Business

The shared marketplace in South Africa is becoming more attractive for investors from all around the globe. Somehow, it’s hard to ignore the ongoing situation in the South African marketplace. The Johannesburg marketplace stands out the most because of its accessibility to international business companies. Five years ago, it wasn’t …

Business / Companies Teachers brew fresh shocker for govt by Staff reporter GOVERNMENT faces a new headache after eight teachers’ unions demanded an urgent meeting with their employer over salaries which they say now fall far below the poverty datum line of $5 551. The unions are demanding US$550 monthly …

Dear President Malpass I AM a senior official in Zimbabwe’s largest opposition party and the chairman of the Parliamentary Public Accounts Committee, but I am writing to you today as a private citizen and former Finance minister (2009-13). All Africans are grateful for your work to galvanise a global response …

Business / Companies Chamisa drags army to court by Staff reporter WORKERS employed by Nelson Chamisat MDC Alliance have taken Zimbabwe Defence Forces com-mander Philip Valerio Sibanda and Police Commissioner-General Godwin Matanga to court over their subordinates’ involvement in the ‘violent’ seizure of the party’s headquarters by a rival faction …

Starting an IT business can seem quite easy for those who think you only need programming skills for that. The IT sphere is very big now and outsourcing offices are only a small part of it. With each day there  more IT business models proven to be successful.If you are …

CIGARETTE and tobacco manufacturing company, British American Tobacco Zimbabwe (BATZ) posted a loss of $27,7 million for the year-ended December 31, 2019 owing to hyperinflation. BY TATIRA ZWINOIRA The economy continues on a loss-making streak of major listed firms which are posting losses due to the depreciating Zimbabwe dollar that …

Business / Companies 90% Zimbabweans want death penalty abolished by Staff reporter A REPORT released yesterday by the Death Penalty Project in conjunction with legal think-tank Veritas has revealed that 90% of Zimbabweans were against the death penalty and wanted it abolished. The report titled Time to Abolish the Death …

ZIMBABWE-focused miner, Premier African Minerals (Premier), has acquired a further 7% stake at Namibian MN Holdings Limited (MNH) for US$700 000 following the approval of the sale by the shareholders. BY MTHANDAZO NYONI The move, expected to be a cash-generative asset supportive of group overheads in the near future, puts …

AT least US$172 million has been realised from tobacco sales after 74,8 million kilogrammes were delivered at the country’s auction and contract floors since the beginning of the season, statistics from Tobacco Industry and Marketing Board have shown. BY FIDELITY MHLANGA During the same period last year, 55,7 million kg …

Business / Companies Clients owe TelOne ZW$500m in bills by Staff reporter <!– –> STATE-OWNED telecommunications concern TelOne is owed more than ZW$500 million by, among others, government entities and has adopted various measures, including litigation and blacklisting debtors to recover what it is owed. In an interview with businessdigest, …