ZimCoke US$255m deal cancelled
THE deal between defunct steel giant Ziscosteel and ZimCoke, has been cancelled with immediate effect, acting Ziscosteel board chair, Engineer Martin Manuhwa, has said. ZimCoke was set to take over … Read More
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NRZ courts partners for building hotel
THE National Railways of Zimbabwe (NRZ) is courting some investors for partnership to build a hotel in Victoria Falls as it seeks to diversify its operations. NRZ, which has been … Read More
Govt unveils foreign currency income tax thresholds
Treasury has unveiled foreign currency denominated income tax bands that will see the tax free threshold pegged at US$350 while the highest bracket will be for those earning more than … Read More
Zisco demise costing Zim US$1,1bn on steel imports
INDUSTRY and Commerce Minister, Dr Sekai Nzenza, says the closure of steel giant, Ziscosteel, has forced the country to spend about US$1,1 billion every year importing steel and steel products. … Read More
Tourism sector on cloud nine as flights resume
PLAYERS in the tourism industry are excited by the resumption of domestic and international flights, which they say marks the restart of tourism. The Government on Tuesday lifted the ban … Read More
ZCDC on course to achieving transparency
The Zimbabwe Consolidated Diamond Company (ZCDC)’s recent publication of its annual reports is a sign that the diamond sector is well on course towards achieving transparency in line with international … Read More
Civil servants forex payment extended
GOVERNMENT has pledged to extend the foreign currency non-taxable Covid-19 allowance for civil servants and pensioners to December as it maintains its position of providing a living wage for its … Read More
Dairibord pursues merger/acquisition negotiations
LISTED food and milk processor, Dairibord Holdings Limited, says it is still pursuing merger and acquisition negotiations with an unlisted entity and has warned shareholders to exercise caution when dealing … Read More
Zim$ gains ground against US$ again
THE Zimbabwe dollar is gaining ground for the second week in a row against the United States dollar after the exchange rate continued to stabilise, closing Tuesday’s auction at $82,7 … Read More
BETA Holdings merges with Kalulushi
Zimbabwe’s BETA Holdings is destined for greater heights in the lucrative proper sector in Africa. The firm is eying to become a bigger infrastructural inputs supplier in southern and central … Read More
