MINING & RETAIL

Zimplats agrees to cede claims to govt

ZIMPLATS  says it has agreed to give up 28,000 hectares of land, more than half of its idle mining claims to the government, ending a five-year row but analysts say the latest land grab could spo...

By The Source | Published: 14 September 2017

INDUSTRIALS & ENERGY

Drug prices soar

A critical shortage of drugs is looming in Zimbabwe as pharmacies struggle to stock due to biting foreign currency challenges, which have forced them to hike prices to essential medicines. Zimbabwe is...

By Staff reporter | Published: 14 September 2017

TELECOMS & TECHNOLOGY

TelOne applies for VoD broadcast licence

State owned telecommunications company, TelOne has applied for a broadcasting license to offer video on demand (VoD) services, the industry regulatory authority said on Monday.The company, which wants...

By Staff reporter | Published: 14 September 2017

TRANSPORT & TOURISM

Govt works on Air Zimbabwe debt takeover

GOVERNMENT is finalising the process to take over the $334 million Air Zimbabwe debt paving way for the national airline to court new investors, a Cabinet Minister has said.In July, Cabinet approved t...

By Staff reporter | Published: 14 September 2017

MINING & RETAIL

Plug gold leakages, add value, says Mugabe

PRESIDENT Mugabe says beneficiation and value addition, and a deliberate policy to curb rampant leakages of precious minerals especially gold, are central to realising more revenue from the mining sec...

By Staff reporter | Published: 14 September 2017

LANDS & AGRICULTURE

Sugarcane farmers target 600 000 tonnes

Sugarcane farmers in Chiredzi have set a target of producing more than 600 000 tonnes in the forthcoming season, while riding on an increased production level this year.The call by Tongaat Hulett Zimb...

By Staff reporter | Published: 14 September 2017

LANDS & AGRICULTURE

Farmers get $100m interest-free loans from China

A CHINESE company, Tian Ze Tobacco has since 2005 invested about $100 million in Zimbabwe's agricultural sector through providing interest-free loans to local farmers.Chinese Ambassador to Zimbabwe Mr...

By Staff reporter | Published: 14 September 2017

MINING & RETAIL

Rich Pro extends takeover offer deadline for Asa

Chinese company Rich Pro Investments Limited (RPI) has extended the deadline of its takeover offer for Asa Resource Group Plc as it continues talks with the mining group's administrators.RPI, an inves...

By Staff reporter | Published: 14 September 2017

FINANCIAL SERVICES

BancABC's sweet $16m deal

BANCABC has set aside $16 million for the 2017 /2018 sugarcane production season in the Lowveld, as the financial services group consolidates its presence in this previously under-serviced but critica...

By Staff reporter | Published: 14 September 2017

TELECOMS & TECHNOLOGY

Kwese TV seeks permission to operate in Zim

Dr Dish (Pvt) Limited, which recently partnered Econet Media Limited (Mauritius) to distribute Kwese TV satellite content to the Zimbabwean viewership, has filed an urgent chamber application seeking ...

By Staff reporter | Published: 14 September 2017

INDUSTRIALS & ENERGY

Oil producers to fortify in 90 days

OIL producers have finally agreed to fortify their cooking oil within 90 days with over 50 percent of the producers having already complied with the Government mandatory fortification programme, Oil E...

By Staff reporter | Published: 14 September 2017

TELECOMS & TECHNOLOGY

TelOne pre-paid slashes voice costs

TelOne has slashed voice calls by more than 80 percent seeing on-net calls going down to 1cent per minute from 5 cents and mobile calls down to 4 cents from 16 cents. This reduction has come about thr...

By Staff reporter | Published: 14 September 2017

MINING & RETAIL

Impala Platinum release horrible financial results

Implats has today announced that the Group's total platinum output rose 6.4% to 1.530 million platinum ounces in 2017, from 1.438 million platinum ounces last year. This included a 2.2% increase in m...

By Agencies | Published: 14 September 2017

BUSINESS NEWS

Buyanga extends business to gold, precious metals

THE African Medallion Group (AMG) has extended the scope of its business activities to include gold purchasing and precious metal beneficiation.The development has seen AMG increasing its gold reserve...

By Staff reporter | Published: 13 September 2017

FINANCIAL SERVICES

IPEC defends new requirements

The Insurance and Pensions Commission (IPEC) says it introduced a mandatory certificate of proficiency qualification for trustees of retirement funds to curb widespread mismanagement of the investment...

By Agencies | Published: 13 September 2017

TRANSPORT & TOURISM

Forex shortage grounds Rainbow Airlines

Zimbabwe's newest airline, Rainbow, has grounded its plane due to a scarcity of foreign currency and a deadly boardroom squabble.A Reserve Bank of Zimbabwe foreign currency priority list has made it d...

By Staff reporter | Published: 13 September 2017

FINANCIAL SERVICES

Whiteman supervision ends at Standard Bank

Standard Bank Group Ltd. appointed Sim Tshabalala as sole chief executive officer, ending a dual role he shared with Ben Kruger, and making him the first black person to lead Africa's largest lender i...

By Staff reporter | Published: 13 September 2017

CONSTRUCTION & PROPERTY

Pearl change of name to First Mutual

Shareholders are advised that the name of Pearl Properties (2006) Limited has been changed to First Mutual Properties Limited. The listing of the Zimbabwe Stock Exchange has been amended with effect f...

By Staff reporter | Published: 13 September 2017

FINANCIAL SERVICES

Kenyan firm to expand into Zimbabwe

Kenya's largest pension fund administrator Zamara is planning to expand into Africa, north of the Limpopo, over the next five years, using the East African country and Zimbabwe as focal points.In Zimb...

By Staff reporter | Published: 13 September 2017

TELECOMS & TECHNOLOGY

Econet declares cash dividend

ECONET Wireless Zimbabwe has declared a cash dividend of $10 million at 0.386 cents per share for the first quarter period ended May 31, 2017, reflecting the persistent foreign currency shortages in t...

By Staff reporter | Published: 13 September 2017

MINING & RETAIL

Fast food outlets increase prices

FAST food outlets in Bulawayo have increased prices for takeaways, apparently to meet the costs of new packaging following a ban on the use of kaylite by the Environmental Management Agency (EMA) in J...

By Staff reporter | Published: 13 September 2017

TRANSPORT & TOURISM

Zimbabwe, Zambia integrate Uni-Visa systems

ZIMBABWE and Zambia are working on integrating the Kavango-Zambezi Transfrontier Conservation Area (Kaza) Uni-Visa into their internal systems to increase efficiency.This comes at a time when an estim...

By Staff reporter | Published: 13 September 2017

FINANCIAL SERVICES

Masawara Insurance Group drives digital strategy

Insurance technology specialist SSP has signed a new deal with the Masawara Group of insurance companies. The deal has seen SSP Pure Insurance deployed across Botswana Insurance Company Limited, Lion ...

By Agencies | Published: 13 September 2017

FINANCIAL SERVICES

African Century fails to access $35m credit lines

Zimbabwe's leading leasing company, African Century Leasing is failing to access $35 million worth of lines of credit from different external financiers due to challenges faced in repatriating due loa...

By Staff reporter | Published: 13 September 2017

TELECOMS & TECHNOLOGY

BAZ contests Kwese ruling

The Broadcasting Authority of Zimbabwe (BAZ) has approached the Supreme Court contesting a High Court decision allowing Econet Media Limited (Mauritius) to distribute Kwese TV satellite content to the...

By Staff reporter | Published: 13 September 2017

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