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Business , Financial and Property Indaba

Zimbabwe reviewing local ownership rules

by Staff reporter and agencies

Wed, Mar 03, 2010

Zimbabwe’s unity government is reviewing rules forcing foreign-owned firms to sell a majority stake to locals, a cabinet minister said today, adding that the regulations were published prematurely last month.

Gono looted University's funds , intakes frozen

by Special correspondent

Sun, Feb 28, 2010

The University of Zimbabwe is battling to recover nearly US$5 million in research funds looted from its foreign currency account by the central bank during the country's economic crisis. Meanwhile, the institution has frozen intakes in some departments as the country's brain drain takes its toll - and a nationwide lecturer strike at public universities continues.

IMF chief says it's too soon to lend to Zimbabwe

Wed, Mar 10, 2010

The International Monetary Fund chief said Wednesday it's too soon to extend loans to troubled Zimbabwe.

Ethanol refinery in Zimbabwe announced

by Staff reporter and agencies

Mon, Mar 08, 2010

The Zimbabwean government has launched plans for the construction of a sugarcane-to-ethanol refinery.

Zambia and Zimbabwe may setup hydropower project jointly

Thu, Mar 04, 2010

Zambia and Zimbabwe are exploring prospects of establishing a joint hydropower project at a cost of USD 2.5 million to increase generation.

Zimbabwe Stock Exchange falls sharply in reaction to looting

by The Zimbabwe Mail

Wed, Mar 03, 2010

HARARE - Zimbabwe Prime Minister Morgan Tsvangirai is stepping up efforts to reverse a Zanu PF looting project presented as black empowerment law.

Insurance ad sparks outrage in Zimbabwe

Mon, Mar 01, 2010

An insurance renewal advertisement by RM Insurance has provoked the women's rights lobby in Zimbabwe, which is demanding an apology from the company for demeaning “wives, mothers, daughters, sisters and grannies.”

Tongaat Chief Says Zimbabwe ‘Still Very Turbulent’

by Bloomberg

Mon, Mar 01, 2010

Tongaat Hulett Ltd., South Africa’s second-biggest sugar producer, considers Zimbabwe “still very turbulent” and isn’t able to predict how long it will take to meet its goal of higher output there, according to Peter Staude, the company’s chief executive officer.

45 days to draft share disposal plans

by Zimonline

Mon, Mar 01, 2010

HARARE – Zimbabwe’s foreign-owned companies woke up on 45 days notice today to meet a government directive to draft plans on how they will sell majority stakes to blacks, leaving alarmed investors seriously considering their future and dampening the country’s recovery prospects reports Zimonline.