MINING & RETAIL

Zim small scall miners to surpass 12t gold target

SMALL-scale miners have said they will surpass the 12 tonne gold production target set for this year on the back of increased support from the Government.The mining sector is on a rebound as shown by ...

By Staff reporter | Published: 20 July 2017

LANDS & AGRICULTURE

Milk production to double by 2022

The Zimbabwe Association of Diary Farmers (ZADF) anticipates to double milk production by 2022.This came out at the 4th annual general meeting currently underway in Nyanga.ZADF national chairman Mr Em...

By Staff reporter | Published: 19 July 2017

TRANSPORT & TOURISM

Parly asks Govt to assume NRZ debt

GOVERNMENT must assume the $90 million debt owed to National Railways of Zimbabwe (NRZ) employees by end of September this year, a parliamentary portfolio committee has said.The Parliamentary Portfoli...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Mine Entra kicks-off

Zimbabwe's premier mining exhibition, Mine Entra, has begun in Bulawayo, with a number of issues affecting the industry coming under the spotlight.The mining exhibition began with a Women in Mining Br...

By Staff reporter | Published: 19 July 2017

LANDS & AGRICULTURE

Zimbabwe bans maize imports

The government has with immediate effect banned all maize imports and the issuance or renewal of import licences for maize has also been stopped forthwith.After reviewing the state of maize deliveries...

By Staff reporter | Published: 19 July 2017

TRANSPORT & TOURISM

New Zimbabwe tourism attractions on cards

Zimbabwe is set to develop new and unexplored tourism attractions to enhance its chances of making the sector a $5 billion economy by 2020.The initiative is part of the National Tourism Master Plancra...

By Staff reporter | Published: 19 July 2017

TELECOMS & TECHNOLOGY

NetOne eyes new investment initiatives

ZIMBABWE'S second largest mobile network operator by subscriber numbers, NetOne, is set to embark on new investment initiatives running into hundreds of millions of dollars upon completion of its $219...

By Staff reporter | Published: 19 July 2017

Tito Mboweni resigns from PPC Board

South African cement producer Portland Pretoria Cement (PPC), which is the parent company of PPC Zimbabwe, has advised its shareholders that Mr Tito Mboweni, an independent non-executive director, and...

By Ngoni Shenjere | Published: 19 July 2017

INDUSTRIALS & ENERGY

Zimbabwe shoe company eyes Sadc market

Bulawayo shoe manufacturing company, Millennium Footwear, is exploring export opportunities in the Southern African Development Community (Sadc) region following the collapse of the local consumer bas...

By Staff reporter | Published: 19 July 2017

FINANCIAL SERVICES

RTGS transactions in sharp deadline

The value of Real Time Gross Settlement transactions through the NPS declined 21 percent from $1.3 billion in the week ending June 7 2017, data from the central bank shows. In its weekly report for th...

By Staff reporter | Published: 19 July 2017

LANDS & AGRICULTURE

AMA to float $80 million bills for maize purchase

THE Agricultural Marketing Authority (AMA) plans to float $80 million worth of bills to finance the buying of local maize for the 2017 season.During the same period last year, AMA floated an additiona...

By Staff reporter | Published: 19 July 2017

MINING & RETAIL

Mining firms urged to finance share trusts

A parliamentary committee has recommended the amendment of Zimbabwe's indigenisation law to insert a requirement that compels mining firms to contribute at least 25 percent of pledges to community sha...

By Staff reporter | Published: 19 July 2017

LANDS & AGRICULTURE

Govt reduces soya bean imports

GOVERNMENT has put in place measures to control soya bean imports to create a market for local producers of the raw material widely used in the production of edible oils.The move, which took effect la...

By Staff reporter | Published: 19 July 2017

MINING & RETAIL

Zim's reputation on global chrome market at risk

There are fears that Zimbabwe's reputation on the global chrome market could be at risk amid revelations that some miners failed to deliver about 100 000 tonnes of the mineral pre-financed by external...

By Staff reporter | Published: 19 July 2017

FINANCIAL SERVICES

AfrAsia challenges court's decision on RioZim

AfrAsia Bank has filed an appeal at the Supreme Court challenging the High Court's decision to nullify the deed of settlement signed between the bank and mining company RioZim.This comes as the bank l...

By Staff reporter | Published: 19 July 2017

FINANCIAL SERVICES

Econet in court over Ecosure premiums

Zimbabwe Development Party (ZDP) president, Kisinoti Munodei Mukwazhi has dragged global telecommunication giant Econet Wireless to the High Court seeking $500 000 in damages for loss of business due...

By Staff reporter | Published: 18 July 2017

FINANCIAL SERVICES

Cash flood Zimbabwe streets

The public has raised concern over poor monitoring mechanisms by monetary authorities as cash is flooding streets instead of it being in financial institutions.Illegal cash dealers are experiencing a ...

By Staff reporter | Published: 18 July 2017

LANDS & AGRICULTURE

RBZ unveils $50m export facility

Local financial institutions have been implored to assist indigenous tobacco players to access the $50 million export facility set aside by the Reserve Bank of Zimbabwe to boost production of forex ge...

By Staff reporter | Published: 18 July 2017

TELECOMS & TECHNOLOGY

EOH share price plummet on corruption allegations

Technology group EOH's share price plummeted more than 12% at one point on the Johannesburg Stock Exchange on Tuesday as investors took fright at the resurfacing of corruption allegations involving a ...

By Staff reporter | Published: 18 July 2017

MINING & RETAIL

AECI expects 30% rise in earnings

South Africa's explosives and specialty chemicals group AECI advised its shareholders that it expects to report a 30% to 35% increase in its headline earnings per share (HEPS) for the six months ended...

By Staff reporter | Published: 18 July 2017

TELECOMS & TECHNOLOGY

Vodacom minorities vote in favour of Safaricom transaction

The proposed acquisition by Vodacom Group of an effective 35% stake in Safaricom, Kenya's leading integrated communications company, cleared an important hurdle today when Vodacom minority shareholder...

By Agencies | Published: 18 July 2017

MINING & RETAIL

Amplats to report R2.2 billion impairments

South Africa's Anglo American Platinum (Amplats) on Tuesday advised its shareholders to expect a sharp fall in earnings of between 67% and 45% for the six months to June 30.  Amplats will release...

By Staff reporter | Published: 18 July 2017

LANDS & AGRICULTURE

Fires burn 120 tonnes of maize

An estimated 120 tonnes of maize has reportedly been burnt at Burnbank Farm near Mubaira.The incident was a result of a veld fire, according to farm owner Alderman Audrey Hativagone.She told reporters...

By Staff reporter | Published: 18 July 2017

FINANCIAL SERVICES

Govt increases online payment limits

Zimbabwe has increased the limit of the amount of money consumers can use in online payment platforms amid an explosion of online and mobile payment transactions."In line with the goal to encourage th...

By Staff reporter | Published: 18 July 2017

MINING & RETAIL

Retail shop in soup for not banking cash

TOP managers at DCK Supermarket's Gweru branch appeared in court yesterday charged with failing to bank their daily cash receipts in contravention of the Reserve Bank of Zimbabwe's (RBZ) Bank Use Prom...

By Staff reporter | Published: 18 July 2017

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