Business

HARARE, May 3 (The Source) – Zimbabwe’s central bank is offering a 5 percent reward to whistleblowers reporting on individuals, traders and firms hoarding, selling or illicitly funneling cash out of the country, governor John Mangudya announced on Wednesday. The southern African country, which adopted the use of foreign currencies …

HARARE, May 3 (The Source) – RioZim’s three gold mines are producing about 137 kilogrammes of the precious metal monthly — 59 percent of capacity — officials said on Wednesday, highlighting the urgent need for fresh investment to ramp up output. RioZim, a Zimbabwe-listed entity spun off global giant Rio …

Photo: The Herald President Robert Mugabe (file photo). President Robert Mugabe arrived late on Tuesday in Durban to attend the 27th World Economic Forum for Africa – just as Zimbabwe’s economic crisis intensifies. The 93-year-old president was seen off from Harare earlier in the day by both of his vice …

Photo: The Herald First Lady Grace Mugabe (file photo). FIRST Lady Grace Mugabe says she is having sleepless nights fielding phone calls from exiled Zimbabweans now desperate for land after running away from country at the height of her husband’s farm grabs. President Robert Mugabe’s controversial land reforms are said …

Harvesting thatching grass decreases the viciousness of veld fires by reducing the fuel load Veld fires have been a characteristic annual catastrophe in the past decade destroying over a million hectares annually.The 2016 fire season recorded 1 652 incidences which resulted in the destruction of 1 197 335,52 hectares of …

Wheat is an important cereal in Zimbabwe’s food basket John Basera and Tegwe Soko Wheat is the second most important cereal after maize in the food security basket in Zimbabwe. The ease with which flour assists in the baking of various products such as bread, buns and cakes has made …

THE Zimbabwe Stock Exchange has reduced settlement cycle of trades to three days (T+3), a move that is expected to enhance the capital markets and encourage investments on the local bourse. T+3 basically means ‘trade date plus three business days.’ This means investors will get paid sooner (after three business …

A study on the informal sector which was undertaken by the Bankers Association of Zimbabwe and the Zimbabwe Economic Policy Analysis and Research Unit in 2015 produced some interesting insights into the inner workings of the informal sector. The study established that although the informal sector players have limited resources …

Minister Chidhakwa Minister Chidhakwa Happiness Zengeni in PERTH, Australia Government will now fully consolidate the diamond mining sector after resolving all legal issues with Chinese companies which were mining in the Chiadzwa area and agreeing to a compensation figure with Russian company Development Trust of Zimbabwe-Econendra of Russia (DTZ-OZGEO). Mines …

Tanaka Mrewa, Business Reporter STATE-OWNED mobile  telecommunications firm, NetOne is set to unleash 20 new products by the end of this week. NetOne acting chief executive officer Mr Brian Mutandiro told Business Chronicle during the company’s ZITF cocktail reception that the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) had …