MINING & RETAIL

Meikles back in the black

Zimbabwe Stock Exchange-listed conglomerate, Meikles Limited (Meikles), has bounced back to profitability after registering a $3,2 million profit in the half year to September 2017 compared to a loss ...

By Staff reporter | Published: 27 November 2017

FINANCIAL SERVICES

WorldRemit guarantees cash pick-up in Zimbabwe

Online money transfer company, WorldRemit, is guaranteeing its customers US dollars in cash for collection at Steward Bank branches across Zimbabwe.WorldRemit has been operating in Zimbabwe since 2010...

By Staff reporter | Published: 26 November 2017

LANDS & AGRICULTURE

Seed Co hails new dispensation

SEED CO group CEO Morgan Nzwere says the leadership change that has taken place in the country and the political and economic stability sweeping across African markets is good for business.Nzwere told...

By Staff reporter | Published: 26 November 2017

MINING & RETAIL

Black Friday craze hits Zimbabwe shoppers

VICTORIA FALLS and Hwange residents received a treat when a retail clothing chain reduced prices by up to 75 % in celebration of Black Friday.Shoppers stormed Edgars as early as 8am yesterday in celeb...

By Staff reporter | Published: 25 November 2017

TRANSPORT & TOURISM

Zimbabwe to attract more foreign airlines

Civil Aviation Authority of Zimbabwe (CAAZ) hopes to retire its debts through government's approved warehousing of legacy and shareholder loans scheme as the debt is slowing down the implementation of...

By Staff reporter | Published: 25 November 2017

LANDS & AGRICULTURE

Festive season poultry shortage fears

THE Zimbabwe Poultry Farmers' Association (ZPFA) says the country is likely to face a poultry shortage during the festive season although the supply of day old chicks is showing some signs of stabilit...

By Staff reporter | Published: 25 November 2017

INDUSTRIALS & ENERGY

Ziscosteel revival hope

KWEKWE and Redcliff residents are optimistic that the incoming President, Emmerson Mnangagwa, would spearhead the revival of Ziscosteel and bring the two towns back to life.Redcliff Mayor Councillor F...

By Staff reporter | Published: 25 November 2017

INDUSTRIALS & ENERGY

Starafrica increases production levels

Listed sugar refinery firm, starafrica corporation, has increased production capacity of crystalised sugar by 50 percent to 450 tonnes a day from 300 following the completion of its secondary plant up...

By Staff reporter | Published: 24 November 2017

MINING & RETAIL

Premier raises £1m for Zulu Lithium Project

AIM-traded multi-commodity mining and resource development company Premier African Minerals Limited has raised around £1 million for the advancement of its partly-owned Zulu lithium project in Zimbab...

By Staff reporter | Published: 23 November 2017

INDUSTRIALS & ENERGY

Schweppes to build new tomato puree plant in 2017

Schweppes Zimbabwe says it is targeting to build an additional tomato puree plant in 2017 to boost its output, and to enhance its exports into the region.Currently, Schweppes Zim's exports of tomato p...

By Staff reporter | Published: 23 November 2017

INDUSTRIALS & ENERGY

PPC turns down Fairfax, Afrisam deal off

South Africa-headquartered cement producer PPC Limited's board has rejected an offer by Fairfax Africa Investments to buy a stake in the company.The rejection has basically put an end to a merger prop...

By Staff reporter | Published: 23 November 2017

MINING & RETAIL

Mugabe ouster good for PGM metals

THE end of President Robert Mugabe's lengthy rule, through a calculated military intervention, could prove a boon for the country's platinum-group metals, mining experts have said.Zimbabwe, the world'...

By Staff reporter | Published: 23 November 2017

TELECOMS & TECHNOLOGY

NetOne reduces tariffs

State-owned mobile telecommunications firm, NetOne, has reduced tariffs for its OneFusion package as a response to the growing calls by subscribers for affordable data tariffs in line with regional tr...

By Staff reporter | Published: 23 November 2017

FINANCIAL SERVICES

AHFoZ pushes for fraud laws

Stakeholders in the health sector are pushing for healthcare fraud laws to curtail costs that are shooting through the roof as a result of underhand dealings crippling the industry.Zimbabwe is already...

By Staff reporter | Published: 23 November 2017

BUSINESS NEWS

Zimbabweans stash cash offshore

THE huge amounts of money held by Zimbabweans in foreign banks are a sign of the low confidence people have in the banking system, the Bankers Association of Zimbabwe president, Charity Jinya, has sai...

By Staff reporter | Published: 23 November 2017

TRANSPORT & TOURISM

Air Zimbabwe CEO fired

AIR Zimbabwe (AirZim) chief executive officer (CEO), Ripton Muzenda has been fired from the airline on charges of incompetence after refusing to implement a $2,4 million retrenchment programme as dire...

By Staff reporter | Published: 23 November 2017

BUSINESS NEWS

Zim needs immediate economic reforms - IMF

Zimbabwe must act quickly to dig its economy out of a hole and access international financial aid, the International Monetary Fund has warned.Government spending and foreign debt are too high and it n...

By BBC | Published: 23 November 2017

FINANCIAL SERVICES

POSB embarks on skills audit exercise

Financial services provider POSB, has embarked on a skills audit exercise as part of its restructuring programme, according to an internal memo seen by The Herald Business.The exercise-being conducted...

By Staff reporter | Published: 23 November 2017

INDUSTRIALS & ENERGY

RBZ injects $7,2m into Zimphos plant facelift

Zimphos is set to complete its plant facelift as the company expects an additional $2,2 million from Reserve Bank of Zimbabwe in addition to the $5 million that has already been disbursed.During a tou...

By Staff reporter | Published: 23 November 2017

MINING & RETAIL

Zimbabwe key minerals exports up 31%

Zimbabwe's exports of key minerals rose 31,5 percent in the 10 months to October this year, driven by an increase in high carbon ferrochrome and chrome ore sales. The value of export receipts reached ...

By Staff reporter | Published: 23 November 2017

BUSINESS NEWS

Zimbabwe plans increased India trade

Zimbabwe has expressed interest to expand economic ties with India, one of the world's fastest growing economies. Currently, the bilateral trade between India and Zimbabwe is a modest $133 million, ac...

By Staff reporter | Published: 23 November 2017

TELECOMS & TECHNOLOGY

Powertel unveils vehicle tracking, fleet management solutions

Powertel Communications has launched a state-of-the-art communication solution for vehicle tracking and fleet management under its broad product category of Internet of Things (IOT). The new innovatio...

By Staff reporter | Published: 23 November 2017

BUSINESS NEWS

High costs affect Zimbabwe competitiveness

THE country's cost of liquidity, power, labour, water, transport and finance are abhorrent to competitiveness, a new report has shown.According to the Zimbabwe National Competitiveness Report (ZNCR) r...

By Staff reporter | Published: 22 November 2017

INDUSTRIALS & ENERGY

Edible oil producers seek to charge in forex

COOKING oil producers have approached the central bank asking to be allowed to sell some of their products for cash in foreign currency to be able to import raw materials.Oil Expressers Association of...

By Staff reporter | Published: 22 November 2017

INDUSTRIALS & ENERGY

Delta, Zimra tiff rages on

ZIMBABWE'S largest beverage maker, Delta Corporation's legal battle to get interest of close to $700 000 on charges of underestimated taxes from state revenue collector Zimra rages on with the High Co...

By Staff reporter | Published: 22 November 2017

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