Commercial Farmers' Union of Zimbabwe
Return of import duty ill-timed http://www.dailynews.co.zw By Diana Chisvo, Business WriterWednesday, 03 August 2011 09:28 HARARE – The Consumer Council of Zimbabwe (CCZ) says government’s decision to restore import duty on basic commodities is ill timed as local industry is operating way below capacity.The consumer watchdog said there was still heavy reliance on imports as local industry could …
Corruption nail in the economy’s coffin http://www.theindependent.co.zw/ Friday, 29 July 2011 11:37 Eric Bloch THERE are many nails in the coffin of the desperately needed recovery of the distressed Zimbabwean economy. They range from the endless political instability to the destructive mouthings of the Minister of Indigenisation and Economic Empowerment, Saviour Kasukuwere; the dismal circumstances of most parastatals and …
No hope of recouping debts: Arda http://www.theindependent.co.zw/ Friday, 29 July 2011 10:49 Paidamoyo Muzulu THE Agricultural and Rural Development Authority (Arda) has lost hope of recouping any money from institutions and politicians who benefited from the 10-million euros tractors bought for agricultural mechanisation in early 2000.According to Arda chairman Basil Nyabadza, 428 tractors were bought from Iranian manufacturer Itmoc …
Zimbabwe Finance Minister warns of govt shutdown over deficit http://www.theafricareport.com Thursday, 28 July 2011 16:17 Zimbabwe’s Finance Minister Tendai Biti has warned of a “long winter of despair” saying there is a real danger of government shutting down completely down as early as October. Biti made the warning on Tuesday as he presented his midterm fiscal policy statement …
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Zimbabwe economy to grow by 9.3 pct in 2011 – Biti http://af.reuters.com Tue Jul 26, 2011 3:34pm GMT * Agriculture, mining to boost economy * Inflation seen ending 2011 at 4.0 pct * Maize harvest to rise * Biti sees $700 million funding gap By Nelson Banya and MacDonald Dzirutwe HARARE, July 26 (Reuters) – …
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Investor confidence wanes http://www.dailynews.co.zw By EditorMonday, 25 July 2011 14:17 HARARE – Zimbabwe’s indigenisation policy has dampened foreign investors’ confidence and participation on the Zimbabwe Stock Exchange (ZSE), the African Development Bank (AfDB) has said. In its monthly economic review for July, the continental lender said shares worth $13,1 million were bought by external investors on the local …
Zimbabwe cbank says approves $1.5 bln lines of credit http://af.reuters.com Wed Jul 20, 2011 10:16am GMT HARARE, July 20 (Reuters) – Zimbabwe’s central bank has approved $1.5 billion this year in foreign lines of credit sourced by local banks, mostly to fund the agriculture and manufacturing sectors, Governor Gideon Gono said on Wednesday. The African country’s economy is …
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NSSA threatens land grab farmers who fail to pay http://www.thezimbabwean.co.uk/ The National Social Security Authority has given July 31 as the deadline for “new” farmers to submit outstanding pension contributions for their workers after it emerged the majority of the emergent farmers were not paying.20.07.1111:08amby John Chimunhu The futures of possibly hundreds of thousands of workers employed …
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Business talks tough on fiscal policy http://www.thestandard.co.zw/ Sunday, 17 July 2011 12:22 BY NDAMU SANDU BUSINESS has proposed the introduction of a levy that penalises exporters of unprocessed products to force companies to adopt value addition and employment creation. The proposal by the Confederation of Zimbabwe Industries (CZI) is meant to reinforce calls by economic blueprints to embrace …