Wednesday, May 23, 2018
HARARE - Zimpost has announced the launch of two new digitalised services – the Virtual Post Office and the Zimpost mall. The predominantly postal service organization has over the years been transforming itself into a leader of sorts in the digital space. Zimpost acting managing director Sifundo Moyo said the organisation...
BH24 Reporter HARARE - Fidelity Life Assurance of Zimbabwe slipped into the red after posting a loss after tax of $1, 3 million for the year to December 31 2017, from $6, 4 million profit in the prior comparable period. The loss came on the back of various shareholder write-offs and...
Hebert Zharare The price of petrol has shot up to $1.48 per litre in some cities and towns on the back of acute ethanol shortages after the Green Fuel plant failed to resume operations on time following an annual shut down shutdown last year, Business Weekly can reveal. This has resulted...
Golden Sibanda The Zimbabwe Iron and Steel Company’s (Zisco) ‘onerous’ half a billion-dollar debt to local and foreign institutions/individuals was chief among the many factors that led to the collapse of the multi-million-dollar deal with Essar Group for the revival of the mothballed steel maker. But Government says after taking over...
Martin Kadzere Singaporean agro-processing giant, Wilmar International’s local unit, Surface Wilmar Investments, has launched a bid to acquire a majority shareholding in The Cotton Company of Zimbabwe to secure guaranteed supply of feedstock for its edible oils plant in Harare, it has emerged. Sources at Surface told Business Weekly that...
Business Writers The BWP500 million ($50,4 million) line of credit that was extended to Zimbabwe to jump-start the economy immediately after the consummation of the inclusive Government in 2009, is back on track after it emerged both countries are working towards crafting better financing mechanisms. The line of credit was initially...
Livingstone Marufu The International Labour Organisation (ILO) has challenged the country’s informal sector to upgrade technical skills in an effort to ensure the sector creates innovative ways to more productive and decent jobs. This follows findings from the labour organisation that more than 61 percent of the global workforce earns...
Kudzai M. Mubaiwa Many a business person would by now have heard about cryptocurrency and more likely Bitcoin. Naturally, there are different thoughts around it, with some early adopters professing enthusiasm, others completely rejecting it and yet more in the middle that have adopted a wait and see attitude. Whatever your...
Clive Mphambela There has been a common- occurring theme in recent weeks regarding the labour economy. Firstly Government-employed doctors went on strike but subsequently received what they were demanding. Secondly, nurses followed with industrial action but unfortunately were threatened with dismissal. Only last week, teachers put their employer on notice, threatening a strike...
There is growing grumbling among employees in both private and public sectors, the recent strikes by junior doctors and nurses, and now reports that some in some workforces are debating the possibility of strike action. To some extent employers have been taking their employees for granted, feeling that they should...