HWANGE Colliery Company has terminated discussions with major shareholder Mr Nicholas van Hoogstraten for a $50 million loan citing issues around management control and cost of the funding.The board i...
By Martin Kadzere | Published: 18 May 2014
Cimas Medical Aid Society has been issued with an air operator's certificate by the Civil Aviation Authority of Zimbabwe to allow it to operate air medical services.Cimas board chairman Mordecai Mahla...
By Chengetai Chinembiri | Published: 14 May 2014
Econet Wireless Global's Liquid Telecom will inject $200 million for the expansion of its fibre-optic cable network in the Sadc region.Liquid chief executive Nic Rudnick said they intend to spend the ...
By Staff reporter | Published: 14 May 2014
Old Mutual plc today announced the appointment of Ingrid Johnson as its group finance director with effect from 1 July 2014.Johnson will succeed Philip Broadley who will remain an executive director t...
By Staff reporter | Published: 14 May 2014
Gwanda-based gold producer Blanket Mine's gold output for the first quarter of the current year was down 2,2 percent due to 10 241 ounces compared to the prior period last year.Production was adverse...
By Staff reporter | Published: 14 May 2014
Delta beverages posted a profit of $104 million for the year ended March 31, 2014 up 38 percent from $75 million in the prior year.According to the group's financials released today, group revenue gre...
By Staff reporter | Published: 14 May 2014
Astra's four months to April 2014 volumes declined 5% compared to last year, Managing Director Mac Mazimbe told an AGM this afternoon, adding that their performance mirrors the economy. "Sales re...
By Staff reporter | Published: 14 May 2014
The World Bank says Zimbabwe must strengthen its financial sector to curb systemic risk and avoid bank failures.Nadia Piffaretti, the institution's local economist, last week told a Sapes Trust busine...
By Staff reporter | Published: 14 May 2014
French cement maker Lafarge has appointed Amal Tantawi as new chief executive of its Zimbabwean unit.She succeeds Jonathan Shoniwa who was elevated to executive chairman late last year, following Much...
By Business Live | Published: 14 May 2014
Cash-strapped Zimbabweans should brace for an imminent fuel hike after government gazetted new pricing regulations.Statutory Instrument 80 of 2014, crafted by the Energy ministry in consultation with ...
By Staff reporter | Published: 14 May 2014
Zimbabwe plans to have 40 airlines flying into the country by 2018, nearly trebling the current figures, Civil Aviation Authority of Zimbabwe (CAAZ) general manager David Chawota said yesterday. At th...
By Staff reporter | Published: 14 May 2014
Financial analysts have predicted that Econet Wireless Zimbabwe's mobile money transfer service EcoCash will contribute a weighty 7 percent to revenue.IH Securities predicted that EcoCash has potentia...
By Staff reporter | Published: 14 May 2014
Tobacco auction floors say price differences and the high number of contract floors in the country are threatening their existence as 70 percent of the crop is now produced under contract. Auction flo...
By Staff reporter | Published: 14 May 2014
The Chamber of Mines of Zimbabwe has proposed the establishment a think tank to advise Government on policy with a view to spur growth and investment in mining. The think tank would look into issues o...
By Staff reporter | Published: 14 May 2014
Listed property developer, Zimbabwe Property Investments Limited is waiting for regulatory approval from the Ministry of Local Government, Public Works and National Housing to start developing a resid...
By Staff reporter | Published: 14 May 2014
A total of 70 tourists from across the globe arrived in the country through Beitbridge border post yesterday in 28 vintage cars.The convoy arrived at the border post at around mid morning and were wel...
By Staff reporter | Published: 13 May 2014
Farmers and ginners are today expected to hold a final meeting to decide on the producer price of cotton for the 2014 marketing season.The negotiations between the two parties have been opened as a wa...
By Staff reporter | Published: 13 May 2014
London Stock Exchange listed commodity firm Premier African Minerals has exercised an option to acquire Toronto-listed AgriMinco's entire interest in its subsidiary Mandalore Development, which has a ...
By Staff reporter | Published: 13 May 2014
BancABC shareholders will convene early next month seeking approval to waiver a one-year restriction on the sale of employee shares that had been granted under an earlier scheme. The move will facilit...
By Staff reporter | Published: 13 May 2014
The Timber Producers Federation (TPF) is expanding by launching the Timber Producers Association (TPA) which will represent the interests of workers in the timber industry.According to a TPF official,...
By Staff reporter | Published: 13 May 2014
Zimbabwe Stock Exchange-listed cable manufacturer Cafca's revenue for the six months period ended March 31, 2014 was up 21 percent to $10 million as the company benefited from a change in strategy to ...
By Staff reporter | Published: 13 May 2014
The slowdown in economic activity, largely typified by deflation has forced banks to take a cautious approach to lending by downsizing credit to the private sector, the Bankers Association (BAZ) has s...
By Staff reporter | Published: 13 May 2014
Essar Holdings director for Africa Firdhose Coovadia said New Zim Steel targets to produce international standard quality steel products as it eyes to capture the export market.This follows indication...
By Staff reporter | Published: 13 May 2014
Trust Banking Corporation has hauled the Reserve Bank of Zimbabwe to the administrative court to contest the decision to cancel its banking licence, it has emerged. The central bank in December cancel...
By Staff reporter | Published: 13 May 2014
Investment intelligence company, Edison Independent Investment Research, has upgraded its valuation of Mwana Africa on the back of better production at units Freda Rebecca and Bindura Nickel Corporati...
By Staff reporter | Published: 13 May 2014
Court rebukes RBZ, lifts US$7m freeze 
Mugabe son paid shooting victim R400k, court told 
Trump admin launches $166B tariff refund portal 
Gold-backed ETF set for VFEX debut 
Fuel shock drives Zimbabwe inflation higher 
Court ruling exposes deep cracks in Zimbabwe's gold trade 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
