BUSINESS NEWS

By Derick Tsimba

Presenting the 2021 Zimbabwe National Budget in Harare today, Minister of Finance and Economic Development, Professor Mthuli Ncube said the foreign exchange auction introduced in June 2020 managed to stabilise the exchange rate and prices of goods and services.

By Rutendo Jiri

MDC Alliance Vice leader, Tendai Biti’s ‘State of the Economy Address’ which he delivered Tuesday at SAPES Trust offices has been roundly described as monotonous and uninspiring.

By Zivanai Dhewa

…As presidential Input Scheme beneficiaries choose to export

Stockfeed Manufacturers Association (SMA) has ascribed the high pricing of their stockfeed produce to the high cost of raw materials from the oil expressers, the Harare Post has learnt.

by Grace Chekai

A Gweru-based Chinese owned ferrochrome company, Jinan is now fully operational after downsizing operations in March due to the outbreak of the COVID-19 virus, Harare Post has learnt.

By Derick Tsimba

Government has restored the full fungibility of SeedCo International Limited shares after its successful relisting on the Victoria Falls Stock Exchange (VFEX), the Minister of Finance and Economic Development has said.

By Rungano Dzikira

Economists have projected a positive 2021 economic outlook which will be characterized by stabilization of the exchange rate, in turn guaranteeing the return of the local currency as an acceptable currency.

By Staff reporter

The Zimbabwe Revenue Authority (Zimra) has announced that with effect from 1 November 2020, all goods imported into Zimbabwe by road should be pre-cleared before their arrival at the country’s borders as part of efforts to decongest the ports of entry.

By Rungano Dzikira

Domestic tourism continues to be on an upward trend owing to concerted efforts of boosting local arrivals as a spring board to enhance tourism earnings in response to the impact of COVID-19, Government has said.

By Derick Tsimba

President Emmerson Mnangagwa yesterday in Harare officially launched the Consumer Protection Act [Chapter 14:44], which seeks to protect the consumer of goods and services by ensuring a fair, efficient and transparent market.

By Zivanai Dhewa

…. and shields the vulnerable from the effects of Covid-19

Government announced during the 26^th Intergovernmental Committee of Senior Officials and Experts (ICSOE) of Southern Africa, ways in which it has put in place to resuscitate the economy and also protect the vulnerable people from the effects of Covid-19, the Harare Post can report.

By Zivanai Dhewa

…..as Air Tanzania joins other airlines in Zim Skies

Air Tanzania resumed its Dar-es-Salaam – Lusaka –Harare flights yesterday after a long absence from the skies following the COVID-19 pandemic that resulted in the shutdown of flights both locally and globally, the Harare Post can report.

By Staff Reporter

Fertilizer producing firm, Sable Chemicals has secured US$1.4 million to procure raw materials for the production of fertilizers ahead of the 2020/21 cropping season.