INDUSTRIALS & ENERGY

Door open for ethanol licences

THE Zimbabwe Energy Regulatory Authority (Zera) has said players who have the capacity to do mandatory blending should apply for licences, as the regulations were open for more players.Zera chief exec...

By Staff reporter | Published: 29 August 2017

INDUSTRIALS & ENERGY

Merlin ready to resume operations

DEFUNCT textile firm Merlin Limited has expressed readiness to resume operations on a joint venture basis and hopes to exit judicial management within 12 months of operations.The Bulawayo-based entity...

By Staff reporter | Published: 29 August 2017

TELECOMS & TECHNOLOGY

Institutional racism allegations hits DiData

Ex-Dimension Data chairman Andile Ngcaba is taking his former paymaster to the Commission for Conciliation, Mediation and Arbitration over alleged "discrimination and unfair remuneration practices".A...

By Staff reporter | Published: 28 August 2017

TRANSPORT & TOURISM

Rail is key to driving trade

Railway infrastructure development is an important building block to improving trade across the Southern Africa Hinterland Territories, which comprises three landlocked countries; Malawi, Zimbabwe and...

By Agencies | Published: 28 August 2017

FINANCIAL SERVICES

Zim pensions industry income reaches $100m

The pensions industry recorded total income of $112 million in the first quarter ended March this year attributable to contributions, rental and investment income, the sector regulator has said.The In...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

Zimplats records impressive productive capacity

Zimbabwe's largest platinum miner, Zimplats has recorded impressive strides on its productive capacity at a record 6.4 million tonnes per annum as the firm focuses on volumes to hedge against subdued...

By Staff reporter | Published: 28 August 2017

INDUSTRIALS & ENERGY

NSSA ups stake in StarAfrica

Statutory pension fund, National Social Security Authority (Nssa), is set to increase its shareholding in Starafricacorporation (Starafrica).This was after the sugar producer said it wants to offer Ns...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

FBCH diversification pays dividends

Financial services group, FBC Holdings (FBCH), said it is now reaping rewards from its investments in various sectors of the economy.The group's chairperson, Herbert Nkala, said FBCH's six business un...

By Staff reporter | Published: 28 August 2017

INDUSTRIALS & ENERGY

Sakunda changes name to Trafigura

Sakunda Private Limited - a fully-integrated energy supplier that has grown to be the biggest fuel trader with stocks in excess of 200 million litres - is changing its name to Trafigura Zimbabwe.The T...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

Ecobank after tax profit up three-fold

ECOBANK Zimbabwe on Thursday said its after tax profit increased more than three-fold to $11.4 million in the half year to June, from $3.4 million in the comparable period last year, driven by an incr...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

Zim platinum miners plunged into crisis

Zimbabwean platinum miners - among them units of Impala Platinum, Sibanye Gold and Anglo Platinum - have been plunged into deeper procurement and financial hurdles after the government directed that 8...

By Staff reporter | Published: 28 August 2017

INDUSTRIALS & ENERGY

Pump and Steel in expansion drive

BULAWAYO-headquartered Pump and Steel Supplies Company has spread its wings to Harare where it has opened a new branch as part of its expansion drive.The firm's human resources manager, Mr Ernest Jack...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

PPC spends $2.5m on environmental compliance

GIANT cement maker PPC Zimbabwe says it has spent $2.5 million to curb high stack emissions in the last two years at its Colleen Bawn plant in line with the environmental compliance regulations.The pl...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

PPC threatens to shut Collen Bawn plant

The country's largest cement producer, PPC Zimbabwe has hinted on a possibility to shut down its Collen Bawn plant in Gwanda citing pressure from cheap imported clinker by other producers and smuggled...

By Staff reporter | Published: 28 August 2017

LANDS & AGRICULTURE

Dairy industry struggling, says Stanger

Manicaland's dairy industry is operating below capacity due to high and unsustainable production costs.Zimbabwe has for more than a decade failed to produce enough milk and has resorted to importing f...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

Nicoz Diamond PAT down in 1H

NICOZ DIAMOND Insurance Limited saw its profit after tax declining by 0,5% to $1,2 million in the six months ended June 30, 2017 after the group incurred retrenchment costs at its unit in Malawi.In th...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

Stanbic revamps home loans facilities

Stanbic Bank Zimbabwe has revamped its home loans offering in a bid to encompass both existing and prospective home owners.In an interview, the bank's acting head of personal and business banking Pats...

By Staff reporter | Published: 28 August 2017

TRANSPORT & TOURISM

NRZ relishes recapitalisation move

The National Railways of Zimbabwe (NRZ) is positioning itself to reclaim its market share following its milestone partnership with a private firm that will see a US$400 million recapitalisation. 2017...

By Staff reporter | Published: 28 August 2017

TRANSPORT & TOURISM

Hospitality sector tops customer satisfaction index

The hospitality industry is leading in terms of satisfying customers after scoring top marks in a recent survey conducted by the Chartered Institute of Customer Management.     Ou...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

ZCDC to mine conglomerate diamonds next year

The Zimbabwe Consolidated Diamond Company (ZCDC) is targeting to generate more revenue from mining conglomerate diamonds with the initiative expected to be fully operational by next year.Since its es...

By Staff reporter | Published: 28 August 2017

TRANSPORT & TOURISM

Sacked AirZim workers reject retrenchment deal

Sacked Air Zimbabwe (AirZim) workers have rejected the parastatal's retrenchment package, saying it had been imposed on them in violation of the Labour Act.The Daily News on Sunday can exclusively re...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

Barclays deal irks Mugabe's nephew

INDIGENISATION minister Patrick Zhuwao is demanding a review of the sale of Barclays Bank of Zimbabwe to a Malawian financial institution, saying the deal might have violated Zimbabwe's laws, it has ...

By Staff reporter | Published: 28 August 2017

LANDS & AGRICULTURE

Zimbabwe farmers cry out for $1 billion pie

Farmers' organisations say the over $1 billion that is injected annually into agriculture by banks is not serving its purpose as their members continue to struggle to access funding due to stringent r...

By Staff reporter | Published: 28 August 2017

LANDS & AGRICULTURE

Poultry feeds dominate stockfeed industry

THE manufacturing of poultry feeds continued to dominate the stockfeed industry during the second quarter of 2017 with a monthly average of 22,473 metric tonnes worth $15,5 million, an industry offic...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

NBS targets 10 000 housing units by year-end

THE National Building Society (NBS) is targeting to fund the construction of 10 000 high to medium density housing units by the end of this year after partnering with private property developers to ad...

By Staff reporter | Published: 28 August 2017

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