Astra Industries reported a flat set of results showing a 3% growth in revenue to $28.1m. Sales volumes grew 7% and gross margins reduced from 35% to 33% mainly due to increased competition and risin...
By Staff reporter | Published: 22 November 2013
RADAR HOLDINGS is targeting to produce 60 million bricks in the current financial year with a 19 percent increase in volumes anticipated after the completion of a dedicated power-line project at its W...
By Staff reporter | Published: 22 November 2013
ABC HOLDINGS has secured regulatory approval for its mandatory offer to minority shareholders with the board set to recommend whether the minorities should accept controlling shareholder African Devel...
By Business Reporter | Published: 22 November 2013
Global technology giant, Samsung on Thursday signed a partnership agreement with a local firm which could eventually result in the establishment of an assembly plant by the South Korean firm in Zimbab...
By Business Reporter | Published: 22 November 2013
HOSPITALITY group Cresta has put on hold its $6 million refurbishment of one of its units to March next year taking a break for the festive season.The three-star Cresta Lodge was undergoing a facelif...
By Staff reporter | Published: 22 November 2013
President Mugabe, who is in Kuwait for an Arab-Africa summit, yesterday met a top Kuwaiti transport and logistics business executive to discuss possible investment in the country. Agility managing dir...
By New Ziana | Published: 21 November 2013
The Cotton Company of Zimbabwe is looking to partner local and foreign companies in the beneficiation of cotton to promote higher producer prices for farmers.Addressing members of the National Assembl...
By Staff reporter | Published: 21 November 2013
A JOHANNESBURG based businessman is taking mobile operator NetOne and Chinese telecoms equipment maker Huawei to court amid allegations of an irregularly awarded multi-million dollar network upgrade d...
By itwebafrica.com | Published: 21 November 2013
ROAD Motor Services (RMS) has failed to pay its workers for the past eight months.Workers who spoke to reporters on condition of anonymity said the company has not been paying them for the last eight...
By Business Reporter | Published: 21 November 2013
PRETORIA Portland Cement says it will start constructing a $200 million cement plant in the north- eastern part of the country next year, as the group's African expansion gathers momentum. "We intend ...
By Business Reporter | Published: 21 November 2013
INGWEBU Breweries, the Bulawayo City Council commercial undertaking, seeks to expand its market base within the next two years in a bid to supply at least four provinces countrywide with three of its ...
By Staff reporter | Published: 21 November 2013
ZSE-listed Amalgamated Regional Trading Limited (ART) is engaged in negotiations with potential suitors for funding to pay off its costly short-term debt.The talks come after initiatives to rope in a ...
By Staff reporter | Published: 21 November 2013
Radar Holdings Limited group CE Elias Hwenga told the AGM today that sales and profitability for the past 4 months are slightly ahead of where they were in the prior comparable period although they ar...
By Staff reporter | Published: 20 November 2013
Cement producer Lafarge Cement has started new business initiatives to complement the decline in cement demand on the local market, a company official said.Speaking on the sidelines of the official co...
By Staff reporter | Published: 20 November 2013
YUM! Restaurants International continues to expand the footprint of its Kentucky Fried Chicken (KFC) brand on the African continent.KFC will make a return to Zimbabwe with the opening of an outlet in...
By Staff reporter | Published: 20 November 2013
OK Zimbabwe CEO Willard Zireva told analysts yesterday that the liquidity crunch will worsen in the short term and business activity is not expected to improve for the remainder of the year as consum...
By Staff reporter | Published: 20 November 2013
Border Timbers' Deputy Chairman Heinrich von Pezold told the AGM this morning that Border is exporting product to regional markets to sidestep the effects of problems in its most profitable market, Zi...
By Staff reporter | Published: 20 November 2013
BETHEL Communications, a local mobile company trading as Astro Zimbabwe, has launched a new range of smartphones specifically designed to suit the local market.The company behind the Ibho range of And...
By Staff reporter | Published: 20 November 2013
INTERFRESH Limited is seeking shareholders approval to delist from the Zimbabwe Stock Exchange after it failed to raise $6 million from existing shareholders.In a notice for an extraordinary general m...
By Staff reporter | Published: 20 November 2013
Cafca reported a flat set of results showing a 3% growth in revenue on the back of reduced realizations per tonne due to increased sales of aluminium as opposed to copper as well as increase in expor...
By Staff reporter | Published: 20 November 2013
AfrAsia Kingdom released a circular relating to its proposed recapitalisation by up to $100m through a Rights Offer and a Private Placement.An EGM of the company shall be at 100hrs on Friday 29 Novemb...
By Staff reporter | Published: 20 November 2013
A LIQUIDITY crisis affecting the country's financial system began to bite yesterday after hundreds of Trust Bank depositors in Bulawayo failed to access their money.Some restless depositors - a majori...
By Staff reporter | Published: 20 November 2013
KINGDOM BANK is closing its Beitbridge branch this month-end in a move likely to inconvenience hundreds of account holders amid a severe liquidity crunch rocking the country's fragile banking sector.I...
By Staff Reporter | Published: 20 November 2013
POTENTIAL foreign investors have demanded that embattled national airline Air Zimbabwe addresses its salary disputes with employees before entering a deal with them, Parliament was told on Monday.This...
By Staff reporter | Published: 20 November 2013
The outgoing Kimberley Process (KP) chairperson, Ambassador Welile Nhlapo has commended the European Union (EU) for lifting sanctions on the Zimbabwe Mining Development Corporation (ZMDC) and has chal...
By Staff reporter | Published: 19 November 2013
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
