November 30, 2024
GOVERNMENT’S capacity to deal with floods has been brought into question following its dismal failure to mitigate against the floods that wreaked havoc around the country in the last few weeks when incessant rains fell. With early warnings of the consequences of heavy rains that lashed most parts…
AS rainfall enters the second half of the season, agricultural prospects for 2015 remain subdued due to lack of funding and heavy rainfalls which have negatively affected agricultural activities across the country, it has emerged. Agricultural experts said lack of agricultural finance had dampened the prospects of achieving…
ZIMBABWE’s trade deficit stood at $3 billion between January and November last year as the economy continued its overreliance on imports, latest trade data from the Zimbabwe National Statistics Agency (Zimstat) shows. Data released by Zimstat showed that imports in the first 11 months of the year stood…
THE South African Department of Home Affairs had received more than 200,000 applications for special dispensation permits by Zimbabweans out of a potential 245,000 on December 30, it reported. The special permits are required by Zimbabweans who are legally working, studying or operating businesses in South Africa in…
DELTA Beverages has announced a price slash on beer following Minister Patrick Chinamasa's budget statement where he revealed the reduction of excise duty on clear beer from a rate of 45% to 40% ad valorem with effect from January 1, 2015. The new prices will result in Zimbabwean…
DAV WHATMORE is expected to be appointed as Zimbabwe's coach ahead of the 2015 World Cup, replacing Stephen Mangongo who was sacked from the position earlier in December after a five-month tenure. The support staff will also include a new batting coach, who is yet to be named,…
ZIMBABWE's new Indigenisation Minister Christopher Mushowe says foreign investors are "very lucky" to get 49 percent shares in businesses they have set up. In his first comments on President Robert Mugabe's indigenisation policy since his appointment earlier this month, Mushowe said: "In fact 49 percent is the maximum…
CONFIDENCE in the banking sector is set to increase in 2015 at the back of various initiatives the Reserve bank of Zimbabwe is considering in a bid to restore stability in the sector, John Mangudya said. Mangudya said the central bank has earmarked 2015 for development and transformation…
WHAT a year in politics 2014 has been! Movement for Democratic Change (MDC-T) leader, Morgan Tsvangirai and his party set the ball in motion for the high octane drama that left Zimbabweans spellbound all year round. Right on New Year’s Day, Zimbabweans woke up to the news that…
THE Ministry of Agriculture has blocked a planned auction of Cold Storage Company (CSC) assets in Marondera, thwarting efforts by workers to recover unpaid salaries, the Financial Gazette can report. The move, two week ago, temporarily saved the beleaguered parastatal, with workers’ lawyer, Moses Nkomo, saying government has…
