News about Zimbabwe that you can use
Cimas Medical Aid Society has suspended online drug claims after losing $1.2 million in fraudulent claims, with the society incurring a $3.4 million drug bill during the first quarter of this year compared to $2.2 million in the last quarter despite a fall in membership.
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The Movement for Democratic Change-Tsvangirai has condemned the passage of the Reserve Bank of Zimbabwe Debt Assumption Bill on Tuesday under which the government will assume the central bank’s $1.3 billion debt saying this is literally forcing the overtaxed Zimbabweans to foot the loot by the Zimbabwe African National Union-Patriotic Front elite.
(319 VIEWS)
Zimbabwe’s inflation eased to -2.65 percent year-on-year in April after shedding 1.45 percentage points on the March rate of -1.20 percent as deflationary pressures persist, the national statistics agency said today.
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Private equity investment and advisory firm, Brainworks Capital Management has increased its shareholding in African Sun to 55.11 percent after closure of its mandatory offer to the hotelier’s minority shareholders.
(354 VIEWS)
The world’s second largest platinum miner, Impala Platinum says it has seen mixed performances at its Zimbabwe units with tonnes milled at Zimplats going down 11 percent to while Mimosa went up by nine percent in the third quarter ended March 31.
(247 VIEWS)
Plastic and steel products maker, Phoenix Consolidated which is currently under judicial management, recorded a turnover of $8 million last year compared to $2 million when the company was placed under administration nearly two years ago.
(246 VIEWS)
Cable manufacturer Cafca’s revenue grew by 41 percent to $14 million for the six months ended 31 March compared to the prior year driven by exports and local sales but the company bemoaned poor prices which hit earnings.
(215 VIEWS)
The labour union representing sacked Mbada Diamonds workers has appealed to the National Employment Council for the mining industry to mediate in the dispute, calling the dismissals ‘unlawful.’
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The Bulawayo business community has asked government to suspend its move to undertake pre-shipment standard compliance monitoring on goods destined for Zimbabwe, which is meant to reduce the importation of substandard goods, saying the programme would result in higher business costs.
(282 VIEWS)
