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Economy could collapse on Zimdollar reintroduction, says Chinamasa

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Posted by admin 2 hours 52 minutes ago (http://source.co.zw)
HARARE, September 17 (The Source) – Zimbabwe’s economy risks collapsing if the country prematurely re-introduces the local currency, Finance Minister Patrick Chinamasa has said. The country adopted a basket of multi-currencies in 2009 which mainly includes the United States dollar and the South African Rand, dumping its hyper-inflation ravaged local unit. Chinamasa told legislators in […]

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Jason Njoku opens VC4A Investor Summit at DEMO Africa in Lagos – Check out the program & speakers

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Posted by admin 4 hours ago (http://feedproxy.google.com)
On Wednesday September 24, VC4Africa presents the Investor Summit the “Future of Angel Investing in Africa” at DEMO Africa 2014 in Lagos, Nigeria, together with various partners. This is the first time angel investors come together from across the continent to connect as a Pan-African network.Speakers and panelists include Jason Njoku (iROKO, Spark), Tomi Davies (Lagos Angels Network), Baybars

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38000 share certificates remain unclaimed – SEC

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Posted by admin 1 day 3 hours ago (http://source.co.zw)
HARARE, September 16 (The Source) – About 38,000 certificates of listed shares are still yet to be claimed by their owners as the regulator presses on with measures to improve transparency in the capital markets. In a move to provide clarity on ownership  of shares, the Securities Exchange Commission of Zimbabwe (SEC) earlier this year […]

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500,000 Zimbabweans will require food aid despite record yield – report

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Posted by admin 1 day 3 hours ago (http://source.co.zw)
BULAWAYO, September 16 (The Source) – Over 500,000 people, or at least six percent of Zimbabwe’s rural population will require food assistance between January and March next year, despite the country achieving its highest maize yield in five years, a report jointly authored by government has shown. Zimbabwe claimed food self-sufficiency last month after maize […]

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Workers approach Parliament seeking judicial management for bakery, new equity partner

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Posted by admin 1 day 3 hours ago (http://source.co.zw)
HARARE, September 16 (The Source) – Workers at a struggling medium-sized bakery in Graniteside on Tuesday approached a Parliamentary portfolio committee on Tuesday to ask its owner to apply for judicial management or allow new shareholders to inject fresh capital into the business and save 400 jobs. Baking Industry Workers Union legal advisor Gift Maoneka […]

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UPDATED: Zimbabwe, Russia sign deal to launch $3bn, 800,000oz platinum mine

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Posted by admin 1 day 3 hours ago (http://source.co.zw)
DARWENDALE, September 16 (The Source) – Zimbabwe’s President Robert Mugabe and Russia’s foreign minister, Sergey Lavrov on Tuesday oversaw the signing of several  agreements to develop a $3 billion platinum project in Darwendale near Harare. It would be the largest single foreign investment into Zimbabwe’s troubled economy and would equal nearly a third of the […]

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Delta, Econet losses weigh down ZSE

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Posted by admin 1 day 3 hours ago (http://source.co.zw)
HARARE, September 16 (The Source) – Losses in big cap counters condemned the equities market to a third consecutive loss, with the industrial index dropping 1.2 points to close at 196.60 points. Market movers Delta and Econet all traded in the red. The beverage maker shed one cent to 130 cents, with a turnover of […]

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Exclusive: Chidhakwa summons Chinese platinum miner over delays

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Posted by admin 1 day 3 hours ago (http://source.co.zw)
By Bernard Mpofu, HARARE, September 16 (The Source) – Mines minister Walter Chidhakwa has summoned Chinese platinum miner, Global Platinum Resources, over concerns that the company was holding on to claims for speculative purposes. Chidhakwa said Global Platinum officials are expected into the country next week to update government on their business following its licensing […]

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