TRANSPORT & TOURISM

Efforts to revive NRZ gather momentum

GOVERNMENT and a consortium led by the Diaspora Infrastructure Development Group (DIDG) and South Africa's Transnet, have signed a framework of agreement as efforts to revive the National Railways of ...

By Staff reporter | Published: 17 January 2018

FINANCIAL SERVICES

Time Bank to re-open

TIME Bank says it is determined to re-establish its services and contribute to economic development of the country following its reinstatement by the Reserve bank of Zimbabwe (RBZ).The commercial bank...

By Staff reporter | Published: 17 January 2018

MINING & RETAIL

Mugabe to be grilled over missing $15 billion

FORMER President Robert Mugabe is set to appear before Parliament to expand on the allegations he made in 2016 that $15 billion worth of diamond revenue went missing.The issue came out yesterday in Pa...

By Staff reporter | Published: 16 January 2018

INDUSTRIALS & ENERGY

Tongaat Hulett to pay staff bonuses

SUGAR producer, Tongaat Hulett Zimbabwe has resolved to pay bonuses to its workers.This is despite the fact that the company has been entangled in labour disputes which saw massive strikes that affect...

By Staff reporter | Published: 16 January 2018

MINING & RETAIL

Blanket Mine produces record 56 000 ounces

GWANDA-BASED gold mining concern, Blanket Mine last year achieved a record production of 56 135 ounces, a figure higher than the firm's production guidance of 56 000 ounces.In a statement, the gold mi...

By Staff reporter | Published: 16 January 2018

MINING & RETAIL

Zim diamond industry targets 4,6 million carats

The diamond sector is targeting to produce a combined output of 4,6 million carats in 2018 after setting aside an investment envelope of $130 million in an effort to increase production.The target com...

By Staff reporter | Published: 16 January 2018

MINING & RETAIL

Mahomed Mussa denies cash stashing allegations

Mahomed Mussa, arguably one of Zimbabwe's largest wholesalers, has denied allegations it stashes cash "under the pillow," saying it deposits its cash with local banks in line with the country's moneta...

By Staff reporter | Published: 16 January 2018

FINANCIAL SERVICES

'Bank deposits up'

The number of people making bank deposits has increased significantly in the past three weeks, President Emmerson Mnangagwa has said.The Head of State and Government said a banking culture is importan...

By Staff reporter | Published: 16 January 2018

INDUSTRIALS & ENERGY

Delta revenue jumps 24%

DELTA Corporation says revenue jumped 24 percent for the quarter to December 31, 2017 and 9 percent for the nine months due to strong demand on renewed hope of economic recovery after political change...

By Staff reporter | Published: 16 January 2018

INDUSTRIALS & ENERGY

David Whitehead to re-open after $2m govt injection

Government has injected $2 million into David Whitehead to resume operations. David Whitehead, a large textile firm that used to employ 2 500 people in Chegutu, 100km southwest of Harare, collapsed in...

By Staff reporter | Published: 16 January 2018

FINANCIAL SERVICES

Nicolaas Kruger 'steps down' at MMI Holdings

The Board of MMI Holdings has announced that Nicolaas Kruger will be stepping down as CEO of MMI Holdings with effect from 15 February 2018. This decision comes after a few months of discussions betw...

By MMI | Published: 17 January 2018

FINANCIAL SERVICES

Time Bank turns heat on Gono

Time Bank will let bygones be bygones provided the Reserve Bank of Zimbabwe (RBZ) honours its side of the bargain, but has turned the heat on former governor Gideon Gono for the manner in which he han...

By Staff reporter | Published: 16 January 2018

MINING & RETAIL

Caledonia gold production rises 11,4% in 2017

CALEDONIA Mining Corporation Plc has achieved a full year gold production of 56 135 ounces (1,59 tonnes), up 11,4% from the 2016 output despite a slow production in the first half of 2017, the company...

By Staff reporter | Published: 16 January 2018

INDUSTRIALS & ENERGY

Mnangagwa vows to resuscitate Ziscosteel

Government is working on modalities to resurrect the "sleeping" iron and steel giant Ziscosteel within the first 100 days of Emmerson Mnangagwa's presidency.Addressing chiefs in the Midlands capital, ...

By Staff reporter | Published: 15 January 2018

MINING & RETAIL

Small-scale miners want SA rand

MINING suppliers are lobbying government to adopt the rand as South Africa was the country's biggest trading partner, in its attempt to kick-start the economy.The Zimbabwe Miners' Federation (ZMF) sai...

By Staff reporter | Published: 15 January 2018

MINING & RETAIL

Miners to lobby Govt

THE Zimbabwe Miners' Federation (ZMF) says it will lobby the Government to release the $50 million loan meant to facilitate the revival of Bulawayo companies that manufacture mining equipment.The loan...

By Staff reporter | Published: 15 January 2018

TRANSPORT & TOURISM

Tourism sector poised for growth

Government has identified projects and programmes to sustain growth in the tourism sector as part of the 100-day targeted plan driven by President Emmerson Mnangagwa.Briefing stakeholders in the touri...

By Staff reporter | Published: 15 January 2018

LANDS & AGRICULTURE

Tobacco registrants hit 100 000 mark

Tobacco farmers' registration has reached the 100 000 mark, an increase of 40 percent, the Tobacco Industry and Marketing Board's latest weekly bulletin has revealed.According to the TIMB statistics, ...

By Staff reporter | Published: 15 January 2018

MINING & RETAIL

Miners scramble for Gold Development Fund

The Gold Development Fund (GDF) that was introduced by the Reserve Bank of Zimbabwe to capacitate small-scale gold miners, has been oversubscribed resulting in $80 million being disbursed to miners la...

By Staff reporter | Published: 15 January 2018

INDUSTRIALS & ENERGY

Govt to build service stations in Harare, Masvingo

The State Procurement Board (SPB) has invited qualified contractors to submit sealed bids for construction of service stations in Masvingo and Harare.The tender invites are contained in a Government G...

By Staff reporter | Published: 14 January 2018

TRANSPORT & TOURISM

NRZ-BBR in wagons refurbishment deal

THE National Railways of Zimbabwe (NRZ) has entered into an agreement to refurbish 25 of its wagons at a cost of $375 000 for use by Bulawayo-Beitbridge Railways (BBR).NRZ public relations manager Mr ...

By Staff reporter | Published: 14 January 2018

MINING & RETAIL

'Minister looted Chiadzwa diamonds'

The Zimbabwe Anti-Corruption Commission has opened fresh investigations into former Mines and Mining Development Minister Walter Chidhakwa over diamonds that allegedly disappeared from Government vaul...

By Staff reporter | Published: 14 January 2018

TELECOMS & TECHNOLOGY

Kwese licence limbo sparks unease

Econet Media has reportedly activated its "contractual termination clause" with Dr Dish, the licence holder on the back of whom they were running their Kwese TV services in Zimbabwe.This has had the e...

By Staff reporter | Published: 14 January 2018

MINING & RETAIL

Shabanie and Mashaba Mine to be resuscitated

Government plans to raise funds to resuscitate Shabanie and Mashaba Mine (SMM) in Zvishavane from the sale of reprocessed dump, which is expected to result in the immediate employment of 350 workers.M...

By Staff reporter | Published: 14 January 2018

TELECOMS & TECHNOLOGY

NetOne recruits 1000 ambassadors

Mobile telecommunications giant, NetOne, is recruiting over 1 000 brand ambassadors nationwide to market its mobile money platform, OneMoney.The recruitment exercise has been completed in Harare and B...

By Staff reporter | Published: 12 January 2018

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