Business

Enacy Mapakame Business Reporter Agricultural concern, Border Timbers was suspended from trading on the Zimbabwe Stock Exchange with effect from yesterday. This is after the company had requested for a voluntary suspension of trading in its shares from the local bourse while it awaits the outcome of the International Centre …

Econet Wireless Zimbabwe’s financial and insurance business, Cassava SmarTech will list on the Zimbabwe Stock Exchange on December 11 as it seeks to tap into the country’s growing digital technology space. BY BUSINESS REPORTER Shareholders of Econet, Zimbabwe’s biggest mobile operator with a market value of $5,6 billion as of …

GOVERNMENT has invited bids for the troubled national airline, Air Zimbabwe, as it pushes ahead with privatisation of its loss-making parastatals. BY BUSINESS REPORTER The airline owes creditors $341 million and was last month put under administration. “Tenders are, hereby, invited from interested parties to invest in Air Zimbabwe. Parties …

Michael Tome Business Reporter Zimbabwe’s largest seed producer Seed Co Limited, yesterday extended a $5 000 support to the National Art Gallery of Zimbabwe. The donation will go towards the funding of end of year graduate art exhibition code named “Green Shoots” that will be held from mid-December (this year) …

Tawanda Musarurwa Senior Business Reporter Japan is set to extend grant aid of $3,6 million (390 million yen) to Zimbabwe for the provision of cyber security equipment. The equipment will be used by the Zimbabwe Republic Police in conjunction with INTERPOL and the Southern Africa Regional Police Chiefs Co-operation Organisation …

JOHANNESBURG. — South Africa’s rand was weaker yesterday, with yield-seeking investors continuing to back the dollar and move out of riskier emerging-market and equity assets dampened by signs of softening demand in China and rate tightening by the Federal Reserve. At 0650 GMT, the rand was 0,56 percent weaker at …

SINGAPORE. — Oil prices jumped more than 1,5 percent yesterday after top exporter Saudi Arabia announced a supply cut in December and other producers also considered reductions heading into 2019. Front-month Brent crude futures LCOc1, a benchmark for global oil prices, were at $71,59 per barrel at 0749 GMT, up …

GOVERNMENT should take over the US$2 billion council debt which the ruling Zanu PF party ordered local authorities to write-off ahead of the 2013 elections, Kwekwe City Council has suggested. In a move widely seen as a vote buying gimmick by the ruling Zanu PF party, then local government minister …

By Bulawayo Bureau Speaker of Parliament Advocate Jacob Mudenda has said the country since the coming in of the new dispensation, is in an economic transformation mode towards improved livelihoods following decades of economic stagnation and regression. Addressing the 2019 parliamentary pre-Budget seminar in Bulawayo last week, Adv Mudenda said …

DOCUMENTBy Emerson D. Mnangagwa Zimbabwe aspires to be an upper middle-income economy with a per capita income of US$3 500 by 2030. This requires fundamental transformations and shifts in the economy. Our Transitional Stabilisation Programme (TSP) prepares for these critical shifts and transformations we envisage, and without which Vision 2030 …