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Chasi troubles mount

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Posted by admin 4 days ago (http://www.financialgazette.co.zw)
DEPUTY Minister of Justice, Legal and Parliamentary Affairs, Fortune Chasi’s fortunes are deteriorating further amidst revelations that he could be censured for being absent without official leave, when earlier in the year he went to a Thomas Mapfumo concert in South Africa, without Cabinet approval. The Financial Gazette understands that in April this year, Chasi ...

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Zimbabwe in historic win over Australia in ODI

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Posted by admin 23 hours ago (http://www.financialgazette.co.zw)
ELTON Chigumbura hit an unbeaten half century as Zimbabwe defeated Australia for only the second time in a one-day international. Zimbabwe, chasing 210 for victory, won with 12 balls to spare to claim a famous three-wicket win in Harare.  It was the team’s first ODI win over Australia since the 1983 World Cup, their first ...

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NicozDiamond posts interim profit

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Posted by admin 2 days ago (http://www.financialgazette.co.zw)
ZIMBABWE’S largest short-term insurer, NicozDiamond has posted an operating profit of US$1,9 million for the half year to June 30, 2014, a 60 percent increase from US$1,2 million achieved during the same period last year, despite demand for insurance declining due to cash shortages in the economy. Economic activity has been very subdued and demand ...

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Emirates celebrates Zim travel agents

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Posted by admin 2 days ago (http://www.financialgazette.co.zw)
EMIRATES, which flies daily from Harare to Lusaka and Dubai, has celebrated the importance of Zimbabwe’s travel agents by launching an annual award ceremony to recognise their importance in sparking the nation’s desire for travel. Traverze Travel received the airline’s top award for excellence – Top Agent 2013/14, along with the First Class Top Sales ...

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World-class repair facility opened in Harare

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Posted by admin 2 days ago (http://www.financialgazette.co.zw)
THE most time-consuming part of the car- manufacturing process is not the construction process itself but the finishing process which encompasses bodywork protection and top-coating which we commonly refer to as “paintwork.” That coat of paint and the base to which it is applied may well be seen to play little more than a cosmetic ...

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Monetary policy to strengthen financial sector

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Posted by admin 3 days ago (http://www.financialgazette.co.zw)
THE Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya has announced new measures aimed at maintaining the stability of the financial sector and improve the overall liquidity situation in the country. The financial sector has been fragile in the multi-currency regime owing to multiple factors that include lack of lender of last resort, an ...

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Gono set, legal hurdle cleared

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Posted by admin 4 days ago (http://www.financialgazette.co.zw)
FORMER Reserve Bank of Zimbabwe governor, Gideon Gono looks set to land the Manicaland senatorial seat left vacant following the death of Kumbirai Kangai in August last year after President Robert Mugabe assented to the Electoral Amendment Bill. The Bill had been waiting for President Mugabe to append his signature for it to become effective ...

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Shock salary increase for chefs

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Posted by admin 4 days ago (http://www.financialgazette.co.zw)
A STORM is brewing between top government directors and the rest of the civil service after salaries for the former were clandestinely increased by more than double that of their deputies. A copy of a salary schedule leaked to this paper indicates that directors of ministries and government departments are now grossing US$1962 in salaries ...

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