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RBZ closes the taps on bond notes

DESPITE ever-growing demand for cash, the Reserve Bank of Zimbabwe says it will not immediately issue new bond notes to add to the US$121 million in value already in circulation. At the beginning of the year, monetary authorities forecast local cash supplies would improve with the start of the tobacco marketing …

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BMW 5 Series gives value for money

It is the company’s second-best selling model, after the 3 Series. This is quite a feat, considering that passenger cars (as opposed to SUVs and pickup trucks) composed 39 percent of the car market last year, down from 43 percent in 2015 and as much as 52 percent in 2012. …

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‘We ain’t proud of what happened’

In the past fortnight, Asa Resources in general and Freda Rebecca in particular have been in turmoil. After revelations of alleged externalisation and smuggling of gold bullion, the company’s board on Wednesday announced the ouster of group CEO Mr Yat Hoi Ning, and group finance director Mr Yim Chui Kwan. …

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Importance of withholding tax

Taurai Changwa Business Forum THE attempt by the Zimbabwe Revenue Authority to start deducting 10 percent withholding tax from tobacco farmers’ earnings met dogged resistance from various quarters. They felt that farmers — whose product is earning the country significant foreign currency — were being unnecessarily penalised. However, the levy was specifically …

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ABE SMITH Zimbabwe rally driver

Abe Smith is a former Zimbabwean rally driver . Awards  1994 : African Rally Champion (ARC) , on Audi 90 S2 Quattro Group A (co-driver Les Wild); 2nd in the Rally of Zambia in 1991 (Audi Quattro); 5 th of the Castrol International Rally of South Africa in 1994 (Audi …

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TICHAFA SAMUEL PARIRENYATWA Zimbabwe physician

Tichafa Samuel Parirenyatwa (1927–1962) was Zimbabwe’s first trained black physician, medical doctor and the first Vice-President of the Zimbabwe African People’s Union (ZAPU). He rose to prominence during ZAPU’s political struggle against the colonial administration in Southern Rhodesia. EARLY LIFE Parirenyatwa was born at Rusape in Manicaland and grew up …

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STRIVE MASIYIWA Zimbabwe businessman

Strive Masiyiwa (born 29 January 1961) is a London-based Zimbabwean businessman, entrepreneur, and philanthropist. He is the founder and executive chairman of diversified international telecommunications group Econet Wireless. Masiyiwa is a member of the Africa Progress Panel (APP), a group of ten distinguished individuals who advocate at the highest levels …

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CHENJERAI HUNZVI Zimbabwe politician

Chenjerai “Hitler” Hunzvi (23 October 1949 – 4 June 2001) served as Chairman of the Zimbabwe National Liberation War Veterans Association beginning in 1997. EARLY LIFE Hunzvi was born in Chiminya, Southern Rhodesia on 23 October 1949. He said that he joined the struggle against white minority rule in Rhodesia …

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BILLY RAUTENBACH Zimbabwe businessman

Billy Rautenbach, also known as Muller Conrad Rautenbach (born 23 September 1959), is a wealthy Zimbabwean businessman. In the mid 1990s, Rautenbach’s business empire had spread to more than a dozen African countries earning him the nickname “Napoleon of Africa”. He also owns companies in Australia and the UK. BUSINESS …

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