Oil producers raise red flag over soya imports

Oil producers raise red flag over soya imports June 8, 2017 Business Oil producers say the future of soya farming lies in Government taking a firm stance on banning soya imports by speculators Business ReporterEDIBLE oils manufacturing companies have warned that the continued indiscriminate issuance of import permits for soya beans could lead to a collapse …

Millers call for suspension of food fortification

Millers call for suspension of food fortification June 8, 2017 Business Mr Tafadzwa Musarara Conrad Mwanawashe Business ReporterTHE grain milling industry has requested Government to suspend, indefinitely, the mandatory food fortification programme scheduled to commence next month saying it would cost about $20 million to import the equipment and machinery for the process.Furthermore, the milling industry would …

Fuel prices fall, says Zera

Fuel prices fall, says Zera June 7, 2017 Business Engineer Gloria Magombo Harare BureauTHE Zimbabwe Energy Regulatory Authority says retail prices of diesel and petrol fell by 3,27 percent  and 3,62 percent respectively, between March and May this year, in tandem with global petroleum trends. This comes as the regulator made assurances that despite the acute …

Probrands commissions $3,6m dairy plant

Probrands commissions $3,6m dairy plant June 5, 2017 Business Probrands managing director Calum Philp explains the packaging process of their UHT milk while an employee monitors the process at the company’s plant recently.(Picture by Shelton Muchena) Tinashe Makichi Business ReporterFast moving consumer goods producer, Probrands, has commissioned a $3,6 million Ultra-high temperature dairy plant in Ruwa as …

High Court removes veil protecting firms under judicial management

High Court removes veil protecting firms under judicial management June 5, 2017 Local News Harare BureauThe High Court has removed a veil protecting companies under judicial management from having their assets attached to recover investments, a ruling likely to open flood gates of writs of attachment of property, especially against banks. Justice Happias Zhou ruled in …

Tongaat banks on Tokwe-Mukorsi Dam

Tongaat banks on Tokwe-Mukorsi Dam By ZimSitRep_M | May 31, 2017 0 Comment Source: Tongaat banks on Tokwe-Mukorsi Dam – DailyNews Live BUSINESS WRITER      31 May 2017 HARARE – Zimbabwe’s largest sugar producer, Tongaat Hulett (Tongaat), isbanking on the newly-completed Tokwe-Mukorsi Dam to increase production. “The recent completion in Zimbabwe of the Tokwe-Mukorsi Dam….willdiversify the water catchment area …

Protecting smallholder farmers from price variability

Protecting smallholder farmers from price variability May 31, 2017 in Business That most African smallholder farmers can produce enough commodities for household consumption and surplus for the market is now beyond question. The majority of committed farmers have mastered the art of producing almost any commodity. What remains outside their control are market dynamics such as prices …

Farmers ask for more time to repay bank loans

Farmers ask for more time to repay bank loans May 31, 2017 in News FARMERS’ unions are lobbying MPs to assist them to be given more time to repay the millions of dollars they secured in loans from banks to buy equipment and machinery for their operations. by VENERANDA LANGA Parliamentary Portfolio Committee on Lands and Agriculture …

Empowerment is not about starting banks

Empowerment is not about starting banks May 30, 2017 Features, Opinion & Analysis, Nick Mangwana – View from the Diaspora Command Agriculture is an example of an empowerment programme that has been in the main a success, without the State having to open another “Agribank” Nick Mangwana View from the DiasporaZimbabwe has experienced a high share of bank …

Land reform cost 1,5m jobs: Chinamasa

Land reform cost 1,5m jobs: Chinamasa By ZimSitRep_M | May 26, 2017 4 Comments Source: Land reform cost 1,5m jobs: Chinamasa – DailyNews Live Blessings Mashaya      26 May 2017 HARARE – Zimbabwe’s controversial programme to redistribute land takenfrom white farmers cost 1,5 million jobs, Finance minister PatrickChinamasa has said. “Right now our economy is highly informalised. I always give …