Tuesday, November 13, 2018
Tawanda Musarurwa Government says it is in the process of developing the National Regulatory and Quality Infrastructure Policy that seeks to address the key macro-economic issues of standardisation. Experts say properly functioning Quality Infrastructure (QI) and consumer protection systems are vital insofar as they create a vital basis for participation in...
Following the gazetting of Statutory Instrument (SI) 237A of 2018, a number of goods which were formerly controlled by the Ministry of Industry, Commerce and Enterprise Development were removed from the goods requiring import licences. Statutory Instrument 237A amended Statutory Instrument 122 of 2017 which had amended Statutory Instrument 64...
Michael Tome Zimbabwe’s largest brewery, Delta Corporation, posted a 77 percent jump in profit to $57,2 million from the $32,3 million recorded prior year comparative on the back of revenue and volume growth for lager beer in particular. Basic earnings per share amounted to 4,63 cents up from 2,64 cents prior...
Business Writer Invictus Energy has capacity to handle the multi-billion dollar Cabora Bassa Project that encompasses the Mzarabani Prospect and there is nothing amiss with its funding model, managing director Scott Macmillan has revealed. This comes as some quarters had questioned Invictus’ capacity to meet the enormous financial demands for the...
Business Writer Government plans to establish a $750 million fertiliser manufacturing plant in Chiredzi are at advanced stages, according to Higher and Tertiary Education, Science and Technology Development Minister Professor Amon Murwira. The plant will produce 500 000 tonnes of ammonium nitrate annually amid reports Masvingo Province has potential to contribute...
Announcements that the packaging industry is increasing prices by 500 percent bring into sharp relief some exceptionally unpleasant aspects of business in Zimbabwe. Topping the list are greed, an inability to do simple arithmetic and the fact that most industries are dominated by three or fewer concerns making combinations...
Enacy Mapakame Diminishing demand continued on the Zimbabwe Stock Exchange (ZSE) with three of the benchmark indices closing the week in the negative. The market largely remained depressed in the week to Wednesday as it continued on a losing streak to 10 sessions in a row. The primary indicator, The ZSE All...
Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia. The rigs are returning and wildcatters are getting excited again after a years-long hiatus during the oil-price slump. From majors like Total SA to independents like Tullow Oil, companies...
Kudakwashe Mhundwa Zimbabwe’s leading mobile services provider Econet Wireless, has struck a partnership deal with the City of Harare for the modernisation of First Street to meet global city standards. As part of the deal, the mobile service provider will be responsible for revamping the street to bring it back to...
Gertrude Mawire The first time a Tax Amnesty was introduced in Zimbabwe was via Part VI of the Finance Bill (No. 2) of 2014. At that time the concept was not yet widespread and uptake was very low. Up to now, I still believe, the reason for lack of uptake...