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Business Reporter AGRIBANK is looking to whittle down the level of its non-performing loans to below 10 percent of the loan book by December this year, managing director Sam Malaba has said. A total of $17 million NPLs have already been offloaded to the Reserve Bank’s, Zimbabwe Asset Management Company, and another huge chunk could go […]
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Business Reporter Plastic pipe manufacturer, Proplastics is lobbying Government to remove duty on imported raw materials used in plastic pipe manufacturing in order to create a level playing field with regional competitors. Proplastics managing director Kudakwashe Chigiya told analysts that paying duty on raw materials has rendered locally produced products uncompetitive compared to regional counterparts.
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The last months of the year are filled with the hustle and bustle of attempts to complete a year’s goals and make sure that there is achievement as many prepare for a festive season filled with festivity and joy. For the student, the “Red Sea” of examinations is firmly set before them, and for them to […]
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Business Reporter The Reserve Bank of Zimbabwe will not force the public to use bond notes but is rather trying to monetise the five percent export incentive without doing away with the multi-currency regime, Central Bank Governor Dr John Mangudya said. Speaking at the Confederation of Zimbabwe Retailers Statutory Instrument 64 of 2016 breakfast meeting on […]
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A total of 196,5 million kilogrammes of tobacco worth $578,5 million have been sold since the 2016 marketing season commenced in March this year, latest statistics from the industry regulator show. Final statistics for the season, which ended on August 5, will be released after conclusion of mop-up sales next Tuesday.
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Business Reporter ALLIED Timbers is looking at increasing utilisation of harvested trees from about 40 percent, a move that is expected to increase volumes and revenue, CEO Dr Daniel Sithole said. “We will be looking at which products can we make from the 60 percent that we are throwing away and this is also in line […]
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Business Reporter AMENDMENTS to the current legislation governing Zimbabwe’s mining sector will require foreign listed mining firms to invest over 85 percent of funds raised offshore towards developing local mines. This forms part of new provisions in the Mines and Minerals Amendment Bill, presently going through Parliament, which also requires public companies to have the majority […]
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Business Reporter NMB Bank Zimbabwe is set to launch a low cost bank account, NMBlite, which with no monthly bank charges, as part of its drive to make banking accessible to everyone. A Zimswitch-enabled NMB Access debit card issued to NMBlite account holders can be used to draw money from Automated Teller Machines It can also […]
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Assets belonging to closed Trust Bank Corporation, which is under liquidation, will next week go under the hammer as the Deposit Protection Corporation (DPC) moves to mobilise funds to compensate depositors and creditors affected by closure of the financial institution. Trust Bank is one of the several failed financial institutions that the Reserve Bank of Zimbabwe […]
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Business Reporter One of the country’s leading hardware and electrical goods suppliers Nations Hardware and Electrical this week held a two-day training workshop for electric fence installers as part of the national initiative of empowering citizens with life skills. The skills transfer training workshop fits well within Government’s economic empowerment policies and Zim-Asset economic blueprint which […]
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Business Reporter The Insurance Institute of Zimbabwe (IIZ) will hold its annual winter school in Nyanga next week. The winter school, which will run under the theme: “Going back to basics with a dynamic new mind set in insurance”, starts on August 21 and ends on August 24. IIZ general manager Mr George Chikava said that preparations […]
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If you have been looking for the fastest internet connection possible, you likely will have heard of fibre (fibre optic broadband). The latest advancement in broadband technology, fibre optic broadband promises super-fast speeds for all of your daily internet needs. But what is fibre optic internet? Simply, fibre optic communication is a method of transmitting information from one […]
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Matthias Ruziwa : HR Issues “If change is managed without due regard to the implications for workplace relations and trust, it becomes so much harder to make the changes work. Trust levels also suffer tremendously, not to mention the impact it could have on the organisation’s core values.” In Zimbabwe, organisational change is increasingly the norm owing […]
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Victoria Ruzvidzo Business Focus The debate and even confrontation in some instances elicited by Statutory Instrument 64 since its launch a few months ago brings to the fore the need for Government to consult widely before policies are introduced if these are to elicit the intended response and results.
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Dr Gift Mugano The Ministry of Small and Medium Enterprises and Cooperative Development is finalising Micro Small and Medium Enterprises (MSMEs) formalisation strategy. As we rally in supporting this important thrust, I found it necessary to look at the experience of Costa Rica. By and large, the economic structure and geographical factors of Costa Rica are […]