Minister "made mistake" says Mugabe

Zimbabwe President Robert Mugabe said his minister in charge of indigenisation, Saviour Kasukuwere, had made a "mistake" in striking an R8.3bn empowerment deal with Impala Platinum and he questioned whether the company should be paid for transferring a 51% stake to local owners. 5 Mar 2013 11:10

Zimbabwe to seize land from mining company

The Zimbabwean government will seize nearly 28ha of land leased by platinum miner Zimplats, in a fresh drive to re-allocate assets to local business, the mining minister, Obert Mpofu, said on Tuesday (12 February). 13 Feb 2013 11:20

Zimbabwe demands lower interest rates

[Tawanda Karombo] Three foreign-owned banks are facing increased pressure from authorities to comply with the empowerment policy and are among the top Zimbabwean banks that are adequately capitalised. 4 Feb 2013 09:39

Rainbow Chicken tickles investors' taste buds

A new-look Rainbow Chicken is taking shape amid enthusiasm from investors who have boosted its share price by a third since November. Driving the change is Rainbow's R1bn acquisition of Foodcorp and a R3,9bn rights issue, setting the scene for more positive developments. 4 Feb 2013 08:12

Africa's remittance costs too high says World Bank

Bringing remittance prices down to 5% from the current 12.4% average cost would put US$4bn more in the pockets of Africa's migrants and their families who rely on remittances for survival‚ the World Bank said on Monday (28 January). 29 Jan 2013 15:18

Aircraft parts for Zimbabwe justified - SANDF

The SA National Defence Force (SANDF) has defended the disposal of military helicopter airframes and spares to Zimbabwe amid threats of legal action to stop the move. 28 Jan 2013 11:12

Safari ranches a target for Zimbabwe land grabs

HARARE, ZIMBABWE: Germany warned that takeovers of foreign-owned safari ranches by Zimbabwean politicians could jeopardise the country's co-hosting of this year's United Nations tourism conference. 10 Jan 2013 11:46

Nestle remains a target in Zimbabwe

[Tawanda Karombo] International refined foods manufacturer Nestle invested US$12m into its Zimbabwean operations in 2012 despite the uncertainty surrounding its future in Zimbabwe as the government has not yet decided upon its indigenisation compliance plans. However‚ the Swiss company has reiterated its commitment to its operations in the country. 4 Jan 2013 08:59

SA mining companies forced to fund indigenisation

[Tawanda Karombo] HARARE, ZIMBABWE: Zimbabwe has ratcheted up the pressure on SA platinum mining companies to finance empowerment proposals as the government is too cash-strapped to provide funding for this. The mines have insisted that the new shareholders be forced to abide by their obligations to fund operations where necessary. 19 Dec 2012 09:43

Mugabe now wants 100% of everything

GWERU, ZIMBABWE: Zimbabwe President Robert Mugabe on Friday (7 December) vowed to overhaul business laws to require 100% black ownership of firms, up from 51%. 10 Dec 2012 09:29

Kasunda elected as MISA regional chair

[Gregory Gondwe: @Kalipochi] Anthony Kasunda, the chairperson of the Malawi chapter of the Media Institute of Southern Africa (MISA-Malawi) has been elected chairperson of the MISA Regional Governing Council (RGC) at the 2012 Annual General Meeting (AGM) held on 29 July 2012, at the Indaba Hotel and Conference Centre in Fourways, Johannesburg, South Africa. 31 Jul 2012 11:38

SAPS: South Africa's most corrupt State department

The South African Police is seen as the most corrupt government department with most people being prepared to - or having already - paid bribes to them according to research by Transparency International published in Business Live. 23 Nov 2011 12:40

Global experts convene in SA to discuss intellectual property, innovation

South Africa and other developing countries are in hot debate about how best to grow their economies through innovation and the development of intellectual property. 7 Sep 2011 11:17