Business

Contrary to popular belief, “everyone has the same opportunity to acquire wealth,” says Steve Siebold, a self-made millionaire. But not everyone seizes the opportunity. To find out if you’re doing all that it takes to set yourself up for a rich future, we’ve rounded up 10 signs that you’re not …

One of the most beautiful boutique hotels of the Nyanga region Inn on the Rupurara has closed its doors and fallen into liquidation effective Thursday 27 April 2017 according to a statement issued by Gordon Addams who is the Best of Zimbabwe Chairman. Gordon Addams In the statement sent out to …

Zimbabwe Police Use Teargas to Disperse Tobacco Farmers By Godfrey Marawanyika (Bloomberg) — Zimbabwean riot police threw teargas canisters at tobacco farmers demanding payment for their crop delivered at one of the three auction floors in the capital Harare, Tobacco Sales Floor General manager Mary Machingaidze says by phone. “Sales …

Mines minister Walter Chidakwa has been caught in the eye of a storm after he lied that all the legal issues surrounding government’s takeover of the Chiadzwa diamond fields have been completed. Mines Minister Walter Chidhakwa This comes at a time the newly-formed government mining company — Zimbabwe Consolidated Diamond …

Mines and Mining Development Minister Walter Chidhakwa has criticised calls by the western nations and the Civil Society Coalition to expand the definition of conflict diamonds in the diamond family. Speaking during the closing of the 2017 intercessional meeting, Cde Chidhakwa said there are a number of organisations at international …

HARARE – Banks should flag suspicious transaction or risk losing their operating licences, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya has said. He was addressing a Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) engagement this morning. “Customers are good, but at the same time …

  HARARE, May 4  (The Source) –  Rainbow Tourism Group (RTG) says it intends to expand its hosting capacity in Victoria Falls to cash in on the expected increase in tourist arrivals in the resort town. The $150 million expansion of the Victoria Falls airport, which was completed last November …

  HARARE, May 4  (The Source) – Brickmaker Willdale Limited is seeking shareholder approval to dispose of 190.1 hectares of its land that is currently not suitable for mining clay used in brick manufacturing, for $4,75 million which will be used to settle part of the company’s debt obligations. The …

Insurance group, Fidelity Life  Assurance of Zimbabwe full year net profit fell by almost half to $2,3  million for the full year to December 31, 2016 compared to the previous year. The firm recorded an after tax profit of $5,2 million in 2015.  In the period, the group saw its …

MASVINGO, May 4 (The Source) – Fish farmers in Masvingo say the industry is under threat from high regulatory fees which are demanded by different government departments. “Most of the dams are constructed by the local community under food for work or with assistance from non-governmental organisations. Local farmers set …