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Monday, December 9, 2019

Business

Mail and Telegraph Business News

Harare - Metbank has fortified its Trade and Export Finance Division by engaging a Senior Experten Service (SES) Expert to provide expertise as part of efforts to strengthen its Trade and Export Finance offering. In a statement Metbank head of Trade and Export Finance Pamela Muzenda said the move is...
Harare - Tensions, accusations and counter accusations have rocked Zimbabwe’s biggest coal miner amid reports of corporate governance deficit, clash of cultures, egoes and massive corruption between the Hwange Colliery Company Limited (HCCL) board and its management. Investigations reveal that the accusations have clouded development resulting in questions being raised whether...
Harare - Government has urged pharmaceutical companies to accept medical aid schemes, reaffirming that the US dollar and Bond have an equal value. Private hospitals and pharmacies have been refusing to accept payment in bond notes as well as medical aid cards. Addressing delegates at the handover of donations towards cholera, Health...
Harare - The Confederation of Zimbabwe Industries (CZI) has urged the government to ensure the two cents per dollar transactional tax is only a short term measure and proposes it ends by December 2019. In an press statement read at the CZI offices in the capital on Friday, the organisation’s president...
Harare - Grain millers say locally produced wheat is only suitable for making cakes and biscuits with the country having to dig deeper in its dry pockets if it is to meet the demand for bread wheat. Briefing journalists in Harare Grain Millers Association of Zimbabwe (GMAZ) chairman Tafadzwa Musarara said...
Harare - A registrar at the deeds office yesterday testified at the Harare Magistrate's court in a fraud matter that implicates prominent businessman Frank Buyanga. Allegations are that sometime in August 2009, one Steven Nyoka entered a loan agreement of $19,000 with Buyanga's company, Orton Drift and was made to sign...
Harare - The Zimbabwe Congress of Trade Unions (ZCTU) has planned massive demonstrations across the country’s major cities and towns in protest to a two percent tax deduction on all mobile and electronic money transactions. This comes on the backdrop of the reviewed Intermediated Money Transfer Tax from 5 cents per...
Harare - The trial for the controversial businessmen, Wicknell Chivayo and Genius Kadungure who are being charged for allegedly defrauding two local businessmen about six years ago has commenced. The two are facing fraud charges to the effect that sometime in November 2012 Chivayo connived with Kadungure to create a fictitious...
Bulawayo - A total of 218 direct exhibitors have booked exhibition space which compares favourably to last year’s closing total of 153 direct exhibitors; representing a 42% increase, as the regional Mining, Engineering and Transport (Mine Entra) exhibition roars into life in Bulawayo today (Wednesday). The exhibition that ends on Friday...
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