Business

By Richard Kawazi Members of the Bindura Business Community Trust have been infuriated by the local authority’s failure to procure a fire tender despite religious payments for fire services by ratepayers in the town. This follows the destruction of property worth millions of dollars early Thursday morning after fire broke …

Tawanda Matanhire Cars are never meant to be a headache, rather they should be a source of comfort, an asset and provide you with the convenience you require. Ironically, first time car buyers and even some experienced ones, seldom enjoy the ride, asset status or even get value for money. …

The Paramount Group has produced and sold the first military aircraft made in South Africa since the 1980s when state-owned arms maker Denel SOC Ltd. unveiled the Rooivalk, or red falcon, attack helicopter. Africa’s biggest privately owned defence and aerospace company said it’s won orders for the Mwari, a reconnaissance and precision-strike aircraft, and …

Government is pushing ahead with measures to screen government contracts but is facing resistance from government and suppliers, Finance Minister Mthuli Ncube said Monday. A memo by Treasury to Parliament turning down payment for laptops trended on social media at the weekend. Ncube says that was just one of several …

Low deposits have hit local banks as the liquidity crunch pushes more depositors out of the formal banking channels, Business Times can report. This comes following a decision by the Reserve Bank of Zimbabwe (RBZ) to tighten its monetary policy stance, mopping excess liquidity in the market as part of …

By Tawanda MatanhireAt a time when going around in one’s own vehicle has ceased to be a luxury but a necessity – there is surprisingly very little information out there to help those that want to buy cars for themselves or others. Most buyers, especially those purchasing second-hand cars for …

By Bindura BureauA foreign based maize seed producer is willing to partner the Zimbabwean government by availing its maize seed for distribution under the Pfumvudza/Intwasa programme, Nhau/Indaba has learnt. Based in Zambia, ZamSeeds introduced itself on the country’s agricultural landscape last year during the 2021/22 season with its drought resistant …

Richard KawaziAs the Zimbabwe Electricity Supply Authority (Zesa) continues to struggle to meet the country’s demand for power, Bindura has released a load-shedding schedule that will see the town having normal electricity supply only three times a week. The town is an important mining and agriculture hub not only in …

Government sincerity will be put to the test this Friday when teachers receive their salaries. Government promised to increase civil servants’ salaries this month and various workers unions say they will decide on whether or not to down tools after they receive their salaries. This was revealed following a meeting …

Milk producer, Dairibord Holdings has lamented the high cost of borrowing making it difficult to strike a balance between covering working capital gaps and financing of capital projects it has lined up ahead. Monetary authorities hiked interest rates for the local currency to 200 percent as part of measures to …