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Zim company expands into SA

Lovemore Zigara, Midlands Correspondent DIVERSIFIED services entity Golden Knot Group has spread its wings into South Africa where it intends to capture the market of Zimbabweans living in the neighbouring country. It is estimated that there are over three million Zimbabweans living in South Africa. Golden Knot Group has interests …

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Businesses vacate expensive CBD offices

Kiyapili Sibanda, Business Reporter THE Real Estate Institute of Zimbabwe (REIZ) says more businesses are deserting expensive offices in central business districts (CBD) of towns and cities across the country in favour of cheaper converted residential units. REIZ president, Mr Siza Masuku said a number of companies have closed CBD …

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Beitbridge redevelopment must not fail

Beitbridge town revenue hall Thupeyo Muleya, Beitbridge Bureau WHEN one looks at Beitbridge border town, year-after-year, life has mainly been swinging from one end to another, but proffering no significant improvement in terms of service delivery and general development. In short, this has been a tale of many good intentions, …

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Zambia, Zim to sell $440m stakes in Batoka project

ZAMBIA and Zimbabwe plan on selling $440 million in equity stakes in the hydropower plants that form the centrepiece of the proposed $4 billion dam that will straddle their border. This is according to a document published by Ernst & Young Advisory Services Pty Ltd, the countries’ adviser. The Batoka …

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Banks heed RBZ call, adjust interest rates

RBZ Governor John Mangudya Oliver Kazunga, Senior Business Reporter BANKS have started reducing lending rates in line with the Reserve Bank of Zimbabwe (RBZ) directive meant to boost credit availability for the productive sectors of the economy. In the 2017 monetary policy statement, RBZ Governor Dr John Mangudya directed the …

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Firm Donates Vehicle to Police

A local petroleum company, Petroline Zimbabwe, has donated a Nissan Hardbody NP300 worth thousands of dollars to police in Ruwa, in a bid to enhance the force’s visibility when maintaining law and order in the area. The vehicle was handed over to the Officer Commanding Harare Suburban District Chief Superintendent …

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Hefty Salaries for Idle Mutare Bosses

Photo: Jerry Chifamba/AllAfrica (File photo). By Fidelis Munyoro Three Mutare City Council executives who were recently acquitted of gross incompetence will remain at home while receiving hefty salaries and full benefits. Council refused to reinstate treasurer Mr Lloyd Musasa, human resources manager Mr Aaron Chemvura and acting chamber secretary Ms …

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Tobacco Sales Top $47 Million

Runyararo Muzavazi — Over 18 million kilogrammes of flue-cured tobacco worth $46,7 million has been sold at the auction floors at an average price of $2,61 since the opening of the floors last month. The figure represents a 39 percent increase compared to tobacco sold during the same period last …

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Africom: Your fixed internet service provider of choice

Over recent years, Internet access speeds have increased greatly to keep pace with the demand of new services and bandwidth-hungry applications, such as streaming live video content. New technologies have been adopted that can support the current need for increased bandwidth. Africom offers various solutions for fixed internet for the …

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