The changing face of banking in Zim

The changing face of banking in Zim http://www.theindependent.co.zw/ Thursday, 09 September 2010 17:42 YESTERYEAR, the investment case for venturing into commercial banking was the prospect of accessing cheaper deposits. Retail deposits come with low costs as most transactional accounts earn hardly any interest. Although savings accounts pay interest, the rates tend to be lower than, …

Bread price increase unjustified: Biti

Bread price increase unjustified: Biti http://www.theindependent.co.zw/ Thursday, 09 September 2010 18:50 Finance minister Tendai Biti has described recent bread price increases  as unjustified, while the Competition and Tariff Commission (CTC) has begun investigations into possible price fixing by bread industry players. Bread producers two weeks ago announced at a press conference that they were increasing …

New strategy, special congress for CFU

New strategy, special congress for CFU http://www.thezimbabwean.co.uk Written by Vusimuzi BhebheWednesday, 08 September 2010 09:56 HARARE – The Commercial Farmers Union plans to hold a special congress in November to discuss the proposed restructuring of the organisation, whose membership has been hit by President Robert Mugabe’s controversial land “reform” programme. (Violent evictions of the last …

Farm invading MP evicted, but warns he will return

Farm invading MP evicted, but warns he will return http://www.swradioafrica.com By Alex Bell08 September 2010 An MP behind the invasion of a farm in Somabuhla has finally been evicted from the property, but has warned he will return to take over the land. MP Jabulani Mangena has led a campaign of harassment, vandalism and violence …

Biti says US$50 billion loan ‘unclean’

Biti says US$50 billion loan ‘unclean’ http://www.dailynews.co.zw/ By Guthrie MunyukiWednesday, 08 September 2010 09:19 HARARE – Finance minister Tendai Biti says one of the officials representing a South African firm offering Zimbabwe a failed US$50 billion loan was an arms dealer and could have “Russian Mafia” links. Biti said Norange Capital Markets’ outlandish offer was …

Economists warn against Zimbabwe’s currency black market

Economists warn against Zimbabwe’s currency black market  http://www.sabcnews.com/ September 08 2010 , 6:12:00 Thulasizwe Simelane, Zimbabwe Economists say the resurgence of Zimbabwe’s currency black market is symptomatic of weaknesses in the banking sector and exchange rate distortions. Black market traders who were partly responsible for the demise of the country’s currency two years ago, are …

Zimbabwe seeks S. Africa credit, overdraft facility – finmin

Zimbabwe seeks S.Africa credit, overdraft facility -finmin http://af.reuters.com/ Wed Sep 8, 2010 11:35am GMT * Finmin: Want to revive 2.75 bln rand overdraft facility * Eyeing 500 million rand credit line – Zimbabwe finmin * Zimbabwe agrees $70 mln Botswana credit line By Nelson Banya HARARE, Sept 8 (Reuters) – Zimbabwe is seeking 3.25 billion …

Zim food supplies stable

Zim food supplies stable http://www.zimonline.co.za by Tobias Manyuchi Tuesday 07 September 2010 HARARE — Zimbabwe’s food security has been stable throughout the year but humanitarian assistance is needed in October when the current food stocks run out, the Famine Early Warning System (Fewsnet) has said. “Food security at the national level is stable with contributions …

Rhino owners strike back

Rhino owners strike back http://www.zimonline.co.za by Own Corespondent Monday 06 September 2010 HARARE – Animal conservationists may have finally found the elusive solution to the age-old problem of rhino poaching – and the results are as deadly as the poachers’ ruthless methods. The fight against rhino – and elephant – poachers has hitherto been a …

Mwenezi farmer unveils cattle-breeding project

Mwenezi farmer unveils cattle-breeding project   The Herald – 7 September 2010   A white commercial farmer and rancher in Mwenezi, Mr Brine Caywood, has unveiled a cattle-breeding project.   He plans to use the project to donate more than one million artificial insemination doses from hybrid bulls to the local communal farmers over the …