TELECOMS & TECHNOLOGY

Kwese boost for Technites enterprise

Econet Wireless Group's Technites enterprise has received a significant boost from the High Court ruling on Kwese TV as a ramp up in installations could see Technites earning as much as $50 a day for ...

By Staff reporter | Published: 05 October 2017

MINING & RETAIL

High-level meeting on SMM revival planned

A high-level meeting on the possible reopening of Shabani Mashaba Mines (SMM), which were shut down in 2004, has been set for next week. Mines and Mining Development Deputy Minister Fred Moyo said the...

By Staff reporter | Published: 05 October 2017

CONSTRUCTION & PROPERTY

Uptake for CABS houses improves

Mortgage lender, CABS, have reported a steady increase in the uptake of its houses in Harare's high-density suburb of Budiriro following a review of the bank's lending conditions. The low-cost housing...

By Staff reporter | Published: 05 October 2017

FINANCIAL SERVICES

Banks offload 2 000 workers

AT least 2 000 workers have lost their jobs in the banking sector over the past five years due to an escalating economic crisis underpinned by political turmoil, a trade union has said.More workers in...

By Staff reporter | Published: 05 October 2017

LANDS & AGRICULTURE

Avian flu costs Irvine's $7.3 million

AN avian flu outbreak at Irvine's in May cost the country's largest chicken producer $7,3 million, a shareholder has disclosed, saying the quarantining of affected sites and culling of birds to preven...

By Staff reporter | Published: 05 October 2017

MINING & RETAIL

Nickel price slump worries BNC

BINDURA Nickel Corporation (BNC) says volatile world nickel prices would continue to affect the company's operations after the US$12 000 per tonne rally of September again dipped to slightly over US$1...

By Staff reporter | Published: 05 October 2017

LANDS & AGRICULTURE

SeedCo revisits incentive scheme

LEADING producer and marketer of certified crop seeds, Seed Co, has revised its employee incentive programme.The company is now granting employees shares equal in value to the appreciation of the comp...

By Staff reporter | Published: 05 October 2017

CONSTRUCTION & PROPERTY

Lafarge banks on highway upgrade

LAFARGE Cement Zimbabwe, a member of the Swiss-headquartered LafargeHolcim, last week reported declines in volumes and turnover for the half year ended June 30, 2017 but hopes major public infrastruct...

By Staff reporter | Published: 05 October 2017

INDUSTRIALS & ENERGY

Simbisa targets Dubai firm

QUICK service restaurant operator, Simbisa Brands, is planning to acquire a United Arab Emirates-based fast-food group, as it seeks to boost its profile ahead of a planned London listing.The fast food...

By Staff reporter | Published: 05 October 2017

FINANCIAL SERVICES

Tetrad's judicial protection overturned by court

THE High Court has allowed a businessman owed more than $2 million by Tetrad Investment Bank (TIB) to institute legal proceedings to recover the debt, despite the financial institution being under jud...

By Staff reporter | Published: 05 October 2017

LANDS & AGRICULTURE

Raw deal for cattle farmers

A STUDY of Zimbabwe's beef sector by the Competition and Tariff Commission (CTC) has revealed that farmers are getting a raw deal from other players in the beef supply chain, with retail outlets getti...

By Staff reporter | Published: 05 October 2017

MINING & RETAIL

Caledonia engages govt over indigenization deal

Canadian company, Caledonia Mining, the owners of Gwanda based Blanket Mine, has said it will keep its engagement with government confidential after the Ministry of Youth, Indigenization and Economic ...

By Staff reporter | Published: 05 October 2017

FINANCIAL SERVICES

Zim banks remodel operations

Finacial institutions are considering retraining their employees to ensure they fit into a new business model that is largely inclined to electronic banking. This comes as banks are increasingly movin...

By Staff reporter | Published: 05 October 2017

LANDS & AGRICULTURE

Zim evaluates rice production

Zimbabwe is evaluating the feasibility of commercial rice production with a Government delegation expected to go on a familiarisation mission to Egypt to acquaint itself with technology and viable met...

By Staff reporter | Published: 05 October 2017

TELECOMS & TECHNOLOGY

Vodacom surprised by investigation

Vodacom is aware that the Competition Commission has launched an investigation into Government's award to Vodacom to supply mobile communication solutions, premised on the alleged abuse of dominance. ...

By Staff reporter | Published: 04 October 2017

MINING & RETAIL

Zim tungsten project gets £3.5m boost

Implementation of the Bulawayo-based RHA Tungsten project has received a major boost after diversified miner Premier African Resources raised £3,5 million for the project.The RHA Tungsten mine is 49 ...

By Staff reporter | Published: 04 October 2017

TELECOMS & TECHNOLOGY

Vodacom investigated for abuse of dominance

The Commission has initiated an investigation against Vodacom Group (Pty) Ltd (Vodacom) for abuse of dominance after the company secured an exclusive contract with National Treasury to be the sole pro...

By Staff reporter | Published: 04 October 2017

FINANCIAL SERVICES

Stanbic urges uptake of insurance products

STANBIC Bank has called for greater uptake of insurance products in the country.The financial institution has since ventured into the insurance business noting that only a handful of Zimbabweans posse...

By Staff reporter | Published: 04 October 2017

MINING & RETAIL

ZCDC to start conglomerate mining

State mining entity, the Zimbabwe Consolidated Diamond Company (ZCDC), will this month begin conglomerate mining following the near depletion of alluvial diamonds at the Chiadzwa diamond fields.Financ...

By Staff reporter | Published: 04 October 2017

FINANCIAL SERVICES

Women's bank nears completion

The Minister of Women Affairs, Gender and Community Development, Nyasha Chikwinya says the much-awaited women's microfinance bank is now 85% complete.The first women's bank in the country set to provi...

By Staff reporter | Published: 03 October 2017

INDUSTRIALS & ENERGY

PG Industries takeover gets regulatory approvals

Indian firm Dewei Investments PG Industries take-over is set to be completed this month after the deal received the requisite regulatory approvals.Dewei Investments last year entered into an agreement...

By Staff reporter | Published: 03 October 2017

TRANSPORT & TOURISM

Visit Zimbabwe campaign launched

The Zimbabwe Tourism Authority (ZTA) has unveiled a Visit Zimbabwe campaign targeting three markets, in an ambitious bid to grow tourist arrivals.The campaign targets South Africa, China and Russia, Z...

By Staff reporter | Published: 03 October 2017

MINING & RETAIL

Ex-Zisco workers get outstanding salaries

Former employees of the defunct Zimbabwe Iron and Steel Company have received part of their outstanding salaries backdated to 2009 following an agreement with Government to settle their pay arrears in...

By Staff reporter | Published: 03 October 2017

LANDS & AGRICULTURE

Govt works on $56m fertiliser facility

ZIMBABWE is working on a $56 million facility with the African-Export and Import Bank (Afreximbank) to support importation of fertiliser for the forthcoming agriculture season.The amount would be part...

By Staff reporter | Published: 03 October 2017

MINING & RETAIL

Zimplats pockets $14m export incentive

ZIMBABWE'S largest platinum producer, Zimplats has realised $14 million in export incentives, the company revealed in its integrated annual report for 2017.The Reserve Bank of Zimbabwe introduced a fi...

By Staff reporter | Published: 03 October 2017

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