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 ...

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...

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...

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...

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...

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...

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...

FINANCIAL SERVICES

Barclay's Zim sale subject to RBZ approval

THE board of Barclays Bank Zimbabwe (BBZ) says the sale of its local unit to First Merchant Bank of Malawi is subject to statutory regulation and approval by the Reserve Bank of Zimbabwe.In June, Bar...

MINING & RETAIL

Choppies champions online shopping

CHOPPIES Zimbabwe has partnered with Variable Solutions to champion an innovative online shopping system that enables customers to order goods using the internet.The platform was developed by Kamelee...

TRANSPORT & TOURISM

ZTA partners models to promote Zim tourism

THE Zimbabwe Tourism Authority (ZTA) has partnered with models whom they believe are the best tourism ambassadors to market the country's destinations locally and internationally.Last week, the touri...

LANDS & AGRICULTURE

Zimbabwe lures cotton growers with cash

The Cotton Ginners Association of Zimbabwe (CGAZ) has welcomed the Reserve Bank of Zimbabwe's (RBZ) decision to provide $40 cash to seed cotton growers for each bale of cotton they deliver to the Cott...

INDUSTRIALS & ENERGY

Manyere re-emerges behind six-figure portfolio

George Manyere, the former Brainworks Capital chief executive, has re-emerged in the investment finance field as the controlling shareholder of Johannesburg Stock Exchange-listed Ecsponent group.Ecspo...

INDUSTRIALS & ENERGY

'Banks propel importation of finished products'

ZIMBABWEAN banks have been accused of allocating foreign currency for the importation of finished garments instead of raw materials, thereby pushing local clothing manufacturers further towards the ed...

MINING & RETAIL

Zimasco, retrenchees on collision course

Close to 40 former Zimasco (Pvt) Ltd employees in Mutorashanga face eviction from company premises after their ex-employer reneged on a pledge to sell the houses to them.The ex-employees recently accu...

INDUSTRIALS & ENERGY

Challenges facing the healthcare industry in Africa

Access to basic healthcare services and products remains a challenge throughout significant portions of the world. When many people think of a lack of healthcare and/or the consequences that follow it...

MINING & RETAIL

Chrome prices tumble

Tumbling chrome prices have left local miners clutching at hopes of attracting huge investment in the value-addition process of the commodity which requires over half a billion dollars.Small-scale chr...

INDUSTRIALS & ENERGY

Zimbabwe suspends ban on use of kaylites

The Environmental Management Agency (EMA) has given kaylites manufacturers three months reprieve to wind up their operations leaving the discretion to use kaylites to individuals.kaylites manufacture...

FINANCIAL SERVICES

Controversy dogs Barclays deal

The sale of Barclays Bank Zimbabwe (BBZ) continues to be dogged by controversy amid revelations that the deal was consummated through a share-swap and in which Barclays plc would get a stake in Maurit...

FINANCIAL SERVICES

'Men will only do menial jobs at Women's Bank'

Females will occupy all high-paying jobs at the mooted Women's Bank, a Cabinet minister has said, adding men will be doing menial jobs at the financial institution.Women Affairs minister Nyasha Chikwi...

TRANSPORT & TOURISM

Zimbabwe airports underused

THE Zimbabwe National Tourism Master Plan (ZNTMP) has found that the three major airports in the country, in Harare, Bulawayo and Victoria Falls are underexploited by nearly 75% despite millions of do...

TELECOMS & TECHNOLOGY

Econet upgrading its 2G sites to 3G

ECONET Wireless Zimbabwe will upgrade its existing 2G sites countrywide to 3G by the end of the year, as part of a huge data network advancement the company is carrying out.In a statement last week, E...

Zimbabwe retailers in trouble

Zimbabwe's retailers are facing a new threat as some companies in the fast-moving consumer goods (FMCG) sector are pushing their products on the streets, bypassing supermarkets and wholesalers in sear...

FINANCIAL SERVICES

Allied Bank pension fund liquidation approved

The Insurance and Pensions Commission (Ipec) has approved the liquidation of Allied Banking Group Pension Fund, after it found it practicable to bring the fund into sound financial position.The liquid...

BUSINESS NEWS

Bulawayo rejects FBC housing proposal

THE Bulawayo City Council has rejected a bid by FBC Building Society, which sought a joint partnership in developing 517 high density residential stands in Luveve suburb.Following an engagement over t...

FINANCIAL SERVICES

Women's Bank to open by September

WOMEN Affairs, Gender and Community Development Minister Nyasha Chikwinya has said the much awaited Women's Bank will open for business by September this year.Mooted some years ago, the bank has taken...