November 25, 2024
Export margins slumped by 18 percent during the review period compared to the same period last year, while domestic margins stagnated at last year’s levels. Zimplow said long-term growth will heavily depend on its ability to capture a bigger share of the external markets, adding work is currently underway to…
Zimbabwe’s maximum power demand stands at 2100 mega-watts (MW), against internal dependable capacity of 1700 MW from the Kariba Hydro Power Station (750 MW), Hwange Thermal Power Station (780 MW) and three small thermal power plants with a combined dependable capacity of 170 MW.The three small thermal power…
Documents in possession of The Financial Gazette reveal that the State-owned firm’s workers have since questioned the transfer of nearly US$1,6 million to offset a debt to Zambia’s Investtrust Bank accrued when some managers at its subsidiary, Monarch Steel, in the neighbouring country, failed to service personal loans…
The affected workers have vowed to take any action necessary if management stuck by its position not to award the salary and allowance increment at the end of this month as directed by a labour tribunal.The tea packaging and distribution company lost a court application to be exempted…
Finance Minister, Tendai Biti, failed to make provisions for any meaningful salary increments for the public servants in his Mid-Term Fiscal Policy review statement last month after pleading that the coalition government was technically broke, infuriating civil servants who have been clamouring for living wages.Government employees, including teachers,…
An assessment of the performance of the Second Session of the Seventh Parliament by Veritas revealed that Members of Parliament committed very little time to house business.“As one of the three arms of the State — and perhaps the most important one for an effective democracy — Parliament…
The ZSE-listed BNC, which has previously been rocked by labour disputes, said in a recent announcement to shareholders that competitive salaries were being paid “to a retained core team of employees who are responsible for care and maintenance duties”.“The remaining employees, who do not currently report for work,…
The technical report is expected to be the initial step in resumption of mining operations at BNC’s Trojan Mine, which will require at least US$26,3 million worth of funding, as well as rehabilitation and development of BNC’s other nickel mines.In a notice to shareholders on Tuesday, Mwana Africa…
President Robert Mugabe, Prime Minister Morgan Tsvangirai and Deputy Prime Minister Arthur Mutambara — the country’s quarrelling principals — have all been invited for the summit as SADC leaders try once again to find a lasting solution to the country’s political impasse.“All regional issues affecting SADC will be…
The current 10 governors were controversially appointed on a two-year term by President Robert Mugabe, who initially named eight on August 24 2008 before later announcing the other two for Midlands and Masvingo provinces.The issue of sharing governorship posts in accordance with the Global Political Agreement, which gave…
