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ZSE commences work to link ATS to CSD

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Posted by admin 15 hours ago (http://source.co.zw)
HARARE, October 30 (The Source) – The Zimbabwe Stock Exchange has commenced work to link its Automated Trading System to the Central Securities Depository to enable interaction of the two systems and to prevent selling of non-existent and blocked shares. The ATS, which seeks to replace the manual trading platform would be operational early next […]

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Profiteering fuelling high import bill – Mangudya

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Posted by admin 15 hours ago (http://source.co.zw)
HARARE, October 30 (The Source) – The Central Bank governor John Mangudya on Thursday said the culture of profiteering by local businesses was fuelling imports as locals bid to avoid high prices on local products. Zimbabweans imported goods worth $2,99 billion in the first half of the year compared to exports of $1,23 billion. “The […]

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Zimbabwe gets Indian help to set up diamond auction centre

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Posted by admin 15 hours ago (http://source.co.zw)
HARARE, October 30 (The Source) –  A group of 20 Indian diamond industry players are expected in the country next week to help set up a diamond auction centre as Zimbabwe steps up bid to sale gems locally. Zimbabwe has plans to hold diamond sales locally next month after conducting four diamond auctions outside the […]

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EU resumes direct aid to Zimbabwe

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Posted by admin 15 hours ago (http://source.co.zw)
HARARE, October 30 (The Source) – The European Union has lifted its 12-year suspension of direct financial aid to the government of Zimbabwe, imposed after allegations of rights abuses by President Robert Mugabe’s administration, an EU official announced on Thursday. Officials said this is a major step towards the normalisation of ties but hastened to […]

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Harare city council proposes $273mln budget, no rate increase

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Posted by admin 15 hours ago (http://source.co.zw)
By Plaxedes Sibanda, HARARE, October 30 (The Source) – Harare City Council on Thursday proposed a $272,7 million budget for 2015, lower than the 2014 figure, with no tariff increases for the fifth year running. The council’s Finance and Development Committee chairperson, Councillor Tranos Moyo said the city expects to spend $272.4 million, leaving a […]

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Editorial | When elephants fight . . .

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Posted by admin 15 hours ago (http://www.financialgazette.co.zw)
IT is quite true that when elephants fight, it is the grass that suffers. When ZANU-PF trounced the Movement for Democratic Change (MDC) formations at the July 2013 polls, it was everyone’s hope that the governing party would live up to their word. Ahead of the polls, ZANU-PF officials criss-crossed the provinces, brandishing an election ...

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Editorial | Conflict of interest

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Posted by admin 15 hours ago (http://www.financialgazette.co.zw)
PAUL Chimedza is a medical doctor, with a thriving practice in Avondale. He is the Deputy Minister of Health and Child Care. His boss is David Parirenyatwa, also a medical practitioner. Both men preside over a ministry that has oversight on medical aid societies, with whom they are currently in dispute over a new tariff ...

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Mayhem in ZANU-PF structures

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Posted by admin 15 hours ago (http://www.financialgazette.co.zw)
THE setting up of a parallel team to manage provincial affairs ahead of the ZANU-PF congress, outside of the normal provincial leadership structures, is set to create mayhem as the introduction of additional committees has provided fodder for power tussles.  With provincial leadership being hotly contested and disputed along factional lines, the juxtaposition of a ...

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