Another Bulawayo company faces collapse

A local (Bulawayo) button-making firm, Coronet Buttons and Plastics, is reportedly facing imminent collapse after its general manager quit last month due to mounting salary arrears, dating back to December last year.The firm's 39 employees had not been paid over the past six months.The company incorporates Heliotextile Africa.The workers said the general manager, Msoka Banda, resigned in March over mounting debts, leaving the firm under the control of an accountant identified as Mzingaye Mdlawuzo."It appears no one owns this company at the moment. Only the accountant is in charge," said a worker."We have not been paid for six months. We are at times given $5, $10, $20 or $50 per month. As at December last year, we are owed a total of $42 000 in unpaid salaries."Mdlawuzo declined to comment on the matter.The workers said they would soon seek government intervention for the eventual takeover of the firm and to expedite the release of thei...Read more

ZITF to block public from future exhibitions

2012 May 03 | 1417 Views
Zimbabwe International Trade Fair Company is planning doing away with public days and transform the exhibition into a proper business platform.This year, the trade fair had just two days on which the ...

by Alois Sibanda

Trade Fair ends on a high note

2012 April 29 | 1572 Views
On Saturday the 53rd edition of Zimbabwe International Trade Fair (ZITF) ended with over 40 000 people paying to catch a glimpse of some of the best exhibitions on display. Industry and Commerce Minis...

by Bhebhe Mandla

Zimbabwe-China set to make Bulawayo a special economic zone

2012 April 28 | 1682 Views
THE Ministry of Economic Planning and Investment Promotion and China have pledged to work together and make Bulawayo a special economic zone. This was revealed at the Zimbabwe-China conference held at...

by Staff reporter

ZITF roars into life today

2012 April 24 | 1281 Views
THE 53rd edition of the Zimbabwe International Trade Fair (ZITF) begins in Bulawayo today amid calls for businesses to take advantage of the showcase to strike deals that would help revive the city's ...

by Staff reporter

Dr Labode steps down as Matabeleland CZI President

2012 April 17 | 1383 Views
A Technical director at Dunlop in Bulawayo has been elected to head the Matabeleland chapter of the Confederation of Zimbabwe Industries (CZI).Although details are still sketchy, Bulawayo24 understa...

by Alois Sibanda

Threats of foreign bank seizures heighten

2012 April 12 | 1459 Views
National Indigenisation and Economic Empowerment Board chairperson, David Chapfika, has backed controversial Indigenisation Minister Saviour Kasukuwere's stance on the takeover of foreign banks sayin...

by Bhebhe Mandla

Zim Labour Act oppressing women

2012 April 11 | 1439 Views
Professional women have described the country’s Labour Act which grants working women a maximum of three paid maternity leave periods as oppressive and have called for its review.Section 18 sub sec...

by Staff reporter

Willowvale and two local banks working on loan facility

2012 April 09 | 1724 Views
Willowvale Mazda Motor Industries and two local banks are working on a facility which will enable Zimbabweans to purchase vehicles from the company on credit.The repayment period will be two years. Bu...

by Staff reporter

Local workers and foreign employers in labour wars

2012 April 08 | 1925 Views
Zimbabwe has, in recent years, witnessed an influx of foreign business-people most of whom have set up lucrative ventures across the country notably in manufacturing, construction and mining, among ma...

by Staff reporter

MacDonald Bricks shut down, workers protest

2012 April 02 | 776 Views
Workers at MacDonald Bricks in Bulawayo on Monday demonstrated over the forced closure of the firm on Saturday accusing management of not being pro-active.Two weeks ago, the Environment Management Age...

by Alois Sibanda

Bulawayo is ready to establish joint ventures with SA says Mayor

2012 March 29 | 779 Views
Bulawayo City Council (BCC) has told a South African business delegation that it is willing to establish joint ventures to revive the industry sector in the city.In his speech Mayor Thaba Moyo said...

by Alois Sibanda

Local firms cry foul as only one Dimaf application is approved

2012 March 21 | 518 Views
ONLY one Bulawayo company has had its application for funding under the Distressed Industries and Marginalised Areas Fund approved. Most other organisations have failed to meet the stringent requirem...

by Staff reporter

Gono to expose Matabeleland businessmen for shunning region

2012 March 15 | 708 Views
RESERVE Bank of Zimbabwe Governor Gideon Gono has threatened to expose investors based in Harare but originally from Matabeleland for shunning their home provinces.Gono said locals are shunning the r...

by Alois Sibanda

ZITF board still unaware who will officially open the Trade Fair in April

2012 February 28 | 552 Views
Zimbabwe International Trade Fair Company board members are in the dark as to who will officially open the 53rd trade exhibition in Bulawayo in April.The trade fair is set to run from April 24-28 unde...

by Alois Sibanda

Only three Bulawayo companies benefit from distressed companies fund

2012 February 16 | 522 Views
ONLY three companies have so far benefited from the Distressed Industries and Marginalised Areas Fund (Dimaf) as several have been turned down due to the stringent conditions that were set by the disb...

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Ingwebu set to lease 18 beer outlets

2012 February 14 | 532 Views
THE Bulawayo Municipal Commercial Undertaking (BMCU) liquor firm, Ingwebu Breweries, is franchising out 18 of its beer outlets in Bulawayo, which are facing viability problems.The retail business has...

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ZITF 2012, 75 percent space taken by exhibitors

2012 February 05 | 639 Views
AT least 75 percent of exhibition space at the Zimbabwe International Trade Fair grounds has been snapped up by exhibitors as preparations for the 53rd edition of the Zimbabwe International Trade Fai...

by Staff reporter

Australian mining house buys Bulawayo gold mine

2012 February 03 | 532 Views
PERTH - Gold explorer Eldore Mining has signed an agreement to acquire the Lonely gold mine, in Zimbabwe, for $4.4 million.The mine, located about 80 kilometres north of Bulawayo in the gold producin...

by Ndou Paul

Only 28 Bulawayo companies apply for Distressed Industries and Marginalised Areas Fund: Manungo

2012 February 03 | 541 Views
State media reports that ONLY 28 companies in Bulawayo have applied for the Distressed Industries and Marginalised Areas Fund (Dimaf), which is being disbursed through CABS, a Government official sa...

by Staff reporter

Only 58 Bulawayo companies to benefit from the $48 million fund

2012 January 25 | 508 Views
THE Government has shortlisted 58 Bulawayo companies to benefit from the $40 million under the Distressed Industries and Marginalised Areas Fund (Dimaf), an official said yesterday.In a telephone inte...

by Staff reporter

Bleak future for Bulawayo firms

2012 January 19 | 496 Views
BULAWAYO - Inexplicable delays in the disbursement of the much-awaited Distressed Indu-stries and Marginalised Areas Fund (DIMAF) have left most companies clutching at the straws for survival as they ...

by Staff reporter

Five companies to invest in Binga

2012 January 04 | 545 Views
Zbc News on Wednesday reported that more than five mining companies have expressed interest in investing in coal in Binga.The move is expected to increase coal supplies for the local industry as well ...

by Staff Reporter

Govt promises more jobs in 2012

2012 January 01 | 491 Views
About 45 community trusts together with 75 employee and 35 management share ownership schemes are set to be unveiled this year while industry’s capacity utilisation is expected to rise to about 80 p...

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More than 4000 workers lost their jobs in 2011

2011 December 31 | 484 Views
The year 2011 has been described as the bad year for workers as over 4000 employees were retrenched due to downsizing taking place in many companies, ZBC News reported on Friday.Labour expert Mr Memor...

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AAG blames foreigners for high rents in retail sector

2011 December 25 | 517 Views
The Affirmative Action Group (AAG) has raised concerns over the continuous licensing of foreigners in the retail sector saying the move disadvantages local entrepreneurs as property owners hike rental...

by Staff reporter

Construction industry on the road to recovery

2011 December 21 | 539 Views
According to a  2011 review of the industry compiled by the  Construction  Industry  Federation of Zimbabwe (CIFOZ), several projects that had been put on hold, have been revived f...

by Staff reporter

Local flea market to start manufacturing its own clothing merchandise

2011 December 14 | 520 Views
ONE of Bulawayo's flea markets, Fort Eleven, which intends to start manufacturing its own clothing merchandise, has secured 10 sewing machines worth about $2 500.Fort Eleven Flea Market public relatio...

by Staff reporter

Bulawayo business expo praised

2011 December 10 | 549 Views
Exhibitors at the Bulawayo business expo which is running concurrently with the Zanu-PF 12th  Annual National Conference have praised the expo saying it gave them an opportunity to market their p...

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Econet becomes Zimbabwe's Superbrand for 2011

2011 December 09 | 541 Views
ECONET scooped the first prize in the country's top 10 superbrands for the second consecutive year. It has been credited with transforming many lives in Zimbabwe.The Econet brand was recognised for it...

by Staff reporter

R Chitrin applies for voluntary liquidation

2011 December 09 | 562 Views
RED Star Wholesalers Limited and R Chitrin and Company Zimbabwe have applied for voluntary liquidation following serious financial constrains.In a statement for the interim period ended September 30,...

by Staff reporter

$45m NetOne broadband launched in Bulawayo

2011 December 08 | 496 Views
PRESIDENT Mugabe yesterday officially launched the US$45 million NetOne Broadband and the NetOne Ascot Mobile Switching Centre and Packet Switch Call in Bulawayo yesterday.The project will be the nerv...

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Supermarket chain born out of tuck-shop savings

2011 December 06 | 525 Views
HARARE - FOOD WORLD, Zimbabwe's premier independently-owned supermarket group is one story that epitomises hard work.Food World was founded in December 1985 in Harare’s dormitory town of Chitungwiza...

by Entrepreneurship Africa

Natfoods to reopen Bulawayo flour mills

2011 December 05 | 477 Views
Natfoods is set to reopen its Bulawayo flour mill as it seeks to boost production and create more jobs. The Bulawayo mill has been closed since 2009. With the reopening of the mill both milling and pa...

by Moyo Roy

Shipping and freight forwarding agents to benefit from AEOs concept

2011 November 28 | 543 Views
The shipping and freight forwarding agents are set to benefit from the Authorised Economic Operators (AEOs) concept that will be introduced at the country’s border posts next year.The Authorised Eco...

by Staff reporter

Bulawayo City Council outshines Harare on revenue contribution

2011 November 25 | 575 Views
Bulawayo City Council (BCC) conrtibuted more pay as you earn (PAYE) compared to Harare, Mutare and other cities. This was revealed in Tendai Biti's 2012 National Budget. Bulawayo only contributed le...

by Nare Msupatsila

Young entrepreneurs to benefit from Old Mutual Indigenisation plan

2011 November 23 | 503 Views
Young people in Zimbabwe have welcomed an $ 11 million Youth Development fund by financial services giant Old Mutual. The fund was availed as part of the organisation’s compliance with the countryâ€...

by Entrepreneurship Africa

Edgars Zimbabwe's Express stores re-brands to Jet Stores

2011 November 18 | 693 Views
Express and Express Mart stores are changing to Jet Stores starting from the 17 November 2011.Edgars said it be will phasing out the now expired Express Mart Cash Card, but will soon launch an exci...

by Nare Msupatsila

Heat wave causes boom in beverage sales

2011 October 29 | 540 Views
The Beverage Manufacturers Association of Zimbabwe (BMAZ) says business has improved following the current heat wave experienced in some parts of the country, the ZBC News reported.While many are su...

by Staff reporter

ZITF 2012 exhibition space in high demand

2011 October 26 | 510 Views
THE Zimbabwe International Trade Fair Company yesterday launched its 2012 Zimbabwe International Trade Fair marketing campaign amid indications that at least 63 percent of available space for the even...

by Staff reporter

Cold Storage Company has revived its Bulawayo abattoirs

2011 September 20 | 571 Views
Cold Storage Company has revived operations at its Bulawayo abattoirs with at least 1 000 beasts slaughtered daily due to the Zimbabwe-Botswana cattle import deal. Government signed a memorandum of u...

by Staff reporter

Zimbabwe misses tobacco targets

2011 August 14 | 492 Views
The Tobacco Industry and Marketing Board (TIMB) says the industry will fail to meet this year’s projected target of 177 million kilogrammes of tobacco owing to high losses of 31% in farms and 21% du...

by

Zimbabwe’s Look East Policy bearing fruits

2011 August 12 | 663 Views
Zimbabwe's "Look East Policy" is yielding exceptional results as friendly forces are in a rush to find and grab investment opportunities in the country. In early August 2011, ESSAR an Indian investm...

by Hilton Munendoro

Zimbabwe-ESSAR deal rolls into life

2011 August 12 | 541 Views
ESSAR an Indian investment giant signed a deal with Zimbabwe to rescicitate Zimbabwe Iron and Steel Company (ZISCO).The Essar Group is a multinational conglomerate and a leading player in the sectors ...

by Hilton Munendoro

Datlabs and Universal Rubber relocating from Bulawayo to Harare

2011 July 20 | 514 Views
Bulawayo - Ravens squawk from the rooftop of a deserted building, once a top producer of animal feed that employed hundreds in Zimbabwe's second city of Bulawayo.Empty factories are now a common sight...

by Ndou Paul

ZITF's Mine Entra set to kick off today

2011 July 20 | 485 Views
The 16th edition of Mine Entra is set to kick off today at the Zimbabwe International Trade Fair (ZITF) grounds in Bulawayo.This year's Mine Entra, has attracted more than 250 exhibitors of exhibitors...

by Moyo Roy

Bulawayo small-scale businesses shutting down due to high rentals

2011 July 02 | 489 Views
Small-scale businesses in Bulawayo are reportedly shutting down because of high rentals charged by owners of the premises.This came to light on Monday when about nine small businesses dealing mostly ...

by Ndou Paul

Africa's economy rebounds without jobs

2011 June 28 | 470 Views
The 2011 Economic Report on Africa predicts a steady growth of African economies. Indeed, the report announces a 5% increase rate for the continent this year compared to the 4.7% recorded in 2010....

by Kingsley Ighobor

Bulawayo needs at least US$50 million capital injection: Lupepe

2011 June 26 | 533 Views
Bulawayo-based businessman Mr Delma Lupepe said the US$50 million should be at least enough to get industry re-opening but a further US$50 million would be required to ensure that industry is fully ...

by Bhebhe Mandla

Thirty five people killed at work during the first five months of 2011: NASSA

2011 June 20 | 509 Views
According to National Social Security Authority (NASSA) thirty five people were killed at work or in work related accidents during the first five months in a period which recorded 1 972 injuries.Work...

by Moyo Roy

De-industrialisation of Bulawayo worrisome

2011 June 06 | 490 Views
The Zimbabwean economy is under threat as the country's industrial hub is facing massive de-industrialisation, with some firms in the textiles, milling and manufacturing sectors scaling down operation...

by Nare Msupatsila
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