Zimbabwe

The Guardian

LIKE many young Zimbabweans before and since, Tinashe Nyamudoka left the economic chaos of his country to find work and a better life for himself in neighbouring South Africa.

When he left in 2008, Nyamudoka had never tasted wine. Now, he ranks among southern Africa’s top sommeliers and has his own wine label with international sales.

By Anna Chibamu/Agencies

ZIMBABWEANS living and working in South Africa are reported to be “worried and tense” over reports of fresh xenophobic attacks in the neighbouring country.

In a statement Wednesday, the Zimbabwe Exiles Forum (ZEF) chairperson Gabriel Shumba most foreigners in South Africa were “under siege”.

By Alois Vinga

LIISTED resources group, Bindura Nickel Corporation (BNC) has seen net exchange losses going down by 96% attributed to the positive impact of stable rates.

Presenting the interim condensed financial results for the period ended September 31, 2021, BNC chairperson, Muchadeyi Masunda applauded the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction for the obtaining stability.

By Alois Vinga

TOP economist, Vince Musewe has vehemently dismissed expectations workers bodies for US$ salary payments hinting such a move would be inconsistent with international best practices and instead called salary adjustments in tandem with inflationary pressures.

Several workers bodies were highly anticipating a return to the US dollar denominated salary in the national budget delivered by Finance Minister, Mthuli Ncube recently, prompting many to shoot down the blueprint for failing to award salaries in foreign currency.

By Alois Vinga

EMPLOYERS Confederation of Zimbabwe (EMCOZ) has hailed the government for implementing reforms that have significantly reduced annual inflationary rates amid calls to further tighten the policy measures for fuller benefits to cascade down to workers.

Speaking to NewZimbabwe.com on the possibility of matching salaries with current inflationary rates, EMCOZ president Demos Mbauya hinted there was a need to consider the current impact of economic policies and address existing gaps through constructive social dialogue.

By Paidashe Mandivengerei

INFORMATION minister, Monica Mutsvangwa has led tributes celebrating Zimbabwe Achiever Awards (ZAA) founder and chairperson, Conrad Mwanza for his achievements at the helm of the prestigious awards.

This comes after Mwanza earlier in July announced he would be stepping down as ZAA chief executive, a post he occupied since the awards inception a decade ago. His successor will be announced on December 1.

By Alois Vinga

LISTED second-largest hotelier, Rainbow Tourism Group (RTG) has recorded a 4% increase in room occupancy including lucrative profit margins.

The hotelier has attributed the attractive returns to currency stability in the country and bullish management practices which defied the odds of the global Covid-19 pandemic.

Presenting the half-year performance of the group for the period ended June 30, 2021, RTG chairperson Arthur Manase attributed the upsurge to management strategies, which tapped into the domestic market.

By Alois Vinga

LISTED financial services company, Fidelity Life Assurance (FLA) has appointed seasoned accountant, Zvenyika Zvenyika to the post of acting chief executive.

The appointment is with effect from October 1, 2021.

He takes over from outgoing CEO Rueben Java who leaves the post after resigning while the group finalises the appointment of a substantive candidate to the post.

By Staff Reporter

THE Zimbabwe National Chamber of Commerce (ZNCC) has called on the government to ensure that there is policy consistency and also the creation of a conducive business environment.

ZNCC president Tinashe Manzungu making an address in Kwekwe recently said the country has the potential to flourish and attract investment if there are proper government policies in place.

By Alois Vinga

AFRICAN Forum and Network on Debt and Development (AFRODAD) has bemoaned Zimbabwe’s debt distress levels amid calls for stakeholders in similar situations to assist in finding the best to solve the crisis.

Addressing delegates at the close of a three-day-long Zimbabwe Annual Multi-Stakeholder Debt Conference AFRODAD’s acting director, Yungong Theophilus Jong said the problem is bedeviling the southern African nation.