RioZim will continue focusing on debt restructuring with the company expecting to generate $8.6 million cash in total and $7.7 million before the end of the year from the sale of reverts of Xstrata, ...
By Business reporter | Published: 10 June 2013
THE Bulawayo Rainbow Hotel is undergoing a $650 000 facelift. In a statement yesterday, Rainbow Tourism Group (RTG) the hotel was expected to have several of its areas revamped to give it a mor...
By Business Reporter | Published: 10 June 2013
GOVERNMENT says Telecel Zimbabwe should first address its lopsided shareholding by transferring majority stake in the firm to locals before its mobile phone operator's licence can be renewed. Transpo...
By Business reporter | Published: 10 June 2013
Econet's revenue for the year ended 28 February 2013 was $694.8 million, an increase of 14% compared to the previous year. Earnings Before Interest, Taxation, Depreciation and Amortisation (EBITDA)...
By Moyo Roy | Published: 10 June 2013
EDGARS Stores Limited is on course to achieve turnover of above $65 million by year end, following a 4.8% increase in sales uni...
By Business reporter | Published: 10 June 2013
African Development Corporation announced that the management and the Supervisory Board resolved to engage in pooling agreements with aligned investors in ABC Holdings Limited, Botswana (BancABC) and...
By Business reporter | Published: 10 June 2013
STEELNET Zimbabwe has been placed under final liquidation and the liquidator has invited tenders from interested parties to purchase operating assets.Steelnet liquidator Mr Christopher Maswi of Fair...
By Mafu sithabile | Published: 10 June 2013
AfrAsia Kingdom Zimbabwe Limited has embarked on initiatives to strengthen the group's businesses in response to regulatory requirements for additional capital and in preparation of an expected econo...
By Business reporter | Published: 10 June 2013
Local business groups and the country's consumer watchdog have backed the recently announced statutory instrument barring foreign investors from setting up business with low capital outlays. Nearly a...
By Business reporter | Published: 10 June 2013
Pearl Properties missed the occupancy target for the first 4 months of 2013 achieving 78.87% against a projection of 83.26%, group MD Francis Nyambiri told the AGM this morning. "We were t...
By Business reporter | Published: 10 June 2013
BAT volumes are down 16% following the increase in prices after Treasury raised excise duty on cigarettes, MD Lovemore Manatsa has said. Manatsa told the AGM that owing to the liquidity challenges t...
By financial express | Published: 10 June 2013
Air Zimbabwe has leased a 50-seater Embraer jet that is now servicing its domestic routes as it seeks to offer cost-effective services to its passengers. The jet, which is one of the two that will be...
By Business reporter | Published: 10 June 2013
Two Zimbabwe-based operations boosted Tongaat Hulett 's improved operating profits, the company said in a statement. "The two Zimbabwe operations generated operating profit of R630m up from R62...
By Business reporter | Published: 10 June 2013
Restructuring of the People's Own Savings Bank has started, following the engagement of legal and financial advisors to facilitate the transaction, Parastatals and State Enterprises Minister Gorden M...
By Business Reporter | Published: 10 June 2013
Air Zimbabwe has introduced a leased Airbus A320 to its fleet to service the Harare - Johannesburg route.The plane has been in South Africa for mandatory safety tests and is one of the two Airb...
By New Ziana. | Published: 10 June 2013
Asbestos products manufacturer Turnall Holdings last week said low product demand in the first four months of the year resulted in a 10 percent slump in turnover compared to the same period last year...
By New Ziana. | Published: 10 June 2013
THE International Finance Corporation has snapped about 10,3 percent stake in ABC Holdings after exercising an option to convert a 78 million pula (US$9,2 million) loan to the banking group into equi...
By Business Reporter | Published: 10 June 2013
ZIMBABWE is losing over $50 million worth of gold every month to smuggling activities, according to the Minerals Marketing Corporation of Zimbabwe (MMCZ).Owing to the inability of government to finan...
By Business reporter | Published: 10 June 2013
Jericho Advertising was honoured tonight at South Africa's prestigious AdReview Awards Ceremony in Johannesburg, walking away with the Africa Advertising Agency of The Year Award.Jericho CEO, Denf...
By Own correspondent | Published: 10 June 2013
The Bon Marche supermarket chain in Harare, Zimbabwe, held its fourth Aerobathon on Saturday the 23rd of March 2013. The aim was to promote a healthy lifestyle for Bon Marche customers in a fun and f...
By OK Zimbabwe | Published: 10 June 2013
The OK supermarket chain in Zimbabwe celebrated the opening of its new Wynne Street branch in Harare on Thursday the 9th May 2013. OK's valued partner suppliers were on hand to provide a carnival atm...
By Staff reporter | Published: 10 June 2013
Air Zimbabwe has taken delivery of an Airbus A320 which is expected to ply the Johannesburg route.The plane, which was going under routine maintenance and safety checks Thursday at the Harare Interna...
By Staff Reporter | Published: 10 June 2013
SeedCo is seeing more cash being generated by the business as the stock holding levels are being reduced, Chief Executive Officer Morgan Nzwere told analysts at a briefing yesterday.The group's sale...
By Business reporter | Published: 10 June 2013
Turnall saw a rebound in sales and demand in the month of April and grew sales for that month to bring volume deficit down from the 16% in Q1 to 6% for the year to April 2013, MD John Jere told the A...
By Business reporter | Published: 10 June 2013
Lafarge's performance in the first 4 months was unchanged with revenue of $21.7 million, almost the same figure posted in the comparative period, MD Jonathan Shoniwa told the AGM this morning. "...
By Business reporter | Published: 10 June 2013
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Second International Airport for Harare 
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Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
