Old Mutual reports earnings growth

Old Mutual Plc posted an 8 percent growth in headline earnings for the year to December 31, 2018. Headline earnings for the 12-month period under review rose to R14,2 billion from R13,1 billion in the prior year. In a statement accompanying the results, group chief executive officer Peter Moyo expressed …

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Zim eases grip on new currency in bid to end dollar squeeze

Bloomberg/Business Reporter For investors who doubted Zimbabwe would let market forces determine the price of its new currency, there’s evidence it’s doing just that. The southern African nation’s central bank has allowed the currency, known as RTGS, to slide to 2,6481 per dollar this week, taking its depreciation since trading …

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Gold deliveries up 30 percent

Ishemunyoro Chingwere Business Reporter GOLD deliveries to Fidelity Printers and Refineries (FPR) have recorded a 30 percent increase for the months of January and February this year compared to the same period last year, an early indication that the 40 tonnes annual target set by Government could be achieved. Government …

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Tobacco to boost foreign currency inflows

Kudakwashe Mhundwa Business Reporter Zimbabwe’s 2019 tobacco marketing season commences on Wednesday next week according to the Tobacco Industry and Marketing Board (TIMB) amid high expectations the golden leaf will boost foreign currency inflows. Traditionally, the marketing season kicks off in February, but was delayed this year due to late …

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ICT infrastructure key to vision 2030

Africa Moyo in BEITBRIDGE THE setting up and deployment of information communication technology infrastructure is critical to the attainment of President Mnangagwa’s vision of an upper middle income economy by 2030. This was said here yesterday by Information Communication Technology and Courier Services Minister Kazembe Kazembe during the official commissioning …

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ED sued over RTGS currency

BY CHARLES LAITON Harare businessman and University of Zimbabwe (UZ) lecturer, Shakespear Hamauswa, has petitioned the High Court seeking a court order to declare unconstitutional the Presidential (Temporary Measures) Act, which President Emmerson Mnangagwa evoked as legal basis to introduce the RTGS$. Hamauswa also said he was seeking another court …

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EMA, partners in Green Schools competition

The Environmental Management Agency has entered into partnership with Action 24, UNICEF, and Mukuvisi Woodlands in conducting the Green Schools projects competition. This is in line with EMA key core values of inclusivity in environmental management. Environmental concerns are rising and the education system is the key constituency which needs …

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Law on termination of employment contract

In a Herald article published on February 27, 2019, we discussed labour rights with a specific focus on the contract of employment and what a legally sound contract should contain. To continue this conversation, we shall take a look at the function of labour law upon termination and suspension of …

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Zimnat conducts Know Your Client campaign

Zimnat, is in an effort to serve its clients better, it is running a customer data collection campaign. The objective of the campaign is to update customer information. Zimnat sees the importance of a business not only knowing its customers well, but understanding their needs throughout the business life-cycle. Updated …

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3 000 youths benefit from YEP

Michael Tome Business Reporter Nearly 3 000 youths have so far undergone training under the Youth Entrepreneurship Programme (YEP), an initiative co-sponsored by CBZ Bank and designed to equip young people with skills to start business. Speaking at the award giving ceremony held in Harare last week, CBZ chief executive …

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