A local beverage company fired 48 workers last week for refusing to wear corporate uniforms they believe were taken to a traditional healer for ritual purposes "to increase sales".
The trial of two Rural Electrification Agency managers who allegedly swindled more than US$7 500 meant to buy materials and pay for labour for electrification of Imba Children Home in Seke opened at the Harare Magistrates' Courts last Thursday.
THE whirlwind of capital-raising initiatives continued on the market with several companies going for the final approval general meetings last week.
THE deputy director-general of the industrial development division at the Department of Trade and Industry, Nimrod Zalk, says SA has cemented its position as one of the key players in business process outsourcing and offshoring (BPO&O).
LOCAL markets are likely to be refreshed by a flood of good news this week, with data showing the economy has pulled out of recession, while inflation has fallen back inside its official target range for the first time in two-and-a-half years.
DURBAN could be without a bus service again during the busy December holiday season as the eThekwini Municipality has been given four weeks to comply with the terms of its contract with Transnat Africa or the new bus operator may cancel the contract and claim damages.
A KEETMANSHOOP businessman has fallen victim to a new internet banking scam.
"Its start was the worst but the ending was the best in recent years." This is how one small-scale farmer in Mbala District in Northern Province described the Food Reserve Agency (FRA)'s crop marketing.
ZESCO will acquire 130,000 prepaid meters worth US$12.6 million which the company hopes will improve service delivery and revenue collection.
ZAMBIA stands to gain economically once the installation of the optic fibre network is completed, Communications and Transport Minister Geoffrey Lungwangwa has said.
STAKEHOLDERS have called on the Road Transport and Safety Agency (RTSA) to make it mandatory for all public transport vehicles to display the agency's toll free numbers to facilitate easy communication by passengers in an event where a driver contravenes traffic rules.
Harare City Council has set its parking enforcement teams revenue targets for fines from clamping and boasts that it made US$76 582 in the seven days from November 10 to 17 by clamping 585 vehicles and towing 184, well above the targeted US$60 000.
A TOP think-tank sharply raised its forecasts for the global recovery yesterday, and gave a surprisingly upbeat assessment of SA's economy over the next two years.
DAILY and weekly newspapers have all lost circulation, except for the Afrikaans daily Die Son, and the Zulu daily Isolezwe, according to the third-quarter year-on-year figures released yesterday by the Audit Bureau of Circulations (ABC).
Armscor CEO Sipho Thomo has been suspended on full pay pending the outcome of a disciplinary hearing after defiantly refusing to accede to yet another request by the corporation's board for him to resign.
ZAMBIA recorded reduced poverty levels from 80 to 64 percent midway through the Fifth National Development Plan (FNDP) but the country failed to achieve the target average economic growth rate Finance Minister Situmbeko Musokotwane has said.
While the 30 percent alcohol levy introduced last year has raised more than P180 million, to be channelled towards youth development, it has left Sechaba Brewery Holdings Limited with a huge dent which has compromised their overall financial performance.
Analysts expect the interest rate to remain unchanged for the time being as inflation is expected not to move significantly in the coming months.
The just ended sight at the Diamond Trading Company Botswana, though still a long way from normal levels, saw a favourable improvement in sales when compared to the same period last year when virtually no diamonds were sold
International banking group, Standard Chartered Bank says that its conservative approach to business is the reason why the bank has been successful over a long period of time and they are confident the strategy will continue to pay dividends in future.
South Africa's main agriculture and farming union has expressed concern about the bilateral investment treaty agreed with Zimbabwe, which is set to exclude South African owned farms that were expropriated by the Robert Mugabe regime during the chaotic land 'reform' programme.
The strong rally witnessed on the Zimbabwe Stock Exchange in the previous week immediately came under a check during the week ended yesterday, as investors descended on the high yielding investment market to pocket gains reaped in the preceding week that saw the market awarding the highest weekly return to investors since the beginning of the year.
DELTA Corporation Limited, Zimbabwe's prime producer and distributor of alcoholic and non-alcoholic beverages, has suffered a US$2 million impairment from the disposal of its 30 percent stake in Ariston Holdings Limited at US$4 million.
HAPPYMORE Mapara, the group chief executive officer (CEO) of AICO Africa Limited was this week sent on suspension pending investigations into the operations of the company after falling out with key shareholders at the Zimbabwe Stock Exch-ange (ZSE)-listed conglomerate.
Chromex Mining Plc, which is listed on the London bourse's Alternative Investment Market (AIM), has sealed a purchase deal for a 49 percent stake in Zimbabwean chrome miners Falvect Mining, for what it described as "a nominal consideration".
