CZI wants more Rands in circulation

CZI wants more Rands in circulation

By Michael Gwarisa CONFEDERATION of Zimbabwe Industries (CZI) President Busisa Moyo says industry has never called for the adoption of the Rand but rather pressed for more solutions to cushion industry from the prevailing cash crisis. Moyo’s sentiments come hot on the heels of President Robert Mugabe’s proclamation that Zimbabwe would never join the rand union as was being pushed by other sections of the economy. In an interview with The Business Connect, Moyo said there was a misunderstanding over industry’s position regards rand adoption. “I think sometimes we misunderstand…

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Telecel here to stay: Vere …as govt plans 100% takeover

Telecel here to stay: Vere …as govt plans 100% takeover

By Daniel Chigundu MOBILE telecommunication services provider Telecel Zimbabwe says it is here to stay and is 100 percent behind its various stakeholders. Telecel which was recently acquired by government through National Social Security Authority (NSSA) is a strong contender in the country’s mobile market provides a variety of top-drawer services. Addressing guests the company’s executive cocktail recently, Telecel Zimbabwe chief executive Angeline Vere said they were using the event to boldly announce to the world that they are staying put and will continue to offer brands that give value….

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Vendors’ contribution is insignificant: Manyenyeni

Vendors’ contribution is insignificant: Manyenyeni

By Daniel Chigundu HARARE Mayor Councillor Bernard Manyenyeni says despite flooding the pavements in the central business district (CBD), vendors contribution to the city council coffers is too little to talk about. In Harare alone, it is widely believed that there are more than 5 000 vendors selling various wares that range from second-hand clothes, shoes, books and vegetables among other things. However these vendors have been facing many challenges such as having their wares confiscated by municipal police and late last year they had to approach the courts to…

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I can remove ZCTU president: Mupfumira

I can remove ZCTU president: Mupfumira

By Daniel Chigundu PUBLIC Service, Labour and Social Services Minister Prisca Mupfumira say she is empowered by government policy to remove ZCTU president Peter Mutasa from the National Social Security Authority (NSSA) board, contrary to what the labour board is saying. According to ZCTU, the minister’s decision is unconstitutional and violates the principles of freedom of association and has even threatened to petition High Court and to file a complaint to the International Labour Organisation against the government of Zimbabwe. However, speaking in Parliament recently, Mupfumira said there are requirements…

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NSSA to increase pensions

NSSA to increase pensions

By Daniel Chigundu THE National Social Security Authority (NSSA) is reportedly working on increasing its pension payout to pensioners, a Cabinet Minister has revealed. NSSA has come under fire from pensioners for some time who complain that the authority is busy investing in unprofitable ventures while paying them peanuts. NSSA is a statutory body established in 1989 with a mandate to administer social security public funds on behalf of about 1.3 million contributors. The authority administers two schemes: Pension and Other Benefits Scheme and Accident Prevention and Workers’ Compensation Scheme….

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