BUSINESS NEWS

by Zivanai Dhewa

People from all walks of life have hailed the Government for the release of a list of duty free and dutiable goods ahead of the festive season.

By Derick Tsimba

Most banking institutions have increased weekly maximum withdrawal following a reduction on the use of bond notes by the parallel market dealers.

By Rudo Saungweme

Several ground breaking ceremonies for economic development projects have been lined up to be officiated by President Emmerson Mnangagwa as the new dispensation continues regenerate the economy that has been in intensive care unit for a while.

Zimbabwe on Thursday revised downwards its growth forecast for 2018 to 4 percent from 6.3 percent previously projected due to economic headwinds in the second quarter of the year.

By Rudo Saungweme

The 2019 Budget presented yesterday by Minister of Finance and Economic Development Professor Mthuli Ncube has received accolades from citizens across the political and economic divide.

By Tawanda Musariri

Members of the public have welcomed, with a great sigh of relief and joy, the stoppage of the assumption of debt by a vehicle set up by Government to assume unpaid debts that threatened the viability of noteworthy lenders.

By Bernard Mutambudzi.

Government has set timeframes for the partial privatization of some of the State-owned enterprises (SOEs) which would enable them to fully contribute towards economic development. The timeframes range from 12 to 24 months.

By Tawanda Musariri

Employment in the mining sector is rising amid improving performance of major minerals. This is despite economic bottlenecks spurred by foreign currency challenges in the macro economy.

Zimbabwean gold mines have been allowed to retain 55 per cent of their earnings in dollars, from 30 per cent previously.

By Rudo Saungweme

ZimTrade has hailed the New Dispensation’s economic reforms saying that it has improved the ease of doing export business in Zimbabwe resulting in the increase of exports by twenty three percent from US$2.8 billion recorded in 2016 to US$5 billion this year.

By Zivanai Dhewa

The Minister of Information, Publicity and Broadcasting Services, Mrs Monica Mutsvangwa announced after a Cabinet briefing that Zimbabwe has been ranked third best tourist destination in the world for 2019.

By Zivanai Dhewa

In an effort to bring life while minimising continued loss of revenue at State owned enterprises (SOE), Government has started its restructuring exercise of all the 41 parastatals.