Investment conference on cards

Enacy Mapakame Business Reporter Consolidated Africa Services (CAS) will next month host the second ZIMDABA Business Platform and Investment Conference in London as part of efforts to market Zimbabwe to the world and attract investment into the country. The conference is expected to present a platform for honest and open …

Read More »

‘Currency floating brings stability’

Michael Tome Business Reporter The recent decision by the monetary authorities to float the currency and let the value be determined by market forces, has generated some form of stability, a renowned economist John Robertson has said. The Reserve Bank of Zimbabwe (RBZ) recently moved away from the fixed 1:1 …

Read More »

Makomo wins claims dispute

Ishemunyoro Chingwere Business Reporter The Mining Affairs Board has finally settled the acrimonious coal claims dispute between Makomo Resources and Zambezi Gas, delivering a ruling in favour of the former as the rightful owners of the coal infested land. Zambezi Gas had on September 19, 2018, written to the Mining …

Read More »

Schweppes Zimbabwe wins Sadc quality award

SCHWEPPES Zimbabwe Limited came first in the Southern African Development Community Annual Quality Awards (SAQA) – Large Enterprise category for the year 2018-2019. The SAQA competition is an initiation of the Sadc Committee of Ministers of Trade and Industry (CMT), which is meant to encourage Sadc businesses, private and public …

Read More »

Mining industry awards 80% salary increment

BY MTHANDAZO NYONI WORKERS in the mining industry have been awarded an 80% salary increment following collective bargaining negotiations which will see the lowest paid employee in the sector earning ZWL$468,58 per month. The workers will receive the new salary structure which back date to January 1, 2019. Before the …

Read More »

Chinese turn iconic Charter House into luxury hotel

Chinese multinational company Touchroad International says it will partner local property firm, Mashonaland Holdings Limited, in the development of a five-star hotel in Harare. Touchroad International Holdings chairman, He Liehui, told journalists after signing a memorandum of understanding (MoU) with Mashonaland Holdings that the project was expected to cost more …

Read More »

Economy looking positive but lacks stability: Robertson

BY TATIRA ZWINOIRA ECONOMIST John Robertson says Zimbabwe’s economic situation is beginning to look promising following the central bank’s decision to liberalise the foreign exchange market last month. Speaking at a meeting on the state of the economy organised by the British Council, Robertson said the recent monetary measures that …

Read More »

Customer centrism: Zinwa’s new thrust

THE Zimbabwe National Water Authority has declared the month of March as its Customer Service month. It is a month where the authority will appreciate its clients, who have been part of its journey since its formation. As part of the client service month, senior management from Zinwa will take …

Read More »

Rand weaker

South Africa’s rand was weaker yesterday before mining and manufacturing data releases later in the day which will give clues about the pace of economic recovery in Africa’s most industrialised economy. At 0715 GMT, the rand traded at 14,4650 versus the dollar, 0,4 percent weaker than its previous close. President …

Read More »

Gold loses ground

Gold fell yesterday as the dollar regained some ground and uncertainty over Brexit eased, but the metal held close to a two-week high hit in the previous session as tepid US inflation data cemented expectations that the Federal Reserve will hold rates. Spot gold was down 0,4 percent at $1,303.83 …

Read More »