Home / Business (page 9)

Business

Paladium tops gold

Gold just got left behind by one of its sister metals. After a demand-fuelled rally over the past four months that’s seen prices hit a record, palladium for immediate delivery topped gold following a surge  higher. Palladium, which hasn’t traded at a sustained premium to gold in 16 years, has …

Read More »

ED Vows to Recover ‘Looted’ Zinara Funds

By Tendai Mugabe Government will recover all the money looted at the Zimbabwe National Road Administration, President Mnangagwa has said. An audit report by Grant Thornton at the national administrator unearthed massive looting of public funds and financial leakages that were exacerbated by incompetence by senior managers to negotiate contracts …

Read More »

Wheat Shortage Fears Allayed

Zimbabwe has enough stocks of wheat to cover the next four months, Information, Publicity and Broadcasting Services Acting Minister Mangaliso Ndlovu said yesterday. Responding to questions from journalists after yesterday’s Cabinet meeting, Minister Ndlovu said Zimbabwe’s wheat supply was stable. “The country has enough wheat reserves to cover the next …

Read More »

Puma Energy partners Chicken Hut

Michael Magoronga Midlands Correspondent FAST food outlet, Chicken Hut has entered into a partnership deal with Puma Energy that will see the food outlet open outlets at every Puma service station across the country. The deal will see more than 20 outlets being opened by end of 2019 and about …

Read More »

‘Economy should grow by 7% to meet SDGs’

ZIMBABWE’s economy needs to grow by 7% in order to meet the sustainable development goals (SDGs), Ministry of Finance officials told Parliament yesterday. By Veneranda Langa Graciano Nyaguse (director joint ventures unit) and Pfungwa Kunaka (principal director fiscal policy) appeared before the Parliamentary Thematic Committee on SDGs to discuss Zimbabwe’s …

Read More »

National Foods switches off wheat milling machines

ONE of the biggest millers in the country, National Foods Limited (NFL) says it will today switch off its wheat milling machines, citing non-payment of its foreign suppliers, with the country facing possible flour and bread shortages as the foreign currency crunch continues to bite. By NQOBANI NDLOVU Zimbabwe has …

Read More »

Deeds battle shows need to align laws to Constitution

Business Reporters The legal fight between global financier Al Shams Global BV1 Limited and Equity Properties (Pvt) Ltd over title deeds to a piece of land belonging to the latter, has brought to fore challenges local companies face if certain business laws are not aligned to the Constitution. Al Shams …

Read More »

Netone Fined for Service Breach

By Zvamaida Murwira The Post and Regulatory Authority fined NetOne last month for misrepresenting information to its subscribers as the authority vowed that there are no sacred cows when it comes to the enforcement of telecommunication compliance, legislators have heard. POTRAZ director general Dr Gift Machengete said the fine imposed …

Read More »

‘Ditch Old Equipment and Invest in New’

By Africa Moyo Zimbabwe must consider investing in new manufacturing equipment as opposed to “resuscitating” old and dilapidated equipment, if production is to be increased, riding on improved efficiencies, according to Higher and Tertiary Education, Science and Development Professor Amon Murwira. He said this and other policy interventions would see …

Read More »

Forestry Comm to Get 50pc of Tobacco Levy

By Elita Chikwati Senior Agriculture Government has authorised the Forestry Commission to handle 50 percent of the money collected from farmers under the tobacco levy for use in afforestation programmes. The levy was introduced by Government in 2015 for afforestation and was levied on all tobacco farmers at a rate …

Read More »
error: Content is protected !!