Business

Seven diamond mining firms booted out of the Marange mining fields by government must be reinstated, a parliamentary panel has said.
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Diversified manufacturer, Zimplow Holdings Limited, has appointed Mr Vimbayi Nyakudya as the new group chief executive officer replacing Mr Mark Hulett.
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The $400 million National Railways of Zimbabwe (NRZ) recapitalisation deal is still on track with six financiers having shown interest to release close to $1 billion to fund the project.
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Government says it has surpassed its monthly target for December and raised $572,4 million through the controversial two percent tax.
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Finance and Economic Development minister Mthuli Ncube said government will refund and exempt China Jiangsu International from Value added Tax (Vat) and income tax dating back to 2012.
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Air Zimbabwe yesterday grounded Mbuya Nehanda, a Boeing 737-200ER, for mandatory maintenance expected to last over a month.
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The Zimbabwe Miners’ Federation (ZMF) says the prevailing fuel shortage has significantly crippled small-scale mining operations as most of its members use diesel.
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Energy and Power Development Minister Dr Joram Gumbo says the selling of fuel in foreign currency by some dealers is not Government policy.
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The Zimbabwe Revenue Authority (Zimra) has started collecting taxes, especially Value Added Tax (VAT) and Pay-As-You-Earn (PAYE) in foreign currency from companies that collect payments in that currency, but the informal sector continues to…
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Milk deliveries at the communal farmers owned Umzingwane Milk Centre in Matabeleland South Province have significantly slumped owing to rampant dairy cows thefts and lack of adequate pastures.
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