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Masholds goes after axed bosses
Masholds board chairman, Ron Mutandagayi.LISTED property investment and development firm, Mashonaland Holdings (Masholds), has received the green light from the pensions regulator to recover loans paid...
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Government minister says water, power tariffs too high
Deputy Finance Minister, Terrence MukupeA GOVERNMENT minister has said Zimbabwean products and services are the most expensive in the region, largely due to high production costs caused by the cost of...
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Government goes after cash hoarders
President Emmerson MnangagwaPRESIDENT Emmerson Mnangagwa’s government has put a $10 000 cap on cash holdings by individuals, as the new administration seeks to bolster deposits and clamp down on a...
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Government sacks NSSA boss
Ousted NSSA board chairperson, Robin VelaNATIONAL Social Security Authority (NSSA) chairman Robin Vela has been fired amid concerns of rapid politically-inspired leadership changes and instability at...
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Zimbabwe sits on $25 million in unclaimed pensions
$25 million is just lying idle because people are not claiming their pensions.PENSION funds have $25 million in unclaimed pensions from nearly 25 000 pensioners, the majority of whom are migrants, an...
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Zim insurers ask for hard currency from travellers
Zimbabwe insurers are asking for hard currency.LOCAL insurance companies have started asking clients to pay for their travel insurance in United States dollars as Zimbabwe’s foreign currency shortages...
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Adopt rand now: Terrence Mukupe
Deputy Finance Minister, Terrence MukupeZIMBABWE should adopt the South African rand as its official currency on an interim basis as a way of stabilising the economy, deputy Finance Minister Terrence...
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Mutsvangwa’s son appointed to Ariston Holdings board
Neville MutsvangwaSPECIAL advisor to President Emmerson Mnangagwa, Chris Mutsvangwa’s son Neville has been appointed to the Ariston Holdings board by the National Social Security Authority (NSSA), The...
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Rushed Mnangagwa deal to cost Zimbabwe
President Emmerson MnangagwaZIMBABWE could lose approximately $1,1 billion in annual revenue if it ratifies the African Continental Free Trade Area (AfCFTA), inked by President Emmerson Mnangagwa in...
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Aliko Dangote’s team jets in
Aliko DangoteNIGERIAN Billionaire, Aliko Dangote’s team arrived in the country on Monday to explore various investment opportunities.This is the second time that Africa’s richest man, whose wealth is...
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Zimbabwe receives B777 planes
NEW AQUISITION…A Zimbabwe Airways plane, registered as Z-RGM, arrives at the Robert Gabriel Mugabe International Airport yesterday. The plane was the first of four B777s purchased from Malaysia....
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Insurance industry hit by debtors
IPEC is encouraging insurers to write business on a strictly “no premium, no cover” basis.ZIMBABWE’s insurance industry, which has been issuing policies on credit, has been hit by large premium...
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FlyAfrica to start flying next week
The airline was given an ultimatum by the Civil Aviation Authority of Zimbabwe (CAAZ) to either commence operations or risk losing its Aircraft Operating Certificate (AOC) in October last...
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Banks scramble for TBs
Finance Minister Patrick Chinamasa and RBZ Governor John MangudyaZIMBABWE’S banks are scrambling for Treasury Bills (TBs), whose uptake rose sharply last year despite an International Monetary Fund...
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Chiwenga prevails on Beitridge project
Vice President Constantine ChiwengaPRESIDENT Emmerson Mnangagwa’s decision to cancel Geiger International (Gieger)’s contract to dualise the Beitbridge-Harare-Chirundu highway was instigated by Vice...
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Sell off all parastatals: Experts
Finance and Economic Planning, Minister Patrick ChinamasaZIMBABWE must bite the bullet and completely wean off perennial loss-making parastatals to clean up the country’s balance sheet which is weighed...
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Tax debt breaches $4 billion
THE Zimbabwe Revenue Authority (ZIMRA) says tax debt rose 7,21 percent in the first three months of the year to close the quarter at $4,2 billion on the back of tough operating conditions for local...
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Zim Airways ‘baggage’ to haunt ED
Zimbabwe last week took delivery of the first of four Boeing 777 planes procured from Malaysia Airlines for $70 million.GOVERNMENT ignored advice from aircraft manufacturer, Boeing to purchase the B787...
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German firms set conditions
German Chancellor, Angela MerkelGERMAN companies are ready to invest in Zimbabwe, but will only commit themselves to the country when conditions are ripe for investment, The Financial Gazette can...
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China pounces on rail assets
Transport and Infrastructure Development Minister, Joram Gumbo.CHINA Tiesiju Civil Engineering Group (CTCE), one of the world’s largest railroad infrastructure construction firms, has proposed a $2,5...
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