FINANCE minister Mthuli Ncube says the government will starting in January next year, list debt instruments on local exchanges to reduce costs and to broaden Zimbabwe’s capital markets. The country’s three securities exchanges — the Zimbabwe Stock Exchange (ZSE), the Financial Securities Exchange (FINSEC) and the Victoria Falls Stock Exchange (VFEX) — currently do not…
THREE-time Grand Slam tennis winner Andy Murray believes Formula 1 champion Lewis Hamilton deserves to join him as a British sporting knight. Reports have suggested that Hamilton, who won a record-equalling seventh title last week, will be awarded a knighthood in the New Year Honours. “In terms of what he has achieved as an athlete, of…
SOME discussions are just worth repeating because some readers appear not too keen on the advice that this column gives, and yet mistakes that I have warned against continue happening. In early 2006, I warned readers about the inherent dangers that one may face when negotiating an agreement of sale. However I have realised that…
In most Southern African cultures, paying lobola is still very common. Lobola means bride price or dowry. While some of the younger generation see lobola as expensive or unnecessary, the other side of the coin is that it is a sign of giving thanks to the bride’s parents for raising the woman that you fell…
AUTHORITIES are coming under growing pressure to implement new measures that will lift Zimbabwe’s manufacturing capacity — to stem the dumping of sub-standard goods in the country, including poor quality vehicles mainly from East Asia. This comes as Auditor-General Mildred Chiri has noted that Zimbabwe imported a staggering 239 042 second hand vehicles between January…
A CHINESE firm, Wuhu Volibear New Energy Company (Wuhu), says it is exploring the Zimbabwean market with a view to partner a local dealership in the manufacturing of electric cars. This comes as some companies in the country, including Zesa Holdings, have been exploring the possibility of switching to electric cars as a cost-cutting measure.…
LISTED mining company RioZim Limited (RioZim) has won a Supreme Court appeal barring an army-owned firm, Rusununguko Nkululeko (Private) Limited (Rusununguko) from grabbing its Darwendale chrome mine after declaring the property a cantonment area. In a judgment delivered in court on Tuesday against Rusununguko and Falcon Resources owned by two foreign nationals, chief Justice Luke…
ZIMBABWE’S Deposit Protection Corporation (DPC) says it has regained control of closed Interfin Bank (Interfin) after a tussle with businessman Jayesh Shah’s Al Shams Global (Al Shams). This comes as the Supreme Court (SC) in February reversed Al Shams’s 2016 High Court win, and also directing the benighted bank to repay $26 million for contracts…
With a Brexit deadline just days away, Britain’s biggest car plant “will not be sustainable” if there is no deal, Nissan has warned. The company employs 7,000 workers at its Sunderland factory but said that increased tariffs would raise costs. It cautioned that any delay in overseas supplies of parts because of new customs checks…
THE local banking sector plays a key role in creating an environment for a dependable foreign currency exchange system to avoid currency fluctuations, encourage investment, contain inflation and circumvent devaluation of the local currency, the Reserve Bank of Zimbabwe (RBZ) has said. Officially opening the 2020 Institute of Bankers of Zimbabwe (IOBZ) Summer Banking School…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More