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Open Forum | Hunger comes after Ebola

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Posted by admin 8 days ago (http://www.financialgazette.co.zw)
AS Ebola continues to ravage West Africa, leaving approximately 5 000 people dead, the region is now on the brink of a major food crisis. The world’s worst Ebola epidemic has endangered harvests and sent food prices soaring in West Africa. If there is no timely intervention by the international community in the form of ...

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Crisis Coalition evades tax

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Posted by admin 8 days ago (http://www.financialgazette.co.zw)
THE Crisis in Zimbabwe Coalition (CiZC), which is the secretariat of a grouping of 82 non-governmental organisations working to tackle the crisis in Zimbabwe, did not pay its taxes in 2012 going into 2013, an audit report has revealed. An audit by chartered accountants, Baker Tilly Gwatidzo, found that in the period ending December 31, ...

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More chefs to fall

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Posted by admin 8 days ago (http://www.financialgazette.co.zw)
NEARLY half of President Robert Mugabe’s Cabinet is likely to fall by the wayside in the coming weeks if not days as the ZANU-PF leader discards some of his lieutenants he now accuses of working against him, the Financial Gazette can report. Joice Mujuru, former President Mugabe’s number two, was shown the door along with ...

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227 companies jostle for ZETDC tender

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Posted by admin 8 days ago (http://www.financialgazette.co.zw)
A TOTAL of 227 companies bought tender documents for the supply of smart metering equipment estimated to cost around US$100 million, the Financial Gazette has learnt. The tender has been flouted by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a unit of power utility ZESA Holdings.  The number of companies that have bought the ...

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Printing industry faces collapse

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Posted by admin 8 days ago (http://www.financialgazette.co.zw)
THE printing and packaging industry is tottering on the brink of collapse, triggered by an industrial crisis that has plunged output by 70 percent. In a report prepared for government by the National Employment Council for the Printing, Packaging, and Newspaper Industry, sector players said many companies had shut down, and the few still operating ...

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Robert Mugabe unveils heir

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Posted by admin 8 days ago (http://www.financialgazette.co.zw)
PRESIDENT Robert Mugabe unveiled a new Politburo that elevated a long-time confidante, Emmerson Mnangagwa, known in party circles as “the crocodile”, to the position of co-vice-president, in what could be his first clearest hint about the choice of his successor. The move came after he had mercilessly dismantled a rival faction led by former vice-president ...

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First impressions of the CABS mobile banking app

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Posted by admin 8 days ago (http://www.financialgazette.co.zw)
By Nigel Gambanga Let’s face it, anything that makes the processes involved in banking any easier or faster is always a winner. Safe to say that tech has always been expected to be the one thing that can do this. For local mobile banking solutions the case for making life easier usually involves using a ...

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Powerspeed Electrical Limited FY 2014 financial results

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Posted by admin 8 days ago (http://feedproxy.google.com)
Financial ReviewThe financial performance during the 12 months under review was substantially better than in the previous year. Revenue increased by 18.1%, from US$28.6m to US$33m. Gross margins improved marginally from 30.4% to 30.8%, resulting in growth of gross income of 19.6%, from US$8.7m to US$10.4m. However, this growth came at a cost.All the improvements listed above had the effect of inc

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