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Golden Sibanda Senior Business Reporter THE Zimbabwe Energy Regulatory Authority (Zera) has embarked on a nationwide audit of retail fuel prices to determine if traders complied with the government’s directive to slash prices.
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Business Reporter THE money owed by local authorities across the country to the Local Authorities Pension Fund is now in excess of $120 million. As a result LAPF chief executive Charles Mandizvidza said the backlog on pension remittances had remained unchanged.
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Business Reporter HOSPITALITY group, African Sun Limited, has lowered its loss for the year ending September 30, 2014 to $2.29 million from the $8,83 million incurred in the previous year following the opening of its Amber Hotel in Ghana.
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INTERNATIONAL Monetary Fund (IMF) head, Christine Lagarde has warned that African economies could be hurt by a slowdown in China’s economy and an imminent hike in United States interest rates.
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Lovemore Zigara Midlands Correspondent INDUSTRY and Commerce Minister Mike Bimha says the government is in the process of reviewing the Trade Measures Act, which will be used as a tool to protect consumers and enhance accurate and legal product packaging within the country’s borders.
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Oliver Kazunga Senior Business Reporter A majority of industries in Bulawayo have resumed operations after the annual shut down but production is still depressed in the wake of the prevailing economic environment, captains of industry said.
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Regional cement and lime producer PPC says an increase in cement sales in Zimbabwe has boosted the group’s overall sales volume at a time when major markets like South Africa have remained subdued.
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TelOne’s fibre optic project is now 60 percent complete, as the fixed telephone operator seeks to expand broadband connectivity and diversify its revenue streams to compensate for falling income from voice, managing director Chipo Mtasa has said.
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Harare Bureau A local bus firm, City Link Coaches, has scored a first by introducing electronic tickets which can be purchased via Internet, to add convenience to the travelling public.
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STATE-owned mining investment vehicle, Zimbabwe Mining Development Corporation (ZMDC), says it has secured foreign investors to inject capital into its three gold mines and expects to conclude two deals next month.
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JOHANNESBURG – South Africa has lost R700bn to corruption over the last 20 years, the Institute of Internal Auditors said on yesterday. “The cost of corruption in the last 20 years . . . we have lost R700bn,” CEO Claudelle von Eck said at the launch of the Anti-Intimidation and Ethical Practices
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Lovemore Zigara Business Correspondent THE National Bakers Association (NBA) is lobbying the government to repeal legislation which limits bakers to only two loaf sizes Speaking at a Trade Measures conference in Gweru yesterday NBA president, Givemore Mesoemvura said Statutory Instrument (SI) 56 of 1989, which
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The Zimbabwe Power Company (ZPC) says it has commenced work to upgrade the Deka pipeline to enhance water supply to Hwange Thermal Power station. Late last year the Export and Import Bank of India released $28,6 million to ZPC to finance the project.
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JOHANNESBURG – South Africa is on power alert, Eskom said yesterday morning. “The power system remains vulnerable, meaning that any extra load or faults in the system may necessitate load shedding today,” the electricity provider
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