Indigenisation demands don’t apply to DHL, says Zimbabwe minister

DHL, a unit of German Post, has been operating in Zimbabwe since independence in 1980. Logistics firm DHL International says it will expand its operations in Zimbabwe after receiving government assurance that key provisions of the controversial indigenisation policy had been scrapped. The Minister of ICT, Postal and Courier Services Supa Mandiwanzira told journalists after a […]

Zimbabwe: Willdale returns to profitability on the back of volume increases and better cost management

Cost management initiatives undertaken during the year resulted in a 22 percent decline in average production costs. WILLDALE’s after tax profit for the year ended 30 September 2015 grew by 77% to $214 086 from a loss position of $931 011 in prior year and the group says it is now positioned to sustain profitability […]

Zimbabwe stock Pelhams suspended from trading on stock exchange ahead of company liquidation

PELHAMS Limited has applied for voluntary suspension in the trading of its shares with immediate effect having failed to meet its debt obligations. According to a statement from the Zimbabwe Stock Exchange (ZSE) the company notified the bourse on 24 November 2015. “Pelhams Limited wishes to advise all Shareholders that the Company has applied for […]

Zimbabwe budget forecasts 2.7% growth in 2016; 92% of budget still spent on govt wages

Zimbabwe’s Economic Development Minister Patrick Chinamasa said on Thursday the country’s economy would grow by 2.7 percent in 2016, after he rolled out measures aimed at addressing a deepening economic crisis. Zimbabwe’s economy is expected to grow by 1.5 percent this year, after initially being projected to grow by 3.5 percent. Announcing the US$4 billion […]

Zimbabwe: Healthcare Providers Urged to Embrace New Technologies

Healthcare institutions should embrace new technology to improve the country’s health delivery system, a senior Government official has said. Secretary for Health and Child Care Dr Gerald Gwinji said the adoption of new technologies offered healthcare institutions the potential to address challenges related to rising costs, uneven quality and inadequate access. He said this during […]

Zimbabwe: Imported Used Vehicles Drive Air Pollution

The huge demand for used imported vehicles and poor restrictions are causing traffic congestion and worsening air quality in most cities in Africa, environmental experts say. Centre for Science and Environment (CSE) director Anumita Rayochowdhury told African journalists at the first India-Africa Dialogue on air quality and mobility that the unfettered importation of used vehicles […]

Delays at Zim border costing importers millions

ZIMBABWE’S firms are haemorrhaging from costs incurred from delays at the country’s borders, which they blame on the Zimbabwe Revenue Authority (ZIMRA), the Financial Gazette can report. According to industry sources, the delays are being caused by the revenue collector’s centralised declaration system under which bill of entry documents are no longer processed at border […]