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ZSE refers starafrica transaction to regulators

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Posted by admin 13 days ago (http://www.financialgazette.co.zw)
THE Zimbabwe Stock Exchange (ZSE) has referred a transaction involving over four million shares held by starafricacorporation chairman, Joe Matizwa, to the Securities and Exchange Commission of Zimbabwe (SECZ) due to alleged violation of rules, the Financial Gazette’s Companies & Markets (C&M) can report. Mutizwa sold 4,02 million shares, equivalent to 12 percent of his ...

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Level playing field needed in Zim motoring industry

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Posted by admin 13 days ago (http://www.financialgazette.co.zw)
PLAYERS in the motoring industry have voiced concern over proposals by some legislators to compel the government to purchase vehicles from Willowvale Mazda Motor Industries (WMMI), and or Quest Motor Corporation under the guise of supporting “local industries” — a move they say will cripple the majority of industry participants.  The shock emanating from these ...

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State Procurement Board in tender furore

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Posted by admin 13 days ago (http://www.financialgazette.co.zw)
THE State Procurement Board (SPB) has been caught in the eye of the storm once again amid revelations that it breached procurement regulations by restricting a tender for the construction of 300 megawatts (MW) solar plants in Matabeleland South Province to six bidders who had earlier participated in a failed bidding process. Investigations by the ...

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Douglas Mwonzora chickens out

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Posted by admin 13 days ago (http://www.financialgazette.co.zw)
THE intriguing race to fill the vacant Movement for Democratic Change (MDC-T) secretary-general post took a radical turn this week with one of the top contenders, Douglas Mwonzora, making a sensational U-turn saying he was pulling out of the race. Recently, Mwonzora was putting on a brave face and saying he was going on to ...

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Vice Presidency race rages on

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Posted by admin 13 days ago (http://www.financialgazette.co.zw)
RETIRED brigadier-general Ambrose Mu-tinhiri has thrown his hat into the ring for the position of Second Vice President of the Republic, ending months of speculation as to whether or not he would formally join in the race for the hotly contested post. The former ZIPRA chief of staff, who had been long touted as a ...

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64 pc of industries idle

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Posted by admin 13 days ago (http://www.financialgazette.co.zw)
INDUSTRIAL crisis has intensified reinforcing previous warnings that the manufacturing sector was headed for the swamps, the latest Confederation of Zimbabwe (CZI) Manufacturing Sector Survey has revealed. The CZI’s annual manufacturing sector survey for 2014 painted the picture of an industry whose health is fast depleting, with capacity utilisation retreating by 3,3 percentage points to ...

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Telecel says airtime tax will affect “non-tariff aspects of promos and services”

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Posted by admin 14 days ago (http://source.co.zw)
HARARE, October 8 (The Source) – Zimbabwe’s second largest mobile service provider Telecel says the recently introduced five percent levy on airtime sales will result in adjustment of some promotion and service benefits. Finance Minister Patrick Chinamasa last month slapped a five percent excise duty on mobile phone credit as part of the cash-strapped government’s […]

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ZSE slips further

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Posted by admin 14 days ago (http://source.co.zw)
HARARE October 8 (The Source) – The Industrial index on Wednesday slipped further losing 0.47 points to close at 190.35 point. TSL dropped 2.01 cents to trade at 23.99 cents while SeedCo eased 1.98 cents to 78 cents. BAT and Delta lost a cent each to settle at 1399 cents and 125 cents, respectively. Hospitality […]

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