Friday, July 21, 2017

Zimbabwe dollar to be shelved at least one year

The Zimbabwean government has shelved plans to re-introduce the Zimbabwean dollar for at least a year to allow the use of multiple currencies to stabilize the local industry that give strength to the local currency, The Sunday Mail reported.

ZIMRA fleeced US$10 million dollars

Zimbabwe - A company linked to embattled businessman and former Member of Parliament, David Butau, is at the centre of a controversial transaction in which the Zimbabwe Revenue Authority (ZIMRA) was prejudiced an equivalent of US$10 million, The Financial Gazette can exclusively reveal.

Zimbabwe prices fall but forex shortages continue

HARARE, April 9 (Reuters) - Zimbabwe's consumer prices fell for the third straight month in March after the government abandoned its worthless currency, but shortages of foreign currency continued to bite.

Zimbabwe ranks low in property protection rights

ZIMBABWE sits among the world’s bottom in a league of 115 economies in terms of protecting property rights, Collectively, the 115 economies surveyed account for 96 percent of the world Gross Domestic Product (GDP).

SA business seeks Zimbabwe guarantees on investment

HARARE, April 6 (Reuters) - South African business leaders on Monday called for guarantees to protect new investment in Zimbabwe, after noting efforts by Harare's new unity government to attract business to help its battered economy.

Storm brews at Innscor

A STORM is brewing at fast foods giant Innscor, where senior managers are accusing their expatriate boss of unfair labour practices following the suspension of two of them and the censure of four others.
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