Parly welcomes gvt action against corruption

The National Assembly on Tuesday welcomed action the Government has taken so far in dealing with corruption scandals that have rocked the country since the beginning of the year. There have been revelations of scandals involving parastatal bosses who were earning astronomical...
Posted On 08 Apr 2014

Zesa, finish the job at hand first

So, power utility Zesa Holdings wants to phase out the newly installed prepaid meters and switch to smart units which they say are more tamper-proof. Zesa says most of the prepaid meters they have installed are being tampered with and prejudicing the power utility of much needed...
Posted On 08 Apr 2014

Zimra, Ministry of Finance give contradicting Q1 revenue stats

BH24 Reporter The Zimbabwe Revenue Authority (Zimra) says it managed to surpass its targeted revenue collection for the first quarter as Government battles to meet the April deadline to give civil servants a pay rise. Zimra Commissioner General Gersem Pasi told the Parliamentary...
Posted On 08 Apr 2014

Medtech revenues up 14 percent

BH24 Reporter Pharmaceuticals manufacturer MedTech Holdings’ revenues grew by 14 percent to $15,7 million last year due to strong demand in its distribution business. The financing cost of the group reduced 10 percent in line with lower interest rates. The group’s...
Posted On 08 Apr 2014

Zim losing millions through the borders daily

By Rumbidzayi Zinyuke *Zimra proposes to further cap amount that is allowed to pass through country’s borders The country is facing serious cash leakages which have resulted in millions of dollars passing through the borders into neighbouring countries on a daily basis, an...
Posted On 08 Apr 2014

ZSE Review (Tuesday 8 April)

The Industrials today index gained 0.61 points to settle at 176.99. The gain was largely driven by a positive performance by blue-chip company Delta. Delta added 0.10c to trade at 115.10c. Also trading in the green was Starafrica, which advancing 0.05c at 0.95c. Nicoz Diamond...
Posted On 08 Apr 2014

ABC Holdings avails $25 million facility for agriculture

BH24 Reporter ABC Holdings Limited has signed an agreement with the Africa Agriculture and Trade Investment Fund (AATIF) that has resulted in a $25 million funded risk sharing facility becoming available to agriculture. The facility will benefit Zimbabwean agriculture, and will...
Posted On 08 Apr 2014

Manungo non-committal on civil servants salary hike

The Government is still mobilising resources to ensure it fulfils its promise to increase salaries for civil servants this month, a senior official said on Monday. The Government last year pledged to increase civil servants salaries to Poverty Datum Line levels of around $511...
Posted On 08 Apr 2014

Gvt engages Comesa on Bulawayo industry resuscitation

By Lynn Murahwa The Common Market for Eastern and Southern Africa (Comesa) has recommended that Government should rejuvenates economic enablers such as electricity, water, infrastructure and coal if Bulawayo is going be revived as an industrial hub. This follows a study that was...
Posted On 08 Apr 2014

Gvt suspends import duty on powdered milk, bottler grade sugar

BH24 Reporter Government has suspended import duty on powdered milk and bottler grade sugar brought into the country by approved importers until June 30 this year. According to the Government Gazette of April 5, the suspension was made in terms of section 235 as read with section...
Posted On 08 Apr 2014
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