THE return of Brendon Taylor — who plays all formats of the game — could be what the doctor ordered at a time Zimbabwe Cricket slumped to a new low, after Pakistan scripted a 5-0 whitewash against the Chevrons in a One Day International (ODI) series last month. In a lopsided series, Pakistan won two…
FROM being held 23 all by Morocco in Harare last month, to going down 45- 34 in Nairobi at the hands of Kenya, to sleeping on the streets in Tunis before losing 18-14 to Tunisia, the Sables quests to qualify for next year’s Rugby World Cup in Japan seem to have gone up in smoke.…
ASIAN transport giant China Tiesiju Civil Engineering (CTCE) last week signed a Memorandum of Agreement (MOU) with Harare on multi-million dollar rail projects. Shao Gang, CTCE vice president and senior engineer, said the MOU was for the construction of the 24km Harare-Chitungwiza railway line and another 1 700km line from Binga to Nampula, near the…
THE Insurance and Pensions Commission (IPEC) wants insurance penetration to reach 20 percent next year from the current level of about five percent. This comes as insurance is viewed as a luxury and unaffordable to many due to subdued disposable incomes. Zimbabwe’s insurance penetration rate, which reached a high of 10 percent in the early…
ECONET has hinted that it may venture into telematics insurance following the recent launch of its motor insurance service, EcoSure Moovah. Telematics insurance is car insurance where the premiums are quoted based on driving behaviours of the policy holder as recorded by a device fitted to the vehicle. It has emerged as a popular trend…
THE current subdued performance of most Zimbabwean companies is a reflection of the deepening foreign currency crisis, rather than productivity, a listed firm’s executive has argued. Rob Webster, managing director of Zimbabwe Stock Exchange-quoted cables manufacturer — Cafca, said the situation had been exacerbated by the different perceptions on the value of the United States…
BINDURA Nickel Corporation (BNC) says it expects nickel prices in 2018 to surpass last year’s levels as demand in steel and batteries soars. Nickel prices have been on a medium-term growth since February, 2016 when prices reached a 13-year low. The price of the metal is a function of developments in the steel industry, car…
THE recently gazetted Insolvency Act has introduced pre-emptive measures to save ailing businesses from liquidation through rehabilitation. The Act, which was gazetted on June 25 as a replacement for the old insolvency law, has introduced “business rescue”, a procedure commonly implemented globally to rehabilitate organisations in distress. The legislation was long overdue as such support…
PRICES of property materials are expected to remain high during the third quarter due to high financing cost, financial service company Old Mutual has said. In its portfolio manager’s report for the second quarter, Old Mutual Securities (OMSEC) said the property sector was facing low demand in the housing market and property-related fixed assets due…
I WAS appointed by the accountant general, Ministry of Finance and Economic Development to facilitate a training workshop on Public Procurement Audit in line with the new Public Procurement and Disposal of Public Assets Act 22:23 which was promulgated in January 2018. The training programme was aimed at enhancing the capacity of internal auditors in…
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