INSURER, Zimnat, says it has received exchange control permission to invest policyholder's funds contributed in foreign currency in offshore financial markets. The exchange control approval relates to...
By Staff reporter | Published: 04 October 2019
The Insurance and Pensions Commission (IPEC) made a statement on the forward going policy for foreign currency dominated insurance policies. The development comes in the midst of a growing confi...
By Staff reporter | Published: 02 October 2019
Zimbabwe's raw milk production in the first 8 months to August rose 10% to 52.51 million litres from 47.84 million litres recorded in the same period last year. However, the output is still 56% below ...
By Staff reporter | Published: 02 October 2019
Gold production at Eureka Mine in Guruve is expected to resume within the next 18 months with refurbishment and rehabilitation work progressing well.At its peak , Eureka Gold Mine was the country's pr...
By Staff reporter | Published: 02 October 2019
Silo Foods Industries is now buying maize and small grain from farmers at RTGS$4 000 per tonne, representing a 90.47% increase from RTGS$2 100 being offered by its parent Grain Marketing Board (GMB).&...
By Staff reporter | Published: 02 October 2019
Government is working on various policies to ensure sustainable electricity supply in the long-term after securing a deal from Mozambique's Hydroelectrica de Cahora Bassa (HCB) of Mozambique for the s...
By Staff reporter | Published: 01 October 2019
COAL miner, Makomo Resources, has reported a 27 percent drop in production for the first nine months of 2019, attributed to procurement gaps as a result of a shortage of foreign currency. The Hwange-b...
By Staff reporter | Published: 01 October 2019
FURNITURE and electrical appliances retailer, TV Sales & Home, has acquired a 49 percent stake in bed maker, Restapedic, and separately established a joint venture lounge suite manufacturing compa...
By New Ziana | Published: 01 October 2019
ZIMBABWE'S largest financial services group CBZ Holdings Limited recorded a 301% increase in profit-after-tax to ZWL$137,4 million in the six months ended June 30, 2019 from a comparative 2018 of ZWL$...
By Staff reporter | Published: 01 October 2019
FINANCIAL Services giant ABC Holdings Limited has conceded that currency reforms are yet to yield results as the country continues to witness heavy devaluation of the local currency and hyperinflation...
By Staff reporter | Published: 01 October 2019
CALEDONIA Mining Corporation (Caledonia) says its unsecured $4 million overdraft facility in Zimbabwe has remained undrawn."The company currently has no plans to raise equity. Blanket has an unsecured...
By Staff reporter | Published: 01 October 2019
Ministers have recently issued threats against Econet's mobile money service, EcoCash, whose agents are accused of charging desperate Zimbabweans looking for cash a massive premium of up to 60 percent...
By Staff reporter | Published: 30 September 2019
THE Reserve Bank of Zimbabwe (RBZ) said on Friday it got offers four times more than the $100 million it sought to raise through treasury bills (TBs), signalling high investor appetite in the instrume...
By New Ziana | Published: 30 September 2019
YOUNG Miners Foundation (YMF) chief executive Payne Kupfukwa has lamented that the local mining industry was lagging behind in terms of technology, with firms using archaic and inefficient equipment.K...
By Staff reporter | Published: 30 September 2019
TOBACCO seed sales have declined by 20%, with the volumes being the lowest since 2015, a development that could see reduced hectarage of the crop next season, a Zimbabwe Tobacco Association (ZTA) repo...
By Staff reporter | Published: 30 September 2019
CALEDONIA Mining Corporation has bemoaned the rampant increase of illegal mining activities on properties controlled by its gold mining company, Blanket Mine in Gwanda.Blanket Mine has exploration tit...
By Staff reporter | Published: 30 September 2019
State-run Zimbabwe Electricity Supply Authority (ZESA) senior officials are expected to meet with executives from Namibia's electricity company NamPower and finalise some on-going negotiations for the...
By Staff reporter | Published: 30 September 2019
COAL miner Makomo Resources is only getting about 50% of its foreign currency requirements for the importation of critical inputs like spares, a situation that has crippled its production, an official...
By Staff reporter | Published: 28 September 2019
THE National Building Society (NBS) says it has applied strict cost repression measures in order to contain the effects of inflation.Zimbabwe's inflation rate has been on the rise and quickened furthe...
By Staff reporter | Published: 28 September 2019
After concluding an agreement with ZETDC last month to ensure continuous power supply to the factory, Starafrica Corporation intends to recover 10% of production lost by accelerating export sales in t...
By Staff reporter | Published: 28 September 2019
Foreign currency earnings, which constituted 45% of revenue, helped African Sun post a 765% increase in the bottom-line for the half year to June 30. This is in spite of a drop in occupancy leve...
By Staff reporter | Published: 28 September 2019
Global Credit Rating (GCR) has revised Zimnat General Insurance's national scale financial strength rating to A+(zw) Stable Outlook, from its previous rating of A-(zw).The financial strength rating (f...
By Staff reporter | Published: 27 September 2019
CALEDONIA Mining Corporation, which owns Blanket Mine in Matabeleland South province, targets to increase gold output to 75 000 ounces in 2021 as the mine has begun focusing on increasing output. &nbs...
By Staff reporter | Published: 27 September 2019
THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will conduct another diamond auction before the end of the year targeting to sell between 400 000 and 500 000 carats. A fortnight ago, MMC...
By Staff reporter | Published: 27 September 2019
TelOne lost about $500 000 over the weekend when small-scale miners vandalised network infrastructure while panning for gold in Mashonaland West Province. The $500 000 was lost in restoring services a...
By Staff reporter | Published: 27 September 2019
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Second International Airport for Harare 
Starlink plans to go big in South Africa 
'Some very strange things are happening in China!' 
Zimbabwe's dollar stock exchange surges 45% 
Gold edges up as traders await guidance 
Gold shatters $4,000 milestone 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
