Currently Browsing: Economy

Chinamasa borrows $1.4 million for cars

By Nomalanga Moyo SW Radio Africa 28 July 2014 The Finance Ministry has reportedly secured a $1.4 million loan from a local bank for luxury vehicles for its personnel. The loan came from the African Banking Corporation of Zimbabwe, which expects the ministry to repay it within 12 months, the Zimbabwe...

Chinamasa regrets adopting the US dollar

By Nomalanga Moyo SW Radio Africa 22 July 2014 Under-pressure ZANU PF Finance Minister Patrick Chinamasa has said the adoption of the US dollar in 2009 was a mistake. Speaking to legislators in Harare on Monday, the minister said the decision to abandon the worthless Zimdollar in favour of the US$, SA Rand...

More workers to lose jobs in Bulawayo

By Tichaona Sibanda SW Radio Africa 22 July 2014 More workers are facing retrenchment in Bulawayo as the fast foods group Innscor Africa has informed its employees it will lay off staff from its warehouse, distribution and administration sections. The announcement was made to the workers last week in a...

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