Sakunda Logistics is joining a growing list of Zimbabwean companies that have closed their doors recently. In a letter send to employees, Finance and Human Resoureces Director advised employess that the 31st of December 2018, will be their last day at work, and the company has been incurring loses for the past 4 years. … Continue reading BREAKING: Sakunda Logistics is closing down
Category: Business
Zimbabwe 2019 National Budget PDF Download (PDF)
The 2019 national budget was presented by Minister of Finance , Pro Mthuli Ncube on the 22 of November 2018. Zimbabwe 2019 National Budget PDF Download
Violet Gonda Harrassed at State House
Zimbabwean journalist Violet Gonda was according to her detained at State House whilst covering a business meeting which was hosted by the President of Zimbabwe, Emmmerson Mnangagwa, she took to Twitter to narrate her ordeal, you can see het full statement below: “What unfolded at State House when I was briefly detained by CIOs: “JournalistsĀ had… Continue reading Violet Gonda Harrassed at State House
Bread Price goes up to $2.20 per loaf from tomorrow
Last week there was news that bread suppliers were pushing for 1 loaf of bread to sell for $4, well it looks like the bakers have finally hiked prices for their bread, but not to that figure. In a letter dated 26/10/2018 Lobels Bakeries notifies OK Supermarket of an increase in the price of bread.… Continue reading Bread Price goes up to $2.20 per loaf from tomorrow
Spar Zimbabwe distances self from fake recruitment agencies
Spar Zimbabwe have distanced themselves from āunscrupulous operatorsā in Harareās CBD purpoting to offer pre-recruitment training on behalf of Spar. In a statement released by Spar Zimbabweās Human Resources manager he reiterated that all recruitment processes are carried out by the Human Resources department. Desperate job seekers have be falling prey to bogus entities masquerading… Continue reading Spar Zimbabwe distances self from fake recruitment agencies
Breaking: Government has temporarily amended SI 122 to allow Companies / Individuals to import goods without licences
The government of Zimbabwe has temporarily amended Statutory Instrument 122 of 2017 to allow unlicensed companies and individuals to import goods that are in short supply in the country, owing to the recent price hikes and food shortages. Part of the goods that individuals and companies can now bring in include baked beans, body creams,… Continue reading Breaking: Government has temporarily amended SI 122 to allow Companies / Individuals to import goods without licences
RBZ suspends āCash Baronsā implicated by Acie Lumumba
The Reserve Bank of Zimbabwe Governor, John Panonetsa Mandudya has suspended 4 senior officials who were implicated by Acie Lumumba to be behind corrupt activities at the central bank. The 4 officials, namely Mirirai Chiremba, Norman Mataruka, Gresham Muradzikwa and Azvinandawa Saburi have with immediate effect been suspended indefinitely, and the public will be advised… Continue reading RBZ suspends āCash Baronsā implicated by Acie Lumumba
Passports could soon be processed within 4 Weeks: Minister
Getting a passport in Zimbabwe is a nightmare in itself, not only does one endure very long queues to be served but one also has to wait for a period of up to 6 months even up to 1 year to receive something as basic as a passport. If the words of the Minister of… Continue reading Passports could soon be processed within 4 Weeks: Minister
We have not hiked cooking oil prices: Pure Drop
Surface Wilmar the manufacturers of Pure Drop cooking oil have distanced themselves from cooking oil price hikes in a statement released. Their recommended retail price for cooking oil remains at $3.70. The Surface Wilmar factory have enough stocks to meet the national demand,Ā Pure Drop has put the blame on individuals and companies bent on… Continue reading We have not hiked cooking oil prices: Pure Drop
We are Back to Old Zimbabwe: Eddie Cross
SOMETIMES itās nice to be right, that does not often happen, but in this case I am sorry that those of us who had said we are headed for trouble, were right. I am referring to the first statement by our new super star Minister of Finance Mthuli Ncube. Ncube is a slim, young (by… Continue reading We are Back to Old Zimbabwe: Eddie Cross
DOWNLOAD: Zimbabwe Fiscal Policy Statement Issued on 1 October 2018 (PDF)
Zimbabwean Finance Minister Mthuli Ncube, delivered his fiscal policy statement or whatĀ he calls Fiscal measures for recersing fiscal dis-equilibrium on the 1st of October 2018 for 2018. You can download theĀ full statement in PDF below: DOWNLOAD 2018 Fiscal Measures PDF
DOWNLOAD: Monetary Policy Statement Issued on 1 October 2018 by Dr John Mangudya (PDF)
Dr John Mangudya, Governor of the Reserve Bank of Zimbabwe delivered his monetory policy statement for 2018. Issued on the 1st of October 2018. You can download the PDF below: DOWNLOAD 2018 Monetary Policy Statement
Australian Company ādiscoversā Oil in Muzarabani
Australian company Invictus Energy have announced that they might have discovered oil reserves in Muzarabani, Cabora Bassa Basin. Though the company is still carrying out geological tests, preliminary results positively indicate the existence of oil fields. Invictus were exploring the same area that Mobil explored 25 years ago, and concluded that there was no oil… Continue reading Australian Company ādiscoversā Oil in Muzarabani