Buyanga to bring wealth to Zim

South Africa-based Zimbabwean businessman Frank Buyanga, yesterday said his main focus was to bring wealth into the country as it was possible to make Zimbabwe the wealthiest per capita state in the world. In an interview, Mr Buyanga said he will continue striving to assist and help so that the …

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Govt engages Metallon

Ishemunyoro Chingwere Business Reporter GOVERNMENT is engaging the country’s largest gold producer Metallon Corporation with a view to finding a lasting solution to the miner’s problems which has seen it placing hundreds of workers on retrenchment notice. The London Stock Exchange listed miner which has a firm footprint in Zimbabwe …

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GBP/ZAR rate falls

The Pound-to-South-African-Rand rate fell for the third consecutive session at the start of the new week after following reports alleging that officials are sacrificing much needed detail in order to get a quick fix in the Brexit negotiations, but the bigger picture supports a bullish outlook for GBP/ZAR. The Rand …

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Industry minister outlines plans

Africa Moyo Senior Business Reporter New Minister of Industry and Commerce, Mr Mangaliso Ndlovu, plans to introduce a raft of measures including a “robust” industrialisation policy and removing bottlenecks so as to attract more investors. Minister Ndlovu said this yesterday in an exclusive interview with The Herald Business immediately after …

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Chitando return excites Zvishavane miners

Africa Moyo recently in ZVISHAVANE The Zvishavane – Mberengwa Miners Association (ZMMA), a grouping of 204 small-scale miners, says the re-appointment of Mines and Mining Development Minister Winston Chitando is expected to transform the country’s mining sector. Minister Chitando, who was re-appointed by President Emmerson Mnangagwa last Friday when he …

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‘Insurance industry must embrace technology’

Business Reporter The insurance industry must embrace technology, block-chain in particular, in order to deal with the problem of low insurance and pension’s penetration, a senior official with the Insurance and Pensions Commission said. Mrs Lynn Mukonoweshuro, chairman of the IPEC board, at a breakfast presentation on blockchain technology recently, …

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How electric scooters are reshaping cities

One of the biggest stories in technology this year is the exploding popularity of Bird, Lime, Skip, Spin and Scoot. They’re all electric scooter-rental services, and their vehicles are suddenly buzzing along city streets and sidewalks around the world. These startups allow riders to locate and unlock scooters with an …

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Brainworks confident about economy

Property Reporter One of the country’s top players in property and tourism sectors, Brainworks Capital, believes the firm is poised to benefit from various infrastructure projects that are taking place in the country as President Mnangagwa’s Government prioritises economic development and growth. Brainworks Capital, which is listed on the Johannesburg …

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‘Promote integrity, stability’

Conrad Mwanawashe Recently in Nyanga Financial institutions should engage in thorough due diligence exercises to understand their clients and mitigate the adverse effects of criminal economic activity and promote integrity and stability in financial markets. This will also counter other forms of organised crime. Organised crime is estimated to generate …

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Gold edges lower

LONDON. — Gold prices edged lower for a second session yesterday as trade tensions between China and the United States helped to boost the dollar and weaken the yuan. US President Donald Trump said on Friday that he was ready to impose tariffs on virtually all Chinese imports, representing a …

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