Sunday, December 16, 2018
HARARE - PG Industries said on Wednesday  it has completed its restructuring programme after paying about $10  million to creditors, paving way for its takeover by Indian firm, Dewei  Investments, which is expected to inject new capital into the company. Hit by financial challenges, PG Industries was suspended from trading ...
 Walter Mswazie MASVINGO - Masvingo province is on course to attain a Gross Domestic Product of $5,2 billion by the year 2030 owing to its vast natural resources that have potential to drive growth after the advent of devolution. Higher and Tertiary Education,Science and Technology Development Minister Professor Amon Murwira said...
HARARE - Presentation of the 2019 National Budget has been set for November 22 this year, Parliament heard on  Wednesday. Responding to questions in the National Assembly, Finance and Economic  Development Minister Prof Mthuli Ncube said the budget would focus more  on reducing government expenditure pattern which currently takes a...
    Walter Nyamukondiwa SELOUS – Platinum mining giant Zimplats has shelved the $131 million refurbishment of its Selous base metals refinery (BMR) to pave way for the setting up of a national refinery to be used by all mining companies. The move has been welcomed by government as advancing its beneficiation and...
HARARE - The port of Beira, central  Mozambique, is going to double the containerized cargo handling to 700  000 tons for the neighbouring countries that use the infrastructure, the  concessionaire, Cornelder said on Monday. Commercial manager, Jan de Vries told a local television station that  the increase resulted from the...
Nyemudzai Kakore HARARE - Finance and Economic Development Secretary Mr George Guvamatanga yesterday apologised for the manner they effected the Intermediary Money Transfer Tax of 2 percent but insisted that the principle behind it was noble. Mr Guvamatanga said there was room for the tax to be refined going forward if...
HARARE - Zimbabwe is exploring ways of  enabling locally produced goods to be exported to China, a cabinet  Minister said on Monday. Industry and Commerce Minister Mangaliso Ndhlovu told the media on the  sidelines of a signing ceremony of a Memorandum of Understanding between  his Ministry and the China State...
Michael Tome HARARE – Zimbabwe’s pensions industry aims to increase insurance penetration ratio to 20 percent from the current 4 percent by 2020. This is one of deliverables set for the insurance sector by the Transitional Stabilisation Program (TSP). Notable among the insurance industry’s goals include regulation and supervision of medical aid...
Kudakwashe Mhundwa & Takudzwa Nyatondo HARARE - A protracted land dispute pitting the country’s largest platinum producer, Zimplats (Private) Ltd and Bonnyview Estates (Private) was finally put to rest after the Supreme Court confirmed that the latter was not entitled to benefits deriving from the mining operations on Bulfied farm. Bonnyview...
Tawanda Musarurwa HARARE – President Emmerson Mnangagwa has assured the nation that his Government will make ensure economic policy consistency to ensure a healthy business operating environment. “Above all we in Government must speak with one voice, to avoid cross messages which bring confusion and uncertainty. Inconsistent public pronouncements on economic...