MINING & RETAIL

Coal miners cry foul over mining fees

COAL miners in Hwange have cried foul over government's exorbitant land rental fees, which they claimed frustrated development in the mining sector.Peter Mutsinya, chief executive officer of Liberatio...

By Staff reporter | Published: 10 May 2018

MINING & RETAIL

Sino-Zim Cement pins hopes on public projects

GWERU-based cement manufacturer, Sino Zimbabwe Cement Company (SZCC), hopes for improved turnover once infrastructural development deals signed between Zimbabwe and China take off.SZCC is a joint vent...

By Staff reporter | Published: 10 May 2018

FINANCIAL SERVICES

Bankers elect new president, deputy

THE Bankers Association of Zimbabwe (BAZ) has elected FBC Bank managing director, Mr Webster Rusere, as its president taking over from Dr Charity Jinya. He would lead the organisation for two years an...

By Staff reporter | Published: 10 May 2018

TRANSPORT & TOURISM

NRZ operational capacity peaks

Leased equipment from Transnet has stabilised the National Railways of Zimbabwe (NRZ)'s operational capacity, enabling the parastatal to reach a peak in its operations.President Emmerson Mnangagwa in ...

By Staff reporter | Published: 09 May 2018

MINING & RETAIL

Lafarge banks on affordable housing

LAFARGE Cement Zimbabwe is prospecting for affordable housing projects in and around Harare after it delivered 85 housing units in the capital.The company's communications manager, Tsungie Manyeza tol...

By Staff reporter | Published: 09 May 2018

MINING & RETAIL

PPC's general manager dies

PRETORIA Portland Cement (PPC) Colleen Bawn general manager Allan Tshabangu has died after being involved in a car crash near Inyathi in Bubi District Matabeleland North.The accident is said to have o...

By Staff reporter | Published: 09 May 2018

INDUSTRIALS & ENERGY

Delta Beverages left with 1 week's supply of beer

Imbibers and soft drink lovers are headed for hard times as the products are fast running out on supermarket shelves amid revelations that the country's biggest producer, Delta Beverages was left with...

By Staff reporter | Published: 09 May 2018

MINING & RETAIL

Copper falls due to a stronger dollar

Copper prices fell on Tuesday as the effect of a strengthening dollar overshadowed positive trade data from China, the world's largest consumer and producer of industrial metals.Chinese imports and ex...

By Reuters | Published: 08 May 2018

FINANCIAL SERVICES

Zimswitch eyes new platform for bulk payments

ZIMSWITCH is in final stages to introduce an electronic transacting system for bulk payments to relieve pressure on the Real Time Gross Settlement (RTGS) system.Zimswitch deputy general manager Zabron...

By Staff reporter | Published: 08 May 2018

FINANCIAL SERVICES

Banks urged to offer affordable financial services

BANKS have been urged to capitalise on technological developments, share information and offer affordable financial services to consumers to promote financial inclusion.The call was made by Reserve Ba...

By Staff reporter | Published: 08 May 2018

FINANCIAL SERVICES

Barclays' loan book improves

BARCLAYS Bank of Zimbabwe says its non-performing loans stood at 2,2% at the end of 2017, a reflection of a quality loan book, the bank's head of customer service and corporate affairs, Emily Nemapare...

By Staff reporter | Published: 08 May 2018

INDUSTRIALS & ENERGY

URL says demand up for vegetable juices

AGRO-PROCESSING company, United Refineries Limited (URL), is struggling to keep up with demand for its newly introduced product - vegetable juices, chief executive officer, Busisa Moyo has said.Recent...

By Staff reporter | Published: 08 May 2018

INDUSTRIALS & ENERGY

National Foods launches new product

NATIONAL Foods will, this month, launch its new product - Mixed Grain - as it seeks to consolidate its position in the local market.National Foods sales manager, Sarudzai Muzorori told Southern Eye th...

By Staff reporter | Published: 08 May 2018

FINANCIAL SERVICES

ZHL bounces back to profitability

ZIMRE Holdings Limited (ZHL) has overturned its loss-making position by $4,36 million for the financial year ending December 31, 2017 on the back of cost reduction and an improvement in incomes from i...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

Govt intensifies drive to boost domestic tourism

GOVERNMENT is engaging tourism players with a possibility of reducing prices of hotel accommodation and activities to be affordable to locals as the drive to promote domestic tourism intensifies.Touri...

By Staff reporter | Published: 08 May 2018

MINING & RETAIL

Prospect Resources builds lithium plant in Kwekwe

ZIMBABWE has moved a step closer to lithium value addition, as enunciated by President Emmerson Mnangagwa, following installation of a pilot lithium carbonate plant in Kwekwe by Australian-listed mini...

By Staff reporter | Published: 08 May 2018

INDUSTRIALS & ENERGY

Sable Chemicals targets 30k tonnes fertiliser

Ammonium Nitrate (AN) manufacturer Sable Chemicals is targeting to produce about 30 000 tonnes of fertiliser ahead of the winter cropping season, an official has said.Sable Chemicals chief executive M...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

RBZ releases $450k daily for tobacco farmers

The Reserve Bank of Zimbabwe (RBZ) says it is disbursing $450 000 daily to banks with branches at tobacco auction floors to ensure farmers access cash.This comes following an outcry from farmers who a...

By Staff reporter | Published: 08 May 2018

MINING & RETAIL

Hwange mulls selling town, houses

The country's oldest coal mining firm, Hwange Colliery Company Limited (HCCL), is considering selling the town for $300 million as part of efforts to raise funds to off-set its obligations with a numb...

By Staff reporter | Published: 08 May 2018

MINING & RETAIL

Hwange requires $500m capital injection

Hwange Colliery Company Limited's (HCCL) management is set to meet Mr Nicholas van Hoogstraten, one of its major shareholders today to discuss possibilities of him injecting fresh working capital into...

By Staff reporter | Published: 08 May 2018

MINING & RETAIL

Zim miner to produce battery grade lithium

A Zimbabwean mining company is considering upgrading a local nickel refinery to produce battery grade lithium or alternatively build a new lithium carbonate plant at a cost of up to $150 million, its ...

By Reuters | Published: 07 May 2018

CONSTRUCTION & PROPERTY

ZPI declares $515 000 dividend

ZIMRE Property Investment Limited (ZPI) has declared a $515 000 dividend for the full year to December 31, 2018 spurred by a commendable performance during the period under review.This was after the p...

By Staff reporter | Published: 07 May 2018

TELECOMS & TECHNOLOGY

Mcebisi Jonas joins MTN board

MTN Group announced on Monday that former deputy finance minister Mcebisi Jonas and businesswoman Bajabulile Swazi Tshabalala have joined its board as independent non-executive directors.Jonas, 58, wh...

By Fin24 | Published: 07 May 2018

LANDS & AGRICULTURE

+70 Zim farmers in Zambia yearn to return home

Over 70 Zimbabwean white commercial farmers living in Zambia are yearning to return home and assist redevelop the agriculture sector in the once Southern African Development Community bread basket.The...

By Staff reporter | Published: 07 May 2018

TELECOMS & TECHNOLOGY

Econet hails broadcast license in Zimbabwe

Econet Media has received Zimbabwe government permission to broadcast television and video content in its home nation via its Kwesé TV division.The new licence covers video-on-demand, web casting and...

By Staff reporter | Published: 07 May 2018
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