Business Archives - Maravi Express - Your Kind of News. Clear and accurate.

South African Airways puts Airbus A340 fleet up for sale

January 16, 2020

By Joanna Bailey, simpleflying.com Cash strapped South African Airways has launched a new fundraising initiative and in a bold move, the airline is looking to sell off a number of its A340 aircraft as well as spare engines and auxiliary power units (APUs) for those planes. What’s happened?: South African Airways has been in some financial difficulties for some time. Now, it seems the airline is looking for creative ways to dig itself out of its debt laden pit,…

MRA urges employers to register domestic workers by Feb. 17

January 10, 2020

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By Duncan Mlanjira Malawi Revenue Authority (MRA) is urging employers who are paying domestic workers in excess of K45,000 register them at MRA as required by the Taxation Act by February 17, 2020. According to reports, once they register their employees, all employers whether corporates and entrepreneurs will be given a Taxpayer Identification Number (TPIN). This is the number that creates an account with MRA into which all remittances are reflected and that all correspondents with MRA is done…

FDH Money Bureau splashes out K3m to 30 customers in ‘Kupakula Makwacha’ promotion

January 9, 2020

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By Duncan Mlanjira FDH Money Bureau has described as a success the ‘Kupakula Makwacha’ promotion in which it has spent K3m to 30 customers since the promotion was launched on November 25 last year. The final draw was held at FDH Money Bureau Head Office in Blantyre and in a statement Marketing Manager Ronald Chimchere is quoted as saying they received an overwhelming positive response from their customers. The promotion targeted FDH Money Bureau customers, who send…

Rab Processors dispels negative reports of harsh treatment of staff

January 8, 2020

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By Duncan Mlanjira A staff member at Rab Processors, Vincent Chiphwanya, was found dead in the early hours of Wednesday morning having committed suicide through hanging and immediately the news went viral on social media, accusing the company of harsh treatment to its staff. But Rab Processors management, while being first at pains not to divulge more information in respect of the soul of deceased, said it is unfortunate that the issue is being brought out of proportion…

National Bank clarifies on public’s confusion on fees that are being effected

January 6, 2020

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By Duncan Mlanjira National Bank of Malawi (NBM) has explained to its customers that the fees it is effecting are for the services which the bank offers as per its Tariff schedule which it publishes in major newspapers, service centers and its social media channels. In a public notice NBM released on Monday, it says application of the fees are done in January and July of each year, in line with Reserve Bank of Malawi requirements. NBM was…

Tourism and Hotels Board close down Sana Food Court in Lilongwe

January 6, 2020

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By Duncan Mlanjira Tourism and Hotels Board of the Ministry of Industry, Trade & Tourism has closed down Sana Food Court in Lilongwe for failure to comply with minimum standards in accordance with the Tourism and Hotels Act, CAP 50:01 of the laws of Malawi. The food store, which is part of Sana Supermarket, is situated close to Kamuzu Central Hospital Roundabout and the premises shall remain closed until the Tourism and Hotels Board re-opens it. In an…

Phase 1 of ICAM House completed

January 6, 2020

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By Duncan Mlanjira Malawi Institute of Chartered Accountants (ICAM) has now occupied part of the ICAM House it has constructed along Masauko Chipembere Highway at Ginnery Corner in Blantyre opposite Universal Industries. According to ICAM Chief Executive Officer Francis Chinjoka, this is Phase 1 of the project is completed and will be commissioned by the Minister of Finance, Economic Planning and Development. “Construction started in January 2018 and the Phase 1 will be used by the Secretariat while Phase…

Concerned Chitipa citizens petitions MRA to facilitate for upgrade of access road to Mbilima Border Post

January 6, 2020

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By Duncan Mlanjira Concerned Chitipa citizens have petitioned Malawi Revenue Authority (MRA) that it should facilitate for the upgrade of the access to to Mbilima Border Post which is in bad shape. However, the concerned citizens have given MRA 7 days from January 2, 2020 to respond to the request failing which the government tax collecting body should remove its officers from Mbilima Border Post or expect unpleasant unspecified action. The petition to Chitipa MRA officer in charge…

People urged to boycott buying from city vendors to discourage them from making street pavements untidy

January 4, 2020

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By Duncan Mlanjira The majority of city dwellers have been asking Blantyre City Council to remove street vendors plying their trade in undesignated areas, who are contributing to making the cities look untidy and ugly. However, some are urging each other that the best solution is to stop buying from the street vendors so that they get discouraged and relocate to proper markets. The mostly food vendors take advantage of people who find it inconvenient to go to…

Pros and cons on Airtel’s Malawi’s IPO to list on Malawi Stock Exchange

January 3, 2020

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By Duncan Mlanjira As soon as Airtel Malawi released the Initial Public Offer (IPO) intending to list on the main board of the Malawi Stock Exchange (MSE), several professionals in the financial services industry, mostly in their personal capacities, wrote their opinions on the pros and cons of this latest development that is inviting the public to be shareholders. Initial observers, however, first sent red flags trying to dissuade the public from rushing to buy the shares, which…