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Sunday News

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Ngonidzashe Chiutsi Business Correspondent A NUMBER of businesses once housed in buildings in Bulawayo’s Central Business District have either closed or relocated to suburban locations because of increasing rentals and lack of business. ...

Dumisani Nsingo Senior Business Reporter PIG producers in consultation with Government and other agencies are putting final touches to meet pork export standards following a preliminary agreement to export to Angola as local demand has remained depressed. ...

Nqobizitha Dhlamini Business Reporter SUSPENDED insurer Altfin Insurance has reportedly stopped paying its workers’ salaries and packages as coffers have dried up, almost a year after it was suspended by the Insurance and Pensions Commission from writing new business. ...

THE talks on how most companies will be able to meet a new Government directive to come up with new indigenisation plans in liaison with line ministries is likely to shape the direction of the trading at the equities market, analysts think. ...

Gabriel Masvora TOWARDS the end of the last year, the Reserve Bank of Zimbabwe introduced the use of bond coins to deal with the shortage of smaller denominations of the dollar after the American currency had elbowed other currencies to become the preferred mode of exchange although on paper the country uses multi-currencies. ...

Nqobizitha Dhlamini Business Reporter SMALL to medium scale miners’ representatives are set to visit China by next month to purchase equipment under a Government facilitated programme which will see machinery worth more than $100 million being procured to aid miners boost production. ...

SCORES of Zimbabweans have lost thousands of dollars after fraudsters contacted them using text messages that they had won large sums of money in a prize draw allegedly run by a local retailer. ...

Roberta Katunga Senior Business Reporter ELEPHANT population in the Hwange National Park is ballooning and posing a threat to food security as well as putting a lot of pressure on the environment amid revelations that the park has about 45 000 jumbos against its carrying capacity of 15 000. ...

Roberta Katunga Senior Business Reporter A MICROFINANCE institution, Construction Financial Services, has been launched in Bulawayo with the main objective of funding construction services as part of a response to Government efforts to meet target envisaged in its economic blue print — the Zimbabwe Agenda for Sustainable Socio-Economic Transformation. ...

Roberta Katunga Acting Business Editor THE post of National Railways of Zimbabwe general manager will be filled soon with about 40 prospective candidates having applied to head the struggling parastatal to replace Air Commodore (Retired) Mike Karakadzai who died late in 2013 in a car accident. ...