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

INDUSTRIALS & ENERGY

India to offer Zimbabwe jewellery manufacturing scholarships

THE Indian Institute of Gems and Jewellery (IIGJ) in Jaipur has made a commitment to help Zimbabwe acquire skills in jewellery designing and has proposed to offer scholarships to Zimbabwean students w...

By Staff reporter | Published: 27 November 2018

MINING & RETAIL

Premier converts $300k director's loan

MULTI-COMMODITY mining and natural resource development company, Premier African Minerals, has converted a $300 000 loan availed by one of its directors, Mr George Roach, into new ordinary shares. Pre...

By Staff reporter | Published: 27 November 2018

MINING & RETAIL

Edgars Zimbabwe customers win big in fashion extravaganza

THE annual Edgars Fashion Extravaganza's show curtains came down in Harare on Saturday as Zvishavane-based Nelly Mariri scooped the $10 000 grand prize at the promotion's grand draw.The ultimate winne...

By Staff reporter | Published: 26 November 2018

LANDS & AGRICULTURE

Adopt good agronomic practices, farmers urged

FARMERS, particularly in dry regions, have been challenged to adopt good agronomic practices in order to reduce the effects of climate change.SeedCo agronomy and extension service manager John Bhasera...

By Staff reporter | Published: 26 November 2018

BUSINESS NEWS

Pharmacists heed govt warning on US$ pricing

PHARMACEUTICAL companies yesterday said they had heeded government's directive to stop demanding hard currency for drugs, but pleaded with the Reserve Bank of Zimbabwe to consistently allocate them ad...

By Staff reporter | Published: 26 November 2018

MINING & RETAIL

Scrap Fidelity's gold monopoly, says Parly committee

THE Parliamentary Portfolio Committee on Mines and Mining Development has urged government to remove Fidelity Printers and Refiners (FPR)'s monopoly as the sole gold buyer to promote competition. FPR ...

By Staff reporter | Published: 26 November 2018

BUSINESS NEWS

CTC condemns ZETDC, CAFCA barter agreement

THE Competition and Tariff Commission (CTC) has condemned the barter agreement between the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and electrical cable supplier CAFCA accusi...

By Staff reporter | Published: 26 November 2018

TRANSPORT & TOURISM

Victoria Falls luxury boutique hotel officially re-launched

VICTORIA Falls' Stanley and Livingstone Boutique Hotel has been officially re-launched following a refurbishment exercise at a cost of $4 million. The Minister of Environment, Tourism and Hospitality ...

By Staff reporter | Published: 26 November 2018

INDUSTRIALS & ENERGY

Simbisa shelves LSE listing plans

Quick service restaurant (QSR) group, Simbisa Brands Limited's plans for a secondary listing on the London Stock Exchange have been put on hold as the market is currently not conducive for the transac...

By Staff reporter | Published: 26 November 2018

TRANSPORT & TOURISM

Relief for Zimbabwe car importers

The Zimbabwe Revenue Authority (Zimra) has thrown a lifeline to private motor vehicle buyers who paid for car imports on or before November 22, 2018, exempting them from mandatory duty in foreign curr...

By Staff reporter | Published: 25 November 2018
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