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EARLY in the year, a high-powered South African business delegation visited Zimbabwe to assess opportunities following the formation of the unity government.
ZIMBABWE will this month sign a Bilateral Investment Promotion and Protection Agreement (Bippa) with South Africa, amid a farm ownership dispute between deputy Reserve Bank governor Edward Mashiringwana and a South African farmer, Louis Fick. Economic Planning and Investment Promotion minister Elton Mangoma this week told journalists that Harare and Pretoria would sign the long-awaited deal on ...
IT is a sweltering November afternoon and Guruve communal farmers ignore the heat, waiting for their turn to receive a bag of fertiliser and 15 kg of maize seed donated by the European Union (EU) and the Food and Agriculture Organisation (FAO) through the Sustainable Agriculture Trust. Success or failure, the farmers know, depends on these inputs as they do not have their own resources to acquire ...
A VICTORIA Falls magistrate court yesterday threw out charges against Zimbabwe Congress of Trade Unions (ZCTU) president Lovemore Matombo and four staffers who were arrested in the resort town on Sunday for allegedly holding a political meeting without police clearance. Magistrate Richard Ramaboea said the police had no business in disrupting the labour organisation's meeting.
GOVERNMENT and mining companies are heading for a collision over a proposed economic policy to raise mining royalties in the next six years. Economic Planning and Investment Promotion Minister Elton Mangoma on Monday presented a draft economic plan that recommended an increase in royalty fees charged to miners. Proceeds generated from the royalties would establish a sovereign fund to hedge future ...
LAST week this column addressed the tragic circumstance that, for most of the last 25 years, major players in Zimbabwe's governmental hierarchy have consistently pursued policies which have devastated the economy. They did so dogmatically, callously disregarding well-informed advices as to what needed to be done to assure a virile economy. They did so in pitiless contempt for the consequential ...
IS anyone sure of what the situation in the country will be in two months' time? This question does not necessarily need a response but only captures the level of uncertainty surrounding us.
ZANU PF this week stepped up its efforts to block in the House of Assembly the Reserve Bank of Zimbabwe Amendment Bill which seeks to limit the powers of the central bank governor.
Mines have sought the intervention of Finance minister Tendai Biti in a bid to recover funds misappropriated by the central bank over the years, businessdigest can reveal. A Chamber of Mines letter seen by this paper sent to Biti appealed to the Finance minister to find ways of "expediting the payment of all funds outstanding to" its members.
PROCESSING company, Ariston Holding's recorded recovery and growth in real terms from last year, a commendable feat although the group's attributable profit remain in the red when compared to other players in the sector.
CFX Financial Services Ltd shareholders yesterday passed all resolutions which had been tabled at the Extraordinary General Meeting paving way for Interfin to inject capital and subsequently take control of the company. Company secretary Patricia Ndoro yesterday said the resolutions passed include re-denomination of the authorised share capital, increase in ordinary authorised share capital, ...
MOST households and industries in Zimbabwe are currently limited to less than 10 hours of electricity supply daily because of power cuts which are a result of lack of investment in power generation since Independence. The hardest hit areas are limited to about five hours of electricity daily.
WHEN President Robert Mugabe attacked former Finance Minister Herbert Murerwa in a televised interview for sticking too much "to textbook economics", many were surprised. His beef with Murerwa was that the then Finance minister had attempted to put a stop to quasi-fiscal activities -- a euphemism for printing money -- before he got sacked from his job.
THE Competition and Tariff Commission has okayed Delta Beverages the acquisition of Schweppes Zimbabwe Ltd saying the deal did not create a monopoly.
FOR Seed Co Ltd the first half of the year is always a cost accumulation period for the business with sales normally limited to winter cereal seeds. Summer seed sales only begin in earnest in October.
MASSIVE retrenchments loom at David Whitehead Textiles Ltd (DWTL) which has escaped going under judicial management. DWTL had a provisional liquidation order at the High Court withdrawn three weeks ago and it was highly anticipated that the company would once again go under judicial management.
THE demise of some of the most revered global banks such as Lehman Brothers in 2008 has taught many investors around the world unforgettable lessons. The contagion touched nerves around the global markets in many angles; from the collapse of the commodity prices, crushing stock markets and the pains of discovering seasoned and polished fraudsters running ponzi schemes such as Bernard Madoff who ...
An innovative new system aimed at speeding up the processing of identity documents (IDs), is currently being implemented at Home Affairs offices around the country.
Minerals and Energy Minister Dipuo Peters on Thursday encouraged the community of Seraleng, just outside Rustenburg in the North West, to actively get involved in projects that would earn themselves an income.
Residents of the rural Seraleng community, just outside Rustenburg in the North West, will now be able to cook food, wash clothes and do other household chores in the evenings after being connected to the country's electricity grid.
A wall of money is rushing into stock markets around the globe. This creates the illusion that an economic recovery is underway in the big developed economies. Nothing can be further from the truth.
KARIBIB is the licensed home of 1 000 cases of packaged explosive products and 400 cases of initiating systems after AEL Mining Services, an international company for commercial explosives and blasting solutions, decided to expand its footprint into Africa with the establishment of AEL Namibia.
IT took N$120 million, just more than a year and a trip with Government's Lear jet to get the data on more than 400 000 local accounts to Namibia, but FNB Namibia manage to complete the project to upload Namibian client data onto an IBM Z-series server on Sunday.
FEW things highlight the extent of the problems facing SA's gold mining industry as the somewhat ironic news yesterday that, as the gold price broke another record, production in September fell 9,3% year on year.
SO, DO you still think the hardest job in SA is to coach Bafana Bafana? Until recently, I shared this sentiment. But I think the country has never needed African solutions more than it does now. For this reason, I think every South African taxpayer should contribute towards buying a black goat. Slaughtering a black goat is the only thing that will propitiate our ancestors to help us deal with the ...
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