Wednesday, May 23, 2018
Victor Bhoroma Privatisation is a topic that has dominated Zimbabwean economic discussions, policy and budgets since the early 90s. Privatisation was pursued successfully between 1990 and 2000. During the Economic Structural Adjustment Programme (ESAP) years (1991-1995), the Government commenced a public enterprise reform process designed to unlock value through disposal of...
Chipo Sabeta The country’s largest funeral service company, Nyaradzo Group, has commenced operations in neighbouring South Africa as part of the its drive to expand into the region. Nyaradzo corporate communications manager Kudzai Mpunzwana told Business Weekly that the SA operation marked the beginning of the group’s thrust to expand into...
Over the course of the next few days Kariba South becomes Zimbabwe’s first “gigawatter” power station as the second new unit comes on stream and the power station is able to deliver 1 050MW, drastically raising Zesa’s capacity to cope with peak power demand. However Zesa will have to change...
Kudzai Mubaiwa Every small business needs paying customers to grow. The global mantra “customer is king” is mostly true, but there are instances when this is very difficult to accept. Contentions and conflicts occur in the course of business. This can be due to an error you have made and...
Kudzanai Sharara Art Corporation generates approximately half of its foreign currency requirements, group chief executive officer Milton Macheka has said. This comes as most Zimbabwean companies are struggling to make foreign payments for their raw material requirements as well as pay for crucial equipment as the country battles with depleted...
Joseph Mverecha “For my people have committed two sins (commissions) — they have forsaken me the fountain of living waters and have hewn out broken cisterns that cannot hold water” Jeremiah 2 vs 13. These were the iconic words of the Prophet Jeremiah in respect of the spiritual condition of Jerusalem...
Taurai Togarepi During 2004 to 2008, the Reserve Bank of Zimbabwe embarked on massive quasi-fiscal operations, which included helping funding the farm mechanisation project among other operations. We all know the consequences of such policies which triggered a huge jump in money supply resulting in hyperinflation where most Zimbabweans had huge...
Jeffrey Gogo When Tatenda Mabungu founded Styx24.com (pronounced Sta-i-x) last September to rival Golix.com — until now Zimbabwe’s only cryptocurrency exchange - he had already made up his mind this wasn’t just about breaking monopoly. “Monopolies tend to be arrogant. We wanted to break that”, the 31-year-old South African-based entrepreneur...
Mamvura’s Market Minute This past week saw three more sets of earnings and an update from Cafca on their performance. Interestingly at the Powerspeed AGM last Thursday, there were grumbles about how SI 122 of 2017 has all but put Frog Cables out of business while Cafca has been unable...
Business Writer The uptake of lettable space has slowed down and the rentals have been flat since the last quarter of 2017, Dawn Property Consultancy has said. Responding to Business Weekly, Dawn Property Consultancy, General Manager, Valuation and Advisory Services, Kudakwashe Chadambuka said rentals for office, retail and industrial properties are...