Day: June 27, 2023
ZB unveil an international virtual service centre
Diversified financial services group, ZB Holdings unveiled the International Virtual Service Centre (IVSC) this morning in Harare. The IVSC is a paperless service which makes use of digital platforms to transact. Customers can access the bank’s services virtually through a phone call, email, whatsapp or message. Speaking at the launch, ZB Group Chief Executive Officer […]
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Monthly inflation jumps to 74,5 percent
ZIMBABWE’S month-on-month inflation rate increased by 58,8 percentage points to settle at 74,5 percent from 15,7 percent in May, figures from Zimbabwe National Statistics Agency (ZimStats) have revealed. In a report released yesterday, Zimstat said this means that prices as measured by all items Consumer Price Index (CPI) increased by an average of 74,5 percent. […]
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Zulu Lithium unable to meet off-take deal production target
MINING and natural resource development company, Premier African Minerals, has issued a force majeure notice to China’s Canmax Technologies citing unforeseen operational hurdles encountered at its Zulu Lithium plant in Fort Rixon. Force majeure, a French term, which is a common clause in contracts that essentially frees both parties from liability or obligation when an […]
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Kick-boxing tourney helps youths stay away from drugs: Zvenyika
FORMER commonwealth boxing champion Alfonso “Mosquito” Zvenyika has hailed the Mbare kick-boxing competition held at Matapi Grounds on Sunday. Zvenyika, who took part in an exhibition match at the tournament, hailed organiser of the tournament Simbarashe Chanachimwe for the initiative and said it helps to eradicate drug abuse in the community. Several athletes from all […]
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National Foods pays workers’ trust dividend
THE National Foods Workers’ Trust earned a dividend of US$188 977 for the half-year to December 2022 and the amount is being paid out to qualifying non-managerial employees. This brings the total amount paid over the financial year to US$576 707. In an interview with the National Foods Limited group human resources executive Alice Pawarikanda […]
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Iron, steel sector targets US$6bn
The Iron and Steel and General Engineering Industry plans to generate US$6 billion and employ 50 000 people by 2026, officials have said. This came out yesterday during the inauguration ceremony of the Strategic Leadership Association for Zimbabwe Engineering Iron and Steel Industry (SLAZEISI) in Harare. The Government then said it will support the Iron […]
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Civil servants welcome Government move on salaries
CIVIL servants have welcomed Government’s proposed salary increment to be tabled “imminently” amid indications that the forex component will be increased by US$100 to US$150. The new offer is likely to be tabled during this week’s National Joint Negotiating Council (NJNC) meeting that brings together the Government and worker representatives. Public Service, Labour and Social […]
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Advantage Zim in Super Sixes . . . Williams shine in milestone win over US
ALL-ROUNDER Sean Williams was in devastating form yesterday as Zimbabwe registered the second biggest victory in ODI cricket history following a massive 304 runs demolition of US in the last Group A game of the ICC World Cup Qualifier at Harare Sports Club. The all-rounder, who led the side top battle as stand-in captain, was […]
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Zimbabwe crush USA…President congratulates Chevrons after record breaking win
PRESIDENT Mnangagwa yesterday praised the Zimbabwe Cricket national team for their excellent performance after a record breaking 304 runs win against the United States of America (USA) at Harare Sports Club and urged Bulawayo residents to come in their numbers to support the team. Overjoyed by Chevrons’ performance in the Group Stages of the 2023 […]
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President to address high level summit
PRESIDENT Mnangagwa is expected to address the Africa Union Summit on the conflict in Eastern Democratic Republic of Congo this afternoon in his capacity as Chairman of the AU Peace and Security Council. He arrived here yesterday ahead of today’s High Level Quadripartite meeting of the Southern African Development Community, the East African Community, the […]
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