Business
Shock move on Zimbabwe pension contributions
The Zim government has increased compulsory pension contributions to bail out the National Social Security Authority, which funded the referendum. ... Full story
Anglo executive Gomwe joins Econet board
ECONET Wireless Zimbabwe - the country’s largest mobile telecoms company – has appointed Godfrey Gomwe and Sherrer Gladys Shereni as independent directors. ... Full story
Prime Minister Welcomes Chinese Investment
Zimbabwe's Prime Minister Morgan Tsvangirai on Wednesday said Chinese investments are welcomed and he hopes the economic ties can be further strengthened after Zimbabwe's elections. ... Full story
Zimbabwe Stock Exchange Plans IPO as Index Rallies 38%
Zimbabwe’s stock exchange, whose main industrial index has jumped 38 percent this year, plans to sell shares through an initial public offering by the end of 2013, according to the country’s Securities Exchange Commission. ... Full story
South African ATM deployer expands into Africa
HARARE - Spark ATM Systems, South Africa's independent Automated Teller Machine (ATM) deployer, has expanded into Africa through the establishment of Spark ATM Systems in Zimbabwe, in partnership with CBZ Bank Limited, Zimbabwe's largest retail bank. ... Full story
Zimbabwe Stock Market Regulator Balks at Plan to Force Bank IPOs
Zimbabwe’s stock exchange regulator said a planned law to force banks to sell their shares on the local bourse will only work once the nation has addressed issues holding back equity valuations. ... Full story
Government to compel listing of banks
Government will enact laws requiring all banks to list on the Zimbabwe Stock Exchange to help them raise capital, Finance Minister Tendai Biti has said. ... Full story
Zimbabwe's Chief Executives Fail to Pass On the Baton
ANNOUNCING the "shock" departure of then group chief executive officer Nyasha Makuvise last year, CBZ Holdings board chairman Luxon Zembe told analysts that while the group regretted his resignation, leadership was like a relay where one had to pass on the baton. ... Full story
President Mugabe owns all mineral rights - Mutambara
MINING rights in Zimbabwe are vested in the President and acquisition of a mining title does not transfer ownership of mineral claims to the investor, Deputy Prime Minister Arthur Mutambara has said. ... Full story
MDC-T to keep US dollar as currency for five years
HARARE - The Movement for Democratic Change led by Prime Minister Morgan Tsvangirai’s MDC-T party has said it would maintain the current US dollar-dominated currency regime during its first five years in power if it forms the country's next government ... Full story
