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Man axes sekuru to death and buries corpse in shallow grave after he advised him to advance his education
Business News
The latest Zimbabwe news, from NewsDay, Herald, Chronicle and more. 154 stories
Government suspends tax on power generating projectsThe government has exempted power generating projects from paying corporate income tax during the first five years of operation to increase investment and power supplies. The policy, which came into e...OnlineBusiness4 January 2018
Zimbabwe to invite bids for parastatals in big sell-offZimbabwe is inviting bids to buy stakes in several parastatals and will sell off its shareholdings in other firms in a bid to plug its ballooning budget deficit. The Deputy Minister of Finance and Eco...TheSourceBusiness4 January 2018
US$ cash premiums surge to 65% on electronic transfersCASH premiums for United States dollar on electronic transfers have increased to 65% from 40%, ending the optimism the new government has been enjoying since the inauguration of President Emmerson Mna...NewsDayBusiness3 January 2018
Fertiliser prices dropFertiliser prices have dropped by an average of 7. 5 to 10 percent on improved access to foreign currency, an industry executive has said dispelling fears of shortages. It was reported in October last...ChronicleBusiness3 January 2018
Foreigners hunt Old Mutual shares on ZSEForeign buyers are making a comeback on the Zimbabwe Stock Exchange (ZSE) in December, with particular interest in Old Mutual plc shares and take positions as the group breaks its vast financial empir...TheSourceBusiness27 December 2017
Zim central bank warns over Bitcoin currencyThe Reserve Bank Of Zimbabwe (RBZ) warned the public against investing in cryptocurrencies such as bitcoin, saying those engaging in virtual currency transactions will not have legal protection or rec...TheSourceBusiness23 December 2017
Zimra reverts to manual cargo import clearanceTHE Zimbabwe Revenue Authority (Zimra) has resorted to processing imports and exports of commercial goods manually after technicians failed to resuscitate the Automated System for Customs Data (Asycud...ChronicleBusiness21 December 2017
UN gives new Zim Govt thumbs upTHE United Nations (UN) has commended Zimbabwe’s new Government for its commitment to rebuild the economy and mend international relations. President Emmerson Mnangagwa has, since coming to power a fe...HeraldBusiness20 December 2017
Scratch SI 64: MutsvangwaSPECIAL adviser to the President, Christopher Mutsvangwa has called for the immediate scrapping off of Statutory Instrument 64 of 2016, as one of the tangible measures to reduce the cost of food and g...NewsDayBusiness19 December 2017
Zim secures $2m Comesa facilityGovernment is set to receive about $2 million from the Common Market for Eastern and Southern Africa (Comesa) to capacitate the country’s leather and cotton value chains, Finance deputy minister Terre...NewsDayBusiness19 December 2017
Commercial car importers stranded as Zimra computer system goes downHUNDREDS of commercial car importers are stranded at Beitbridge and Kazungula border posts where cargo has been stuck for more than a week due to a system breakdown. The Zimbabwe Revenue Authority (Zi...ChronicleBusiness19 December 2017
Bakers reverse bread price increaseBakers have agreed to reduce the price of a loaf of bread to between 90cents and a dollar. Bakers effected an 11 percent hike on the price of bread at the weekend, citing an increase in production cos...TheSourceBusiness19 December 2017
Zimbabwe in the right direction, says IMFThe International Monetary Fund (IMF) says the softening of the Indigenization and Economic Empowerment Act is a step in the right direction and feels the 2018 budget is a good starting point in addre...TheSourceBusiness18 December 2017
'Zim not ready to have its own currency'ZIMBABWE is not ready to have its own currency until productivity levels recover to allow for the creation of reserves that will improve the liquidity situation, economic experts have said. Speaking d...ChronicleBusiness13 December 2017
$1,5bn shot in the arm for Zim…. Afreximbank facility to help stabilise economyThe African Export-Import Bank (Afreximbank) yesterday announced a $1,5 billion economic stabilisation package for Zimbabwe that will go towards the revival of the productive sector to stimulate more....HeraldBusiness13 December 2017
Banks now accepting 99-year leases as collateralThe Bankers Association of Zimbabwe (BAZ) said on Friday it will now accept 99-year leases that were given to resettled farmers by Government as collateral for bank loans. Since Zimbabwe embarked on t...HeraldBusiness12 December 2017
Key 2018 Budget HighlightsFinance minister Patrick Chinamasa on Thursday presented the country’s 2018 budget which focused on cutting government spending. We give you the highlights. Gross Domestic Product (GDP) growth is proj...TheSourceBusiness11 December 2017
Chinamasa makes sweeping changesFINANCE minister Patrick Chinamasa has introduced a raft of cost-cutting measures, among them a drastic reduction in government travel, other luxuries and fired over 3 000 national youth service gradu...NewsDayBusiness8 December 2017
ZSE industrial index continues to fallThe Zimbabwe Stock Exchange (ZSE) mainstream index eased 1,14 percent to close at 342,2 points on Wednesday ahead of the national budget. However, the mining index gained 4,41 percent to close at 132,...TheSourceBusiness7 December 2017
SA truck mishap caused internet blackoutTHE country was yesterday hit by an internet blackout that affected various sectors of the economy that largely depend on online connectivity for their operations. The blackout started at about 11AM a...ChronicleBusiness6 December 2017
Over 100K farmers register to grow tobacco in the 2017/18 seasonMore than 100,000 farmers have registered to grow tobacco in the 2017/18 season, a 36 percent increase from 73,492 in the previous season, statistics from the industry regulator have shown. Previously...TheSourceBusiness5 December 2017
Alternative trading market, Finsec, comes aliveZimbabwe’s alternative trading platform, Financial Securities Exchange (Finsec) recorded a total turnover of $1,2 million in November, the highest since its inception, as investors seeking diversifica...TheSourceBusiness4 December 2017
NRZ refurbishes Nandi -Mkwasine railway lineTHE National Railways of Zimbabwe (NRZ), in partnership with the government and the European Union, has refurbished the Nandi-Mkwasine railway line in Chiredzi at a cost of more than $10 million in an...NewsDayBusiness1 December 2017
Investors bet on bitcoin as virtual currency tops 18kDigital currency bitcoin broke new ground on Wednesday, breaching the $11,000 mark on the global market a few hours after zooming past $10,000, more than double its price at the beginning of October a...TheSourceBusiness30 November 2017