Sharon Munjenjema The Reserve Bank of Zimbabwe’s Financial Intelligence Unit has blacklisted 47 more individuals for engaging in illegal foreign currency transactions. This comes days after 30 others were named and shamed and also barred from operating bank and mobile phone money accounts for the next two years. The ban extends to ownership and use […]
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Thupeyo Muleya, Beitbridge Bureau The Common Market for Eastern and Southern Africa (Comesa) has through its Regional Third-Party Motor Vehicle Insurance (Yellow Card) Scheme launched a Digital Yellow Card Helpdesk System designed to track all queries reported by users. The facility allows National Bureaux, Primary Insurance Companies, and Motorists in member countries to channel all […]
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When Leibniz, one of Europe’s eminent philosophers went public about his new theory of calculus, he did not expect to become Sir Isaac Newton’s perennial arch-enemy. The enigmatic Newton, with the aid of his old notes, asserted that he was the inventor of calculus, having generated the concept twenty years earlier than Leibniz! If it […]
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From Thomas Edison’s electric light bulb to our day, the path to the millionaires’ club is littered with brilliant spark-of-the-moment ideas. Who doesn’t know how Bill Gates and Mark Zuckerberg have transformed the business world through computer operating systems and Internet networks? Does everybody need to be some fairy tale genius of such an order […]
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For years you have been searching for capital to fund your business idea but to no avail. You have been seeking to escape poverty by forming your own enterprise but capital remains the challenge. You have been on the entrepreneurial road for all these years but your destination has remained obscured by lack of funds. […]
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Takudzwa Chihambakwe Zimbabwe like many other developing nations, is faced with a challenge of formalising business operations in the informal sector. Many players in the sector are not paying their taxes, leading to the government losing millions of dollars in revenue. For that reason, Finance and Economic Development Minister, Professor Mthuli Ncube introduced the intermediated […]
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Jeffrey Preston Bezos, the billionaire founder of Amazon once said ‘one of the huge mistakes people make is that they try to force an interest on themselves. You don’t choose your passions; your passions choose you’. Almost everybody is a seeker of fortune! However, we seem to engage in enterprises that we are not passionate […]
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Leonard Ncube Victoria Falls Reporter LEADING crocodilian skins and meat producer Padenga Holdings Limited has listed on the Victoria Falls Stock Exchange (VFEX) making it the second company to trade on the off-shore financial services centre. Finance and Economic Development Minister Professor Mthuli Ncube officially launched the VFEX in October last year, and Seed Co […]
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ZTN Correspondent THE Reserve Bank of Zimbabwe (RBZ) has found 21 more entities guilty and facing penalties for abusing the foreign exchange auction system. This brings to 39 the number of entities that have been flagged thus far, after 18 were named last month. The Government in May announced Statutory Instrument 127 of 2021 Presidential […]
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Thupeyo Muleya, Beitbridge Bureau Commercial cargo is gradually piling up at Beitbridge Border Post after South Africa temporarily closed its side of the border due to a major fault on their water supply line. The development has seen the border running without water in the last 24 hours and only skeletal staff are manning the […]
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