Asset management companies in Zimbabwe are passive and often times neglect their role of raising alarm where listed companies make decisions which are not in the interest of investors, the Securities ...
By Business Reporter | Published: 12 March 2014
RESERVE Bank of Zimbabwe subsidiary Fidelity Refineries and Printers owes local gold producers about $50 million dating back to the hyperinflation era when the company stopped operating.RBZ Acting Gov...
By Tinashe Makichi | Published: 12 March 2014
ZIMBABWE's largest gold mining group Metallon Gold has once again suspended operations at its Redwing Mine in Penhalonga due to flooding and is considering engaging a contractor to dewater it.Metallon...
By Martin Kadzere | Published: 12 March 2014
Edgars Stores Limited will focus on cost control, more fashion, less price and a wider choice for customers to achieve profitable growth in FY14, group MD Linda Masterson told an analyst briefing toda...
By Staff reporter | Published: 11 March 2014
Government has closed its CBZ Bank (CBZ) account, a move the financial institution said will not affect its business.CBZ has since 2009 been acting as the State's bankers following the Reserve Bank of...
By Staff reporter | Published: 11 March 2014
Edgars Stores Limited reported a set of improved financial numbers showing an 8% growth in revenue to $67.7m. The Edgars chain was the biggest contributor to revenue at 80% while the Jet chain contrib...
By Staff reporter | Published: 11 March 2014
Zuva Petroleum owned by businessman and FBC Holdings group chief executive officer John Mushayavanhu has begun scouting for potential partners to operate its service stations in Bulawayo.Mushayavanhu ...
By Mernat Mafirakurewa | Published: 11 March 2014
LOCAL banks have raised concern over the Reserve Bank of Zimbabwe's directive compelling them to seek approval before raising charges or interest rates saying such a move was tantamount to unnecessary...
By Conrad Mwanawashe | Published: 11 March 2014
LIFESTYLE Holdings has defaulted on its obligation to pay out minority shareholders who opted for cash under an arrangement that involved issuing of new TN Harlequin International shares in exchange ...
By Staff reporter | Published: 11 March 2014
NewZim Steel (formerly Ziscosteel) is set to lose equipment worth millions of dollars at an auction to cover a debt accrued in a coal supply deal with Hwange Colliery Company. The auction will take pl...
By Staff reporter | Published: 11 March 2014
Telecel has gone into a partnership with the Harare City Council that will allow ratepayers to pay the City Council bills using telecash.Telecash is the mobile money transfer service launched recently...
By Staff reporter | Published: 10 March 2014
Zimbabwe should consider auctioning its diamonds in the country to reduce costs that it incurs through logistical arrangements to sell the gems in Antwerp, Belgium, an expert said on Friday.Sale of Ma...
By New Ziana | Published: 10 March 2014
Diamond miner, Anjin Investments says it is struggling to keep its operations running due to falling ore grades and recoveries at its concession in the Marange fields.A joint venture between China's A...
By New Ziana | Published: 10 March 2014
Mbada Diamonds says it has realised over $1 billion in sales revenue in nearly five years of operations in the Marange diamond fields in Manicaland Province.This is in spite of years of operating unde...
By New Ziana | Published: 10 March 2014
Diamond companies operating in Marange are gearing up to invest in machinery that will enable them to mine the deep seated conglomerate and kimberlitic diamonds following the depletion of the alluvial...
By Staff reporter | Published: 10 March 2014
Hunyani Holdings Limited is facing considerable pressure on margins and is performing below budget at operating profit level due to various factors such as competition and shrinkage of market, group M...
By Staff reporter | Published: 10 March 2014
NicozDiamond will focus on managing costs and maintaining a healthy bottom line in F14 as revenue growth is expected to be subdued in line with a downcast economic environment, managing director Grace...
By Staff reporter | Published: 10 March 2014
THE country's largest fuel retailer, Total Zimbabwe will this year invest about $10 million towards the re-branding and refurbishment of its service stations across the country over the next years, a ...
By Business Reporters | Published: 10 March 2014
LISTED retail conglomerate Innscor Africa Limited's top line vaulted by 55,4 percent in the interim to December 2013, but the difficult operating environment and huge overheads took the gloss of...
By Business Reporter | Published: 10 March 2014
African Consolidated Resources Plc, an Alternative Investment Market listed gold mining company with significant interest in Zimbabwe, is undertaking a due diligence exercise with a major ...
By Business Reporter | Published: 10 March 2014
SOME retail outlets in the country have in the recent past weeks started dishing out coins as change to their customers as they try to cash in on the weakening South African Rand.This was unlike in th...
By Staff reporter | Published: 10 March 2014
PROPERTY investors in Zimbabwe are shifting focus from office to retail shops due to increased demand for retail space in the central business district (CBD), a local analyst has said.Addressing stake...
By Staff reporter | Published: 10 March 2014
TN Harlequin Luxaire, the furniture arm of Lifestyle Holdings, is locked in a bitter labour dispute with about 40 workers over outstanding salaries and benefits.In the matter, which has spilled into a...
By Tonderai Mukeredzi | Published: 10 March 2014
The mining sector has potential to attract $12 billion in new investment over the next five years, but Zimbabwe's high mining fees could scare off investors, a World Bank report on trade and competit...
By Staff reporter | Published: 10 March 2014
Pretoria - Platinum mining companies are paying their chief executive officers 199 times more than they are paying mineworkers, the Association of Mineworkers and Construction Union (Amcu ) said on Th...
By Sapa | Published: 07 March 2014
ZCTU implores govt to review US$150 minimum wage 
DRC bans US dollar cash payments 
Trump admin launches $166B tariff refund portal 
Gold-backed ETF set for VFEX debut 
Zimbabwe's currency is undervalued by nearly half 
Zimbabwe moves to crack down on proxy mining deals 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
