TELECOMS & TECHNOLOGY

NetOne slashes mobile broadband dongle price

NetOne, Zimbabwe's third largest mobile operator, last week announced via adverts in the press the reduction of its 3G broadband dongle from the previous $50 to $35. The announcement comes a whole 6 m...

By Staff reporter | Published: 02 September 2013

FINANCIAL SERVICES

SA based group to set up investment bank in Zimbabwe

South African based company JM Busha Investments plans to set up an investment bank in the country.Group managing director Mr Joseph Makamba Busha told New Ziana that the company would be engaging rel...

By Business reporter | Published: 02 September 2013

FINANCIAL SERVICES

Old Mutual profits jumps 82%

OLD MUTUAL Investment Group Zimbabwe has recorded an 82% increase in after-tax profit to $1,4 million for the six months ended June 30 2013 compared to $763 000 during the comparative period last year...

By Staff reporter | Published: 02 September 2013

INDUSTRIALS & ENERGY

AICO Africa issues a profit warning

Shareholders are advised that the level of production in cotton this year was much lower than prior years consequently the company will post a loss for the year to 31 March 2014 that is substantially...

By Staff reporter | Published: 02 September 2013

FINANCIAL SERVICES

Dr Nkosana Moyo appointed director at Old Mutual Plc

Old Mutual plc has announced that Dr Nkosana Moyo has agreed to join its Board as an independent non-executive director with effect from 1 September 2013. He will also become a member of the Board Ri...

By Staff reporter | Published: 02 September 2013

LANDS & AGRICULTURE

BAT named top southern African employer

British American Tobacco has been certified as a top employer in southern Africa by the Top Employers Institute. Based on independent research, the Top Employers Institute said British American Tobacc...

By Staff reporter | Published: 02 September 2013

MINING & RETAIL

New Dawn shuts down Dalny mine in Zimbabwe

New Dawn Mining Corp announced that Falcon Gold Zimbabwe Limited, has shut down its 100% owned Dalny Mine located in Kadoma effective as of August 30, 2013.The Dalny Mine produced 1,949 ounces of gol...

By Business reporter | Published: 30 August 2013

TRANSPORT & TOURISM

Hospitality Association hails UNWTO indaba for boosting business

The Hospitality Association of Zimbabwe (HAZ) today said business was brisk during the United Nations World Tourism Organisation (UNWTO) general assembly with hotels recording above 90 percent occupan...

By Staff reporter | Published: 30 August 2013

FINANCIAL SERVICES

Human capital skills a key focus area for NicozDiamond

From their presentation at the analyst briefing after announcing their half year results NicozDiamond managing director, Mrs Grace Muradzikwa said that retaining human capital skills was one of their ...

By Staff reporter | Published: 30 August 2013

MINING & RETAIL

Mwana Africa executives take 50% pay cut

MWANA Africa Plc executives have agreed to a 50 percent pay cut as the pan-African multi-commodity mining company bids for $5 million in annual savings.The Alternative Investment Market listed mining ...

By Staff reporter | Published: 30 August 2013

FINANCIAL SERVICES

NMB Bank exploring opportunities in the low LSM

NMB Bank Chief Executive James Mushore told an analyst briefing yesterday that his bank is going to explore growth opportunities in other market segments saying the journey might lead them to opportu...

By Business reporter | Published: 30 August 2013

LANDS & AGRICULTURE

SeedCo optimistic about the coming agric season

SeedCo Chief Executive Morgan Nzwere told the AGM yesterday that SeedCo is optimistic about the forthcoming agriculture season as they expect the new government to pursue pro-agriculture policies.&nbs...

By Business reporter | Published: 30 August 2013

FINANCIAL SERVICES

POSB reports a loss

THE People's Own Savings Bank (POSB) recorded a loss of $131 000 in operating profit in the first half of the year partly due to a drop in non- interest income and a decline in revenue reserves.Accor...

By Business reporter | Published: 30 August 2013

INDUSTRIALS & ENERGY

Zeco reports a $1.3 million loss

THE troubled Zimbabwe Engineering Company (Zeco) which is linked to flamboyant businessman Philip Chiyangwa recorded a depressing set of results for the financial year ended 2013. The depressing set ...

By Business reporter | Published: 30 August 2013

MINING & RETAIL

Meikles mulls acquiring gold, diamond mines

Meikles Centar Mining has cast acquisitive glances at Zimbabwe mining assets amid indications the company is planning to make a grand entrance onto the country's mining scene. A well-placed source sai...

By Business reporter | Published: 30 August 2013

FINANCIAL SERVICES

Stanbic profit up 23%

Earnings for the 6 months to June for Stanbic Bank - a member of South Africa-headquartered Standard Bank - were up 23% to $8 million driven by growth in net interest income. Fee and commission income...

By Business reporter | Published: 30 August 2013

FINANCIAL SERVICES

NMB Bank warns on bills scrapping

NMB chief executive officer James Mushore has warned that the cancellation of domestic consumer debts owed to local authorities and plans to write off more utility bills may worsen the liquidity crisi...

By Business reporter | Published: 30 August 2013

FINANCIAL SERVICES

MasterCard and Standard Bank Group Sign Agreement

JOHANNESBURG, South-Africa - Ann Cairns, President of International Markets, MasterCard, with Peter Schlebusch, Group Executive, Standard Bank Group as they celebrate the signing of an agreement stren...

By APO | Published: 30 August 2013

FINANCIAL SERVICES

CABS posts solid growth

THE Central African Building Society has remained on a solid growth path after net surplus in the interim to June 2013 rose 11 percent to $10,6 million driven by increases in both interest and non-int...

By Business reporter | Published: 29 August 2013

INDUSTRIALS & ENERGY

Cheap sugar imports impacts on Star Africa sales volumes

Gold Star sugar volumes were adversely affected by cheap imports which are dumped into the market, Star Africa's CEO Sam Mushiri told an AGM today. Mushiri noted that there is now an understanding wit...

By Business reporter | Published: 29 August 2013

INDUSTRIALS & ENERGY

Afdis continues to enjoy volumes growth

Afdis continues to enjoy growth in volumes, revenues and profits as it regains its position in the spirit and wines market supported by improving operational efficiencies. Sales volumes grew by 18% w...

By Staff reporter | Published: 29 August 2013

CONSTRUCTION & PROPERTY

Lafarge revenue declines 6.3%

Lafarge cement demand for the first 7 months of 2013 was constrained by limited construction activity, MD Jonathan Shoniwa said yesterday.Construction projects have not taken off as anticipated; cons...

By Staff reporter | Published: 29 August 2013

LANDS & AGRICULTURE

Dairibord Holdings' core earnings fall

DAIRIBORD Holdings' core earnings fell 170 percent in the six months to June this year due to unusually high costs, including retrenchment packages and relocation of machinery. One of the country's l...

By Business Reporter | Published: 29 August 2013

TELECOMS & TECHNOLOGY

Air Zimbabwe eyes regional, international flights

AIR ZIMBABWE says it is targeting to resume flights to regional and international destinations before the end of this year.The airline suspended regional and international flights two years ago after ...

By Staff reporter | Published: 29 August 2013

TELECOMS & TECHNOLOGY

Econet still under Potraz probe

ECONET WIRELESS might have complied with the regulatory authority directive against slashing voice call tariffs by more than half, but the company still faces investigation into the propriety or impr...

By Staff reporter | Published: 29 August 2013

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