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CSC meat sales scam sucks in senior accountant PDF Print E-mail
Saturday, 22 December 2012 19:51

Business Reporter

THE probe into the misappropriation of funds meant to pay the Botswana Meat Commission by the troubled Cold Storage Company (CSC) under a deal signed between the Governments of Botswana and Zimbabwe is still raging on amid revelations that the parastatal’s senior accountant has been suspended for allegedly being involved in the scam.

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Chrome exports to resume PDF Print E-mail
Saturday, 22 December 2012 19:50

Dumisani Nsingo

Business Reporter

EXPORTS of chrome will resume early next year as the Minerals Marketing Corporation of Zimbabwe (MMCZ) has acquired two weighbridges to be used at two of the country’s strategic exit points to avoid the smuggling of the mineral outside Zimbabwe.

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Vic Falls hotels, lodges fully booked for festive season PDF Print E-mail
Saturday, 22 December 2012 19:50

Roberta Katunga

Business Reporter

HOTELS and lodges in Victoria Falls and Kariba are fully booked for the festive season amid revelations that this year’s figures of tourists’ arrivals will surpass the prior year with domestic tourists constituting the majority.

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13 companies placed under judicial management this year PDF Print E-mail
Saturday, 22 December 2012 19:49

Thokozani Ndlovu

Busines Reporter

AT Least 13 companies were placed under judicial management in Bulawayo this year as the city continues to face massive challenges that have almost brought industry in the second capital to its knees.

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Hunyani Holdings relocates to Harare PDF Print E-mail
Saturday, 22 December 2012 19:48

Business Reporter

ONE of Bulawayo’s biggest companies, paper and board manufacturer, Hunyani Holdings Limited, will wind up its operation at Hunyani Printopak, its Bulawayo unit, in March next year.

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Govt urged to apply anti-dumping measures PDF Print E-mail
Saturday, 22 December 2012 19:46

Business Reporter

ZIMTRADE has challenged the Government to apply anti-dumping measures to curb the influx of substandard goods in the country that have led to the demise of the local industry.

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Kamativi Tin Mine reopening hits snag PDF Print E-mail
Saturday, 15 December 2012 16:44

Roberta Katunga

Business Reporter

THE revival of Kamativi Tin Mine has been put on hold after the prospective South African investor failed to pay commitment fees, a senior Government official has said.

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Insurance sector operating far below capacity PDF Print E-mail
Saturday, 15 December 2012 16:43

Ngonidzashe Chiutsi

Business Correspondent

THE insurance sector is still operating far below capacity due to low confidence in the sector and the depressed state of the country’s economy, an official has said. 

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ZPHT engages Mberengwa Council on residential stands PDF Print E-mail
Saturday, 15 December 2012 16:42

Ngonidzashe Chiutsi

Business Correspondent

THE Zimbabwe Project Housing Trust (ZPHT) is in the process of engaging Mberengwa Rural District Council to unveil land for the purpose of developing low-income housing stands for middle-income earners in the Midlands Province.

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NRZ introduces new freighting service PDF Print E-mail
Saturday, 08 December 2012 20:06

Business Reporter

THE National Railways of Zimbabwe (NRZ) has launched new freight trains on the main line as a way of enhancing operational efficiency.

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HLB embarks on income generating projects PDF Print E-mail
Saturday, 08 December 2012 20:04

Dumisani Nsingo recently in Hwange

HWANGE Local Board (HLB) has embarked on various income-generating projects in a bid to augment its revenue collection base which is being crippled by non-payment of rates by residents and institutions that owe the local authority over US$1 million.

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New microfinance threshold PDF Print E-mail
Saturday, 08 December 2012 20:03

Thokozani Ndlovu

Business Reporter

THE Zimbabwe Association of Microfinance Institutions (Zamfi) has set new minimum capital requirements for microfinance and money-lending institutions, a move meant to ensure that the companies have adequate funds to stimulate local economies by providing finance for small businesses.

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