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The purpose of visiting a game reserve is mainly to see animals and also understand their traits, behaviour, character, reputation and image. For one to understand these wildlife qualities there is need to appreciate the work of the conservation and wildlife managers. These are the experts who can inform on the
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The second term is coming to a close and results for the mid-year are in and for some students things haven’t quite worked out the way they had planned. A lot of different thoughts are likely going through their head like “I’m a complete failure” or “People are going to think I’m stupid” or “My parents […]
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Business Focus with Victoria Ruzvidzo Presenting a National Budget or a mid-term review statement has never been an easy feat for any Minister of Finance here or anywhere else in the world no matter how good the economy is performing. There are always issues that need careful treading and expectations are always high the minister […]
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Walter Muchinguri Assistant Business Editor— Zimra’S net revenue collections for the first half of the year fell 6 percent to $1,66 billion against a target of $1,76 billion. On a comparative basis the net collections were 3 percent lower than the $1,72 billion collected during the same period last year. Zimra board chairperson Mrs Willia Bonyongwe attributed
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Business Reporter FINANCE Minister Patrick Chinamasa will tomorrow present the 2015 Mid-Term Fiscal Policy Review Statement, which should contain measures to breathe life into the economy and grow State revenue. “Finance Minister Patrick Chinamasa will present to the House of Assembly and Senate the 2015 Mid-Year
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Focus on manufacturing efficiency, low raw material pricing and cost management saw BAT Zimbabwe report a 39 percent increase in the operating line at $9,74 million in the six months to June. Revenue in the period was at $21,79 million, an increase of 8 percent from last year mainly driven by marginal
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Business Reporter Pretoria Portland Cement is under fire from local construction companies who are accusing it of sidelining them in the construction of the new cement plant in Ruwa in favour of foreign companies. According to inside sources, local companies submitted bids but these were rejected due to a directive from the cement
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Golden Sibanda Business Reporter LIQUIDITY on the Zimbabwe Stock Exchange has dropped continuously since March, plunging 39 percent for the six months to July 2015, with most heavyweight stocks taking major knocks. The latest statistics from the stock market show that liquidity of trades on the bourse totalled $153,66 million
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Martin Kadzere Senior Business Reporter COAL miner Hwange Colliery Company Limited says the bulk of the equipment it recently acquired from India and Belarus has been put into operation, which should translate into increased production in the next few weeks. “All the 17 machines acquired from Belaz of Belarus have been successfully commissioned
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Conrad Mwanawashe Business Reporter MANUFACTURERS gather in Gweru from today to brainstorm on ways to unlock competitiveness at the Confederation of Zimbabwe Industries annual congress. The CZI congress will run until Friday under the theme “Unlocking Manufacturing Competitiveness”. The manufacturers are expected to deliberate
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Sanderson Abel It is a fact that the Credit Reference System was long overdue in the country where each and every monetary policy statement that has been announced has articulated the effects of the growing non-performing loans on our financial landscape. In my article last week, I applauded the central bank for taking a
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MANILA. — Gold hovered near its weakest level since early 2010 yesterday, reflecting investor hesitation to bid up bullion amid the growing expectation of a near-term hike in US interest rates. The Federal Reserve begins a two-day meeting later in the day where policy makers are likely to signal that a rate hike later in
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Johannesburg. — The rand was firmer at midday yesterday as the market awaits the US Federal Reserve’s rate decision today. Markets will look more closely into the tone of the Fed statement for future guidance on rate hikes rather than the decision on rates, which are expected to remain unchanged this week. At 11.30am
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Business Reporter THE Competition and Tariff Commission has approved the acquisition of the assets and liabilities of Pannar Seeds Zimbabwe by DuPont Pioneer in a deal worth about $30 million. The deal consolidates the two companies into a single entity operating under Pioneer Hi-Bred (Zimbabwe) (Pvt) Ltd. “Please be
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Business Reporter— The Reserve Bank of Zimbabwe has disputed claims that an estimated $7,5 billion is circulating outside the formal banking system. Reserve Bank of Zimbabwe director for bank supervision Mr Norman Mataruka told the Oxylink mobile money and digital payments conference it was impossible such a huge