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Sunday News

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ZIMBABWE Alloy Smelting Company (Zimasco) will soon retrench more than 1 000 workers after most of its workers refused an offer for voluntary retrenchment tabled early this year by the company as a cost cutting measure in the wake of operational ...

DAR ES SALAAM — Tanzania and China have signed investment deals worth more than $1,7 billion, including one to build a satellite city to ease congestion in the commercial capital Dar es Salaam — deepening Beijing’s ties with East Africa. ...

THE Zimbabwe Tourism Authority has said Professional Conference Organisers (PCOs) must register to improve visibility in the industry or risk losing business to international competitors. ...

PARAMOUNT Garments’ takeover of Archer Clothing is unlikely to be stalled by the pending court case as the creditor protesting the move is in support of the revival of the clothing manufacturing firm but is just seeking recourse on other ...

THE International Monetary Fund has welcomed Zimbabwe’s efforts in trying to address the country’s economic challenges although it said more should be done to ensure additional measures are taken to fast-track policy reform agendas. ...

ACCRA — Standard & Poor’s downgraded Ghana’s sovereign rating by one notch last Friday citing concerns about the cost of financing the country’s high fiscal deficit and doubts about whether the government can reduce it quickly enough. ...

Nqobizitha Dhlamini Sunday News Reporter THE annual Megafest Business Awards that seek to recognise business people who have excelled in various fields in Bulawayo will be held on Friday under the theme “Fostering Economic Growth Through Innovation”. ...

JOHANNESBURG — Black economic empowerment is necessary to build a prosperous society, deputy president Cyril Ramaphosa said last Friday. ...

Thulani Ndlovu Business Correspondent THE High Court last week extended an order of provisional judicial management against former leading textile manufacturer Gloweave (Pvt) Ltd to 31 January next year. ...

COMPANIES in the hospitality industry and those in the retail sector are gearing for anticipated increase in business as the year draws to an end. ...