BINDURA Nickel Corporation (BNC) says it expects nickel prices in 2018 to surpass last year’s levels as demand in steel and batteries soars. Nickel prices have been on a medium-term growth since February, 2016 when prices reached a 13-year low. The price of the metal is a function of developments in the steel industry, car…
THE recently gazetted Insolvency Act has introduced pre-emptive measures to save ailing businesses from liquidation through rehabilitation. The Act, which was gazetted on June 25 as a replacement for the old insolvency law, has introduced “business rescue”, a procedure commonly implemented globally to rehabilitate organisations in distress. The legislation was long overdue as such support…
PRICES of property materials are expected to remain high during the third quarter due to high financing cost, financial service company Old Mutual has said. In its portfolio manager’s report for the second quarter, Old Mutual Securities (OMSEC) said the property sector was facing low demand in the housing market and property-related fixed assets due…
I WAS appointed by the accountant general, Ministry of Finance and Economic Development to facilitate a training workshop on Public Procurement Audit in line with the new Public Procurement and Disposal of Public Assets Act 22:23 which was promulgated in January 2018. The training programme was aimed at enhancing the capacity of internal auditors in…
The resumption of Nigeria’s domestic league has been postponed indefinitely amid a leadership crisis currently rocking the country’s football. Chris Giwa, founder of a rival faction in the Nigerian Football Federation (NFF), armed with a court ruling from 2014, is now claiming to control the governing body. His assertion comes despite serving a ban imposed by football’s…
THE Zimbabwe Stock Exchange (ZSE) is looking for a substantive chief executive officer (CEO) following the dismissal of Alban Chirume who was in suspended in January last year. Chirume was suspended for allegedly sanctioning a listed entity’s cash call, despite reservations from the listing committee. Martin Matanda is been acting CEO February last year. Speaking…
MUTARE — Zimbabwe has tightened its grip on 16 percent of tariff lines on imported goods within the Southern African Development Community (SADC) region in a bid to protect and revive its fragile industrial sectors, the Competition and Tariff Commission (CTC) has revealed. CTC director Ellen Ruparanganda said out of 6 380 tariff lines issued…
THAT Zimbabwe’s economic future is dependent on the outcome of the elections in just over two weeks is clear for everyone to see. An undisputed, globally endorsed election outcome could result in an economic take off, regardless of who wins between the top contenders, Nelson Chamisa, the candidate for the opposition Movement for Democratic Change…
DIVERSIFIED insurance group, Nyaradzo Life Assurance Company, has once again redefined the funeral assurance space by launching a pioneer product, the Sahwira International Plan (SIP), offering air transport, accommodation and transportation for Zimbabweans in the diaspora. Over the last 17 years, Nyaradzo has produced innovative solutions that have redefined the domestic funeral industry. In 2001,…
NICKEL and chrome rebounded in the first three months of the year, buoyed by recovering international prices, the Reserve Bank of Zimbabwe (RBZ) has said. Latest central bank data indicates that nickel output in the first quarter of 2018 ― at 4 747 tonnes ― was 18 percent higher than the 4 010 tonnes produced…
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