MINING & RETAIL

PPC boss steps down

Cement company PPC and its chief financial officer have "mutually agreed to separate", the company announced yesterday.PPC is listed on both the Johannesburg Stock Exchange and the Zimbabwe Stock Exch...

By Staff reporter | Published: 11 October 2019

TELECOMS & TECHNOLOGY

Govt to unveil electronic fuel monitoring

The government is fast pushing for the introduction of electronic monitoring devices for the petroleum industry as part of measures to reduce arbitrage opportunities in the fuel sector, Energy and Pow...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

Mnangagwa to launch ambitious US$$12bn mining roadmap next week

PRESIDENT Emmerson Mnangagwa is set to officially launch a roadmap towards achieving an ambitious US$$12bn mining industry in the next four years as government moves to get more value from the capital...

By Staff reporter | Published: 11 October 2019

FINANCIAL SERVICES

New Bill to revamp pensions funds set to be gazetted soon

THE upcoming Pensions and Provident Fund Bill will allow pension funds to invest up to 20% of their assets in offshore markets, but the regulator says this is subject to the fulfilment of local obliga...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

Granite miners face threat of closure

GRANITE producers are making frantic efforts to avoid a ban on exports to save their operations and jobs in the sector, businessdigest has learnt.President Emmerson Mnangagwa has tasked Industry minis...

By Staff reporter | Published: 11 October 2019

TRANSPORT & TOURISM

Mnangagwa reins in Matiza over NRZ

PRESIDENT Emmerson Mnangagwa this week moved to rein in Transport minister Joel Biggie Matiza over his bid to scuttle the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project by...

By Staff reporter | Published: 11 October 2019

TRANSPORT & TOURISM

Air Zimbabwe failing to attract an investor

INSOLVENT flag carrier Air Zimbabwe is failing to attract an investor, 11 months after government invited bids from potential suitors to take over the embattled entity, the Zimbabwe Independent can re...

By Staff reporter | Published: 11 October 2019

TELECOMS & TECHNOLOGY

Econet subscribers complain about nuisance texts

Econet subscribers have criticised the mobile firm for unsolicited messages advertising its Sasai App.  Sasai is a chat and payments application regarded as a challenge to the dominance of WhatsA...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

Simbisa Brands shifts focus to growing regional operations

Simbisa Brands invested ZWL$18.4 million in the year ended June 30, 19 on expansion and maintenance of its existing counters to a best-in-class standard as it forges ahead to consolidate its share of ...

By Staff reporter | Published: 10 October 2019

MINING & RETAIL

Blanket Mine sets up oxygen plant, recoveries seen at 94%

As part of its investment plans to ramp up production, Canadian based mining firm Caledonia Mining has successfully installed and commissioned a new oxygen plant at its Blanket Mine which is expected ...

By Staff reporter | Published: 10 October 2019

TELECOMS & TECHNOLOGY

Nkosinathi Ncube's good job - OneMoney grows 97%

NETONE'S mobile money transfer service, OneMoney has grown by 97 percent in the three months ending September 30, 2019, driven by unique offerings including OnePay, a bulk payment facility, an officia...

By Staff reporter | Published: 10 October 2019

TELECOMS & TECHNOLOGY

Customers rebel against Econet promo

In a development that could redefine the relationship between consumers and various service providers, Econet subscribers made an unprecedented uproar against unsolicited messages from the company adv...

By Staff reporter | Published: 10 October 2019

FINANCIAL SERVICES

Hackers wipe clean $26,000 from Cabs account

A MAKOKOBA resident was on Monday defrauded of $26 612,97 by suspected cyber criminals after they allegedly hacked his bank account by sending text messages instructing him to punch a code which gave ...

By Staff reporter | Published: 10 October 2019

FINANCIAL SERVICES

Fifth TBs batch on the market

THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fifth batch of treasury bills (TBs), seeking to raise ZWL$150 million to finance Government programmes. Last week, RBZ was on...

By Staff reporter | Published: 10 October 2019

MINING & RETAIL

Zimbabwe drafting new coal tariffs

GOVERNMENT has paid tribute to Makomo Resources for keeping the nation's lights on by continuously supplying coal to the Zimbabwe Power Company at a time the country's economy and coal mining sector a...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Zimbabwe gears for hyperinflation reporting

ZIMBABWE is on the verge of adopting a hyperinflation financial reporting model at a time inflation figures have spiked as its fragile economy teeters on the brink of collapse.The reporting modality, ...

By Staff reporter | Published: 10 October 2019

INDUSTRIALS & ENERGY

Why Zimbabwe quadrupled its electricity prices

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulato...

By Reuters | Published: 10 October 2019

INDUSTRIALS & ENERGY

Chiyangwa's company to manufacture and refurbish wagons?

THE Diaspora Infrastructure Development Group (DIDG) has started manufacturing 6 000 rail sleepers for Beitbridge Bulawayo Railway while plans are underway to produce 60 000 more for the National Rail...

By Staff reporter | Published: 10 October 2019

MINING & RETAIL

Arcadia leads Zimbabwe's mega mine projects

Prospect Resources has registered significant progress on its Zimbabwe-based electric vehicle batteries lithium project just outside Harare, which it says will become the first major mining project to...

By Staff reporter | Published: 10 October 2019

INDUSTRIALS & ENERGY

Chiyangwa's ZECO Holdings after-tax loss widens by 52%

Bulawayo-based engineering firm Zeco Holdings Limited remains in the red after its loss-after-tax widened by 52% to $886 605 in the six months to June 30, 2019, despite undertaking cost-containment me...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

No access to internet for 67 ZimPost offices

Sixty-seven post offices in Zimbabwe do not have internet access, the Abridged sector report for the second quarter has revealed.Potraz has been working on bridging the digital divide between the rura...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

NetOne subscriber base up 6,1%

STATE-OWNED mobile network provider NetOne increased its subscriber base by 6,1 percent in the second quarter to June 2019, latest industry figures show. According to the Postal and Telecommunications...

By Staff reporter | Published: 07 October 2019

TELECOMS & TECHNOLOGY

Mobile money transactions surge 108%

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says mobile operators experienced an increase in volume and value of mobile money transactions with cash-in transactions surging...

By Staff reporter | Published: 07 October 2019

FINANCIAL SERVICES

Agribank workers seek US$-indexed salaries

AGRIBANK employees are demanding interbank rated salaries as they decry current earnings which have been eroded by ravaging inflation.Agitated workers at the banking institution have rejected a recent...

By Staff reporter | Published: 07 October 2019

INDUSTRIALS & ENERGY

Padenga in bid to improve crocodile skins quality

STOCK exchange-listed, Padenga Holdings Limited says it has invested in a research laboratory with aims to improve the crocodile skins quality as the company seeks to maintain and grow its hold on the...

By Staff reporter | Published: 07 October 2019
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