Getbucks FY profit up 20pct to $3,6mln

Getbucks FY profit up 20pct to $3,6mln

HARARE, (The Source) – Deposit taking microfinance institution, GetBucks on Friday reported a 20,6 percent increase in after tax profit to $3,6 million in the full year to June from $3 million in the previous year on increased interest income....
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Zim cash crisis: Zanu-PF MP ‘asks Mugabe to force central bank chief out’

Zim cash crisis: Zanu-PF MP ‘asks Mugabe to force central bank chief out’

Harare – A Zanu-PF lawmaker has reportedly urged President Robert Mugabe to fire Zimbabwe’s central bank governor John Mangudya, as the cash crisis continues to grip the country, with bond notes losing value rapidly on the parallel market. According to...
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Pickstone-Peerless gold production at 16,000oz, misses target

Pickstone-Peerless gold production at 16,000oz, misses target

  HARARE,  (The Source) – AIM-listed junior miner Vast Resources on Monday said production at its Pickstone-Peerless Gold mine in Chegutu, Zimbabwe was at 16,000 ounces in the year ended March 30, missing its target of 18,000. “Higher than normal...
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Zim exports to Iran collapse to $1,000, envoy blames banking troubles

Zim exports to Iran collapse to $1,000, envoy blames banking troubles

HARARE, (The Source) – A visiting Parliamentary delegation from Iran on Wednesday expressed concern over the extremely low trade volumes between Zimbabwe and Iran. Chairman of the Iran-Zimbabwe Parliamentary Friendship Group, Mostafa Kavakebian who is also a...
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Harare names and shames debtors as unpaid rates top $700mln

Harare names and shames debtors as unpaid rates top $700mln

  HARARE, (The Source) –The City of Harare on Friday named and shamed some companies and organisations that are not paying rates, with the unpaid rates topping $700 million, compromising service delivery. The list of debtors published on Friday includes...
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Chicken worth R700K intercepted at Beitbridge

Chicken worth R700K intercepted at Beitbridge

      Johannesburg – The South African Revenue Services (Sars) said on Tuesday that its customs officials have intercepted a truck carrying 700 packages of chicken estimated at R711 000 from South Africa to Zimbabwe at the Beitbridge borde...
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Releasing more bond notes will not solve ecomonic crisis

Releasing more bond notes will not solve ecomonic crisis

JOHANNESBURG – Zimbabwean business has warned that escaping the country’s debilitating cash crisis would remain a mirage unless deep-seated structural challenges are addressed. Business leaders yesterday said that injecting more bond notes into the...
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Ford Ranger Raptor to hit market soon

Ford Ranger Raptor to hit market soon

Tinashe Makichi Motoring Global vehicle manufacturer, Ford Motor Company, last week announced that the hugely popular Ford Ranger truck will be available in an off-road performance variant for the first time. The purpose-built, desert racing inspired truck joi...
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Farmers get $100m interest-free loans

Farmers get $100m interest-free loans

Lovemore Zigara, Midlands Bureau A CHINESE company,Tian Ze Tobacco has since 2005 invested about $100 million in Zimbabwe’s agricultural sector through providing interest-free loans to local farmers. Chinese Ambassador to Zimbabwe Mr Huang Ping said the inve...
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Economic reforms dominate Mugabe’s legislative agenda

Economic reforms dominate Mugabe’s legislative agenda

HARARE, (The Source) – President Robert Mugabe on Tuesday opened the final session of the Eighth Parliament ahead of the 2018 general elections, with the economy topping his legislative agenda. Zimbabwe is pursuing reforms albeit at a slow pace, to...
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