STARAFRICA Corporation’s subsidiary, Goldstar Sugars, says the power supply at its plant has remained unstable and water services from the Harare City Council have been “ineffective”. This comes as industry is fretting over increased power cuts and persistent water challenges, which have a direct impact on production. The company however, explained at the same time…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-284991.mp3?cb=1732294703.mp3THE subject of motoring benefits falls under the ambit of what is commonly named as “fringe benefits”. These are awarded to an employee by the employer to save the employee from taking out of their pocket. It must be granted in respect of office or to a holder of an office or in respect of…
EXPORT Credit Guarantee Corporation of Zimbabwe (ECGC) has launched a payments insurance solution to cover importers against losses from non-receipt of goods and subsequent failure of refund of advance payments under import contracts. Zimbabwean companies have for a long time been receiving a raw deal when conducting business outside the country. In a statement this…
ZECO Holdings (ZECO) says it will continue to pursue new strategic directions in order to preserve and enhance shareholder value. ZECO’s shareholders recently approved its strategic pivot from a rolling stock company to a residential and commercial property investment and development company at a meeting held on August 17. “With the country’s economic growth forecast…
ZIMBABWE National Chamber of Commerce (ZNCC) president Mike Kamungeremu says the Reserve Bank of Zimbabwe (RBZ) should lower interest rates, after a recent hike, which he fears will kill business. The central bank raised interest rates to 200 percent from 80 percent to discourage speculative borrowing and contain high inflation, which has been feeding into…
FARMERS across the country have begun to make land preparations for the coming planting season, amid a mixture of hope and anxiety about high costs of inputs, erratic power supplies, funding challenges and adverse weather forecasts. This comes as there are concerted efforts by both the government and the farming community to raise Zimbabwe’s agricultural…
PUBLIC Service minister Paul Mavima says work-related deaths and injuries are costing the country’s economy and urged companies to combine efforts with the government in investing in resilient occupational…
TREASURY has released $14,4 billion and US$16,3 million as payment to farmers for crops delivered for the 2021/22 season, while $1,8 billion and US$2 million remain outstanding. In a statement released after this week’s Cabinet meeting, Information minister Monica Mutsvangwa said harvesting of the 2022 winter wheat crop was gathering pace in many parts of…
RAINBOW Tourism Group (RTG) says business volumes increased significantly in the half year ended June 30, 2022 driven by a strong performance from conferencing activities. The recovery in the conferencing business comes as the slowdown in Covid-19 cases over the first half of the year has resulted in heightened economic activity across all sectors including…
THE total gross premium written (GPW) by Zimbabwe’s micro-insurers increased by 198 percent to $619 million over the half-year to June 30, 2022, an industry report shows. Micro-insurance is typically served through models that include low-income groups, which constitute a considerable portion of the ailing southern African economy’s population. In its latest report on the…
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