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Zesa mulls Eskom debt clearance plan

ZESA Holdings is in the process of mobilising funding to whittle down its debt to South Africa’s Eskom after the value of power imports under a Government guarantee reached the limit of 500 million rand.The situation has presented challenges for ZESA, which has been struggling to make foreign payments due to the foreign currency situation…

Herald Zimbabwe

Equip ZimTrade to deliver export growth

Dr Gift Mugano — I have heard discussions in the policy making corridors of Zimbabwe on the need to establish an export promotion council. However ZimTrade is our export promotion agent. There is no need to set up a new organisation to do the same. I guess that there is realisation that ZimTrade is not delivering with respect to opening…

Herald Zimbabwe

Econet asked to defer EGM

Econet Wireless Zimbabwe has been asked to defer its extra-ordinary general meeting set for tomorrow until it has addressed technical issues relating to its proposed rights issue. Econet intends to raise $130 million through a rights offer and linked debentures sale in order to facilitate the servicing of its foreign debt. Under the propo…

Herald Zimbabwe

OK’s Zireva calls it a day

OK Zimbabwe Limited chief executive Mr Willard Zireva is set to step down on March 31 this year after serving the leading supermarket chain for over three decades. OK Zimbabwe finance director Mr Alex Siyavora will become the chief executive with effect from April 1 this year, said Mr Zireva in internal memo to staff announcing his depart…

Herald Zimbabwe

More reforms needed - IMF

Harare. — The International Monetary Fund (IMF) says Zimbabwe should put in place a comprehensive economic reform plan to ensure successful transformation of the economy.The economy continues to face obstacles due to internal and external factors blocking attempts at improving the socio-economic lives of ordinary Zimbabweans.IMF deputy sp…

Herald Zimbabwe

Floor prices divide mobile operators

The setting of floor prices has divided Zimbabwe’s mobile network operators with some saying it would negatively affect their products while others are saying they need it to recoup the huge operational costs they are having to fund.The floor prices, which caused public outcry at the beginning of the year were set at 12c per minute for tr…

Herald Zimbabwe

The open source alternative

In a recent conversation with an uncle of mine, he asked me to find him a license key for Microsoft Office. I replied “why do you need that when you can use a free open source alternative?” His answer was simply “It is what I know”. This response struck me as fascinating because it was not the first time I had heard that exact statement w…

Herald Zimbabwe