Wednesday, January 16, 2019
Laura Bottoms Resolution: A firm decision to do or not do something. Each New Year brings New Year’s Resolutions, but I encourage you to avoid jumping on the diet band wagon this year. The dieting culture promotes restriction, labels foods as good or bad, and often results in limited long...
If you’ve ever brought a favourite treat along to enjoy on a flight — a special chocolate bar, stacked-high sandwich, or flaky pastry, say — you might have noticed it didn’t taste as great at 30 000 feet. It’s not just you. Flying has a very real effect on the smell...
Wandile Sihlobo The history of Zimbabwe’s agricultural sector from the early 2000s is well documented. As the spirit of political change sweeps across the country, albeit with lingering economic underperformance, it is worth looking at what agricultural products Zimbabwe imports in large quantities and whether import substitution would be a...
 Kudakwashe Mhundwa and Princess Ncube Government has granted an export tax relief to registered raw hide merchants, as it moves to reduce the amount of unbeneficiated leather raw materials that are going to waste, according to a Government Gazette published last Friday. The waiver comes on the back of pleas by...
Martin Kadzere The tightening of laws to curb illegal foreign currency trading in the country has reportedly left many companies, particularly those outside the Reserve Bank of Zimbabwe foreign currency allocation priority list, on the brink, according to the Confederation of Zimbabwe Industries. The dire situation has now jolted Government into...
Golden Sibanda Major coal suppliers to Zimbabwe Power Company (ZPC), the generation arm of State power utility Zesa Holdings, are demanding prepayments to guarantee security of coal supply, according to minutes of a board meeting seen by Business Weekly. Such arrangement may disrupt power generation at thermal power stations if ZPC...
<<<<<UPDATED>>>>> Business Writer  Delta Corporation on Thursday rescinded a decision to sell its products in foreign currency after the Reserve Bank of Zimbabwe (RBZ) assured the beverage manufacturer it will provide the forex required to fund its import requirements. The firm had announced intensions to price its products in hard currency effective...
Martin Kadzere The Zimbabwe Asset Management Company (Zamco) is hoping to conclude five deals with investors seeking to take over bad debts that the State-owned asset firm took over from banks to help restore viability in the financial sector since 2015, an official said. Zamco, a special purpose vehicle created by...
Martin Kadzere Government has set new conditions to a Chinese investor seeking to acquire shareholding in the Zimbabwe Iron and Steel Company after it emerged the original agreement could have left the country at a “greater disadvantage”, Business Weekly can reveal. The deal-sealed during the administration of former President Mugabe —...
Golden Sibanda Cabs — the banking unit of Old Mutual Zimbabwe — says it has witnessed strong interest from clients keen on opening prepaid MasterCard accounts administered by the building society, an official said. Deputy managing director Mehluli Mpofu, said CABS was on a drive to encourage clients to open foreign...