MINING & RETAIL

Shabanie and Mashaba Mine has started recruiting

SHABANIE and Mashaba Mine (SMM) has started recruiting and its target is to employ 800 people by the end of the year.The asbestos mining company which was closed in 2004, used to employ 4 500 workers....

By Staff reporter | Published: 31 January 2018

MINING & RETAIL

Hwange miners' wives protest over unpaid salaries

HUNDREDS of spouses of Hwange Colliery Company Limited (HCCL) employees have been staging a sit-in at the coal mining company premises since Monday demanding payment of their husbands' outstanding sal...

By Staff reporter | Published: 31 January 2018

TELECOMS & TECHNOLOGY

Zim accedes to new air transport protocol

Zimbabwe has acceded to the newly launched Single African Air Transport Market (SAATM), a project that is meant to relax rules and regulations to create a free market environment for eligible commerci...

By Staff reporter | Published: 31 January 2018

LANDS & AGRICULTURE

Beef prices drop

For beef lovers, the time of suffering and paying through the nose for steaks, braai packs and roasts could soon be coming to an end.Beef prices, which have been increasing for months, recently hittin...

By Staff reporter | Published: 31 January 2018

MINING & RETAIL

Zimasco to exit reconstruction

The Zimbabwe Mining and Smelting Company's judicial manager has applied to the High Court to have the Kwekwe-based ferrochrome producer removed from judicial management. The company was placed under ...

By Staff reporter | Published: 31 January 2018

TELECOMS & TECHNOLOGY

Econet Wireless ventures into car insurance

LEADING telecommunications company, Econet Wireless Zimbabwe has ventured into car insurance business to provide road traffic accident cover and comprehensive cover for vehicles.The firm said its insu...

By Staff reporter | Published: 30 January 2018

CONSTRUCTION & PROPERTY

Poor infrastructure hinders Zimbabwe growth

POOR infrastructure continues to be a serious impediment to inclusive growth in African economies, the African Development Bank (AfDB) has said.AfDB said this in its 2018 edition of the African Econom...

By Staff reporter | Published: 30 January 2018

MINING & RETAIL

Govt seeks diamond sector investors

THE Zimbabwe Consolidated Diamond Company is working on a structure to lure private investors back into the diamond mining industry after Government ordered companies that have been operating in Maran...

By Staff reporter | Published: 30 January 2018

INDUSTRIALS & ENERGY

David Whitehead resumes operations

TEXTILE Company, David Whitehead Limited (DWTL), has resumed operations at its Chegutu factory after receiving a $2 million bailout from the Reserve Bank of Zimbabwe.The company had ceased operations ...

By Staff reporter | Published: 30 January 2018

FINANCIAL SERVICES

Banks scrap tax on transactions below $10

GOVERNMENT has, with immediate effect, directed banks not to levy 5 percent tax on all transactions below $10 as a way of promoting financial inclusion. This comes as Government moves to provide safet...

By Staff reporter | Published: 30 January 2018

INDUSTRIALS & ENERGY

IDC hunts for partners for Chemplex

The Industrial Development Corporation of Zimbabwe is looking for partners for its subsidiary, Chemplex Corporation Limited, which is into manufacturing and mining.In an invitation for an expression o...

By Staff reporter | Published: 30 January 2018

FINANCIAL SERVICES

Untu lists on Finsec

UNTU Capital, yesterday listed its medium term note on the Financial Securities Exchange (Finsec) after announcing a 72 percent over-subscription of its initial public offer.This becomes the third fix...

By Staff reporter | Published: 30 January 2018

CONSTRUCTION & PROPERTY

Govt urged to review construction laws

The country's laws governing the construction industry - last reviewed over three decades ago - are becoming an impediment to investment in the property industry, experts have said.This is despite sev...

By Staff reporter | Published: 30 January 2018

TELECOMS & TECHNOLOGY

Econet to exit Zimbabwe?

Economic think tank, Business Monitor International (BMI), has not ruled out that Econet Wireless Zimbabwe might decide to exit the market, especially as recent decisions by the regulator impact its p...

By Ngoni Shenjere | Published: 29 January 2018

TRANSPORT & TOURISM

Munyeza's elite Mugg&Bean shuts branch

Zimbabwe's Mugg and Bean (M&B) franchise owner Shingi Munyeza, has shut down one of the exclusive restaurant's joints - Avondale branch - following non-renewal of its lease.Munyeza - who also hold...

By Staff reporter | Published: 29 January 2018

TELECOMS & TECHNOLOGY

China funds TelOne HPC

China says it is committed to improving its relations with Zimbabwe by providing state of the art information and communication technology (ICT) equipment.Chinese Ambassador to Zimbabwe, Mr Huang Ping...

By Staff reporter | Published: 29 January 2018

TELECOMS & TECHNOLOGY

Econet ordered to refund client, $128,000

HARARE High Court judge Justice Davison Moses Foroma has ordered Econet Wireless (Pvt) Ltd to reimburse $128 000 erroneously billed on its agent and customer, Antolice Enterprises (Pvt) Ltd's recharge...

By Staff reporter | Published: 29 January 2018

INDUSTRIALS & ENERGY

Allied Timbers eyes $30m loan deal

Allied Timbers Zimbabwe is close to sealing a vendor finance transaction with Belarus that will see the country's largest timber company receiving equipment worth $30 million. The deal, likely to be c...

By Staff reporter | Published: 29 January 2018

MINING & RETAIL

Govt gazettes Zisco Debt Assumption Bill

Government has gazetted the Zimbabwe Iron and Steel Company (Debt Assumption) Bill, H.B 2, 2018 to take over about to $500 million owed to both domestic and external debtors. The Bill was published by...

By Staff reporter | Published: 29 January 2018

TRANSPORT & TOURISM

NRZ seeks mandate to transport heavy metals

The National Railways of Zimbabwe (NRZ), through the Transport and Infrastructural Development Ministry, is lobbying Cabinet to promulgate a Statutory Instrument that would ring-fence heavy metals and...

By Staff reporter | Published: 29 January 2018

INDUSTRIALS & ENERGY

Nestle to cut 400 more jobs

Nestle SA plans to cut as many as 400 jobs in France as the Swiss maker of Perrier water and Herta launch meats cuts costs. The Swiss food company announced the plan in a meeting with labour leaders, ...

By Staff reporter | Published: 29 January 2018

INDUSTRIALS & ENERGY

Zesa to install 30 000 prepaid meters

National power utility, Zesa Holdings (Zesa), says it plans to install 30 000 prepaid meters in the coming three months under the 100 days Rapid Results Initiative. Energy minister Simon Khaya Moyo sa...

By Staff reporter | Published: 29 January 2018

TELECOMS & TECHNOLOGY

Zim telecoms quality, services improve

Zimbabwe's telecommunications quality and services has improved in the last few years due to infrastructure and network upgrades, the sector's regulator he said. Postal and Telecommunication Regulator...

By Staff reporter | Published: 29 January 2018

MINING & RETAIL

Interview - Zim's Minister of Mines & Development

1. What major minerals apart from platinum and diamonds are found in Zimbabwe that would be of interest to foreign investors?There are several minerals in Zimbabwe apart from platinum and diamonds tha...

By Mining Indaba | Published: 26 January 2018

INDUSTRIALS & ENERGY

Delta snaps up stake in Natbrew

DELTA Corporation says it has completed the acquisition of a controlling stake in Lusaka Stock Exchange-listed beer company, National Breweries PLC (Natbrew). Ronny Palale, a chartered accountant with...

By Staff reporter | Published: 26 January 2018

Latest News

Latest Published Reports

Latest jobs