Tourism sector salary talks deadlocked

VICTORIA FALLS, January 30 (The Source) – Salary talks between tourism workers and employers have been deferred to next month after the two parties failed to reach an agreement, officials said. Negotiators met in Harare last week for talks which ended prematurely with no agreement… Read More

Zim widens multi-currency basket

HARARE, January 29 (The Source) – The Reserve Bank of Zimbabwe (RBZ) on Wednesday widened the multi-currency basket to include four more foreign currencies in what analysts see as a way of addressing the cash shortage in the economy. Currencies of China, India, Japan and… Read More

Merlin seeks $14 mln Sino Zim bailout

BULAWAYO, January 29 (The Source) – Bulawayo-based textile company, Merlin has approached the Chinese owned Sino Zim Cotton Holdings seeking $14 million in combined short and long-term funding to revive operations,  it has been learnt. Sino Zim produces yarn and lint which it exports to… Read More

RBZ moves to control interest rates

HARARE, January 28 (The Source) – The Reserve Bank of Zimbabwe (RBZ) on Tuesday announced a new interest rate structure aimed at taming the  country’s high interest rates which are hampering savings. It is estimate that around $2 billion is circulating outside the banking sector… Read More