Businesswoman Successfully Defends Against Loan Shark’s Threats
Court Reporter A HARARE businesswoman has approached the Norton Magistrates Court seeking an interdict to stop a loan shark from communicating with her. She claims the loan shark forced her to pay US$59 650 as interest following threats of being harmed by President Emmerson Mnangagwa’s close security detail. Fungai Golowa, who got a US$13 000 […]
Aussie firm loses AU$5,5m lawsuit against Blanket Mine
Court Reporter THE High Court has dismissed a lawsuit by Australian firm Mining Engineering Consulting Services that was claiming AU$5,5 million from Blanket Mine after the latter terminated its contract and services. The firm had cited Blanket Mine and George Gapu, the arbitrator, respectively, as respondents in the case. Mining Engineering is a private company […]
Zim Commemorates World Standards Day
Online Reporter Zimbabwe joined the global community in commemorating World Standards Day, with various stakeholders acknowledging the government’s efforts to enhance standards during a ceremony in Harare yesterday. This year’s celebrations were held under the theme “A Shared Vision for a Better World,” focusing on Sustainable Development Goal 9 (SDG 9), which emphasizes fostering innovation, […]
Smart Cities Take Centre Stage at Smart Zim Expo
Staff Reporter The inaugural Smart Zimbabwe Conference and Expo scheduled for the end of this month will boost Government’s ‘Smart City’ initiative as stakeholders in the sector will explore sustainable solutions that will transform the country into a hub of economic growth. The two day expo slated for the Harare Showgrounds will discuss a number […]
Simbisa to Invest US$18m in Expansion
Staff Writer SIMBISA Brands, the country’s largest fast-food company, has announced plans to open 36 new stores and revamp an additional 36 in 2025. The expansion and modernization effort, which is projected to cost US$17,8 million, aims to boost customer numbers and diversify the company’s product offerings. Independent non-executive chairman Addington Chinake highlighted that the […]
Retailers Sound Alarm Over Rising Prices
Staff Reporter The Confederation of Zimbabwe Retailers (CZR) has issued a stark warning about escalating prices in the retail and wholesale sectors, attributing the increases to a volatile exchange rate and stringent government regulations. In a statement released today, CZR President Mr Denford Mutashu highlighted the challenges faced by businesses operating in a multi-currency environment. […]
Retailers Appeals to Central Bank, Govt
DT Correspondent The Confederations of Zimbabwe Retailers (CZR) have implored the central bank and the government to come up with more measures that would stabilise the new currency and prices of basic commodities. This situation is untenable and requires urgent intervention to stabilize the exchange rate and ensure equitable access to foreign currency,” CZR president […]
Property X now trading on FINSEC platform
By Staff Reporter HARARE – THE Financial Securities Exchange (FINSEC) has announced the admission of Property X as a quoted security on its Mutual Funds Board, offering a groundbreaking opportunity for investors to tap into property development projects. Property X, managed by Southpeople Capital Asset Management, provides a unique “pay-as-you-go” property acquisition option, allowing individuals […]
Bard Santner Launches Money Transfer Facility
DT Correspondent The financial intermediary firm Bard Santner has launched the TX Money Transfer which is designed to cater to the urgent financial needs of individuals requiring swift funds transfers. Speaking during the launch in the capital today, TX Money Transfer executive director Lucia Chingwaru said the institution’s main objective was to bridge the existing […]
Zist Indaba Kicks Off Today
Emmanuel Kafe in Victoria Falls Economic gurus from the public and private sectors are in Victoria Falls this week to deliberate on the best ways to prime private and public institutions towards the delivery of Vision 2030 at the Zimbabwe Institute of Strategic Thinking (ZIST) National Economic Indaba, which kicks off today. The Zimbabwe Institute […]