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ZSE index freefall continues

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Posted by admin 22 hours ago (http://source.co.zw)
HARARE, October 22 (The Source) – The industrials index continued its downward spiral on Wednesday, shedding 0.10 points to 186.69 points weighed down by losses in Innscor, National Foods and Hippo. Innscor lost a cent to 67 cents, with 770,000 shares worth $516,000 being traded. Natfoods shed 20 cents to 280 cents, while Hippo traded […]

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Blom tried to rope in Mbada Diamonds’ Robert Mhlanga but deal flopped

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Posted by admin 22 hours ago (http://source.co.zw)
By Charles Rukuni, JOHANNESBURG, October 22 (The Source) – South African diamond executive Ernest Blom tried to rope in Robert Mhlanga, a former Air Vice-Marshall who is widely reported to have been President Robert Mugabe’s personal pilot and is now chairman of Mbada Diamonds, in his quest to secure exclusive mining rights for Marange diamonds. […]

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IPEC drafts new actuarial regulations for insurance firms

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Posted by admin 22 hours ago (http://source.co.zw)
HARARE, October 22 (The Source) – Zimbabwe’s insurance regulator has drafted new actuarial standards for pension funds to promote more disclosures and best practices. The Insurance and Pension Commission on Tuesday wrote a circular to the Life Offices Association, Zimbabwe Association of Pension Funds and fund administrators outlining new guidelines for pension fund valuations. “Following [

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Jaggers disposes of remaining assets, creditors to receive dividend before year-end

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Posted by admin 22 hours ago (http://source.co.zw)
By Chipo Musoko, HARARE, October 22 (The Source) – The liquidation of the country’s largest wholesaler Jaggers and its subsidiary Trador will be concluded by end of November when creditors, who are owed over $13 million, will receive their final dividend, the company’s liquidator has said. Jaggers Wholesalers, one of the leading distributors of fast-moving […]

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Riot police intervenes to quell rowdy AfrAsia depositors

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Posted by admin 22 hours ago (http://source.co.zw)
MUTARE, October 22 (The Source) – Riot police on Tuesday rescued of the management of troubled AfrAsia Bank’s Mutare branch after some civil servants turned rowdy when they failed to access their salaries, police said, a sign of the deepening crisis at the bank. The bank is in the throes of a cash squeeze that […]

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Zim gets US$800 million UN development assistance

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Posted by admin 22 hours ago (http://www.financialgazette.co.zw)
ZIMBABWE has so far received $798 million from the United Nations under the three-year programme – Zimbabwe United Nations Development Assistance Framework (Zundaf) to support national development priorities and help it achieve Millennium Development Goals by 2015. Addressing stakeholders and journalists on Tuesday on the progress made under Zundaf since its launch in 2012, the ...

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Govt to launch livestock policy

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Posted by admin 22 hours ago (http://www.financialgazette.co.zw)
GOVERNMENT will launch a new livestock policy by year end which seeks to protect cattle owners from being shortchanged by private abattoirs as well as reduce statutory charges in trading, a junior minister has said. Paddy Zhanda, the deputy minister of agriculture responsible for livestock told The Source on Monday that under performance of state-owned ...

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Ambitious woman forms political party

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Posted by admin 22 hours ago (http://www.financialgazette.co.zw)
A NEW political party, the African Democratic Party (ADP), was launched last week in Harare with much pomp and fanfare. Led by president, Marcellina Chikasha (MC), the party is not wasting time, but already gearing up for the 2018 elections. Financial Gazette News Editor, Maggie Mzumara (MM), sought to pick the brains of Chikasha to ...

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