Press Release: Zimnat Holds March To Mark Launch Of USD Funeral Plan

Press Release: Zimnat Holds March To Mark Launch Of USD Funeral Plan 1

Zimnat Life Assurance on Friday marked the launch of its Gadziriro/ Lungiselelo United States dollars funeral policy with a march from Zimnat House to Joina City in Harare, generating considerable excitement in and around Joina City. Gadziriro/ Lungiselelo is a funeral cash plan that with a monthly premium of less than five United States dollars (USD) pays out up to USD$6 000 for a family of six in United States dollars. Because premiums are paid in United States dollars, payment under this plan is guaranteed in United States dollars, which…

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Ingwebu finally quenches thirst

Ingwebu finally quenches thirst 3

By Dumisani Nsingo BULAWAYO Municipal Commercial Undertaking (BMCU)’s beverages manufacturing unit, Ingwebu Breweries, which has close to a decade been reeling under massive losses, has had a remarkable turnaround. Ingwebu Brewery Ingwebu Breweries managing director Mr Dumisani Mhlanga said the restructuring exercise, which has been carried out by the sorghum beer manufacturer since last year has seen it moving from being a loss making entity into profitability. “On month on month right now we have grown by nine percent and if you look at our volumes on year on year…

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Jobs In South Africa: IT People Shortage Causes Banks To ‘Fight’ For Skills

Jobs In South Africa: IT People Shortage Causes Banks To ‘Fight’ For Skills 4

A country-wide shortage of skilled IT people in South Africa is causing banks in the country to fight over the few candidates available for employment. A report by Sunday Times and MyBroadband says banks are having to pay up to 30% more to hire and retain IT professionals especially for skills needed in their digital migration projects. South African has long been a destination for qualified IT professionals after gaining some experience in Zimbabwe. South Africa, however, is itself losing IT skills to other countries. From Mybroadband: Standard Bank, Absa,…

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Fresh bread scarcity fears as wheat stocks dwindle

Fresh bread scarcity fears as wheat stocks dwindle 6

16th June 2019 Business, Markets By Staff Reporter THE Grain Millers Association of Zimbabwe (GMAZ) reports that wheat stocks in the country have “drastically” reduced amid fears this could impact on the availability of bread in the country. GMAZ Media and PR Manager Garikai Chaunza said in a statement Saturday the country’s milling group was in the process of consulting the central bank in attempts to unlock much needed foreign currency to secure the release of the staple cereal from Beira, Mozambique and Harare. “Wheat stocks have drastically declined and…

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Motorists Suspect Fraud As Harare’s City Parking Stops Issuing Tickets For $1

Motorists Suspect Fraud As Harare’s City Parking Stops Issuing Tickets For $1 8

Harare City Council’s parking division, City Parking, is reportedly no longer issuing parking tickets for $1. Many motorists have suspect fraud since parking marshalls with the business unit have only been issuing the $2 invoices. The parking business in April this year increased their tariffs to $2 per hour from $1, citing the deterioration of the country’s economy. One motorist said: When you want to only pay for 30 minutes, the attendants tell you that it is no longer available despite all their signs stating otherwise. City Parking should address…

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No Tariff Hike, ZESA Turns To Treasury For Help

No Tariff Hike, ZESA Turns To Treasury For Help 10

Zesa Holdings is seeking Treasury support to continue optimum production of electricity at its thermal power stations amid rising expenses largely driven by a spike in coal prices. This comes at a time when hydropower continues to shrink due to rapidly dropping water levels at Kariba Dam. Treasury sources confirmed that Zesa had submitted a proposal for support to the Ministry of Finance and Economic Development “which is still under consideration”. Speaking to The Sunday Mail Business, sources within the Ministry of Energy said: As it is, Zesa will definitely…

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June pension pay-outs t risk as Paynet suspends service to all banks

June pension pay-outs t risk as Paynet suspends service to all banks 12

By Anna Chibamu FEARS abound that the National Social Security Authority (NSSA) might not be able to process this month’s pension payouts after service provider of the payment platform (Paynet) used by banks to process transactions this week suspended services demanding payment in foreign currency, Newzimbabwe.com has learnt. In a notice Friday, NSSA) told pensioners that pay-outs that were due on 13th of June, 2019 might come “a little later” due to Paynet’s move to shut out all banks in Zimbabwe from accessing and using its service. Part of the…

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How Media Reforms Can Help Turn Zimbabwe’s Economy Around – Hopewell Chin’ono

How Media Reforms Can Help Turn Zimbabwe’s Economy Around – Hopewell Chin’ono 14

In an opinion piece posted today on Nehanda Radio, prominent journalist, Hopewell Chin’ono writes about how media reforms can help turn the Zimbabwe economy around. The article itself is political reforms and the writer ties the media reforms into this wider subject. An excerpt: Imagine what it would do to our economy and international relations if President Mnangagwa repealed repressive laws such as AIPPA & POSA and replaced them with progressive laws that will enhance and encourage media businesses to thrive. This is good for Zimbabweans and not just for…

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ZESA Workers Give Notice Of Strike

ZESA Workers Give Notice Of Strike 16

ZESA workers falling under their unions, The Zimbabwe Energy Workers Union (ZEWU), The National Energy Workers Union of Zimbabwe (NEWUZ), have given notice of their intention to strike. Part of the notice reads: LABOUR ACT (CHAPTER 28:01)In the matter between ZIMBABWE ENERGY WORKERS UNION (ZEWU)  – TRADE UNION advertisement AND NATIONAL ENERGY WORKERS UNION OF ZIMBABWE  (NEWUZ) – TRADE UNION AND ZIMBABWE ENERGY INDUSTRY EMPLOYER’S ASSOCIATION (ZEIEA) – EMPLOYERS NOTICE OF IN TO RESORT TO COLLECTIVE JOB ACTION Be pleased to take notice that the ZIMBABWE ENERGY WORKERS UNION and…

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Opinion: Zimbabwe Has Too Many Managers And Too Few Workers

Opinion: Zimbabwe Has Too Many Managers And Too Few Workers 18

An opinion on business news publication, newZWire says Zimbabwe has a shortage of artisans but abundant managers. The article says many artisans have gone to other countries and some of them are aging, and that this has been worsened by the country’s focus on training managers instead of artisans. Says the article, which was penned by Engineer Jacob Mutisi: According to Zimstat, Zimbabwe had 93 714 university students as at August 2017, but only 25 952 polytechnic students. Harare, Zimbabwe’s capital city, has six universities but only one polytechnic. Zimbabwe’s…

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