Old Mutual Assurance Zimbabwe Limited (OM) is set to acquire another 11,7 percent stake in hard-pressed building materials manufacturer, PG Industries (PG), after a bailout deal.The insurance group wi...
By Staff reporter | Published: 05 March 2014
Zimbabwe has auctioned tobacco worth $16 million since the opening of the 2014 selling season mid-February.The figure, according to statistics from Tobacco Industry and Marketing Board (Timb), is up f...
By Staff reporter | Published: 05 March 2014
Zimbabwe's platinum output is expected to rise 21,5 percent to 13 tonnes this year from 10, 2 tonnes produced in 2013, according to the Zimbabwe Economic Analysis and Research Unit (Zeparu).In its rep...
By Staff reporter | Published: 05 March 2014
Distressed hygiene and health products maker, Reckitt Benckiser Zimbabwe (RB), is auctioning its plant and equipment, signalling a total collapse of the company.The assets are set to go under the hamm...
By Staff reporter | Published: 05 March 2014
COOKING oil manufacturer, Surface Investments plans to install a new refinery within the next two years to triple production from the current three million litres a month, an official said yesterday.T...
By New Ziana. | Published: 05 March 2014
SOME local banks have started opening accounts for transacting in the Japanese yen, Chinese yuan, Australian dollar and Indian rupee following the expansion of the country's foreign currency basket by...
By Staff reporter | Published: 05 March 2014
African Sun has entered into a sale agreement for Dawn Properties' linked units with Lengrah Investments, a related party. This will result in the hotel group disposing of 406 466 976 Dawn Properties'...
By Staff reporter | Published: 05 March 2014
Olivine Industries Limited requires about $32 million to increase capacity and retool its plant. The fast foods consumer goods manufacturer's production capacity plunged by 82% from about 202 330 tonn...
By Staff reporter | Published: 05 March 2014
African Consolidated Resources plc has declared an ore reserve estimate of 16.6Mt, containing 1.02Moz at 1.9g/t, and an updated resource of 62.0Mt containing 3.56Moz at 1.8g/t - both in accordance wi...
By Staff reporter | Published: 05 March 2014
Despite all its economic and political drawbacks, Zimbabwe still offers Impala Platinum (Implats) its most attractive growth prospects as the group's mainstream operations in South Africa are hammere...
By Staff reporter | Published: 04 March 2014
News gathered from a regional tech website has it that it has a VAS offering, Voice SMS, which is set to hit the local market before the end of the year through a yet to be identified service provider...
By TechZim | Published: 04 March 2014
SCHWEPPES Zimbabwe Limited has moved to acquire Beitbridge Juicing, based in the similarly named border town, in a bid to consolidate its position in the non-carbonated beverage market.Schweppes, a ma...
By Staff reporter | Published: 04 March 2014
CBZ Holdings (CBZ) is in talks with the government to ensure farmers can use their land as security to access advance loans for agriculture operations.Some farmers hold 99-year lease agreements from t...
By Staff reporter | Published: 04 March 2014
The Commercial Bank of Zimbabwe (CBZ), which is the current majority shareholder in bread maker, Lobels says about three investors have expressed interest to buy the company.CBZ Group chief executive...
By Staff reporter | Published: 04 March 2014
Cairns, the agro-processing firm, currently under judiciary management, plans to revive its Bulawayo pasta producing plant before year-end, subject to availability of investment funds, a senior compan...
By Staff reporter | Published: 04 March 2014
EcoCash Services chief operating officer Japhet Aritho says the Ecocash Payroll system will offer access to credit lines to small to medium enterprises and companies using the platform depending on t...
By Staff reporter | Published: 04 March 2014
GRINDROD Trading has acquired a 51 percent stake in Bulawayo-based fast moving consumer goods manufacturer United Refineries Ltd, managing director Mr Busisa Moyo said. "We have just concluded the tra...
By Staff reporter | Published: 04 March 2014
ZIMSWITCH has broken the impasse with Econet Wireless Zimbabwe over restricted access to its mobile money transfer system, unstructured supplementary service data, with the latter's banking unit now c...
By Staff reporter | Published: 04 March 2014
The Zimbabwe Stock Exchange listed firm AICO Africa Lt has rebranded to Cottco Holdings Ltd with effect from today.The company said shareholders had approved the name change. "The Board of directors a...
By Staff reporter | Published: 03 March 2014
Zimbabwe has been hit by severe electricity outages following a breakdown at a power plant that accounts for about half its national production, state utility ZESA said on Thursday. Homes and business...
By Reuters | Published: 03 March 2014
A proposed 15 percent levy on Zimbabwe's platinum exports equated to a "punishment" that threatened the industry, the country's mining lobby said this week.In December last year the government propose...
By Bloomberg | Published: 03 March 2014
Diversified South African construction company, Group Five, says it is targeting concessions opportunities in Zimbabwe.This was said by CEO Mike Upton while presenting the company's results for the si...
By Staff reporter | Published: 03 March 2014
Art reported a nominal decrease of 7% in its turnover to $10.6 million in the first 4 months of its current financial year, CE Richard Zirobwa told the AGM earlier today."Our trading hasn't been too g...
By Staff reporter | Published: 03 March 2014
THE Associated Mine Workers' Union of Zimbabwe (AMWUZ) and the Chamber of Mines have reached a deadlock in the 2014 wage negotiations after the chamber refused to award a Poverty Datum Line- linked in...
By Staff reporter | Published: 03 March 2014
FINANCE and Economic Development Minister Patrick Chinamasa has summoned senior management of an international bank in the country to provide explanation on why the bank has drastically cut its lendin...
By Staff reporter | Published: 03 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
