Business

The corporate saga of 2019 is not over; there are at least two big court dates for Old Mutual before the end of year. The insurance giant will argue in court that an employer is entitled to terminate an employment contract, when it appeals a judgment interdicting it from firing …

NEW YORK. — The US dollar will remain the world’s leading reserve currency over the next 25 years, with the euro and renminbi expected to further increase their share of total central bank reserves, according to UBS’ survey of sovereign institutions including major central banks released yesterday. Global reserves are …

Business Reporter Toronto Stock Exchange-listed Caledonia Mining Corporation, is looking at investing in a solar farm at its Blanket Mine in an effort to deal with the crippling power cuts being experienced in the country. Zimbabwe is experiencing increased power shortfalls due to low water levels at Kariba Power Station, …

Panashe Chikonyora Old Mutual Zimbabwe Limited has been forced to table an improved voluntary retrenchment package to its employees after the first one got a lukewarm response, according to group chief executive officer Jonas Mushosho in a memo to employees. Mr Mushosho said the company had to make a new …

Golden Sibanda Senior Business Reporter THE Zimbabwe Stock Exchange (ZSE) has lost about $2 billion of total market value over the last two and half weeks, as investors took profits after stocks had a brief period of sustained gains in September. The domestic stock market had risen in just over …

By Africa Moyo Deputy News Editor THE US$12 billion mining industry strategic roadmap launched by President Mnangagwa on Monday represents a great opportunity for Zimbabwe to transform the economy, while also setting the stage for the attainment of an upper middle income society by 2030, experts have said. The experts …

By Fidelis Munyoro Chief Businessman and legislator Mr Justice Mayor Wadyajena has withdrawn a $3,6 million suit against fellow businessman Mr Kudakwashe Tagwirei over some fuel tankers’ rental debt that had spilled into the High Court. Mr Wadyajena had sued Mr Tagwirei, accusing him of being an extortionist. He also …

By Africa Moyo Deputy News Editor Government is targeting to reform five public entities this year, and the processes are now at an advanced stage, Finance and Economic Development Minister Professor Mthuli Ncube has said. He said this in a document titled “Key milestones and progress on policy reforms”, released …

By Anna Chibamu Most farmers this season may not be able to go back to the ploughing fields after agricultural input prices continue to sky rocket with a 50kg bag of fertiliser now costing more than $400, up from last planting season’s $30. Fertiliser companies who gave oral evidence before …

By Zvamaida Murwira and Nesia Mhaka Government remains open to dialogue with striking doctors to find a lasting solution, but those discussions should be carried out while health workers are at work, Health and Child Care Minister Dr Obadiah Moyo said yesterday. Crucially, Government will implement the 60 percent salary …