomorrow

The Zimbabwe Independent will tomorrow release findings of its 2018 edition of the prestigious Banks and Banking Survey. By Kuda Chideme he survey, which was carried out under the theme Financial Inclusion: Banking the Unbanked, analyses key ratios, as well as the balance sheet size and profitability of all the …

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‘Engage local firms to save forex’

Enacy Mapakame Business Reporter Priority in public procurement tenders must be awarded to local companies ahead of foreign contractors to boost local industry as well as save foreign currency, according to Finance and Economic Development Permanent Secretary George Guvamatanga. He, however, said this should be done according to regulations governing …

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Anchor wage talks on 10pc inflation: RBZ

Africa Moyo recently in NYANGA The Reserve Bank of Zimbabwe (RBZ) says employers and labour unions should anchor any wage negotiations for next year on the projected 10 percent year-on-year inflation. This emerged during the 6th annual collective bargaining summit held in Nyanga last week organised by the Employers Confederation …

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Why ‘Blue Economy’ matters to Africa

In Kenya, the big economic talk is about something called “Blue Economy” conference that started in Nairobi yesterday. The term “Blue Economy” sounds exotic, elitist, and maybe romantic in part because so many foreign dignitaries will show up. Does it mean “blue colour jobs”, as TV commentator and former magistrate …

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Bulawayo luxury shoemaker withers in economic turmoil

ONE of the country’s leading shoe manufacturers, Millennium Footwear, has fallen on hard times. It manufactures shoes from exotic leathers, which include elephant, crocodile, ostrich, buffalo and giraffe skins. Company director Stuart Simali (SS) speaks to NewsDay (ND) business reporter, Mthandazo Nyoni. INTERVIEW: Mthandazo Nyoni Millenium Footwear employees going about …

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Parly urged to oversee govt spending

PARLIAMENT has to keep strict checks and balances on government expenditure to control the budget deficit, economists have advised. BY FIDELITY MHLANGA/TATIRA ZWINOIRA Last week, Finance minister Mthuli Ncube presented his maiden 2019 National Budget where he introduced a host of austerity measures to restore fiscal discipline. Since then, stakeholders …

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Mthuli’s budget: The good, bad and ugly

In September, while meeting fund managers in New York, Finance minister Mthuli Ncube said what the economy needed was a “big bang”, a shock to the system. A week later, he brought that big bang; on the advice of banks and industry, he separated United States dollar accounts from local …

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Simbisa shelves LSE listing plans

Enacy Mapakame Business Reporter Quick service restaurant (QSR) group, Simbisa Brands Limited’s plans for a secondary listing on the London Stock Exchange have been put on hold as the market is currently not conducive for the transaction. The company will now focus on growing its business before implementation of the …

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