FINANCIAL SERVICES

Storm over Fidelity's housing project

Listed financial services group, Fidelity Life Assurance Company, is in the eye of a storm after failing to honour its side of the bargain to purchasers, who bought residential stands at its South Vie...

By Staff reporter | Published: 07 September 2017

INDUSTRIALS & ENERGY

Machinery shortage haunts Zim tissue manufacturer

KADOMA Paper Mills (KPM) is experiencing capacity constraints with one machine that can only meet 54% of the 700-tonne demand for tissue paper in Zimbabwe and having to import waste paper.As a result ...

By Staff reporter | Published: 07 September 2017

FINANCIAL SERVICES

FMHL finds buyer for RTG stake

FIRST Mutual Holdings Limited (FMHL) says it has found a buyer for its 19,8 percent stake in hotel concern, Rainbow Tourism Group (RTG), from which it has been seeking to exit for the past two years.T...

By Staff reporter | Published: 07 September 2017

MINING & RETAIL

No site yet to Aussie-Zimbabwe platinum refinery

GOVERNMENT is yet to locate a site for the construction of a $300 million platinum refinery, set to be established under a joint venture arrangement between an Australian partner and the Zimbabwe Mini...

By Staff reporter | Published: 07 September 2017

MINING & RETAIL

Metallon collpses the Group structure

ZIMBABWE's largest gold producer, Metallon, has restructured the business by collapsing the group structure into independent mining units with separate executive management and boards, as part of eff...

By Staff reporter | Published: 06 September 2017

LANDS & AGRICULTURE

Agriseeds to develop pasture seed varieties

LOCAL seed manufacturer, Agriseeds,  owned by South Africa's ZAD Investment Limited,  intends to avail new seed varieties for pastures to complement Government's Command Livestock Programme,...

By Staff reporter | Published: 06 September 2017

MINING & RETAIL

Zim platinum production expected to drop 9%

Platinum production in Zimbabwe decreased to 105 000 ounces in the second quarter of this year, a 13 percent decline compared to the same period last year, the World Platinum Investment Council (WPIC...

By Ngoni Shenjere | Published: 06 September 2017

MINING & RETAIL

Vast Resources ramps up gold production

London-listed mining firm Vast Resources says gold production at its Zimbabwean unit went up by 36 percent to 4 037 ounces in the second quarter to June 2017.Vast Resources owns Pickstone-Peerless gol...

By Staff reporter | Published: 06 September 2017

MINING & RETAIL

Zim retailers raise alarm on food shortages

Retailers in Zimbabwe want the central bank to put a speedy end to foreign payment bottlenecks for suppliers of goods and commodities to shops in the country. This comes as shortages have started to e...

By Staff reporter | Published: 06 September 2017

INDUSTRIALS & ENERGY

Shepco's unit eyes 40% capacity by December

SHEPCO Group's bolt manufacturing division - Shepco BMA Fasteners - seeks to increase its capacity utilisation by 19,3% by December this year as it continues consolidating its market share, an officia...

By Staff reporter | Published: 06 September 2017

MINING & RETAIL

Chrome miner says fuel duty-free status above board

Africa Chrome Fields (Pvt) Ltd, a subsidiary of South African mining company Fanshawe Mining Holdings, which recently came under the spotlight after Government, through the Ministry of Transport and I...

By Staff reporter | Published: 06 September 2017

INDUSTRIALS & ENERGY

Merlin pins revival hopes on SEZs initiative

DEFUNCT textile firm, Merlin is set to tap into the Special Economic Zones model following its proposal to establish a ginnery expected to add impetus to the firm's survival when it re-opens.Under the...

By Staff reporter | Published: 06 September 2017

TELECOMS & TECHNOLOGY

Businessman loses airtime row against Econet

A Bulawayo businessman has been ordered to pay Econet Wireless more than $94 000 for the airtime recharge cards advanced to his company on credit.In addition, Mr Clifford Manungo lost a stand measurin...

By Staff reporter | Published: 06 September 2017

INDUSTRIALS & ENERGY

Paper Mills blows thousands on imports

KADOMA Paper Mills, a division of the Zimbabwe Stock Exchange-listed ART Corporation is losing thousands of dollars per month importing waste paper among other raw materials from South Africa and Bots...

By Staff reporter | Published: 06 September 2017

TELECOMS & TECHNOLOGY

High Court withholds ruling on Kwese TV

The High Court yesterday withheld ruling on whether an application by Econet Group's pay television service, Kwese TV, in which it is challenging the Broadcasting Authority of Zimbabwe (Baz) over an o...

By Staff reporter | Published: 06 September 2017

MINING & RETAIL

Zimplats competes Ngezi Phase 2 expansion project

ZIMBABWE'S largest platinum producer, Zimplats, says Ngezi Phase 2 expansion project is almost complete and is expected to start production next year.Implats' Zimbabwe unit said $458 million has been ...

By Staff reporter | Published: 05 September 2017

MINING & RETAIL

SMM complete report on Gaths Mine reopening

EXECUTIVE management at Shabanie Mashava Mines (SMM) has completed a report detailing financial and technical requirements for revival of the closed Gaths Mine in Mashava, which holds huge deposits of...

By Staff reporter | Published: 05 September 2017

LANDS & AGRICULTURE

Zimbabwe targets 170,000ha for maize

GOVERNMENT says nearly 40 000 farmers have registered to grow maize during the 2017/17 farming season with over 170 000 hectares of land targeted for the crop.A total of 39 714 farmers, including inst...

By Staff reporter | Published: 05 September 2017

TELECOMS & TECHNOLOGY

Masiyiwa's Kwese TV launches in Botswana

Pan-African pay-television network Kwese TV has launched its satellite broadcasting service in Gaborone, reports Mmegi. Kwese Free Sport was first introduced to viewers in Botswana in March but now th...

By Staff reporter | Published: 05 September 2017

INDUSTRIALS & ENERGY

Farm & City seeks $2m working capital

Old time farmers in Zimbabwe have one or two experiences to share concerning Farm & City, one of the country's major agricultural and hardware retail companies.That experience or testimonial will ...

By Staff reporter | Published: 05 September 2017

MINING & RETAIL

Makomo exports increase in Q2

Makomo Resources Limited, Zimbabwe's largest coal miner said exports peaked during the second quarter, largely driven by high demand from the regional countries.Coking coal and washed peas exports ros...

By Staff reporter | Published: 05 September 2017

LANDS & AGRICULTURE

Maize seed demand up 50%

ANNUAL demand for maize seed in Zimbabwe has increased 50 percent to 37 500 tonnes compared to 25 000 tonnes that was required prior the land redistribution programme in year 2000, while seed producer...

By Staff reporter | Published: 05 September 2017

INDUSTRIALS & ENERGY

NOIC targets October for $6m ethanol depot

THE National Oil and Infrastructure Company (NOIC) is targeting to complete its 3 million litre ethanol storage facility in Harare next month as it readies for higher petrol blending ratios meant to r...

By Staff reporter | Published: 05 September 2017

LANDS & AGRICULTURE

Irrigated tobacco preps underway

PREPARATIONS for the 2017 irrigated tobacco growing season are underway with the farmers expected to transplant the seedlings at the end of the month.The golden leaf, which is one of Zimbabwe's major ...

By Staff reporter | Published: 05 September 2017

MINING & RETAIL

ZCDC waiting on EMA for Gache-Gache

THE Zimbabwe Consolidated Diamond Mining Company (ZCDC) is doing exploratory work and evaluation at Gache-Gache in Kariba ahead of commencement of alluvial gold mining in the area.Government directed ...

By Staff reporter | Published: 05 September 2017

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