The Perestroika budget

EDITORIAL COMMENT: The Perestroika budget December 7, 2017By Staff Reporter Finance Minister Patrick Chinamasa. “SEISMIC shift” is a phrase that has been used liberally to describe the unseating of Robert Mugabe, Zimbabwe’s leader for 37 years.That Mugabe has straddled our politics for four decades and looked invincible just three weeks ago adds some justification to the …

Stockfeed output declines in 2017

Stockfeed output declines in 2017 December 7, 2017By Tabitha Mutenga, Features and Supplements Editor Maize sourced from Zambia was the cheapest at an average price of US$294 per tonne, while Mexico was the most expensive at US$399 per tonne. POULTRY feeds manufacturers continued to dominate the stockfeed production sector during the third quarter of 2017 with …

ZESA urged to expedite forensic audit

ZESA urged to expedite forensic audit December 7, 2017By Own Correspondent ZESA Holdings group chief executive officer, Josh Chifamba By Alois Vinga ZIMBABWE Electricity Supply Authority (ZESA) employees have called on the power utility’s chief executive officer to urgently expedite a forensic audit that will ascertain the magnitude of losses suffered due to corruption scandals that …

Zimbabwe, Zambia strike US$115m power debt deal

Zimbabwe, Zambia strike US$115m power debt deal December 7, 2017By Phillimon Mhlanga, Business Reporter Ministry of Finance and Economic Planning, permanent secretary Willard Manungo AFTER almost a year of complex negotiations, Zimbabwe has finally struck a deal with Zambia on payment modalities for a US$114,8 million interest on the federation-era debt that Lusaka is owed by …