The Deposit Protection Corporation has so far paid 220 Trust Bank Limited (Trust) depositors following closure of the financial institution last December.However, the compensated account holders repre...
By Staff reporter | Published: 28 March 2014
PEARL Properties intends to spend as much as $100 million on the development of land it recently bought in Mt Pleasant in the medium term, a company official said yesterday.The company paid $9,6 milli...
By Business Reporter | Published: 28 March 2014
NMBZ Holdings says it has put in place measures to manage non-performing loans which affected its bank's performance, resulting in a record a loss of $3,3 million for the year to December 31, 2013.Gro...
By Conrad Mwanawashe | Published: 28 March 2014
Astra Industries, the country's leading paint manufacturer recorded a marginal 11 percent increase in profit for the year ended December 31, 2013 due to the company's cost containment strategies.Profi...
By Business Reporter | Published: 28 March 2014
Bindura Nickel Corporation could turn its smelter and refinery into precious metals refinery with a few modifications and refurbishment, managing director Mr Batirai Manhando said.Mr Manhando said the...
By Golden Sibanda | Published: 28 March 2014
Standard Chartered bank Zimbabwe recorded a 47 percent decline in their profit before tax for the year end 31 December 2013 which as at $13,2 million a drop from 2012 same period's profit of $23,5mill...
By Staff reporter | Published: 27 March 2014
Rader Holdings Limited recorded a 30 percent rise in the profit for the year end December 31, 2013 from the previous period profit of $229 000 to the period under review profit which stands at $299 00...
By Staff reporter | Published: 27 March 2014
Zimbabwe could become the world's first country to have vehicles that run entirely on ethanol, parliamentarians heard today.Green Fuel general manager Graeme Smith told the parliamentary portfolio com...
By Staff reporter | Published: 27 March 2014
African Banking Corporation will be focusing on raising capital for its various subsidiaries and improve loan book management, group CE Doug Munatsi told an analyst briefing yesterday."We are actively...
By Staff reporter | Published: 27 March 2014
Masimba Holdings is determined to see a profitable construction and growth at Proplastics after recording a 9% drop in sales volumes ,group CEO Canada Malunga told an analyst briefing yesterday."We ar...
By Staff reporter | Published: 27 March 2014
VUMBACHIKWE Gold mine in Gwanda has been forced to cease operations amid revelations the mine failed to comply with an order from the Environmental Management Agency (EMA) to protect the environment S...
By Staff reporter | Published: 27 March 2014
CHOPPIES Enterprises Limited has taken over Solomons Supermarket in Bulawayo as it continues to expand its supermarket chain, in a deal expected to create more jobs particularly for the city's unemplo...
By Staff reporter | Published: 27 March 2014
ZIMBABWE is courting China Power Investment Corporation to invest in the $2,2 billion Sengwa Thermal Power Station in Gokwe, Finance Minister Patrick Chinamasa has said."We have held meetings with CPI...
By Business Reporter | Published: 27 March 2014
Listed construction firm Masimba Holdings Ltd is strengthening its presence in the region and aiming to double its exports this year.Masimba chief executive officer Canada Malunga told analysts this a...
By Staff reporter | Published: 26 March 2014
Zimbabweans do not understand how banking systems work hence they usually get a raw deal from bankers who take advantage of their ignorance.Addressing parliamentarians recently, Bankers Association of...
By Staff reporter | Published: 26 March 2014
The Tobacco Industry and Marketing Board says more than 28 million kilogrammes of tobacco have been delivered to all the country's auction floors since the beginning of the marketing season, a 16 perc...
By Staff reporter | Published: 26 March 2014
ABC Holdings (ABCH) seeks $360 million to capacitate it to be lender-of-last-resort to its banking subsidiaries.This comes as last year the group secured $135 million in lines of credit out of which $...
By Staff reporter | Published: 26 March 2014
Newly appointed Reserve Bank of Zimbabwe governor John Mangudya must stick to central bank's advisory role to government and regulation of the financial sector, economists say. They said apart from fa...
By Staff reporter | Published: 26 March 2014
Listed Dairibord Holdings Limited (Dairibord) plans to shut down its Gweru plant as part of strategies to contain costs and rationalise operations.This comes as the milk processor last year closed its...
By Staff reporter | Published: 26 March 2014
THE Industrial Development Corporation is scouting for a partner to either mine or process lithium ore into other value-added products such as batteries.The project feeds into the worldwide increase i...
By Staff reporter | Published: 26 March 2014
Unifreight Limited will not make a mandatory offer to minority shareholders of Pioneer Corporation Africa, in line with Zimbabwe Stock Exchange rules, as Zimbabwe's equity laws don't allow foreigners ...
By Staff reporter | Published: 26 March 2014
Demand for cement in Zimbabwe has declined as a result of sluggish activity in the country's construction sector and difficult economic conditions.Research by pan-African financial services company Im...
By world cement | Published: 25 March 2014
BancABC Zimbabwe contributed to the group's profitability in the year to December 31, 2013 despite liquidity challenges in the operating environment.BancABC Zimbabwe was one of the three country divis...
By Staff reporter | Published: 25 March 2014
ZB Financial Holdings will focus on cost containment and operational efficiency as key aspects to delivering growth in FY14, CE Ronald Mutandagayi told analysts at the firm's inaugural analyst briefin...
By Staff reporter | Published: 25 March 2014
The Deposit Protection Corporation (DPC) has managed to reimburse only 1 606 depositors out of 8 496, whose accounts were closed when three banks were shutdown.DPC chief executive officer John Chikura...
By Staff reporter | Published: 25 March 2014
PIC Director resigns after appointment error 
Botswana enforces new 24% local ownership rule 
'Some very strange things are happening in China!' 
Zimbabwe's dollar stock exchange surges 45% 
Gold edges up as traders await guidance 
Gold shatters $4,000 milestone 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
