Business
Government to compel listing of banks
Government will enact laws requiring all banks to list on the Zimbabwe Stock Exchange to help them raise capital, Finance Minister Tendai Biti has said. ... Full story
Zimbabwe's Chief Executives Fail to Pass On the Baton
ANNOUNCING the "shock" departure of then group chief executive officer Nyasha Makuvise last year, CBZ Holdings board chairman Luxon Zembe told analysts that while the group regretted his resignation, leadership was like a relay where one had to pass on the baton. ... Full story
President Mugabe owns all mineral rights - Mutambara
MINING rights in Zimbabwe are vested in the President and acquisition of a mining title does not transfer ownership of mineral claims to the investor, Deputy Prime Minister Arthur Mutambara has said. ... Full story
MDC-T to keep US dollar as currency for five years
HARARE - The Movement for Democratic Change led by Prime Minister Morgan Tsvangirai’s MDC-T party has said it would maintain the current US dollar-dominated currency regime during its first five years in power if it forms the country's next government ... Full story
Scandal Rocks TelOne
TelOne, the country’s fixed telecommunications network operator, is understood to have been rocked by a scandal involving the diversion of employee benevolent funds to a microfinance institution, prejudicing employees. ... Full story
No more abuses on ZSE: Biti
THE Zimbabwe Stock Exchange will no longer be allowed to regulate itself owing to past abuses and malpractices and insider trading by the players, Finance Minister Tendai Biti has said. ... Full story
Zesa under probe
THE National Economic Conduct Inspectorate has instituted investigations into Zesa Holdings, which has resulted in the suspension of the top brass within the utility’s subsidiaries. ... Full story
SABMiller Zimbabwe unit year earnings up 36 percent
HARARE - SABMiller's Zimbabwe unit reported a 36 percent rise in full-year earnings on Wednesday, driven by strong sales of premium lager and non-alcoholic beverages. ... Full story
NSSA Increases Pensions
HARARE – Those who become eligible for a social security pension after next month will, if they are earning between $350 and $700 and have been contributing to the pension scheme since its inception, receive substantially higher pensions than they would have done had they retired earlier, according to a statement from the National Social Security Authority (NSSA). ... Full story
ZSE Launches Data Widgets
HARARE – Following the successful Zimbabwe Stock Exchange (ZSE) data portal launch in March this year, Big Law Management Consultants (Pvt) Limited (“Big Law”) has launched “ZSE Data Widgets”, tools that enable individuals to view investor information online. ... Full story
