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Businesses Continue to Review Prices for Sustainability

The finance minister Professor Mthuli Ncube is trying so hard to contain inflation by managing salary increments for the civil service on his left hand while at the same time, his right hand is forced to allow fuel and critical government services to increase prices according to market rates. Commendably, …

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Govt Urged to Charge Mining Investors a Fee for Land Reclamation

Government should consider introducing a levy on mining prospectors to be used for land reclamation, Parliament has heard. Contributing to submissions at a public hearing by the Parliamentary Portfolio Committee on Mines held in Kwekwe last week, a miner, Silas Chaduka blamed the Environmental Management Agency (EMA) for sleeping on …

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Artuz Protestors Granted Bail

Members of the Amalgamated Rural Teachers’ Union of Zimbabwe (ARTUZ) who were arrested on Friday were on Saturday granted bail by a Harare Magistrate after spending a night in police holding cells. The unionists, who included human rights lawyer Douglas Coltart who says he was mistaken for a protester and …

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Health Workers Reject 60 Percent Salary Increase

Health Workers have rejected the 60 percent salary increase that their employer, the government, has tabled arguing that the increment is too little to sustain their livelihood basing on the current inflation rate and economic meltdown. Health Services Bipartite Negotiating Panel had put on the table a cost of living …

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Govt Courts Renewable Energy Investors

Government through its development finance agency, the Infrastructure Development Bank of Zimbabwe (IDBZ) will open applications for suitors to partner in various renewable energy projects, 263Chat Business has established. Zimbabwe is currently going through 18 hour long power cuts, resulting from outdated energy infrastructure and limited energy alternatives. In a …

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Zim Pushes for Ivory Sales

A high-powered delegation from Zimbabwe is in Geneva, Switzerland, to join forces with fellow Sadc nations in pushing to have countries with high elephant populations be allowed to exercise various management methods which include trophy hunting, culling and sale of ivory. Environment, Tourism and Hospitality Industry Acting Minister Mangaliso Ndlovu …

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‘Climate change will cripple economies’

Climate change will damage the economies of countries whether they are rich or poor, hot or cold by the year 2100, economists said in a new report, dispelling the notion that impoverished, warm countries will suffer the most on a warming planet. Researchers who examined data from 174 countries over …

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IDBZ seeks medical partners

Ishemunyoro Chingwere Business Reporter The Infrastructure Development Bank of Zimbabwe (IDBZ,) has invited private investors to partner in the development of three medical facilities as part of efforts to participate in the improvement of health care that it says is key to economic growth, development and poverty reduction. The three …

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BAT in 20pc volumes drop

Business Reporter Cigarette manufacturer BAT Zimbabwe recorded a 48 percent increase in revenue for the half year to June 2019 despite sales volumes having dropped by 20 percent, financial director Leslie Malunga told an analysts and media briefing yesterday. Mr Malunga said significant volumes decline was recorded in the company’s …

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Govt commends clothing firm

Pride Mahlangu Bulawayo Bureau GOVERNMENT has commended a Bulawayo company, Justin Clothing Private Limited, for setting a good example in the country by producing at 100 percent capacity utilisation despite the challenging macro-economic climate. Deputy Minister of Industry and Commerce, Raj Modi, conducted a tour of the modern design fashion …

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