Business Times ZW

Business Times ZW

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In this week's issue of the Business Times Zimbabwe:

*RBZ turns to SDRs to support ZWL
*Storm over CSD directive
*Shake-up looms at Fidelity Life, ZB
*NSSA eyes Harare hotel
*Business defies Govt directive

Log onto www.businesstimes.co.zw and read the leading business weekly in the country.

Business Times ZW

#redefiningbusiness
In this week's issue of the Business Times ZW

🏭Industry on the brink
🧰Govt to tighten regulation
💰Gold output jumps 29%
🌾Farmers demand US$ on grain
🏦Zim banks resilient

Log onto www.businesstimes.co.zw and read the leading business weekly in the country.

#RedefiningBusinnes
A picture collage from our Zimbabwe Agricultural Society Stand at the corner of 3rd St and 3rd Ave at the exhibition centre.

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Business Times ZW 98.4 Midlands Hevoi FM 100.2
Business Times ZW Managing Editor Livingstone Marufu tied the knot with his wife Normatter Nomathemba Dube at Imba Manor in Glen Lorne on Saturday.

Help us celebrate the union 💍
South African Unrest Ravages Zimbabwean Economy reports the Business Times ZW

This was expected because Zimbabwe survives on South African products from toilet paper to tooth picks.

Goods coming from Durban port to Zimbabwe were also affected with the looting and trucks torched!
In this weeks edition of The Business Times ZW
🏦 RBZ in forex law U-turn
🇷🇼 Zim upbeat on Rwandan investment opportunities
🍻 Rising demand lifts Delta Corporation In The Community

Log onto www.businesstimes.co.zw to catch up on all things business or click the link to read

https://www.flipsnack.com/Philmhlanga1/epaper-17-june-2021-min.html
In this weeks edition of Business Times ZW

👮‍♂️Pilots flag Zim's airspace
💰Civil Servant Salaries Low - Emmerson Dambudzo Mnangagwa
📈Ecobank guarantees ZESA imports

All this and more in the latest issue of your favourite business paper. Log onto www.businesstimes.co.zw to keep up to date DAILY with all your business news or click the link to read the paper 👇
https://www.flipsnack.com/Philmhlanga1/epaper-10-june-2021-min.html
🌾Ex-farmers table fresh demands.
💰RBZ, business set for a showdown.
🏗️ XCMG appoints Katsavamutima as GM.

All this and more in the latest issue of the Business Times ZW. To read the paper click the link -
https://www.flipsnack.com/Philmhlanga1/epaper-2-june-2021-min.html or visit www.businesstimes.co.zw

#RedefiningBusiness
A Happy #AfricaDay2021 to you all from the AB Communications family. Stay safe and celebrate the African way!

Hevoi FM 100.2 98.4 Midlands Mighty Movies Business Times ZW
The finest business weekly newspaper 🗞 , Business Times ZW is now out.

You can easily access it 📰 by simply clicking the link below :
https://www.flipsnack.com/Philmhlanga1/epaper-13-may-2021.html

To keep up to date weekly log onto www.businesstimes.co.zw
This weeks edition of Business Times ZW weekly paper is out NOW. To read click the link
https://www.flipsnack.com/Philmhlanga1/epaper-6-may-2021-min.html
If you want to stay up to date DAILY log onto www.businesstimes.co.zw !
Another week, another edition of the best business news 🗞 to help you make wise decision in the market 💵.

Check out the latest edition of the Business Times ZW on the following link :
www.businesstimes.co.zw

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Operating as usual

What they said about Doug Munatsi - Business Times 02/12/2021

What they said about Doug Munatsi - Business Times

https://businesstimes.co.zw/what-they-said-about-doug-munatsi/

What they said about Doug Munatsi - Business Times December 2, 2021Banker and business executive Doug Munatsi who died on Monday was a larger than life character despite his humility. Business Times speaks to colleagues and business partners about the late executive. Francis Dzanya   Doug was my brother, friend and business partner. I have known hi...

Munatsi: Gone with the Midas Touch - Business Times 02/12/2021

Munatsi: Gone with the Midas Touch - Business Times

https://businesstimes.co.zw/munatsi-gone-with-the-midas-touch/

Munatsi: Gone with the Midas Touch - Business Times December 2, 2021NDAMU SANDU There are certain traits that show that the late Doug Munatsi, who perished in an inferno this week, was no ordinary banker. After a 10-year stint in the banking sector, he set up Heritage Investment Bank in 1995 riding on the experience he had gained from a number of ins...

Gone too soon: A tribute to Douglas ‘Doug’ Tawanda Munatsi - Business Times 02/12/2021

Gone too soon: A tribute to Douglas ‘Doug’ Tawanda Munatsi - Business Times

https://businesstimes.co.zw/gone-too-soon-a-tribute-to-douglas-doug-tawanda-munatsi/

Gone too soon: A tribute to Douglas ‘Doug’ Tawanda Munatsi - Business Times December 2, 2021 BEKI MOYO Doug was a first generation entrepreneur. Together with renowned businessman, Oliver Chidawu, at a tender age of 33, he co-founded Heritage Investment Bank in 1995 and was appointed its managing director. He quickly realised that to compete in a market with over 30 financi...

Competitiveness headache for govt - Business Times 02/12/2021

Competitiveness headache for govt - Business Times

https://businesstimes.co.zw/competitiveness-headache-for-govt/

Competitiveness headache for govt - Business Times December 2, 2021LIVINGSTONE MARUFU   Zimbabwe is mulling localising the production of raw materials amid concerns that local goods remain highly uncompetitive in the export market as a bigger market under the African Continental Free Trade Area (AfCFTA) beckons. This comes as the economy’s cost o...

Power cuts derail industry target - Business Times 02/12/2021

Power cuts derail industry target - Business Times

https://businesstimes.co.zw/power-cuts-derail-industry-target/

Power cuts derail industry target - Business Times December 2, 2021TINASHE MAKICHI   The rolling power cuts could derail industry projections of achieving about 60% capacity utilisation before year-end as a number of firms are operating mostly on expensive generators, Confederation of Zimbabwe Industries president Kurai Matsheza has warned. The cou...

Parly to reject 2022 budget - Business Times 02/12/2021

Parly to reject 2022 budget - Business Times

https://businesstimes.co.zw/parly-to-reject-2022-budget/

Parly to reject 2022 budget - Business Times December 2, 2021PHILLIMON MHLANGA Zimbabwe’s lawmakers have threatened to reject the 2022 National Budget proposal saying the government’s statement of expenses and income was “useless”. Several legislators want to reject the proposals when the Finance and Economic Development Minister, Mthu...

Govt’s ‘unimaginably ambitious’ target - Business Times 02/12/2021

Govt’s ‘unimaginably ambitious’ target - Business Times

https://businesstimes.co.zw/govts-unimaginably-ambitious-target/

Govt’s ‘unimaginably ambitious’ target - Business Times December 2, 2021LIVINGSTONE MARUFU   Industry has indicated that the average economic growth target of about 5% for the next four years set by President Emmerson Mnangagwa’s administration looks ‘unimaginably ambitious’, Business Times can report. In its economic blueprint, the National Devel...

Panic over spike in armed robberies - Business Times 02/12/2021

Panic over spike in armed robberies - Business Times

https://businesstimes.co.zw/panic-over-spike-in-armed-robberies/

Panic over spike in armed robberies - Business Times December 2, 2021TINASHE MAKICHI   Zimbabwe’s service chiefs are said to be panicking over the unprecedented rise in the number of armed robbery cases amid revelations serving and discharged members of the security forces are behind the crimes, Business Times can report. Armed robbers have been wr...

27/11/2021

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High cost of compliance hinders SMEs formalisation - Business Times 25/11/2021

High cost of compliance hinders SMEs formalisation - Business Times

https://businesstimes.co.zw/high-cost-of-compliance-hinders-smes-formalisation/

High cost of compliance hinders SMEs formalisation - Business Times November 25, 2021NYASHA KUNYISWA   The Small to Medium Enterprise Association of Zimbabwe (SMEAZ) says the high cost of compliance is hindering progress in the formalisation of players in the sector. SMEAZ CEO, Farai Mutambanengwe (pictured), said the sector has been hard hit by the worsening econo...

High cost of compliance hinders SMEs formalisation - Business Times 25/11/2021

High cost of compliance hinders SMEs formalisation - Business Times

https://businesstimes.co.zw/high-cost-of-compliance-hinders-smes-formalisation/

High cost of compliance hinders SMEs formalisation - Business Times November 25, 2021NYASHA KUNYISWA   The Small to Medium Enterprise Association of Zimbabwe (SMEAZ) says the high cost of compliance is hindering progress in the formalisation of players in the sector. SMEAZ CEO, Farai Mutambanengwe (pictured), said the sector has been hard hit by the worsening econo...

CBZ courts AfDB on agric funding - Business Times 25/11/2021

CBZ courts AfDB on agric funding - Business Times

https://businesstimes.co.zw/cbz-courts-afdb-on-agric-funding/

CBZ courts AfDB on agric funding - Business Times November 25, 2021NDAMU SANDU   CBZ Holdings is in talks with the African Development Bank (AfDB) to raise funding for agriculture as Zimbabwe’s biggest banking group by deposits expands its tentacles in the sector. The group has a unit, Agro Yield, which is the biggest private sector funder in ag...

Exchange rate spooks business - Business Times 25/11/2021

Exchange rate spooks business - Business Times

https://businesstimes.co.zw/exchange-rate-spooks-business/

Exchange rate spooks business - Business Times November 25, 2021LIVINGSTONE MARUFU/VINCENT MHENE The volatile exchange rate is the elephant in the room and impacts on competitiveness, planning and ease of doing business, industry has said, amid calls by experts to use International Monetary Fund (IMF) windfall to stabilise the local currency. Bu...

All eyes on Mthuli Ncube budget - Business Times 25/11/2021

All eyes on Mthuli Ncube budget - Business Times

https://businesstimes.co.zw/all-eyes-on-mthuli-ncube-budget/

All eyes on Mthuli Ncube budget - Business Times November 25, 2021PHILLIMON MHLANGA/ TINASHE MAKICHI   Finance Minister Mthuli Ncube (pictured), is today expected to deliver his 2022 National Budget speech as work is cut out for him to convince Zimbabweans that the ailing economy can be revived. His budget statement comes at a time when the econo...

Red flag over Zim financials - Business Times 25/11/2021

Red flag over Zim financials - Business Times

https://businesstimes.co.zw/red-flag-over-zim-financials/

Red flag over Zim financials - Business Times November 25, 2021  PHILLIMON MHLANGA   Financial experts have raised a red flag over the relevance of financial statements produced in Zimbabwe as they either show gross misstatements or not making sense, Business Times can report. They are concerned that the financials were moving away from fair ...

Panic grips Zimbos in SA - Business Times 25/11/2021

Panic grips Zimbos in SA - Business Times

https://businesstimes.co.zw/panic-grips-zimbos-in-sa/

Panic grips Zimbos in SA - Business Times November 25, 2021TINASHE MAKICHI   Panic has gripped Zimbabweans living and working in neighbouring South Africa amid revelations that most permits are expiring next month and chances of renewal are slim, Business Times can report. It is estimated that more than 1million Zimbabweans flocked into So...

25/11/2021
Power outages hit Byo water supplies - Business Times 11/11/2021

Power outages hit Byo water supplies - Business Times

https://businesstimes.co.zw/power-outages-hit-byo-water-supplies/

Power outages hit Byo water supplies - Business Times November 11, 2021TENDAI BHEBE IN BULAWAYO   Intensified power outages have hit the City of Bulawayo, forcing the local authority to shut down water supplies, Business Times can report. “The city of Bulawayo is currently facing an emergency shut down of water supplies to all residential areas exce...

Child marriages hit Masvingo Province - Business Times 11/11/2021

Child marriages hit Masvingo Province - Business Times

https://businesstimes.co.zw/child-marriages-hit-masvingo-province/

Child marriages hit Masvingo Province - Business Times November 11, 2021TATENDA CHIKARA IN MASVINGO   Several pupils have dropped from school in Mandamabwe area, Masvingo Province, due to early child marriages, parents have said. “Many girl children who get into early marriages are a result of being orphans. They are being abused resulting in forced ...

‘Clear hurdles hindering women progress in politics’ - Business Times 11/11/2021

‘Clear hurdles hindering women progress in politics’ - Business Times

https://businesstimes.co.zw/clear-hurdles-hindering-women-progress-in-politics/

‘Clear hurdles hindering women progress in politics’ - Business Times November 11, 2021TENDAI BHEBE   The Zimbabwe Electoral Commission (ZEC) chairperson, Priscilla Chigumba, says it is critical to clear hurdles in the political space to promote more women participation in Zimbabwe’s politics. “Women’s political participation and representation is very low at a...

Cabinet approves intellectual property office - Business Times 11/11/2021

Cabinet approves intellectual property office - Business Times

https://businesstimes.co.zw/cabinet-approves-intellectual-property-office/

Cabinet approves intellectual property office - Business Times November 11, 2021LIVINGSTONE MARUFU   Cabinet has approved the setting up of a fully constituted Companies and Intellectual Property Office of Zimbabwe to keep up with global modern business demands. The move is also expected to improve the ease of doing business, Information, Publicity and Broadca...

Chefs block Treasury plan - Business Times 11/11/2021

Chefs block Treasury plan - Business Times

https://businesstimes.co.zw/chefs-block-treasury-plan/

Chefs block Treasury plan - Business Times November 11, 2021TINASHE MAKICHI   Top chefs in government including ministers are said to be blocking the plan by the Treasury to move all State entities to a centralised system, a move meant to improve efficiency. The plan to move the State entities to a centralised system will minimise the influ...

Support ED: Mandiwanzira - Business Times 11/11/2021

Support ED: Mandiwanzira - Business Times

https://businesstimes.co.zw/support-ed-mandiwanzira/

Support ED: Mandiwanzira - Business Times November 11, 2021  PHILLIMON MHLANGA Nyanga South legislator, Supa Mandiwanzira, has made a strong call for Zimbabweans to support President Emmerson Mnangagwa’s vision. President Mnangagwa has been running with the Zimbabwe is open for business mantra and has been calling on offshore investors t...

Gloomy outlook for Zim - Business Times 11/11/2021

Gloomy outlook for Zim - Business Times

https://businesstimes.co.zw/gloomy-outlook-for-zim/

Gloomy outlook for Zim - Business Times November 11, 2021LIVINGSTONE MARUFU   The deteriorating economic situation in Zimbabwe will likely be felt by the already ailing companies and restive Zimbabweans going into 2022 owing to a hostile business environment and high-country risk which threatens investments and growth prospects, captains...

ICAZ CEO, Gloria Zvaravanhu, steps down - Business Times 03/11/2021

ICAZ CEO, Gloria Zvaravanhu, steps down - Business Times

https://businesstimes.co.zw/icaz-ceo-gloria-zvaravanhu-steps-down/

ICAZ CEO, Gloria Zvaravanhu, steps down - Business Times November 3, 2021  PHILLIMON MHLANGA   The Institute of Chartered Accountants of Zimbabwe (ICAZ) CEO, Gloria Zvaravanhu is stepping down from her role at the end of next month, Business Times can reveal. All efforts to get a comment from Zvaravanhu were futile.   But ICAZ president president, Tuma...

Nedbank boss scoops CEO of the Year Award - Business Times 01/11/2021

Nedbank boss scoops CEO of the Year Award - Business Times

https://businesstimes.co.zw/nedbank-boss-scoops-ceo-of-the-year-award/

Nedbank boss scoops CEO of the Year Award - Business Times November 1, 2021PHILLIMON MHLANGA   Nedbank Zimbabwe Limited managing director, Sibongile Moyo, scooped the prestigious CEO of the Year Award at the CEO Africa Roundtable gala dinner in the resort town of Victoria Falls. Moyo, who took over the top job at Nedbank Zimbabwe in April last year, succee...

New education system bearing fruit - Business Times 31/10/2021

New education system bearing fruit - Business Times

https://businesstimes.co.zw/new-education-system-bearing-fruit/

New education system bearing fruit - Business Times October 31, 2021PHILLIMON MHLANGA The new learning model, Education 5.0, is beginning to bear fruit and is driving sustainable development, the Higher and Tertiary Education, Science and Technology Development Minister, Amon Murwira, has said.   Education 5.0, which was launched by President Emmers...

Adopt digital solutions to survive turbulent times, ED tells business - Business Times 30/10/2021

Adopt digital solutions to survive turbulent times, ED tells business - Business Times

https://businesstimes.co.zw/adopt-digital-solutions-to-survive-turbulent-times-ed-told-business/

Adopt digital solutions to survive turbulent times, ED tells business - Business Times October 30, 2021PHILLIMON MHLANGA IN VICTORIA FALLS President Emmerson Mnangagwa has implored local businesses to adopt technological solutions in their strategies for them to survive ‘turbulent’ times. In his speech read by the Minister of Industry and Commerce, Sekai Nzenza at the CEO Africa R...

‘Rocketing exchange rate not reflective of economic fundamentals’ - Business Times 30/10/2021

‘Rocketing exchange rate not reflective of economic fundamentals’ - Business Times

https://businesstimes.co.zw/16484-2/

‘Rocketing exchange rate not reflective of economic fundamentals’ - Business Times October 30, 2021PHILLIMON MHLANGA IN VICTORIA FALLS The Reserve Bank of Zimbabwe (RBZ) on Friday said rocketing parallel market exchange rate is not reflective of the economic fundamentals of demand and supply. Zimbabwe has in the past weeks experienced punitive exchange rate in the parallel market....

‘Govt should provide leadership to deal with threats of instability’ - Business Times 29/10/2021

‘Govt should provide leadership to deal with threats of instability’ - Business Times

https://businesstimes.co.zw/govt-should-provide-leadership-to-deal-with-threats-of-instability/

‘Govt should provide leadership to deal with threats of instability’ - Business Times October 29, 2021PHILLIMON MHLANGA IN VICTORIA FALLS   Government must provide leadership in the pursuance to stabilise Zimbabwe’s frail economy,the CEO Africa Roundtable chairman Oswell Binha has said. Binha spoke at the on -going meeting for CEOs in the resort town of Victoria Falls. The meeting...

‘Govt should provide leadership to deal with threats of instability’ - Business Times 29/10/2021

‘Govt should provide leadership to deal with threats of instability’ - Business Times

https://businesstimes.co.zw/govt-should-provide-leadership-to-deal-with-threats-of-instability/

‘Govt should provide leadership to deal with threats of instability’ - Business Times October 29, 2021PHILLIMON MHLANGA IN VICTORIA FALLS   Government must provide leadership in the pursuance to stabilise Zimbabwe’s frail economy,the CEO Africa Roundtable chairman Oswell Binha has said. Binha spoke at the on -going meeting for CEOs in the resort town of Victoria Falls. The meeting...

Stanbic Bank geared to drive Zim growth - Business Times 29/10/2021

Stanbic Bank geared to drive Zim growth - Business Times

https://businesstimes.co.zw/stanbic-bank-geared-to-drive-zim-growth/

Stanbic Bank geared to drive Zim growth - Business Times October 29, 2021PHILLIMON MHLANGA IN VICTORIA FALLS   Banking group, Stanbic Zimbabwe says it is seized with financing mega energy, infrastructure and agriculture projects that will drive economic growth.   Speaking at the CEO Africa Roundtable conference on Thursday in Victoria Falls, the lender....

Masuka bullish on to***co plan - Business Times 29/10/2021

Masuka bullish on to***co plan - Business Times

https://businesstimes.co.zw/masuka-bullish-on-to***co-plan/

Masuka bullish on to***co plan - Business Times October 29, 2021PHILLIMON MHLANGA IN VICTORIA FALLS   Agriculture minister Axious Masuka is bullish the To***co Value Chain Transformation plan will radically transform the troubled agriculture sector, Business Times can report.   Masuka spoke virtually on Thursday at the on-going CEO Africa Round...

‘Govt should provide leadership to deal with threats of instability’ - Business Times 28/10/2021

‘Govt should provide leadership to deal with threats of instability’ - Business Times

https://businesstimes.co.zw/govt-should-provide-leadership-to-deal-with-threats-of-instability/

‘Govt should provide leadership to deal with threats of instability’ - Business Times October 28, 2021PHILLIMON MHLANGA IN VICTORIA FALLS   Government must provide leadership in the pursuance to stabilise Zimbabwe’s frail economy,the CEO Africa Roundtable chairman Oswell Binha has said. Binha spoke at the on -going meeting for CEOs in the resort town of Victorial Falls. The meetin...

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