TRANSPORT & TOURISM

Tourism recovery drives Dawn revenue

DAWN Properties Limited (Dawn) revenue from hotel property leases went up 30,6 percent to $1,52 million during the six months ended June 30, 2018 on the back of increased occupancy at the hotels as de...

By Staff reporter | Published: 06 September 2018

FINANCIAL SERVICES

Zimbabwe banks opt for investment securities

ZIMBABWEAN banks are slowly increasing capital allocation towards investment securities after controlled lending rates put pressure on the sector's profits in the half year to June 2018, The Financial...

By Staff reporter | Published: 06 September 2018

FINANCIAL SERVICES

Agribank close to securing a strategic partner

Agribank recorded a profit after tax of $4,1 million for the half year to June 30, 2018 compared to $2,2 million recorded last year.THE Agriculture Development Bank of Zimbabwe (Agribank) says it is c...

By Staff reporter | Published: 06 September 2018

FINANCIAL SERVICES

Metbank opens exporters' hubs

METBANK has opened an exporters' hub in Harare aimed at stimulating the country's economic growth through increased production.This was after the bank had earlier in the year signed agreements with th...

By Staff reporter | Published: 06 September 2018

MINING & RETAIL

New mining status costs Zimplats

ZIMPLATS, the country's largest platinum miner, says its profits declined by 94 percent in the year to June 2018 after the company changed its status from a special mining lease (SML) holder to mining...

By Staff repporter | Published: 06 September 2018

MINING & RETAIL

Aurex doubles exports

AUREX Holdings (Aurex) has doubled its jewellery exports after inking international marketing agreements with companies such as Suzan General Trading (Suzan), officials say.This also comes as the firm...

By Staff reporter | Published: 06 September 2018

MINING & RETAIL

Edgars engaged in discussions that may impact share value

EDGARS Stores (Edgars) says it is engaged in discussions with an unnamed investor in a deal that may impact value of the company's shares.Buhlebenkosi Mpofu, the clothing retailer' company secretary, ...

By Staff reporter | Published: 06 September 2018

TRANSPORT & TOURISM

Govt urged to promote domestic tourism

GOVERNMENT has been urged to promote domestic tourism through a number of innovative initiatives, including concessionary support measures to low-wage earners.Speaking during the Professionals Busines...

By Staff reporter | Published: 06 September 2018

LANDS & AGRICULTURE

NRZ sues GMB over $710,000 rental arrears

NATIONAL Railways of Zimbabwe (NRZ) has petitioned the High Court seeking an order to compel the Grain Marketing Board (GMB) to pay $710 696 in rental arrears and another order to evict the parastatal...

By Staff reporter | Published: 06 September 2018

INDUSTRIALS & ENERGY

Fuel shortage rocks Zimbabwe

ZIMBABWE'S economic challenges continue to mount with key towns, Beitbridge and Victoria Falls, running out of fuel.The fuel shortage comes at a time the country is facing a wave of price increases, w...

By Staff reporter | Published: 06 September 2018

LANDS & AGRICULTURE

Zimbabwe plunges into wheat crisis

ZIMBABWE was by yesterday left with less than a month of wheat stocks after a United Kingdom-based supplier held back a 30 000-tonne consignment at Mozambique's port of Beira until payment is confirme...

By Staff reporter | Published: 06 September 2018

MINING & RETAIL

Govt gets tough on reckless chrome miners

THE Ministry of Mines and Mining Development has put chrome miners under close watch following concerns over mushrooming of highway operations that threaten roads and pose risks to humans and animals....

By Staff reporter | Published: 06 September 2018

TRANSPORT & TOURISM

Joshua Nkomo honour lights up Bulawayo

A MULTITUDE yesterday flooded the streets of Bulawayo, bringing much activity to the usually serene city, as residents joined an organised procession along historic sites in memory and honour of the l...

By Staff reporter | Published: 06 September 2018

MINING & RETAIL

4 injured in shooting at illegal gold mine

Police in Mashonaland East Province have arrested three security guards from Braising Security Company for shooting illegal gold miners at Arcturus Mine in Goromonzi over the week-end. The guards shot...

By Staff reporter | Published: 06 September 2018

TRANSPORT & TOURISM

African Sun profit up 672%

Hospitality group, African Sun Limited, reported earnings growth for the half year to June 30, 2018 as operating profit surged 672 percent to $3,8 million on good business during election period. Reve...

By Staff reporter | Published: 06 September 2018

INDUSTRIALS & ENERGY

Delta invests $260k in road upgrade

Delta Corporation, a key player in economic development, has invested over $260 000 towards the upgrade of a road junction that links its Fairbridge Chibuku Super plant with the Harare-Bulawayo Highwa...

By Staff reporter | Published: 06 September 2018

TRANSPORT & TOURISM

Huge turnout at Sanganai-Hlanganani expo

Several companies were still trickling to Bulawayo yesterday for the on-going 11th edition of the Sanganai/Hlanganani World Tourism Expo, which has received overwhelming response from local exhibitors...

By Staff reporter | Published: 06 September 2018

FINANCIAL SERVICES

Zamco acquires $1,1billion NPLs

The Zimbabwe Asset Management Company (Zamco), a special purpose vehicle created by the Reserve Bank of Zimbabwe (RBZ) to rid the banking sector of non-performing loans (NPLs), has so far acquired $1,...

By Staff reporter | Published: 27 July 2018

INDUSTRIALS & ENERGY

Zim makes inroads on electric vehicles

Zimbabwe, the first and only African country to successfully set up a lithium-ion battery carbonate plant, is poised for a major role in the trillion dollar electric vehicles (EV) industry as it emerg...

By Staff reporter | Published: 27 July 2018

INDUSTRIALS & ENERGY

Increased sales volumes spur BAT profit

BRITISH American Tobacco (BAT) has recorded a 60,68% jump in profit-after-tax (PAT) from $4,61 million to $7,41 million for the half year period ended June 30, 2018.The profits were driven by increase...

By Staff reporter | Published: 27 July 2018

INDUSTRIALS & ENERGY

Govt blames fuel crisis on foreign currency shortages

ENERGY minister Simon Khaya Moyo yesterday blamed the crippling fuel shortages being faced by the nation on late foreign currency allocation and ethanol shortage.Khaya Moyo told journalists in Bulaway...

By Staff reporter | Published: 27 July 2018

TRANSPORT & TOURISM

Bulawayo gears for tourism growth

PLAYERS in Bulawayo's tourism industry in collaboration with the Zimbabwe Tourism Authority (ZTA) have embarked on an aggressive awareness programme to market tourism products in the city.The initiati...

By Staff reporter | Published: 27 July 2018

LANDS & AGRICULTURE

Poultry industry restocks after bird flu

THE poultry sector has embarked on an aggressive restocking programme after the outbreak of avian influenza that hit Zimbabwe last year.As a result of the avian influenza at one of the country's bigge...

By Staff reporter | Published: 27 July 2018

MINING & RETAIL

Unki Mine smelter nears completion

Anglo American Platinum's local unit, Unki Mine, anticipates completion of its smelter project in the third quarter of 2018 and is expected to create employment and contribute towards economic growth....

By Staff reporter | Published: 27 July 2018

INDUSTRIALS & ENERGY

Millions lost through scrap metal exports

Zimbabwe could save at least $11 million per month and hundreds of jobs if it stops exporting scrap metal and beneficiate it locally, the Zimbabwe Institute of Foundrymen (ZIF) has said. The foundry i...

By Staff reporter | Published: 27 July 2018
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