Commercial Farmers' Union of Zimbabwe
Agriculture is key to economy: Muchemwa http://www.theindependent.co.zw By The Independent on August 10, 2012 in Business AGRICULTURE remains the key component in the performance of the economy and should be the basis for any recovery programmes that might be adopted by government, economist Brains Muchemwa told an Ernst & Young Tax and Economic seminar in the capital this …
High Court in landmark ruling http://www.theindependent.co.zw/ July 27, 2012 in News Staff Writer THE High Court has ruled a commercial bank should reimburse its client money deposited in a foreign currency account (FCA), which was later raided by the Reserve Bank as it tried to prop up government during the hyperinflation era.High Court judge Justice Francis Bere made …
Please click here to open this document which is saved in Adobe. Permission has been given for its publication by Grant Thornton.
Zim set to amend Securities Act: Biti http://www.dailynews.co.zw/ Written by Taurai Mangudhla, Business WriterThursday, 12 July 2012 17:13 HARARE – Finance minister Tendai Biti yesterday said government will this week gazette major amendments to the Securities Act aimed at improving the country’s capital markets regulatory and supervisory functions. Speaking at TN Bank’s listing ceremony on the Zimbabwe …
Zim debt now US$10,7 billion http://www.theindependent.co.zw/ Friday, 06 July 2012 10:40 ZIMBABWE’S external debt overhang is now estimated at US$10,7 billion and, at 111% of GDP, has become an impediment to external sustainability, according to an IMF report seen by the Independent.This debt overhang was as at end of 2011, with the equivalent of 59% of GDP being …
Mugabe seductive, calm, unflappable: Biti http://www.newzimbabwe.com 02/07/2012 00:00:00by Nomsa Nkala I Sunday Mail Finance Minister and MDC-T secretary general Tendai Biti has spoken on his admiration for President Robert Mugabe, describing him as “a fountain of experience, fountain of knowledge and, most importantly, a fountain of stability”. In an interview with The Sunday Mail, Biti also said relations between …
Clear arrears: IMF tells Zim http://www.thezimbabwean.co.uk/ The International Monetary Fund will not give Zimbabwe any more money until it repays outstanding arrears amounting to more than $200million, business sources have confirmed. The country owes $550 million in all.27.06.1211:26am by Ngoni Chanakira Harare A high level IMF delegation was in Zimbabwe for the annual Article IV Consultations. They held …
Biti to present economic review http://www.newzimbabwe.com 25/06/2012 00:00:00by Roman Moyo FINANCE Minister Tendai Biti faces tough choices when he presents his half year economic review this week with the 2012 national budget already thrown off the rails by underperforming revenues with initial growth projections now clearly unachievable. The US$4 billion 2012 National Budget had projected 9,4% economic expansion, underpinned …
$20million IMF funds missing from failed Interfin bank http://www.swradioafrica.com By Tererai Karimakwenda25 June, 2012 An investigation was launched by the Zimbabwe Republic Police this week into the disappearance of $20 million from the International Monetary Fund (IMF), which were given to Interfin Bank by the Finance Ministry. The IMF gave the money to Zimbabwe in 2009 as …
Read more “$20million IMF funds missing from failed Interfin bank”
Zimbabweans face new cash crunch http://mg.co.za 21 Jun 2012 14:54 – Jason Moyo Zimbabwean State spending is being targeted in an unpopular move to tighten the country’s purse strings, writes Jason Moyo. Zimbabwean Finance Minister Tendai Biti, a member of the Movement for Democratic Change, has always cast himself as a no-nonsense bureaucrat who never gives in to …