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Civil servants, govt headed for showdown

Labour unions representing key professions within the public service are now busy consulting their members on the next course of action.On Tuesday, Public Service Minister, Eliphas Mukonoweshuro, unveiled a revised grading system for civil servants including a new salary scheme, but kept the figures a closely-guarded secret.The Financial…

Cabinet presses PM on sanctions

The new assignment is consistent with the Global Political Agreement (GPA) signed between the country’s main political parties last year.Article IV of the GPA states that the inclusive government shall advocate for the removal of targeted sanctions, which President Mugabe blames for Zimbabwe’s economic collapse.The travel and financial…

NRZ decline affects mineral exports

A report by the Minerals Marketing Corporation of Zim-babwe (MMCZ) raised serious concerns about the government's reluctance to recapitalise the state-run parastatal, warning economic turnaround could be elusive without a well functioning NRZ.The MMCZ report dated February 3 2009 and was presented before Parliament last week said planned…

TPH on track

TPH’s strategic business units (SBUs) namely Barzem Enterprises (joint venture with Barloworld Equipment), and divisions Farmec, Northmec and Puzey and Payne are positioned on a firm trading platform going forward to the end of next month.In a statement, TPH said its trading volumes while subdued due to low…

Mugabe bows down

The Financial Gazette can exclusively reveal that President Robert Mugabe had to climb down from his previous position that the Kariba Draft be the sole reference point in the constitution-making process after his arch-rivals threatened to withdraw from the shaky political deal.Sources privy to the discussions of the…