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Money Finance & Property

Zimbabwe, SA sign treaty to protect new investors

Fri, Feb 12, 2010

A treaty between South Africa and Zimbabwe signed recently will protect future investors in respect of expropriation and compensation, a law firm said on Wednesday.

John Moxton to return to Zimbabwe

Wed, Feb 10, 2010

JOHANNESBURG: The specified Kingdom Meikles Africa shareholder has said he will be going to Zimbabwe soon after being invited by the Minister of Home Affairs.

Zimbabwe plans tax breaks to attract power project investors

by Special correspondent

Tue, Feb 09, 2010

Zimbabwe was opening up its doors to investors for its energy sector, Minister of Energy and Power Development Elias Mudzuri said on Tuesday, adding that it was also considering offering potential tax holidays for those investors willing to participate in the development of large power projects in the country.

New Zimbabwean law says blacks must own 51 per cent of firms

by Bloomberg

Tue, Feb 09, 2010

Harare - White business executives in Zimbabwe will be forced to ensure that blacks have a 51-per-cent controlling interest in their companies within the next five years, according to a draconian new law published Tuesday.

UK backs Zim on IMF voting rights

Fri, Feb 05, 2010

BRITAIN on Friday said it supported the restoration of Zimbabwe’s voting rights at the International Monetary Fund while noting the “recent improvement in the macroeconomic management” of Zimbabwe’s economy under Finance Minister Tendai Biti.

Terreskane Set for Reopening As Top-Class Upper City Hotel

Thu, Feb 04, 2010

Harare — A CONSORTIUM of local businesspeople has secured a three-year lease of the former Terreskane or Bira at the corner of Sam Nujoma Street and Fife Avenue in a move that is set to breathe new lease of life as an upmarket hotel.