Zimvest

The top 10 biz picks of the week PICK ‘N PAY TO INJECT US$21M INTO TM Monday, 17 October PICK ‘n Pay can now inject US$21 million to recapitalise TM Supermarkets after Government approved the South African retailer’s proposal to raise its stake in TM Supermarkets from 25 per cent to about 49 per cent. [...]

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1. LEADERSHIP SUMMIT Speaker: Dr John C. Maxwell- named 2009, 2010 and 2011 world’s top leadership guru and author of 60 books.   Venue: Celebration Centre Borrowdale, Harare Date: 21 November 2011 Time: 8:30 am to 3:30 pm Fee: $300 with lunch and $250 without lunch VIP seating $350 with lunch or $300 without Contact: [...]

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 Kudakwashe is an unemployed Zimbabwean who has had to find solace in the informal sector of the economy as the country has simply failed to create enough jobs. He has been trying a number of things like for instance going to the neighbouring Botswana to get paraffin for reselling back in Zimbabwe during the period [...]

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The informal economy has been credited for absorbing a number of the unemployed and for sustaining the economy during country’s most turbulent years. Information made available by ZEPARU reveals that 60% of economic activity is in the informal sector and thousands are earning a living within this informal setting. There is of course the famous [...]

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 The mega story for this week was the launch of the Community Share Ownership Trust at Zimplats perhaps setting a precedent that could well amicably put the indigenisation controversy to rest. During the week the budget consultation process continued to make the news. Our top 10 business news  items for the week ending 14 October [...]

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Foreign direct investment into the country has been trickling in since the start of the coalition and it has been mainly concentrated in mining industry. Indeed the on-going empowerment controversy and the unresolved issues in the coalition government itself continue to militate against any meaningful foreign investment flowing into the economy. However in this piece [...]

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GOLD OR COMMODITY BACKED CURRENCY IN ZIMBABWE? Since 2009 when the country officially adopted the so-called multiple currency system following the demise of the Zimdollar, there have been some muted calls for the return to a local currency because of certain obstacles associated with the use of foreign currency as legal tender in the country. [...]

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Since well before the dollarization of the economy in 2009 a lot people had grown dissatisfied with the banking system as the withdrawal limits and inflation had left a lot funds totally decimated. The high service fees and low interest on deposits meant that for the most part the exercise of banking was a costly [...]

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THE SECOND VEHICLE QUESTION The back and forth banning of older imported and reconditioned second hand cars particularly from Japan and resistance by citizens underlines flaws of protecting local producers from efficient producers. This battle has played out with reader message boards filled with pleas by some for the reversal of this ban while most [...]

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BUSINESS NEWS OF THE WEEK 3RD OF OCTOBER TO THE 7TH OCTOBER 2011 During this past week the budget consultative meeting was the talking point of business news with expectations that this budget will require $3.5 billion. Also the ministry of youth and empowerment ran an advert in the press blacklisting companies that it said [...]

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