LANDS & AGRICULTURE

CSC to breed 14 000 cows and 360 bulls

The Cold Storage Company will soon embark on a project to breed 14 000 cows and 360 bulls at its ranches countrywide, a Cabinet minister has said.In a report presented before a Parliamentary Portfol...

By Staff Reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecel introduces Broadband Plus with 100% bonus data

Telecel is now giving subscribers double the data they pay for when they buy data bundles worth $10 or more. It is also giving away 300 Mb of data and 30 text messages with its dongle, which now co...

By Matthews Estell | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet donates 4 700 solar lamps to charities

Econet Wireless last week donated 4 700 solar lamps to various charities to help alleviate the current electricity shortages affecting the country.Speaking at the handover ceremony of the lamps in H...

By staff Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe to acquire new aircraft from Brazilian company

STRUGGLING national airline Air Zimbabwe plans to acquire two new Embraer aircraft to service its domestic and regional routes as it seeks to turn around its fortunes, well-placed sources said this ...

By Business reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Zimplow targets $100 million turnover by 2015

Zimplow Holdings Limited is targeting $100 million turnover by 2015 amid negotiations by the group with some financiers to provide tractors and other implements on an asset based finance scheme, gr...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Standard Chartered Bank committed to Bulawayo industry revival

STANDARD Chartered Bank Zimbabwe is committed to supporting the revival of industries in Bulawayo and will continue facilitating the development and growth of the economy, the bank's chairman, Mr Sa...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Standard Bank says wants to keep majority of Stanbic

South Africa's Standard Bank wants to keep a majority stake in its Zimbabwean unit, its new joint chief executive said on Thursday, despite Harare's demand to hand control to local blacks.Zimbabwe i...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet to open an outlet in SA's Hillbrow

ECONET Wireless Zimbabwe is to extend its footprint into South Africa, with plans to open a new shop in Johannesburg to serve its Zimbabwean clients, BusinessDay reported.Econet's first shop in Sout...

By Staff reporter | Published: 10 June 2013

MINING & RETAIL

Zimplats will not abandon its operations in the country

ALEX Mhembere, CEO of Impala Platinum's (Implats') unit in Zimbabwe says Zimplats will not abandon its operations in the country despite the fresh waves of uncertainty the company is facing.Mhember...

By miningmx | Published: 10 June 2013

FINANCIAL SERVICES

Stanchart opens another branch in Bulawayo

Standard Chartered Bank has added a second branch in Bulawayo with officials saying the financial institution is playing its role in the industrial revival of the city. The bank plans to invest $10...

By Staff reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

PPC secures $200m for its second plant in Zimbabwe

PPC Zimbabwe, the country's largest cement producer, says it has secured US$200 million to build a second plant in Mount Darwin. Chief executive Mr Zak Limbada said drilling was in full swing and wo...

By Business Reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Obert Mpofu's bank embarks on housing project

At least 1 500 low-income earners are set to benefit from residential stands that will be launched by the Allied Bank in conjunction with the Zimbabwe Amalgamated Housing Assocation in Norton on Sat...

By Business Reporter | Published: 10 June 2013

MINING & RETAIL

Govt working on new mining laws

GOVERNMENT is working on new regulations that will force mining companies to add value to their minerals before export. Failure to heed the new orders will attract high royalty fees. Mines and Minin...

By Staff Reporter | Published: 10 June 2013

MINING & RETAIL

Implats contests Zimbabwe land grab

Impala Platinum Holdings Limited says it will engage its lawyers on the recent compulsory acquisition of 28 000 hectares of Zimplats platinum reserves by the government of Zimbabwe.In a statement is...

By Business reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe to resume international flights in July

AIR ZIMBABWE board chairman Ozias Bvute says the national airline will resume international flights to London in July this year after beefing up its fleet as part of its turnaround strategy.Bvute m...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Truworths improves net bad debt collection system

Truworths is projecting single digit growth in sales this year while collection of receivables has improved vastly after the company beefed up the debt collection team, group CEO Themba Ndebele to...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Cyprus-based firm plans $4 billion platinum project

A Cyprus-based firm has expressed interest in setting up a $4 billion platinum mine following government's repossession of huge mining ground previously held by the country's top mining company. Kar...

By Staff reporter | Published: 10 June 2013

MINING & RETAIL

Innscor revenue projected to top $345 million

FINANCIAL analysts Renaissance Capital have projected Innscor Africa Limited's revenue to increase by 8 percent to US$345 million in the first six months of its financial period to December 31, 2012...

By Business Reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet is a world-class operation

The new board chairman for Econet Wireless Zimbabwe, James Myers, has described the company as a world-class operation that can stand "toe to toe" with operations from anywhere in the world.The vete...

By Staff reporter | Published: 10 June 2013

FINANCIAL SERVICES

Gono cancels Barbican Bank licence

THE Reserve Bank of Zimbabwe (RBZ) has cancelled the registration of Barbican Bank after it failed to commence banking business within the required time frame, the apex bank said on Friday.In a not...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Zimbabwe to announce reduced mining fees

Government is expected to announce reduced mining fees and levies this month, The Sunday Mail Business has established. Negotiations between Government, the Zimbabwe Chamber of Mines and the Zimbabw...

By Staff reporter | Published: 10 June 2013

MINING & RETAIL

Zimplats give 30 days to appeal land grab

Zimplats has been given 30 days to appeal a government directive that miner give up nearly 28ha of land believed to contain significant mineral claims, reported Business Day.Nearly 28ha of land leas...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Zim govt finalises repossession of platinum reserves

Government has finalised the repossession of the 28 000 hectares of ZIMPLATS reserves following the gazetting of General Notice 123 of 2013 giving effect to the compulsory acquisition of the plat...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

TelOne wins $16 million case

The Supreme Court has upheld a decision by an arbitrator ordering Gold Driven Investments to pay US$16,4 million to TelOne in settlement of a debt accrued in some tobacco selling deals between the p...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Ingwebu set to re-open most of its beer outlets

INGWEBU Breweries is set to re-open most of its beer outlets closed at the height of economic challenges as it completes the leasing of facilities under a franchise model.In an interview, Ingwebu Br...

By Staff Reporter | Published: 10 June 2013

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