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.

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).

Non-existent firms awarded diamond mining claims

NON-EXISTENT companies were allegedly used to acquire 214 diamond mining claims in Marange in 2006, a Mutare court heard last week.

Uganda suspends Zim Investment Bank

Ugandan Capital Markets Authority has suspended Zimbabwean Investment Bank ReNaissance Capital Limited Uganda and blacklisted two Zimbabwean stokebrokers for improper conduct on the market.

Government uses 65 percent revenue on wages

Zimbabwe’s government is earning only US$100 million per month, 65 percent of which goes to wages, Finance Minister Tendai Biti told reporters on Thursday, painting a grim picture of the state coffers at a time civil servants are on strike for improved salaries.

Zimbabwe bans import of vehicles more than five years old and left-handers

Harare - Zimbabwe has announced a ban on imports of second hand vehicles more than five years old with effect from March next year in a move likely to hurt a booming market for used cars.

Edgars credit is back

Credit is back, this is the message that Edgars Stores is sending to its customers.

Zimbabwe to shut down Hwange

Zimbabwe is considering closing down the Hwange thermal power station because of constant breakdowns, three years after Namibia pumped US$40 million, nearly N$300 million, into the refurbishment of the plant.

Zimbabwe seeks US$1 billion from African Development Bank

President Robert Mugabe of Zimbabwe, which has become a major recipient of food aid over the past decade, was to deliver remarks on agriculture to his fellow heads of state at the African Union summit that opened Wednesday in the coastal city of Sirte, Libya.

Zimbabwe mines minister in trouble over diamonds

Controversy deepened Monday over the Zimbabwean government's handling of the Chiadzwa diamond field in the eastern Zimbabwe, with revelations of serious irregularities by the mines minister and the South African companies involved.