BUSINESS NEWS

NSSA asserts rights over Capital Bank

THE National Social Security Authority (NSSA) this week asserted its rights over Capital Bank, formerly ReNaissance Merchant Bank, which is now in liquidation and has been the subject of litigation by...

By Staff reporter | Published: 28 September 2017

MINING & RETAIL

MonaChrome revival anchored on new investor

Chrome smelting company, MonaChrome Private Limited's full scale revival, is now anchored on the payment of $4 million to its creditors by the new investor, NK Trading, after shareholders and creditor...

By Staff reporter | Published: 28 September 2017

TELECOMS & TECHNOLOGY

TelOne Broadband goes mobile

TelOne has unveiled new service capabilities, Wi-Fi Home and Away and Pre-Paid Voice Bundles. This is a development that is coming as part of the National Broadband project, which is bringing up-to-da...

By Staff reporter | Published: 28 September 2017

INDUSTRIALS & ENERGY

Zim sets deadline for migration to 50 ppm diesel

The Ministry of Energy and Power Development says Zimbabwe will be phasing out regular high sulphur diesel used in the country in favour of 50 ppm as part of efforts to promote a cleaner environment. ...

By Staff reporter | Published: 27 September 2017

INDUSTRIALS & ENERGY

'Zimbabwe has over 2 months' supply of fuel'

The Ministry of Energy and Power Development has assured the nation that it is holding more than two months' supply of diesel and over a month's supply of petrol.  Minister of Energy Dr Samuel Un...

By Staff reporter | Published: 27 September 2017

TELECOMS & TECHNOLOGY

TelOne launches two new services

TELONE yesterday unveiled two new services -WIFI Home and Away as well as Pre-Paid Voice Bundles.This is part of the national broadband project, which is bringing up-to-date capabilities on the TelOne...

By Staff reporter | Published: 27 September 2017

FINANCIAL SERVICES

Fidelity Life Assurance appoints substantive CEO

Diversified financial services group Fidelity Life Assurance of Zimbabwe has appointed Mr Rueben Java as its substantive chief executive effective October 1, 2017.Mr Java, who is also the current chai...

By Staff reporter | Published: 27 September 2017

INDUSTRIALS & ENERGY

Uptake of solar energy in Zimbabwe set to rise

For a country that is blessed with plentiful sunlight and at the same time blighted with constrained electricity supply, Zimbabwe's utilisation of renewable energy – solar energy in particular – i...

By Staff reporter | Published: 27 September 2017

INDUSTRIALS & ENERGY

Cooking Oil manufacturers blame shortages on forex unavailability

Cooking oil manufactures on Wednesday said there was no enough foreign currency to import raw materials needed to produce the commodity, hence the current shortages of the product on the market.In a s...

By Staff reporter | Published: 27 September 2017

TRANSPORT & TOURISM

Fly Zimbabwe Airways recruits staff

Fly Zimbabwe Airways has started recruiting staff pending its launch.A newspaper advertisement which was published yesterday said Fly Zimbabwe Airways is seeking an unspecified number of flight attend...

By Staff reporter | Published: 27 September 2017

MINING & RETAIL

Shabani Mashaba Mines set to reopen

PLANS to re-open the Shabani Mashaba Mines (SMM), which were shut down in 2004, were at an advanced stage after the government engaged an Indian company that is ready to buy 50 000 tonnes of the mine'...

By Staff reporter | Published: 27 September 2017

TELECOMS & TECHNOLOGY

Mobile calls fall to 4 cents per minute

Government parastatal TelOne which is on a massive rebranding exercise, is set to launch its new pre-paid voice bundles and Wi-Fi home and away service amidst revelations that mobile calls are to be r...

By Staff reporter | Published: 27 September 2017

INDUSTRIALS & ENERGY

Forex shortage affects cooking oil production

COOKING oil producers say they can no longer access raw materials on credit from their foreign suppliers, following a reduction of foreign currency allocations to less than $1,5 million per week.In a ...

By Staff reporter | Published: 27 September 2017

TELECOMS & TECHNOLOGY

TelOne set to recover $200m from debtors

TelOne will soon embark on an alternative programme to recover $200 million owed to it by public entities.The company's managing director Chipo Mtasa said the telecoms company would take a cue from po...

By Staff reporter | Published: 27 September 2017

MINING & RETAIL

Hardware shop 'robs' client in bad lay-bye deal

A 63-YEAR-OLD man was allegedly robbed of $347 by workers at a store in Bulawayo.Mr Japhet Ndlovu of Makokoba purchased 26 sheets of zinc, six air-vents and roofing timber on lay-bye last December fro...

By Staff reporter | Published: 27 September 2017

INDUSTRIALS & ENERGY

Govt lifts soyabean import ban

The Government has suspended a moratorium banning the importation of soyabean into the country in an effort to ensure reliable supply of edible oil in the country, oil producers have confirmed.The Gov...

By Staff reporter | Published: 27 September 2017

MINING & RETAIL

Retailer denies cash-hoarding charges

A BULAWAYO retail shop, Bulk Commodities trading as Cash and Carry, has denied charges of violating the Reserve Bank of Zimbabwe's (RBZ) disclosure order by not banking its daily cash takings.The regu...

By Staff reporter | Published: 27 September 2017

TRANSPORT & TOURISM

Chinamasa to officially open tourism expo

FINANCE and Economic Development Minister Patrick Chinamasa will officially open this year's Sanganai/Hlanganani World Tourism Fair, which begins in Bulawayo tomorrow.The expo, which is in its 10th ye...

By Staff reporter | Published: 27 September 2017

MINING & RETAIL

Fidelity reduces US$ payouts to miners

FIDELITY Printers and Refiners has reduced cash payouts to small-scale gold miners by 40 percent, a move some industry players fear may hurt production and give rise to smuggling of the precious miner...

By Staff reporter | Published: 27 September 2017

LANDS & AGRICULTURE

Chinese envoy challenges Zim farmers to double production

Chinese Ambassador to Zimbabwe Mr Huang Ping has challenged the country's agricultural sector to double its production as there is a ready market in the giant Asian country.Ambassador Huang was addres...

By Staff reporter | Published: 27 September 2017

TRANSPORT & TOURISM

Zim's premier tourism business expo opens today

ZIMBABWE'S premier tourism business expo, Sanganai/Hlanganani kicks off today in Bulawayo coinciding with the World Tourism Day, with organisers optimistic that the event will be able to attract more ...

By Staff reporter | Published: 27 September 2017

CONSTRUCTION & PROPERTY

ZHL profits up 1 137% on restructuring

Zimre Holdings Limited (ZHL), saw its profits growing by 1 137% to $2,7 million in the half-year ended June 30 from the comparable period last year, as the financial services group reaps from its rest...

By Staff reporter | Published: 26 September 2017

TRANSPORT & TOURISM

SAA cancels regional routes, Zimbabwe remains

South African Airways has confirmed it will cancel flights on six of its regional destinations due to "operational reasons".Tourism Update states the airline sent out a notification to trade last week...

By Staff reporter | Published: 26 September 2017

TELECOMS & TECHNOLOGY

Kwese forces DStv to slash monthly subscriptions

MultiChoice Zimbabwe yesterday announced a major decrease of DStv subscription prices and launched a new, affordable, entry level package unique to the local market to be known as DStv Lite.The price ...

By Staff reporter | Published: 26 September 2017

INDUSTRIALS & ENERGY

Meprin eyes DRC, Namibia markets

MEPRIN Founders and Engineers targets increasing export supplies with focus on taping the Democratic Republic of Congo (DRC) and Namibian markets.The company began operations in 2000 as a small scale ...

By Staff reporter | Published: 26 September 2017

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