News

In another blow to workers, the Supreme Court, which recently said employers could fire workers on three months’ notice without any retrenchment package, yesterday ruled that housing, education and other allowances were not a right to workers.

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Zimbabwe’s central bank says electronic payments are expected to reach $50 billion by the end of the year as the country’s mobile money sector continues to grow in both volumes and value.

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The government says the Victoria Falls Town Council was justified in effecting a 650 percent increase in levies early this year, despite complaints from ratepayers, Parliament heard today.

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Zimbabwe’s largest mobile phone operator Econet Wireless has partnered with a family trust of founder and executive chairman Strive Masiyiwa in launching an e-commerce service as the group seeks to drive volumes for its mobile money transfer platform.

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Cigarette manufacturer British American Tobacco (BAT) says net profit for the first half year to June grew 43 percent to $7.6 million compared with the same period last year on better production and distribution efficiencies despite weaker demand for its products.

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If legendary and loathed US Activist investor “Carl Icahn” had one company to pounce upon on the ZSE, it would be Meikles Limited. His obvious first port of call would be: rally proxies to push for a spinoff of TM from the group.

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First Lady Grace Mugabe says she has no ambition to become Zimbabwe’s president. In fact, she says, she is not even interested in politics. “I am just there for women’s issues,” she told the Sunday Mail.

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Countries are poor because governments are corrupt. And, unless they ensure that public resources are not stolen, and that public power is not used for private gain, they will remain poor, right?

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The Deputy Minister of Agriculture Paddy Zhanda said last week it was unfair for A2 farmers to continue to look to the government for support especially in view of the current financial squeeze that the country is facing.

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Kuwadzana East Member of Parliament Nelson Chamisa caused quite a stir in Parliament last week when he asked Public Service and Labour Minister Prisca Mupfumira what government intended to do in view of a Supreme Court ruling that employers could fire contract workers on three months’ notice without any package.

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