Wednesday, May 23, 2018
Zimbabwe is pursuing a new dynamism in the conduct of its diplomacy premised on the nurturing and consolidation of friendships as the country seeks to create mutually respectful relations. The new policy is heavily biased on economic statecraft particularly the need to attract foreign direct investment. Foreign Affairs and...
Jeffrey Gogo Capital markets regulator, the Securities and Exchange Commission of Zimbabwe has warned investors against “dealing with unregulated exchanges and securities” in the wake of plans by Harare-based cryptocurrency trading platform Golix.com to issue a multi-million dollar Initial Coin Offering (ICO). An ICO is the equivalent of an Initial...
The greater Kamativi area in which the town and mine are located is characterised by some hilly terrain, approximately 144 km2 in size, with numerous valleys and some swamps. Several small rivers run through the town and the Gwayi River, which is a major feature in the province, flows...
Business Writers The National Social Security Authority has obtained a stay of execution in the case where a former employee had obtained a default judgment, which entitled him to attach property worth over $600 000. This also comes amid indications that the newly appointed Minister of Public Service, Labour and...
An increase in contribution of non-voice revenue to 63 percent of total and a reduction in finance costs by $10,7 million led Econet Wireless Zimbabwe to an exceptional performance for the half year to August 31, 2017. The group’s revenue grew 17 percent to $352,67 million while after-tax profit...
. . . Is full dollarisation the answer? Clive Mphambela --- Following a decade of instability and hyperinflation spanning 1998 to 2008 that resulted in the decimation of financial assets and the eventual demise of the Zimbabwe dollar, Zimbabweans have recently been haunted by a sense of déjà vu. The wide...
Taurai Mangudhla Zimbabwe could still be losing millions of dollars worth of potential revenue from diamonds, through leaks orchestrated by a closely knit syndicate according to a recent intelligence report. As such, a red flag has been raised at the Zimbabwe Consolidated Diamond Company (ZCDC) against the backdrop of serious allegations...
Business Writers Chegutu West Member of Parliament Dexter Nduna and his wife Schalastica have been declared bankrupt after failing to repay a $231 000 debt owed to Standard Chartered Bank. In his ruling, High Court judge Justice David Mangota said the two failed to satisfy the judgment debt--provisionally granted in 2011...
Kudzanai Sharara A block of Old Mutual Plc (OML) shares worth over $9 million changed hands on the local bourse on Monday this week. This is the biggest deal in the counter in a very long time, but the attraction has been intensified and strong for the better part of...
Business Writers Government has imposed a salary and benefits freeze for management at State Enterprises and Parastatals (SEPs) amid plans to have the salaries reflect their performance. There are suggestions that the obtaining salaries and benefits be slashed because they are “unsustainable”. All heads of ministries have since been directed to...