INDUSTRIALS & ENERGY

Lobel's accused of failing to pay contractors

TRUCK owners contracted by Lobel's Bread to deliver bread in Bulawayo are alleging that the firm has gone for two months without paying them for their services. Some of the contractors who preferred n...

By Business Reporter | Published: 29 November 2013

TELECOMS & TECHNOLOGY

Econet named employer of choice

LEADING telecommunications company Econet has been named employer of choice by university students and graduates, a survey of students has shown. The survey was conducted by Datasol Zimbabwe and CV Pe...

By Business Reporter | Published: 29 November 2013

INDUSTRIALS & ENERGY

Aico Africa writes down $32m

AICO Africa Limited has written down $30,2 million from the value of two of its units to reflect the decrease in their carrying amounts after a poor financial performance in the interim period to 30 S...

By Staff reporter | Published: 28 November 2013

FINANCIAL SERVICES

Barclays to launch money transfer app in Zim

Barclays Plc is planning to launch its smartphone mobile banking app, Pingit in Zimbabwe and other African countries within the next few months.This follows the launch of the application in Kenya. The...

By BH24/Techzim | Published: 28 November 2013

INDUSTRIALS & ENERGY

Imperial refrigeration gets major boost form Coca-Cola

Local refrigerator manufacturer, Imperial and Commercial Refrigeration is expecting to realise over $600 000 by March next year following a big order from beverages manufacturer Coca-Cola company for...

By Staff reporter | Published: 28 November 2013

INDUSTRIALS & ENERGY

Truworths' 4 months revenue up 5.9%

Truworths Limited group CE Themba Ndebele told an AGM this morning recorded a 5.9% turnover growth for the four months ending October 13.Truworths launched a 36 months In-store Credit Card facility fo...

By Staff reporter | Published: 28 November 2013

CONSTRUCTION & PROPERTY

Dawn Properties release improved results

Dawn Properties Limited released an improved set of results recording a 4% growth in revenue to $2.9m (2012: $2.8m). Reported operating profit increased by an impressive 185% mainly because of the rat...

By Staff reporter | Published: 28 November 2013

MINING & RETAIL

Israeli miner targets Zimbabwe diamonds

Israeli mining investor Yaron Yamin - in conjunction with his local partners - is on the verge of tying a deal with the Zimbabwean government to mine diamonds at Chiadzwa, businessdaily revealed.The G...

By Staff reporter | Published: 28 November 2013

INDUSTRIALS & ENERGY

Aico Africa faces foreclosure

Aico Africa is facing foreclosure and possible sequestration of its 50% SeedCo stake for loan guarantees it pledged on behalf of its subsidiary companies. The group guaranteed loans advanced to the Co...

By Staff reporter | Published: 28 November 2013

FINANCIAL SERVICES

Bank queues disappear

NORMALCY had returned at most banks in Harare yesterday with people withdrawing their cash without hiccups.A snap survey yesterday afternoon showed that people were withdrawing their money without has...

By Staff reporter | Published: 28 November 2013

INDUSTRIALS & ENERGY

Zim textile industry on the brink of collapse

ZIMBABWE’S textile industry, which at its prime was one of the major employers in the country, is on the brink of collapse as fears mount over the closure of more textile firms. While other sub-sec...

By Business Reporter | Published: 28 November 2013

FINANCIAL SERVICES

Zimbabwe searching for Gono's successor

WITH the term of Reserve Bank governor Dr Gideon Gono due to expire this month, Government is set to appoint an acting governor while the search for his successor continues. Senior Government official...

By Business Reporters | Published: 28 November 2013

INDUSTRIALS & ENERGY

Delta shines at ZIA inaugural awards

BEVERAGES group, Delta Corporation clinched the Investor of the Year Award 2013 at the inaugural Zimbabwe Investment Authority (ZIA) Investor Awards held at a local hotel on Tuesday.The awards, meant ...

By Staff reporter | Published: 28 November 2013

TELECOMS & TECHNOLOGY

Liquid telecom scoops second award

For the second year running, Liquid Telecom has been named Best African Wholesale Carrier at the annual Global Carrier Awards, beating off strong competition from WIOCC, Orange and PCCW Global.Organis...

By Staff reporter | Published: 28 November 2013

CONSTRUCTION & PROPERTY

Turnall tile making plant to reach full capacity by year-end

Listed roofing and building products manufacturer Turnall Holdings Limited tiles making plant which was commissioned in August this year is close to meeting its capacity of 45 000 tiles per day, a com...

By Staff reporter | Published: 27 November 2013

FINANCIAL SERVICES

Financial sector reforms critical to attract investment

The transformation of the financial services sector is key to attracting investment in the country, a Government official said.Finance and Economic Planning Minister Patrick Chinamasa said reforming t...

By Staff reporter | Published: 27 November 2013

FINANCIAL SERVICES

FML launches mobile life insurance product

First Mutual Limited has launched a low cost cross network mobile life insurance product called e-FML which is an enhancement of the Funeral Cash Plan. FML Assurance company MD Ruth Ncube said e-...

By Staff reporter | Published: 27 November 2013

INDUSTRIALS & ENERGY

Meikles moves ahead on indigenisation

Meikles Limited which secured approval of its provisional indigenisation plan by government a few months ago, today also got support from its shareholders to undertake transactions necessary for the p...

By Staff reporter | Published: 27 November 2013

MINING & RETAIL

Adequate power key for Zim platinum refinery

Zimbabwe must have adequate power supply in order to fully realise the benefits of a platinum refinery, the Platinum Producers Association of Zimbabwe (PPAZ) says.This comes on the back of escalated e...

By Staff reporter | Published: 27 November 2013

TELECOMS & TECHNOLOGY

Valley Technologies placed under final liquidation

EMBATTLED telecommunications company Valley Technologies was placed under final liquidation by the High Court, but the company's ownership remains unclear after both Nigel Chanakira and Zachary Wazara...

By Staff reporter | Published: 27 November 2013

INDUSTRIALS & ENERGY

NamPower to fund Byo, Hre power stations

NAMIBIA'S power utility, NamPower, has expressed an interest in funding the repowering of Bulawayo and Harare thermal power stations, a development expected to improve electricity generation in the co...

By Staff reporter | Published: 27 November 2013

INDUSTRIALS & ENERGY

Zimphos seeks $15m for facelift

Mining and industrial chemicals manufacturing firm Zimbabwe Phosphate Industries is seeking to raise at least $15 million for the refurbishment of its Msasa plant in Harare in order to increase capaci...

By Business Reporter | Published: 27 November 2013

INDUSTRIALS & ENERGY

Zeco ranked worst governed firm

ZECO Holdings has been ranked the worst governed company on the Zimbabwe Stock Exchange at the Institute of Chartered Secretaries and Administrators of Zimbabwe awards which were held recently.  ...

By Business Reporter | Published: 27 November 2013

MINING & RETAIL

Meikles's bid to swoop for Freda flops

MEIKLES Limited's bid to swoop on Mwana Africa Plc's gold mining cash cow Freda Rebecca hit a brick wall after one of the group's major shareholders who was  approached with an unsolicited offer ...

By Business Reporter | Published: 27 November 2013

INDUSTRIALS & ENERGY

Import duty on ZESA equipment suspended

Power utility, ZESA Holdings has received a shot in the arm after government gave it a one year import duty suspension on equipment.According to Statutory Instrument 157 of 2013, ZESA Holdings was aw...

By Staff reporter | Published: 26 November 2013

Latest News

Latest Published Reports

Latest jobs