Business

#Money Mistake 1: Never borrow money that accrues interest to start a business (except if you are paying for it through your salary); only borrow to grow your business. This is because business takes a long time to gain ground and begin making profit, yet most loans repayments have to …

Brian Chitemba Investigations Editor Former Zimbabwe Revenue Authority Commissioner-General Mr Gershem Pasi who recently resigned after being suspended over 45 charges of misconduct will not walk free as the authority will press criminal charges against him. Zimra board chair Mrs Willia Bonyongwe told The Sunday Mail that serious allegations of corruption …

Darlington Musarurwa Business Editor SHABANIE MASHABA MINE (SMM) has instituted sequestration proceedings against South Africa-based Mr Mutumwa Mawere’s estate to recover more than R18 million that was fraudulently transferred to the businessman’s Petter Trading. A sequestration order will make the former industrial magnate technically insolvent. Under South Africa’s insolvency laws, …

Tobacco Sales Floor (TSF) managing director, Mary Machingaidze, is embroiled in a potential conflict of interest case after it emerged a company owned by her husband, David, is allegedly buying the golden leaf from TSF premises. By Fidelity Mhlanga David owns Ethical Leaf Tobacco, a contract tobacco firm. Farmers taking …

https://www.dailynews.co.zw/articles/2017/05/25/ok-zim-in-11m-capex    

Zimbabwe tobacco is booming, but farmers growing it are not HARARE, Zimbabwe (AP) — Farmer Simon Kahari recently sold tobacco worth more than $6,000 at an auction in Zimbabwe, a small fortune reflecting the golden leaf’s resurgence in this southern African country. Yet because of Zimbabwe’s dire economic problems he …

By Godfrey Marawanyika (Bloomberg) — Zimbabwe to redistribute underutilized farms from newly resettled black farmers, while those with more than one farm will be asked to relinquish them and give them to those who have yet to benefit from the land-reform program, President Robert Mugabe tells supporters at a Zanu-PF …

Harare – President Robert Mugabe’s Zanu PF party wants the ageing leader to reverse the sale of Barclays Bank of Zimbabwe (BBZ) to First Merchant Bank of Malawi (FMB), as the sale contravenes the country’s indigenisation laws. Barclays Plc on Tuesday agreed terms with FMB for the sale of BBZ. …

Rumbidzai Bvunzawabaya nee Midzi Rumbidzai Bvunzawabaya is the sole principal of RBM Solicitors Coventry England. She is a published author of Girl in the Mirror. She the founder of Migrant Family Support, a non profit organisation supporting migrant families in the UK. She is a trustee for Tugwi Trust a …

Rejoice Bhila Kwaramba Entrepreneur Author, Speaker Born in 1983, Rejoice Bhila Kwaramba lived her early life in Zimbabwe before she moved to England in 2002. On getting to England, she worked as a retail manager for 6 years and then proceeds to the University of East London where she graduated with …