Day: May 10, 2018

Matemera rewarded for shunning graft

Zimbabwean referee and a police officer at Milton Park Norman Matemera received a $5000 gift for turning down the $10 000 bribe to fix a African Confederation Cup match in Equatorial Guinea in April. Matemera is reported to have been offered the bribe by representatives of Equatorial Guinea’s Deportivo Niefang club. They wanted the ref to influence the second leg of their knockout tie against Ivory Coast’s Williamsville AC on April 18 so they could overturn a 2-0 first-leg deficit.  The Minister of Home Affairs and Culture, Dr Obert Mpofu contributed $3000 towards the gift in honour of Matemera’s...

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Zim exports to South Africa improve

Zimbabwe’s exports to South Africa have improved since January reflecting a sudden recovery of strategic local firms in terms of productivity and competitiveness on commodities and services. South Africa is Zimbabwe’s largest trading partner, however trade between the two countries has in the past years been in favour of the neighbouring economy. A combination of depressed production, high costs of production, limited capacity and slowdown in productivity has also seen Zimbabwe becoming a net importer of commodities from South Africa. However, South Africa Ambassador to Zimbabwe Mr Mphakama Mbete said there has been a sudden improvement in locally produced...

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Govt tackles barriers to ease of doing business

The government is revisiting some acts which are considered as an impediment to the ease of doing business in local authorities. The move is being taken to make it easier for local authorities to attract both local and foreign investment. The Shop Licences Act is one of the legislations which is targeted for amendment to reduce the entire process of licensing from three months to a maximum of two weeks. The Physical Planning Act is also being revisited to eliminate through parliament, the elements that are not friendly with the mantra “Zimbabwe is open for business.” Local Government, Public...

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LAPF fails to pay pensioners

Pensioners who retired from local authorities and municipalities are wallowing in poverty as the Local Authorities Pension Fund (LAPF) is failing to disburse their one third lump sums as well as monthly payouts. Despite sitting on a balance sheet valued at more than US$200 million, LAPF is failing to give pensioners their payouts leaving thousands of them living in abject poverty. Chairperson of the Zimbabwe Progressive Pensioners Trust (ZIMPPET) Mr Wellington Zunde said they are concerned with the plight of their members who contributed to the fund for the entire work life. “Pensioners are always coming to our offices...

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Zimswitch, Finteq partnership to transform Zim’s electronic transfers

Zimswitch Technologies and South African firm Finteq are finalising the setting up of an automated clearing house which will support the processing of high volume debit and credit transactions. The Finteq-Zimswitch’s automated clearing house project which will be implemented in a phased approach is envisaged to transform the country’s electronic funds transfer system. The project which is part of the broader efforts by the country to promote use of digital payments will enable bulk business-to-business, salaries and trade payments. Finteq business development manager Mr Lionel Slowe said the system set to be operational by July this year adding that...

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Delta, Coca-Cola termination talks continue

Zimbabwe Stock Exchange (ZSE) listed blue chip counter Delta Beverages says negotiations are still ongoing with the Coca-Cola Company following a notice issued last year to terminate its bottling agreement with the firm. The notice to end the bottler’s agreement follows Coca-Cola’s announcement in 2016 to acquire Sabmiller’s stake in Coca-Cola Beverages Africa (CCBA). Permutations on the impact of this pointed to a scenario where the firm could lose at least a third of its income and its ability to satisfy demand for its sparkling beverages line. Announcing its financial results for the quarter ending 31 March 2018, the...

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Woman farmer makes strides in banana production

 A woman farmer from Manicaland’s Burma Valley is expecting to harvest 650 tonnes of bananas per hectare emerging as a shining model of success in an industry heavily affected by side marketing. The story of Ms Lucia Mbetsa speaks of a widow who has defied odds to be one of the success stories of the Matanuska banana out grower programme. Funding has been availed by a local financial institution and 10.5 of her 36 hectares are under banana production. The banana crop bunches are ranging from 45 to 75 kilogrammes with a harvest of 650 tonnes expected.  “As of...

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Shot in the arm for people with albinism

A local platinum mine and its partners has embarked on a drive to educate the society on the condition of albinism. The platinum mining firm took the ‘Beyond the Skin’ campaign to Binga were a maiden roadshow to raise awareness of albinism was held. Zimplats in partnership with Zimbabwe Albino Association, Optinova, Ministry of Labour and Social Welfare, Radio Zimbabwe and Friends with Albinism took the Beyond the Skin campaign to Binga with the objective to raising awareness of the condition and to deliver the much needed assistance to the community. The roadshow held at Manjolo Business Centre drew...

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ZTISU games to set alight Bulawayo

As the clock ticks for the 2018 Zimbabwe Tertiary Institutions Sports Union (ZTISU) games set for Bulawayo, sub associations have agreed with technical officials on the selection criteria of athletes for the Confederation of University and Colleges Sports Associations (CUCSA) games. Technical officials met with the local organising committee (LOC) to review preparations for the hosting if the games, the seeding of the teams as well as the selection criteria of athletes for the CUCSA games set for Botswana on the 18th of June. ZTISU development officer Steward Jonhasi said the meetings held in Bulawayo last week agreed the winning...

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10 Squadron leaders promoted

The President and Commander-in-Chief of the Zimbabwe Defence Forces Cde Emmerson Mnangagwa has approved the promotion of 10 Squadron leaders to the rank of Wing Commanders. The 10 senior air force officers have been promoted in line with section 15 sub-section 1b of the Defence Act. Air Force of Zimbabwe Chief of Staff supporting services Air Vice Marshal Jacob John Nzvede told the 10 newly promoted Wing Commanders that promotion comes with more responsibilities and expectations in upholding the people’s right to live in a prosperous and peaceful country. Representing the promoted senior officers, Wing Commander Shamiso Chowe pledged to work hard in discharging their duties. The promoted Wing Commanders are Christopher Musembwa, Msongelwa Ndlovu, Banaby Mlilo, Shamiso Chowe, Kelvin Nemayire, Marshal Makwaiba, Crispen Moyo, Timothy Kambudzi, Spiwe Nyakabau and Clain...

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