Business – Nehanda Radio http://nehandaradio.com Zimbabwe News and Internet Radio Tue, 11 Dec 2018 00:31:13 +0000 en-US hourly 1 https://wordpress.org/?v=5.0 http://nehandaradio.com/wp-content/uploads/2017/08/cropped-Nehanda-Radio-Favicon-512-32x32.jpg Business – Nehanda Radio http://nehandaradio.com 32 32 ‘Government won’t name Zesa defaulters’ http://nehandaradio.com/2018/12/10/government-wont-name-zesa-defaulters/ http://nehandaradio.com/2018/12/10/government-wont-name-zesa-defaulters/#comments Mon, 10 Dec 2018 16:18:04 +0000 http://nehandaradio.com/?p=202376 Robert and Grace Mugabe

Government has refused to name Zanu PF bigwigs who owe the Zimbabwe Electricity Distribution Company (ZETDC) in unpaid electricity bills.

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Forex dealers resurface, cite demand http://nehandaradio.com/2018/12/10/forex-dealers-resurface-cite-demand/ http://nehandaradio.com/2018/12/10/forex-dealers-resurface-cite-demand/#comments Mon, 10 Dec 2018 16:06:00 +0000 http://nehandaradio.com/?p=202367 File picture of forex dealers in Zimbabwe

Forex dealers popularly known as ‘‘money-changers’’ are back on the streets operating underground as they still claim that there is high demand for foreign currency now because government is charging duty in foreign currency.

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Zimra revenue declines by $27million http://nehandaradio.com/2018/12/10/zimra-revenue-declines-by-27million/ http://nehandaradio.com/2018/12/10/zimra-revenue-declines-by-27million/#respond Mon, 10 Dec 2018 08:34:58 +0000 http://nehandaradio.com/?p=202346 ZIMRA offices in Harare (Picture by smezim.com)

The Zimbabwe Revenue Authority (Zimra) has recorded a decline of $27 million from commercial and vehicle imports in the first 10 days after Government legalised the payment of duty on specified goods in foreign currency, it has emerged.

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Potraz rules out additional operators http://nehandaradio.com/2018/12/10/potraz-rules-out-additional-operators/ http://nehandaradio.com/2018/12/10/potraz-rules-out-additional-operators/#comments Mon, 10 Dec 2018 06:45:43 +0000 http://nehandaradio.com/?p=202310

The Posts and Telecommunications Regulatory Authority (Potraz) has ruled out the possibility of issuing additional licences for mobile operators, saying the country does not have the capacity to absorb more firms like other countries. Potraz director technical services Engineer Baxton Sirewu said Zimbabwe had to live within its spectrum, which he described as scarce.

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Is Mphoko’s world crumbling? http://nehandaradio.com/2018/12/09/is-mphokos-world-crumbling/ http://nehandaradio.com/2018/12/09/is-mphokos-world-crumbling/#comments Sun, 09 Dec 2018 17:56:35 +0000 http://nehandaradio.com/?p=202234 Vice President Phelekezela Mphoko (right)

Former vice president Phelekezela Mphoko’s world is crumbling down following his fall from grace in November last year.

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Zupco to lose four buses, car http://nehandaradio.com/2018/12/09/zupco-to-lose-four-buses-car/ http://nehandaradio.com/2018/12/09/zupco-to-lose-four-buses-car/#comments Sun, 09 Dec 2018 17:55:42 +0000 http://nehandaradio.com/?p=202254

Four buses belonging to the troubled Zimbabwe United Passengers Company Limited (Zupco) are set to go under the hummer to offset a debt.

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Fuel companies call for 2-week forex cover http://nehandaradio.com/2018/12/07/fuel-companies-call-for-2-week-forex-cover/ http://nehandaradio.com/2018/12/07/fuel-companies-call-for-2-week-forex-cover/#respond Fri, 07 Dec 2018 06:16:43 +0000 http://nehandaradio.com/?p=202105 Motorists wait to fill up their tanks at a fuel station in Harare, Tuesday, Oct, 9, 2018. As Zimbabwe plunges into its worst economic crisis in a decade, gas lines are snaking for hours, prices are spiking and residents goggle as the new government insists that the country somehow has risen to middle income status. (AP Photo/Tsvangirayi Mukwazhi)

Fuel firms operating in the country have said Government should supply them with two-week worth of foreign currency cover to ensure there are no gaps that “exaggerate” the fuel shortages.

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‘Farmers owe banks $500 million’ http://nehandaradio.com/2018/12/06/farmers-owe-banks-500-million/ http://nehandaradio.com/2018/12/06/farmers-owe-banks-500-million/#respond Thu, 06 Dec 2018 21:36:47 +0000 http://nehandaradio.com/?p=202040 Tafadzwa Musarara

Zimbabwe's banks and private players are owed over half a billion dollars by farmers due to inputs abuse, side marketing and poor yields, an official has said.

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Reminder on Voluntary Disclosure http://nehandaradio.com/2018/12/06/reminder-on-voluntary-disclosure/ http://nehandaradio.com/2018/12/06/reminder-on-voluntary-disclosure/#respond Thu, 06 Dec 2018 07:15:51 +0000 http://nehandaradio.com/?p=201986 ZIMRA offices in Harare (Picture by smezim.com)

The Zimbabwe Revenue Authority (ZIMRA) would like to advise the public that the Voluntary Disclosure Programme is still going on and will end on the 31st of December 2018.

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NRZ comes to Jairos Jiri’s rescue http://nehandaradio.com/2018/12/06/nrz-comes-to-jairos-jiris-rescue/ http://nehandaradio.com/2018/12/06/nrz-comes-to-jairos-jiris-rescue/#comments Thu, 06 Dec 2018 06:23:00 +0000 http://nehandaradio.com/?p=201971 National Railways of Zimbabwe PR Manager Nyasha Maravanyika (centre) hands over the transported coal to Jairos Jiri chairperson Mrs Sanele Mlauzi while acting Manager Southern Area, Mr Joseph Temai, watches yesterday

The National Railways of Zimbabwe (NRZ) has provided free transport to the Jairos Jiri Centre to ferry 48 tonnes of donated coal from Hwange to Bulawayo.

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Deadline for NRZ $400m deal http://nehandaradio.com/2018/12/06/deadline-for-nrz-400m-deal/ http://nehandaradio.com/2018/12/06/deadline-for-nrz-400m-deal/#respond Thu, 06 Dec 2018 05:38:56 +0000 http://nehandaradio.com/?p=201952

The National Railways of Zimbabwe (NRZ) has to conclude the legal framework for its $400 million recapitalisation agreement with the Diaspora Infrastructure Development Group (DIDG)/Transnet before February 2019, failure to which the deal would collapse, Transport and Infrastructural Development Minister, Engineer Biggie Matiza, has said.

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Panama awards $1.4 bn bridge project to Chinese group http://nehandaradio.com/2018/12/06/panama-awards-1-4-bn-bridge-project-to-chinese-group/ http://nehandaradio.com/2018/12/06/panama-awards-1-4-bn-bridge-project-to-chinese-group/#respond Thu, 06 Dec 2018 05:01:12 +0000 http://nehandaradio.com/?p=201940 A Chinese firm has won the $1.4 billion contract to build a bridge over the Panama Canal

The government of Panama awarded Tuesday a Chinese consortium a $1.4 billion contract to build a bridge over the Panama Canal, a day after a visit by President Xi Jinping.

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Forex shortages, inflation weigh on Innscor http://nehandaradio.com/2018/12/06/forex-shortages-inflation-weigh-on-innscor/ http://nehandaradio.com/2018/12/06/forex-shortages-inflation-weigh-on-innscor/#respond Thu, 06 Dec 2018 03:46:23 +0000 http://nehandaradio.com/?p=201932 Customers being served at a Chicken Inn

Diversified Industrial group, Innscor Africa Limited says gross profit margins during the first quarter of the 2019 financial year remained under pressure due to foreign currency and inflationary pressures, resulting in cost increases for both local and imported materials.

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Econet unit launches instant loan platform http://nehandaradio.com/2018/12/06/econet-unit-launches-instant-loan-platform/ http://nehandaradio.com/2018/12/06/econet-unit-launches-instant-loan-platform/#respond Thu, 06 Dec 2018 03:33:09 +0000 http://nehandaradio.com/?p=201925 ECONET subsidiary Steward Bank

Cassava Smartech banking unit, Steward Bank and Ecocash yesterday launched a platform where Econet mobile network subscribers will be able to open bank accounts through cell phones in a minute.

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‘Zim requires massive direct investment’ http://nehandaradio.com/2018/12/05/zim-requires-massive-direct-investment/ http://nehandaradio.com/2018/12/05/zim-requires-massive-direct-investment/#comments Wed, 05 Dec 2018 15:58:11 +0000 http://nehandaradio.com/?p=201874 Emmerson Mnangagwa

President Emmerson Mnangagwa says Zimbabwe requires massive foreign direct investment to achieve its transformation agenda that will see the country achieving a middle-income status by 2030.

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