CONSTRUCTION & PROPERTY

Victoria Falls mall 65% complete

ZIMRE Property Investment (Zimre) has so far spent $9,2 million on its shopping mall in Victoria Falls which is now 65% complete.Providing above 5 000 square metres of lettable space, the $13 million ...

By Staff reporter | Published: 03 December 2018

FINANCIAL SERVICES

CABS is the top bank

FINANCE minister Mthuli Ncube has urged banks to diversify and develop business models tailored to meet special requirements of the unbanked and underserved segments of the population.Ncube was speaki...

By Staff reporter | Published: 03 December 2018

INDUSTRIALS & ENERGY

ZPC to recruit +100 workers

THE Zimbabwe Power Company (ZPC) intends to recruit more than 100 workers on a fixed term contract of up to 36 months for the Hwange Thermal Power Station expansion project.In March this year, Preside...

By Staff reporter | Published: 03 December 2018

TRANSPORT & TOURISM

Shearwater acquires up-market cruise boat

SHEARWATER Adventures has acquired a 100-seater up-market cruise boat to cater for executives.The two-deck boat was manufactured by a Bulawayo company at a total cost of about $500 000 and is now in V...

By Staff reporter | Published: 03 December 2018

TELECOMS & TECHNOLOGY

Shareholders approve Cassava demerger, separate listing

SHAREHOLDERS of Econet Wireless have approved the demerger of Cassava SmarTech from Econet Wireless Zimbabwe Limited, paving the way for the listing of a new diversified technology business called Cas...

By staff reporter | Published: 03 December 2018

TRANSPORT & TOURISM

25% tourism jump in Zimbabwe

The Zimbabwe Parks and Wildlife Management Authority (Zimparks) has registered a 25 percent jump in tourist arrivals at its resorts for the period January to October 2018, compared to the same period ...

By The Sunday Mail | Published: 03 December 2018

INDUSTRIALS & ENERGY

Nampak reports profit jump

Zimbabwe Stock Exchange listed packaging company Nampak Zimbabwe (Nampak) profit for the year up to September  jumped 89,3 percent to $14,5 million from $7,6 million in the prior period despite d...

By Staff reporter | Published: 03 December 2018

MINING & RETAIL

Mashonaland East revels in lithium mine

Minister of State for Mashonaland East Provincial Affairs Appolonia Munzverengi has applauded the new dispensation's "Zimbabwe is Open for Business" mantra, saying it is yielding positive results in h...

By Staff reporter | Published: 03 December 2018

MINING & RETAIL

Fidelity Printers issues 21 gold buying licences

THE country's sole gold buyer and exporter, Fidelity Printers and Refiners (FPR) has issued 21 gold buying licences to the Zimbabwe Miners Federation (ZMF) as part of its concerted efforts to mop up t...

By Staff reporter | Published: 02 December 2018

MINING & RETAIL

No change for Zimbabwe platinum, diamond ownership rules

Zimbabwe does not plan to change its ownership rules for diamonds and platinum, Mines and Mining Development Minister, Winston Chitando, said on Monday. Although some miners are hoping the country wil...

By Reuters | Published: 30 November 2018

MINING & RETAIL

Prospect seeks SEZ status for lithium project

PROSPECT Lithium Zimbabwe (PLZ), a unit of Australia Stock Exchange-listed Prospect Resources Plc, has applied for special economic zone status (SEZ) for its multi-million dollar Arcadia Lithium proje...

By Staff reporter | Published: 30 November 2018

INDUSTRIALS & ENERGY

Axia goes to bed with Restapedic

AXIA Corporation has acquired a significant stake in one of the suppliers of its subsidiaries, Restapedic Bedding, the chief executive John Koumides has said.Koumides said at a time a lot of businesse...

By Staff reporter | Published: 30 November 2018

TRANSPORT & TOURISM

New cruise boat for Victoria Falls

SHEARWATER Adventures has acquired a 100-seater up-market cruise boat to cater for executive tourist clientele. The two-deck boat was manufactured by a Bulawayo company at a cost of about $500 000 and...

By Staff reporter | Published: 30 November 2018

INDUSTRIALS & ENERGY

Axia upbeat despite tough economic environment

AXIA Corporation Limited says it sees greater opportunities going forward helped by struggling competitors as the going gets tough economically.Zimbabwe is struggling with acute cash shortages and loc...

By Staff reporter | Published: 30 November 2018

FINANCIAL SERVICES

CABS come tops Banks and Banking survey

CABS emerged the top-performing bank at this year's edition of the Zimbabwe Independent Banks and Banking Survey ceremony, which was held in Harare last night.CBZ was the first runner-up, followed by ...

By Staff reporter | Published: 30 November 2018

MINING & RETAIL

PPC hit hard by foreign currency crisis

PPC Zimbabwe Ltd is stuck with R896 million (US$64,2 million) due to its parent company after the local company failed to remit rights issue proceeds and other amounts due to the Johannesburg Stock Ex...

By Staff reporter | Published: 30 November 2018

LANDS & AGRICULTURE

New funding model for Zimbabwe agriculture

Zimbabwe is prepared to provide guarantees to banks that will be financing agriculture to help plug the funding gap to the sector, according to Finance and Economic Development Minister Mthuli Ncube. ...

By Business Weekly | Published: 30 November 2018

BUSINESS NEWS

Mthuli Ncube exemptions on 2% tax

TREASURY has proposed further exemptions to the Intermediated Money Transfer Tax of two cents per dollar transacted following widespread stakeholder concerns and the need to ease cost of doing busines...

By Staff reporter | Published: 28 November 2018

MINING & RETAIL

Caledonia praises Mnangagwa

AIM-listed mining group, Caledonia Mining Corporation, has showered praises on the Government for taking bold steps in implementing investment reforms which will add impetus to attracting investors an...

By Staff reporter | Published: 28 November 2018

MINING & RETAIL

Relief for small-scale miners

Government has scrapped consultation fees for small-scale miners to obtain Environmental Impact Assessment certificates. The Environmental Management Agency has since designed an Environmental Managem...

By Staff reporter | Published: 28 November 2018

BUSINESS NEWS

Zimpost enters new era

The new Government led by President Mnangagwa is committed to the growth of the postal and courier services sector and ultimately the provision of the same to all, Information Communication Technology...

By Staff reporter | Published: 28 November 2018

BUSINESS NEWS

Negligence costs Parirenyatwa Hospital $27 000

NEGLIGENCE by doctors at Parirenyatwa Group of Hospitals which resulted in a patient suffering a bile leak has proved costly after the High Court ordered the public institution to pay damages amountin...

By Staff reporter | Published: 28 November 2018

TRANSPORT & TOURISM

Govt mulls tourism fund

Government is mulling setting up a tourism revolving fund to support players in the sector to access credit facilities to boost big projects, Environment, Tourism and Hospitality Industry Minister Pri...

By Staff reporter | Published: 28 November 2018

MINING & RETAIL

Arcadia Lithium Mine to create 1 000 jobs

President Mnangagwa has officiated at the ground breaking ceremony of the Arcadia Lithium Mine in Chikwaka, Goromonzi that is expected to have an initial investment of $ 165 million. The project is ex...

By Staff reporter | Published: 28 November 2018

INDUSTRIALS & ENERGY

Tongaat Hulett sugar output increases 9%

TONGAAT Hulett's revenue for the six month period ended 30 September 2018 increased by 29 percent to $93,2 million up from $72,4 million during the corresponding period in 2017 underpinned by a spike ...

By Staff reporter | Published: 27 November 2018
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