THE developers of the US$800 million Norton Business Park Special Economic Zone (NBP SEZ) — a massive varied use industrial and housing estate about 40 kilometres west of Harare — are opening up the throttle. In an interview with The Financial Gazette this week, as an international tender for the water treatment works that will…
BARCELONA presidential candidate Jordi Farre told AFP on Tuesday he would work to make sure Lionel Messi stays at the Catalan giants should be elected next month, and hinted at a improbable bid for Neymar by the cash-strapped club. Farre was promoter of the motion that led to previous club chief Josep Maria Bartomeu’s resignation…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-266504.mp3?cb=1732288716.mp3A DIRECTOR can be classified as a non-executive directors (“NED”) or executive director. An executive director is a full-time employee of the company with day-to-day responsibilities. On the other hand, a NED is a member of a company’s board of directors who is not part of the executive team. They do not engage in the…
IT is one thing to have a law that lays out clear procedures and guidelines on development and maintenance of road infrastructure, and another where leaders, administrators and managers take little interest in making use of the law to create internationally-competitive road infrastructure. I say this with particular reference to how the Roads Act [Chapter…
ZIMBABWE must further improve its macro-economic environment if the country is to attract much-needed foreign direct investment, experts say. This comes after Treasury revealed last week that foreign investment in Zimbabwe had contracted by 31 percent, to US$30,6 million during the first 10 months of 2020 — from US$44,5 million last year. For a sense…
A QUIET takeover and shareholder change is looming at Masimba Holdings (Masimba), as a deep-pocketed and acquisitive investor has snapped up a 20 percent stake. This comes as the Zimbabwe Stock Exchange (ZSE) has been hit by a number of deals, including ZB Financial Holdings Limited’s alleged takeover by another bank, Powerspeed and Starafrica corporation’s…
THE government says it has begun reforming Zimbabwe’s pension system, with $70,4 million having been allotted as seed money for a fund to allow the migration of the public service scheme from a pay-as-you-go to a defined benefit. Public service pensions are currently being financed by the fiscus as opposed to an established fund, which…
ON September 20 this year, the High Court handed down a judgment touching on a crucial aspect of labour law and it is only expedient that this judgment be brought to the attention of the reading public. It is a well-written and well-reasoned judgment and applause must be given to Justice Dube for doing justice…
RESIDENT Emmerson Mnangagwa’s government continues to insist that the economy will grow by 7,4 percent in 2021 basing its hopes on firm mineral prices and a good rainy season, which is expected to boost agriculture and electricity production. Authorities also contend that the economy is on a sound footing after completing the Transitional Stabilisation Programme…
BUSINESS leaders have voiced concern over Finance minister Mthuli Ncube’s 2021 National Budget’s “lack of solutions to the funding challenges” faced by industry and corporates. Zimbabwe’s hostile economic environment, with hyperinflation reported at 471 percent for October, has kept both domestic and foreign lending to the private sector at a minimum. Ralph Watungwa, the president…
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