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Zimra misses revenue target

LOW capacity utilisation in industry and limited disposable income weighed down on the contribution of Value Added Tax (VAT) from local sales to revenue collection by the Zimbabwe Revenue Authority (Z...Read more

Zimra misses revenue target

23 July 2014 | 339 Views
LOW capacity utilisation in industry and limited disposable income weighed down on the contribution of Value Added Tax (VAT) from local sales to revenue collection by the Zimbabwe Revenue Authority (Z...

by Oliver Kazunga

Chibuku offsets decline in lagers for Delta Beverages

22 July 2014 | 1111 Views
Delta's three months trading period to 30 June 2014 was characterised by depressed consumer demand due to the tight liquidity conditions. The move by consumers to value products remained evident. ...

by Business reporter

KFC reopens in Zimbabwe

22 July 2014 | 7649 Views
American fast food chain KFC has reopened in Zimbabwe after a nearly seven year absence. The retailer planning to open about 25 outlets in Zimbabwe finally unveiled its shop in Harare on Sun...

by Staff reporter

Southern Eye 'not shutting down'

22 July 2014 | 1104 Views
ALPHA Media Holdings (AMH) chairman Trevor Ncube yesterday dismissed reports that Southern Eye is shutting down.Ncube was reacting to claims published by online and South African media allegi...

by Staff reporter

'Zimbabwe could miss 6.4% growth target for 2014,' says Chinamasa

21 July 2014 | 1077 Views
Zimbabwe could miss its 6.4% growth target this year but the final number will not be as low as some international lenders have predicted, finance minister Patrick Chinamasa said yesterday.The...

by Reuters

Emirates Offers up to 30% Discount for Zimbabwe Travellers

21 July 2014 | 2843 Views
Top international destinations included in offer  HARARE - Emirates, which flies daily from Harare to Lusaka and Dubai, is offering Zimbabwean ...

by Moyo Roy

Safeguard introduces wireless beams for improved outdoor security

21 July 2014 | 1269 Views
Safeguard Alarms has introduced a new outdoor wireless security system, the Safeguard Sentry, that provides an early warning alert if there is an intruder on the premises. The system consi...

by Business Reporter

Barclays Zimbabwe launches 'Cashsend Craze Campaign'

21 July 2014 | 2041 Views
Barclays Zimbabwe has launched a campaign to send money for free to recipients in Zimbabwe through the ATM. The "Cashsend Craze Campaign" that will run until the September 30 2014 is aime...

by Staff reporter

Potraz want cellphone tariff cuts

21 July 2014 | 1553 Views
The Postal Telecommunications Regulatory Authority of Zimbabwe is currently locked in negotiations with the country’s mobile network providers with a view of them slashing their tariffs. ...

by Staff reporter

Zimra dragged to court

21 July 2014 | 2410 Views
More than 10 corporates have taken the Zimbabwe Revenue Authority to court over punitive garnishee orders issued on their accounts for outstanding taxes running into millions of dollars, with the Fisc...

by Fidelis Munyoro

Tobacco company to pay wife $23b for cancer death

20 July 2014 | 2077 Views
A US court has ordered the country's second largest cigarette company to pay $23.6 billion (£13.8bn) to the wife of a smoker who died of lung cancer.RJ Reynolds Tobacco Company was hit with t...

by BBC

Zimbabwe eyes $100m from diamond sale

20 July 2014 | 1532 Views
Zimbabwe today begins auctioning nearly one million carats of diamonds at the Dubai Diamond Exchange (DDE), with anticipation high that the two-week auction will earn the country an average $100 per c...

by Kuda Bwititi

Delta Beverages taken to court over maize

20 July 2014 | 685 Views
A Karoi farmer has taken alcohol and soft drinks giant Delta Beverages to court for buying maize below the gazetted price of US$390 per tonne.Mr Never Gasho alleges that the company is taking...

by Noah Pito

TM & Pick Pay launch million dollar promotion

19 July 2014 | 2581 Views
Meikles Limited retail arm, TM Supermarkets has launched a promotion worth over $1 million as the supermarket chain seeks to grow revenues and position in the retail sector. The promotion dub...

by Staff reporter

Zimplats underground mine collapses

18 July 2014 | 3916 Views
Platinum production at Zimplats Holdings Ltd's largest mine in Zimbabwe has been halved following a major collapse underground, the company said on Friday.Zimplats said there were no reports o...

by Reuters

NetOne reinvents the old 'callbox'

17 July 2014 | 2916 Views
NetOne has reinvented the old "callbox". This is a public telephone system that used to be operated by the then Post and Telecommunications Corporation, through the introduction of their own...

by Staff reporter

$1.5 billion power plant for Zimbabwe

17 July 2014 | 2880 Views
Makomo Resources (Pvt) Ltd, Zimbabwe's largest coal producer by output, said it plans to spend $1,5 billion on a 600-megawatt power plant and will also start exporting coal to steelmakers in southern ...

by Staff reporter

Chinamasa to court investors in UK

17 July 2014 | 1744 Views
Finance Minister Patrick Chinamasa is expected to lead a high level of Zimbabwean business executives and government officials to London as government intensifies efforts to court global investor...

by Staff reporter

Safeguard upgrades Video Alarm security system

16 July 2014 | 1955 Views
Safeguard has upgraded its wireless Video Alarm to incorporate a microphone, speakers and defensive material, making it possible for its monitoring centre team to speak to and warn intruders and r...

by Business reporter

Telecel introduces telecash gold card

16 July 2014 | 2181 Views
Telecel Zimbabwe today (Wednesday) launched its telecash gold card, a debit card which can be used to pay for goods and services at any of the more than 5 000 ZimSwitch points of sale across the coun...

by Business Reporter

Econet deregisters Telecash agents

16 July 2014 | 2520 Views
ECONET Wireless is reported to have started deregistering its Ecocash agents who have been doubling as agents for its rival, Telecel Zimbabwe which is operating Telecash.Telecel launched its ...

by Lovemore Zigara

'Jane Mutasa is not a Telecel shareholder'

15 July 2014 | 2774 Views
Telecel Zimbabwe (Private) Limited management has denied claims that its suspended chairperson Jane Mutasa is still a shareholder.This follows a court application by the businesswoman demandin...

by Staff reporter

ZESA to securitise domestic debt

14 July 2014 | 1838 Views
ZESA Holdings says it plans to securitise part of the $322 million it is owed by customers as part of efforts to fund its operations.Giving oral evidence to the parliamentary portfolio committ...

by Staff reporter

Zim inflation to remain low due to falling prices

14 July 2014 | 1676 Views
THE International Monetary Fund (IMF) projects Zimbabwe's inflation to remain low at 0,2% due to falling prices but warned that deflation would also haunt the country.Deflation occurs when the...

by Staff Reporter

Reserve Bank of Zimbabwe restructures

13 July 2014 | 2962 Views
THE Reserve Bank of Zimbabwe has announced a restructuring programme that will see the streamlining of operations and a change in the organogram under a new strategy termed "Back to Basics" meant to i...

by Lungile Tshuma

Unregistered subscribers will be disconnected today

12 July 2014 | 3397 Views
THOUSANDS of unregistered mobile phone subscribers will be disconnected by their service providers today while those who lose their Sim cards will now be required to produce a police report to recover...

by Patrick Chitumba

$200 withdrawal limit for AfrAsia depositors

11 July 2014 | 3197 Views
AFRASIA Bank depositors are grappling with limited cash withdrawals imposed by the bank as it struggles with liquidity problems.  Depositors have been left stranded as maximum withdrawal...

by Staff reporter

John Love Motors shuts down

11 July 2014 | 4241 Views
JOHN Love Motors in Bulawayo yesterday closed shop after operating in the city for about 40 years amid indications the company has been facing financial difficulties.When a Chronicle news crew...

by Sifundiso Ndlovu

Delivering customer service excellence key to success in the service industry, says DHL

10 July 2014 | 751 Views
 How often does a service company truly exceed expectations?  CAPE TOWN - How often does a service company truly exceed expectations...

by Business Reporter

Emirates boosts baggage allowance from Harare

10 July 2014 | 3310 Views
Generous 40kg allowance available until September 30  HARARE - Emirates, which flies daily from Harare to Dubai via Lusaka, has increased its E...

by Business Reporter

Cimas issues new cards to all its members in bid to curb fraud

10 July 2014 | 2376 Views
Cimas Medical Aid Society is currently sending out every week about 9 000 new colour coded membership cards with photographs that are designed to reduce the number of fraudulent claims.The...

by Mike Hamilton

ILO discusses formalising informal economy

10 July 2014 | 1030 Views
Representatives of governments, employers and workers from all over the world, including Zimbabwe, recently met at the International Labour Conference in Geneva for two weeks to come up with propo...

by Mike Hamilton

Econet threatens to cut off unregistered subscribers

09 July 2014 | 2788 Views
Econet Wireless has warned its unregistered subscribers that they risk been cut off on July 13 as it attempts to comply with regulations set out by Potraz.The telecommunication firm has the hi...

by Staff reporter

NRZ has no plans to reintroduce 'freedom train'

08 July 2014 | 2114 Views
NATIONAL Railways of Zimbabwe acting general manager Lewis Mukwada yesterday told Parliament that the parastatal had no plans to reintroduce the "freedom trains" project as the move had proved to be n...

by Staff Reporter

Tobacco surge 'justifies Mugabe's land grabs'

07 July 2014 | 2392 Views
Zimbabwe's biggest tobacco sales in 13 years vindicate the land transfer campaign pursued by President Robert Mugabe's government, according to Agriculture Minister Joseph Made.The more than ...

by Bloomberg

$400,000 for Bulawayo Rainbow Hotel refurbishment

07 July 2014 | 2078 Views
Rainbow Tourism Group (RTG) says it has set aside at least $400,000 to refurbish the Bulawayo Rainbow Hotel. The refurbishment follows similar exercises at Rainbow Towers and the Kadoma Hotel and ...

by Staff reporter

Telecel defaults on licence payment

07 July 2014 | 2702 Views
Second largest mobile network operator, Telecel Zimbabwe is allegedly in default of its license renewal payment terms it brokered with government last year, potentially prejudicing treasury of crit...

by Staff reporter

Marvo appeals to govt

06 July 2014 | 1701 Views
Marvo Stationery has appealed to the government to impose heavy import duty to curb the dumping of stationery products, which it feels is suffocating the industry.Saul Mashamba, the Marvo mana...

by Business Reporter

'Ban car imports,' says Quest Motors

04 July 2014 | 5528 Views
Quest Motors Manufacturing (Quest) says Zimbabwe must ban car imports.The group - with capacity to produce 105 cars per day and 100 buses monthly - said government should shift its policy towa...

by Staff reporter

Zimbabwe requires 7% average growth rate

04 July 2014 | 1145 Views
Zimbabwe needs a medium and long-term average growth rate of 7 percent if the Government is to significantly reduce poverty and improve the standard of living, an expert has said. African Institute fo...

by Staff reporter

IMF 'sees promise' on Zimbabwe

04 July 2014 | 2312 Views
Finance Minister Patrick Chinamasa has said the International Monetary Fund (IMF) has written to him expressing satisfaction with the efforts so far made by Zimbabwe to restore the economy and settle ...

by Staff reporter

Zimbabwe to rejoin UK gold trading centre

04 July 2014 | 1776 Views
Zimbabwe plans to rejoin the London Bullion Marketing Association (LBMA) by the end of next year after complying with the global gold trading centre's requirements.The government is in the...

by Staff reporter

Zupco defers salaries indefinitely

04 July 2014 | 2723 Views
Troubled parastatal, the Zimbabwe United Passenger Company (Zupco), has indefinitely deferred the payment of April, May and June salaries for its workers, businessdigest reported. Workers...

by Staff reporter

Five Zimbabwean banks are 'ill' says Chinamasa

04 July 2014 | 3880 Views
HARARE - Up to five Zimbabwean banks are "ill", but this will not have an impact on the overall sector due to their small size, Finance minister Patrick Chinamasa said yesterday, without naming the st...

by Staff Reporter

ESSAR start operations at Zisco - Bimha

03 July 2014 | 2242 Views
ESSAR Africa Holdings has begun operations at Zisco and is engaging creditors to work on a repayment plan while it waits for the construction of a new iron and steel plant in 24 months, Industry and ...

by Staff Reporter

Govt failed Dimaf says Minister of Industry

03 July 2014 | 1009 Views
AT LEAST 48 companies have accessed the Distressed Industries and Marginalised Areas Fund (Dimaf), but government has failed to put its share to the pool of resources meant to assist ailing companies,...

by Business Reporter

Zimbabwean company sue UK spooks over network spying

02 July 2014 | 1946 Views
Mango from Zimbabwe and a coalition of ISPs and communication providers from around the world filed a legal complaint against the UK Government Communications Headquarters, calling for an end to its a...

by itworld

'Zimra taxes too high'

02 July 2014 | 3117 Views
The Ministry of Finance and Economic Development has been taken to task over why the Zimbabwe Revenue Authority continues to levy high taxes on an industrial base which is shrinking due to economic ch...

by Staff reporter

'Zim govt will not mortgage minerals,' says Chinamasa

02 July 2014 | 1385 Views
Government will not consider using the country's mineral resources as leverage to mobilise funds needed to revive the economy before conducting geological surveys of the resources available, an offici...

by Staff reporter

Telecel Zimbabwe in fibre deployment project

02 July 2014 | 835 Views
Mobile network operator, Telecel says it has begun a fibre deployment project which will see the company laying its own optical fibre cable to avail more high capacity data provisioning for the networ...

by Francis Chimanda
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