Stories

Regional cement producer Pretoria Portland Cement says cement volumes at its Zimbabwean unit went up nine percent in the first half of the year ended 31 March on new marketing strategies implemented during the period.

(207 VIEWS)

The Movement for Democratic Change- Tsvangirai has called on Finance Minister Patrick Chinamasa to release the full list of debtors of the Reserve Bank of Zimbabwe whose $1.3 billion debt will be taken over by the government if the Reserve Bank of Zimbabwe Debt Assumption Bill is passed by Parliament.

(335 VIEWS)

A tourist levy proposed by the African Union for visitors from outside the continent could make Zimbabwe even less attractive after the southern African country’s own recently introduced 15 percent value added tax, Tourism Minister Walter Mzembi said on Monday, as he continues to make a case against the VAT measure.

(213 VIEWS)

Premier Services Medical Aid Society (PSMAS), Zimbabwe’s largest medical aid society by subscription, is restructuring and could possibly demutualise following a highly publicized corporate scandal which saw its executives pocketing millions of dollars in salaries.

(414 VIEWS)

The National Railways of Zimbabwe (NRZ) struggling with debts amounting to nearly $300 million is banking on a $653 million loan from the Development Bank of South Africa (DBSA) to revive its undercapitalised operations, transport minister Obert Mpofu has said.

(263 VIEWS)

Zimbabwe needs urgent reforms to reduce its labour, utility, funding and tax costs, which are considerably higher than those of its regional peers and make it less competitive than its trading partners, a local economic think tank has said.

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Struggling Bulawayo firm, Marvo Stationery Manufacturers, has been given up to 90 days to get a $1.5 million rescue package or face liquidation, a report has revealed.

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Zimbabwe will review its licencing framework for the telecommunications industry in a bid to promote infrastructure sharing as well as the entry of new players, officials have said.

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Zimbabwe is seeking strategic partners for its struggling national airline Air Zimbabwe, which requires at least $1 billion to buy new aircraft and service its debt, transport minister Obert Mpofu told parliament today.

(203 VIEWS)

Zimbabwe’s parliamentary committee on public accounts today criticized Treasury for failing to adhere to laid down reporting procedures following an audit which highlighted glaring discrepancies in the state’s financial statements.

(234 VIEWS)